In order to quickly win financing, while avoiding traditional market regulations, companies issue their own virtual currency and sell it at auction.
Instead of raising funds by scoring their shares, small computer geniuses have found a quicker and more efficient way to find financing. They issue their own virtual currency and auction it through an ICO. In this case, there is no need to comply with the rigorous and transparent requirements of the US Securities and Exchange Commission (SEC), to fill hundreds of pages of prospectuses and pay ruinous lawyers and bankers, business. With a good description and a website, the tour is played.