ICOs work in quite a simple way: A crypto project makes its new digital currency available to buy in a pre-release sale. The project sell quantities of the new coin for fiat currency or other coins such as bitcoin or ether. Depending on the project and the hype surrounding it, it’s possible for this offering to raise colossal sums of money in minutes. In most cases, buyers sign a ‘smart contract’ – a computer protocol (or set of rules) designed to enable parties to digitally sign and verify an agreement. This ensures that they receive the appropriate amount of cryptocurrency …