An ICO, Initial Coin Offering, allows a new developers team to tap into a wide pool of potential investors to provide itself with capital for future growth, repayment of debt, or working capital. A company selling on ICO is never required to repay the capital to its public investors. Those investors must endure the unpredictable nature of the open market to price and trade their ICO coins. After the ICO, when coins trade freely in the open market, money passes between public investors. For early private investors who choose to sell shares as part of the ICO process, the ICO represents an opportunity to monetize their investment. After the ICO, once coins trade in the open market, investors holding large blocks of shares can either sell those shares piecemeal in the open market, or hold to see further development and growth potential in the project. This type of offering is not dilutive or inflational, since no new coins are being created.