#BOS @coineasydao.near About new crypto When new cryptocurrency coins are launched, they often go through an initial coin offering (ICO) or an initial exchange offering (IEO). During these events, the developers or issuing companies sell a portion of the total coin supply to early investors in exchange for other cryptocurrencies (like Bitcoin or Ethereum) or fiat currencies. The funds raised through ICOs or IEOs are typically used to further develop the project or fund other initiatives.