An ICO is a fundraising tool that trades future cryptocoins in exchange for cryptocurrencies of immediate, liquid value. ICOs are the new funding slingshot by which nascent cryptos are flung into the world. Today cryptocurrencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance. The cryptocurrency market is hot once again. And while it continues to set new records, a host of altcoins will demand its slice of the market. Should you buy into an ICO? Only if you have a massive appetite for risk, zero fear of losing your capital and are willing to take a flying chance on an idea that could flop.