A public sale, also known as an Initial Coin Offering (ICO), is the third and final funding round that a blockchain startup offers after the private sale and pre-sale rounds. Public sales are generally open to retail investors, large investors, and the general public, with the only requirements for participation being registration and the provision of valid Know-Your-Customer (KYC) identification. While ICOs remain popular, they have recently evolved into other funding models such as Initial Exchange Offerings (IEOs) and Initial DEX Offerings (IDO).
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