I am new to Ethereum blockchain. I have queries regarding ICO(Initial Coin Offering) plateform. I understood basic meaning of ICO.
Suppose I have own startup company. I needs funds for development of company. So, First I create my own ethereum crypto-currency and release ERC20 based tokens on ICO crowd sale. Who buy ERC20 token he gives me crypto money. I used this to develop my company. In this case I have two query.
When Investors come on ICO crowd sale. He buy my ERC20 tokens. What and How he use tokens??
When I got funds to investors. I got funds in form of ether cryptocurrency. So, How I use this cryptocurrency to development of company. How I will convert ether cryptocurrency to Rupee or Usd