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ICO, IDO, IEO: Types of Crypto Crowdfunding EXPLAINEDStep 4: Connect MetaMask to Bitcoin ETF Token. Some ICOs require that another cryptocurrency be used to invest in an ICO, so you may need to purchase other coins to invest in the project. ICOs are initial coin offerings and bring new crypto tokens to market. Here's how they work, and what investors should know before ICO investing.