ICO is short for Initial Coin Offering. And the coin is cryptocurrency. Cryptocurrencies are only valuable when they are not censorable. This is why there's a c

ICO is short for Initial Coin Offering. And the coin is cryptocurrency. Cryptocurrencies are only valuable when they are not censorable. This is why there's a controversy around coins like XRP (from Ripple) because most of the coins are owned by Ripple and their architecture is designed in a way that they can very well censor transactions. But even Ripple pales in comparison to something like Telegram, because Telegram is a mobile chat app, which is as centralized as you can get. Not only does it depend on iOS and Android, but also all push notifications must go through APN (Apple Push Notification) or FCM(Google Messaging). In fact, messaging apps are arguably the most centralized apps out there because of these features. And this is why it's so easy to censor these apps. So if your app can easily be censored, and if your coin is useless if your users can't use the app, what else do you think they were claiming?