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BUY Altcoins BEFORE EXCHANGE LISTING - IDO IGO ICO Explained - Crypto UpdateBloom conducted a token ICO ending in January , raising $31 million, and the SEC considers this ICO an unregistered securities offering. The Bloom ICO (initial coin offering) raised $41,, USD by selling Bloom tokens at a price of $ USD. The Bloom ICO began on December. SEC regulators found crypto startup Bloom Protocol promoted its tokens as investment contracts, legally qualifying them as securities.