What is Slack? | Cryptocurrency Glossary

Slack: A Handy Tool for Sharing ICO Information

Slack is a business-oriented chat tool developed by an American company and launched in 2013.
It is now widely used as an essential communication tool, particularly among professionals in the IT industry.

It offers a range of business-friendly features, including one-on-one messaging, group chats for colleagues, clients, and project teams, as well as voice calls and file sharing. Its low cost and ease of use are also major attractions.

In the world of cryptocurrency, Slack is utilized when conducting an ICO to raise funds from investors or recruit supporters for a new blockchain service being launched.

By using Slack to create a dedicated community, they provide an overview and clear explanations of the new blockchain for the ICO. They also allow investors to ask questions, enabling casual information exchange, discussion of opinions, and the resolution of doubts and concerns through chat.

Since investing in new cryptocurrencies involves risks, a chat service that provides immediate, real-time information helps build trust.
Joining a Slack community is as simple as registering an email address, making it convenient for anyone to participate.