How Can ICO Platforms Ensure Secure Multi-Phase Token Sales and Fund Management? Initial Coin Offerings (ICOs) have emerged as a prominent fundraising mechanism for blockchain projects, enabling companies to issue digital tokens to global investors. While ICOs offer unprecedented access to capital, they also present significant challenges in terms of security, regulatory compliance, and fund management. Multi-phase ICOs, which include pre-ICO, main ICO, and post-ICO stages,...