ELI5: Explain Like I'm 5

ICO Satellite Management

Hello little one,

ICO stands for Initial Coin Offering. It is a method of fundraising for new projects in the form of digital coins or tokens. These coins can be bought and sold just like any other currency.

Satellite management, on the other hand, is the process of controlling and maintaining communication satellites in space.

So, when we talk about ICO satellite management, it means that a project is using an Initial Coin Offering to fund the management and operation of communication satellites in space.

Basically, people invest their money into the ICO and in turn, the project uses that money to launch and maintain communication satellites that provide services like internet, phone calls, and TV broadcasts.

It is a complex process that requires a lot of technical knowledge and resources, but the end result is that people get to enjoy better communication services, even in remote areas.

Hope that helps, little one!