An ICO Token Development is a fundraising mechanism in which a company or organization creates and sells digital tokens to investors in exchange for cryptocurrency or fiat currency. These tokens, often built on blockchain technology, can be used to access the company's products or services, or as a means of investment. Token development typically involves creating smart contracts on a blockchain platform such as Ethereum, which are used to mint and manage the tokens. The process also includes the creation of a whitepaper, a document outlining the company's business plan and goals for the ICO. It's important to note that many countries have regulations around ICOs and it's crucial to consult with legal and financial professionals before launching an ICO.