A Follow-On Offering refers to the issuance of additional tokens or coins by a project that has already completed an initial offering. This is done to raise more capital after the initial sale of tokens has taken place.Such offerings can occur for various reasons, including funding new projects, expanding operations, or improving liquidity. The process allows existing investors to acquire more tokens, while also attracting new investors who may have missed the initial sale.While follow-on offerings can provide much-needed funds, they also have the potential to dilute the value of existing tokens. If more tokens are introduced into circulation, the total supply increases, which can lead to lower prices if demand does not keep pace with the new supply. Projects typically announce follow-on offerings through official channels, detailing the purpose, amount, and any relevant terms. Investors often weigh the benefits of additional funding against the risks of token dilution before making decisions.