ICO

noun

ˈī-ˈsē-ˈō 

variants or I.C.O.

plural ICOs or I.C.O.s

: an initial offering of a cryptocurrency to the public : initial coin offering

The venture capital industry is beginning to take a good, hard look at a new financial instrument coming out of the bitcoin community—Initial Coin Offerings, or ICOs.

—Richard Kastelein

Word History

First Known Use

2014, in the meaning defined above