initial coin offering

noun

Definition of initial coin offering

: the first sale of a cryptocurrency to the public conducted for the purpose of raising funds (as to support a start-up) Coinciding with the substantial growth in cryptocurrencies, companies and individuals increasingly have been using initial coin offerings to raise capital for their businesses and projects.— Jay Clayton

called also ICO

First Known Use of initial coin offering

2014, in the meaning defined above

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The first known use of initial coin offering was in 2014

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Cite this Entry

“Initial coin offering.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/initial%20coin%20offering. Accessed 21 Jan. 2021.

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