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

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initial coin offering

initial condition

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The first known use of initial coin offering was in 2014

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