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

See Words from the same year
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