You know what it looks like… but what is it called?
TAKE THE QUIZinitial coin offering
noun
: 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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Merriam-Webster unabridged
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