initial 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

Word History

First Known Use

2014, in the meaning defined above

Time Traveler
The first known use of initial coin offering was in 2014

Dictionary Entries Near initial coin offering

Cite this Entry

“Initial coin offering.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/initial%20coin%20offering. Accessed 21 Mar. 2023.

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