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.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/initial%20coin%20offering. Accessed 19 Jan. 2022.
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The first known use of initial coin offering was in 2014
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