« Back to Glossary Index« Back to Glossary Index
Categories: Economics & Finance
An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.
(Read more: Initial Coin Offering (ICO) Definition | Investopedia http://www.investopedia.com/terms/i/initial-coin-offering-ico.asp#ixzz4uSdEbeBU)
Synonyms:
Initial Public Coin Offering (IPCO)
