ICO (Initial Coin Offering)

A fundraising mechanism for new cryptocurrency projects.

Detailed Definition

An Initial Coin Offering is the cryptocurrency industry's equivalent to an Initial Public Offering (IPO). A company looking to raise money to create a new coin, app, or service can launch an ICO as a way to raise funds.

Related in Crypto

NFT (Non-Fungible Token)

A unique cryptographic token representing ownership.

Satoshi

The smallest unit of a bitcoin.

Decentralization

The transfer of control to a distributed network.