An ICO is similar to a mix between an IPO and online crowdfunding , but for cryptocurrency. One can contribute “X” amount of an existing token and receive in return “Y” amount of a new token (at a set conversion rate) at a date set by the issuer of the token.
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ICO is the acronym for Initial Coin Offering which refers to the highly unregulated process of raising funds for a cryptocurrency project . The process involves selling part of the cryptocurrency to early investors in exchange for bitcoin or legal tender.
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ICO AcronymDefinitionICOInformation Commissioner’s Office (UK)ICOIcon (File Name Extension)ICOInstituto de Crédito Oficial (Spain: Official Credit Institute)ICOIn Case OfICO – What does ICO stand for? The Free Dictionary acronyms.thefreedictionary.com › ICO
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An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies . It is often a form of crowdfunding, although a private ICO which does not seek public investment is also possible.
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