Definition, Meaning & Synonyms
ico
noun
ˈaɪkoʊ
Definition
Ico, often referring to an Initial Coin Offering, is a fundraising mechanism in the cryptocurrency industry where new tokens are sold to investors.
Examples
- The company launched its ico to finance its blockchain project.
- Investors flocked to the ico, hoping for high returns on their investments.
- Due to regulatory scrutiny, many ico projects faced challenges in compliance.
Meaning
An ico represents a popular method for startups to raise funds by selling their own cryptocurrency in exchange for established cryptocurrencies like Bitcoin or Ethereum.
Synonyms
- token sale
- crowdsale
- cryptocurrency offering
