Definition of ICO
ICO stands for Initial Coin Offering, is the crypto industry’s equivalent to an initial public offering, an IPO.
ICO used in a sentence
‘’I’m going to participate in the ICO of this project, it looks very promising!’’
‘’Only very few people are able to participate in the ICO fundraising round for this project I have been looking into. But I’m not sure what their token is used for, so I might skip it.’’
Launching an ICO
Contrary to an IPO, anyone can launch an ICO at any point in time. Currently, there are very few regulations regarding ICO’s around the world, which makes it relatively easy for people who have access to the right tech to launch one. However, lack of regulations also comes with risks, as scams and fraudulent projects, so-called rug pulls, are quite common across the entire crypto sphere..