Definition of Initial coin offering (ICO)

Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales. Typically, raised funds are used to fund operations, research & development, marketing and more.

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Related Terms

Hash

A hash function is an output code (unique and alphanumeric) that we obtain from an input string,

Total supply

All the tokens and coins that will exist in a cryptocurrency network.

Dump

A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.

Mempool

It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain

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