ICO

What Does ICO Mean?

ICO means "Initial Coin Offering (Cryptocurrency Term)".

The acronym ICO is used with the meaning "Initial Coin Offering" to refer to a crowdfunding mechanism by which some start-up companies raise capital. A proportion of a crowdfunded cryptocurrency is allocated to investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies. These tokens become functional units of currency when the ICO's funding goal is met and the project launches.

Summary of Key Points

"Initial Coin Offering (Cryptocurrency Term)" is the most common definition for ICO on Snapchat, WhatsApp, Facebook, Twitter, and Instagram.

ICO
Definition:Initial Coin Offering (Cryptocurrency Term)
Type:Acronym
Guessability:
4: Difficult to guess
Typical Users:
Adults

Image for ICO

When I write ICO, I mean this:

meaning of ICO
ICOs are a crowdfunding mechanism.

More...

Examples of ICO in Sentences

Here are examples of ICO being used in conversations:
  • Person A: Why shouldn't I buy into an ICO?
  • Person B: Because it's an unregulated way by to raise funds that bypasses the regulations required by venture capitalists. Very risky! 
  • Person A: But, this is one of a string of ICOs that have raised over $1 billion in funds this year.

An Academic Look at ICO

ICO is an acronym (i.e., an abbreviation spoken like a word). Acronyms differ from initialism abbreviations, which are pronounced using their individual letters.

What Did We Used To Say?

Before the digital era, ICOs didn't exist. 

Example of ICO Used in a Text

 
ICO
 

See Also

altcoins (alternative currencies (cryptocurrency term)) bitcoin (a type of cryptocurrency) blockchain (public online ledger (cryptocurrency term)) btfd (buy the f*cking dip (cryptocurrency term))