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Tagacronyms-concepts
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Niklas
2018-03-23, 14:50

ICO

ICO is short for initial coin offering. It is a process to raise money for a crypto currency venture. The equivalent in the stock world is a primary offering of shares. Photo by Chris Liverani on Unsplash


Best regards, Niklas 🎈

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jordan
2018-03-23, 23:53
#1

I tried to look up what a primary offering of shares was, but I couldn't really understand it. But for this does it mean the money is raised to then invest in a new cryptocurrency?

Niklas
2018-03-24, 15:07
#2

If you are familiar with “new issue” that is the same as “primary offering”. You are right that here it means money is raised for investing in (“starting”) a new crypto currency.


Best regards, Niklas 🎈

jordan
2018-03-25, 16:09
#3

Ahh okay, I think I understand it now. Thanks! 🙂

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