Acronyms & Concepts

ICO

2018-03-23 13:50 #0 by: Niklas

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.

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Best regards, Niklas

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2018-03-23 22:53 #1 by: jordan

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? 

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2018-03-24 14:07 #2 by: Niklas

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

Host of Crypto Currencies | How to... | iPad for Work | Mobile Photography

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2018-03-25 14:09 #3 by: jordan

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

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