What is the full name of ICO (abbreviation of ICO)?
What is the full name of ICO? In December 2017, the A-round financing led by th
What is the full name of ICO? In December 2017, the A-round financing led by the US venture capital firm Paradigm reached $1 billion. In January 2018, Paradigm and Pantera Capital jointly launched an ICO with “blockchain technology and applications” as the core.
According to public information, the funds are mainly used for product development (such as Bitcoin, Ethereum, etc.) and consulting services. It also includes angel investment, strategic acquisitions, and more. The full name of ICO is Initialized Offerings or Initial Token Offering (ITO).
Abbreviation of ICO
According to official ICO news, the preparations for the first token offering (Initial Coin Offerings) in 2019 have been basically completed. According to the whitepaper, ICO was introduced as a new investment method in January 2018. ICO is a new way of financing by offering its securities publicly on an open network to the world. The initial goal of the project is to raise funds in a transparent manner and sell them at a certain price; then reinvest to achieve higher prices and higher returns, with the ultimate goal of allowing investors to participate at a lower cost.
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