initial coin offering (money transfer) (ICO)
Initial Coin Offering(ICO) is an initial offer to purchase a currency. The ICO process is often used in the launch of cybermoney for the financing of project or company.
The ICO process is similar to the IPO process, Initial Public Offering (IPO), with the difference that coins or tokens are sold instead of shares or stock certificates. In addition, ICO offerings are not used by the general public, but by tech-savvy users who expect to make short-term profits through the purchase. Trading is unregulated, which encourages manipulation.