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(Initial Coin Offering) The fundraising event for a cryptocurrency and other blockchain-based offerings. Also called an IPCO (Initial Public Coin Offering), an ICO is a type of crowdsale that issues tokens with a value determined by the founding organization, and that value fluctuates on the market. See blockchain.

A Lot of Scamming
Cryptocurrency ICOs are infamous for being nothing more than a scam that generates a lot of hype with the founder cashing out at the opportune time. In 2017, China placed a temporary ban on ICOs and while the U.S., Canada, U.K. and other countries have stated that ICO tokens might qualify as securities that should be regulated like an IPO stock offering, as yet they are not. Even Switzerland, the most ICO-friendly country in the world (an area around Zug is called Crypto Valley), has issued warnings.

Also in 2017, more than USD $100,000 was raised for the "Useless Ethereum Token" ICO that clearly states the tokens are worthless (see below). The website guarantees that the value of the tokens cannot go down because they are already worth nothing. See Ethereum and crowdsale.

"Seriously, don't buy these tokens."
Excerpted from the home page of the Useless Ethereum Token website, this is perhaps the only honest ICO scam on the market. At least this offering is truthful, and a lot of people likely bought tokens just for fun. For more information, visit www.uetoken.com.
References in periodicals archive ?
Nicolas Kauser has joined the board of ICO Global Communications (Holdings) Limited.
We have expended over $310 million so far on our satellite and launch programs alone for ICO G1, and millions more on our terrestrial, device, and radio layer activities.
In conjunction with this announcement, ICO will host an investor status conference call tomorrow, November 10, 2006, at 10:00 a.
ICO also announced that Sam Ginn will join its board of directors and serve on ICO's strategy committee with ICO's chairman, Craig O.
ICOS Corporation, a biotechnology company headquartered in Bothell, Washington, is dedicated to bringing innovative therapeutics to patients.
Where To Find Additional Information About The Merger Between ICOS And Lilly
ICOS Corporation (NASDAQ:ICOS) announced today that an agreement has been reached to amend the terms of the merger agreement with Eli Lilly and Company (NYSE:LLY), which was originally signed on October 16, 2006.
Also, an archived replay of the conference webcast will be available on the ICOS website for 90 days.
ICOS Corporation (ICOS) (NASDAQ: ICOS), announced today that it has signed a definitive agreement to be acquired by Eli Lilly and Company (Lilly) (NYSE: LLY).
Noels said, "For about 25 years, ICOS has consistently executed a growth strategy of sustaining market leadership, increasing penetration of established market segments and expanding addressable market.
Research will be performed at the IMEC laboratories and ICOS will provide technology and equipment for inspection and metrology.