Sentences with phrase «currency via an initial coin offering»
The streaming service plans to initially distribute the currency via an initial coin offering (ICO), a common method of funding new cryptocurrencies, but once the ICO is completed Notes will become freely tradable.
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Startups working on digital currencies like Bitcoin and the related blockchain technology have raised $ 1.3 billion in traditional venture capital since the start of 2017, but $ 4.5 billion via more controversial initial coin offerings, TechCrunch reported.
The Securities and Exchange Commission shut down an effort by restaurant review startup Munchee to raise capital via digital currency, a.k.a. an initial coin offering, saying the deal constitutes the unregistered sale of securities.
The bill goes on to say that the currency will be issued by the nation's Ministry of Finance and introduced via an initial coin offering (ICO).