White Paper & Token Issuance
Initial Coin Offering (ICO)
A token sale typically conducted directly by an issuer — predominant fundraising structure 2017-2018, now MiCA-regulated.
Definition
An ICO is the typical structure for raising funds through a token sale, where the issuer sells tokens directly to investors. Predominant in 2017-2018 fundraising cycle; since regulated under MiCA Title II/III/IV depending on token classification.