JUNO DEFINITIONS - I

 

ICO: An Initial Coin Offering or ICO is a lot like an Initial Public Offering (IPO), but instead of shares in the new business being offered for cash, new ‘coins’ or ‘tokens’ in a new type of currency are issued in exchange for cash or other forms of virtual currency.

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Inflation: An increase in the price of goods and services, and a fall in the purchasing value of money.

 

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