What is Initial Token Offering (ITO)?
Let's find out Initial Token Offering (ITO) meaning, definition in crypto, what is Initial Token Offering (ITO), and all other detailed facts.
Initial Token Offering (ITO) describes a type of event whose main purpose is to raise funds for a cryptocurrency project.
ITOs and initial coin offerings (ICOs) are two terms that are often used interchangeably. While they’re similar, there are a few differences that set ITOs apart from ICOs.
Unlike ICOs where the crowdfunding process is aimed at cryptocurrencies, ITOs prioritize offering tokens that have intrinsic utility. For instance, investors receive access to a specific platform through a subscription where token holders are able to take advantage of exclusive features.
Essentially, ITOs have a lot more in common with tokenization than crowdfunding since coins are tokens are not the same. While both coins and tokens are part of the cryptocurrency bubble, tokens mostly operate on an existing blockchain based on the ERC-20 standard while coins operate on their own independent blockchains like Bitcoin, Ethereum, and XRP.
Initial coin offerings became a controversial topic after some projects turned out to be scams. Moreover, some of the projects that implemented ICOs crashed soon after launching. It’s slowly becoming less and less common in the cryptocurrency world.
Though ISPO has one major difference from other similar models, which require investors to buy, <strong>sell<\/strong>, or trade one token in order to purchase and stake project-specific tokens. The difference is that with the <strong>ISPO model users can utilize the ADA tokens they already own<\/strong>. Besides, users stake ADA tokens in the staking pool of the project in order to earn the project’s native tokens as a reward, instead of staking these tokens in the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)<\/strong><\/a> ecosystem of Cardano.<\/p>\n<p>An ISPO is more secure for investors than <strong>other funding choices<\/strong>. It's less risky because users are just giving up their ADA rewards in exchange for project-specific rewards. Though the staked ADA is theirs, and it remains in their <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-non-custodial/">non-custodial wallets.<\/p>\n<p>In addition, in an ISPO, there is no lock-in period. Users not only have complete control over their assets, but they also have the freedom to use their ADA any way they want. This includes <strong>selling<\/strong>, trading, unstaking, using ADA to buy <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">NFTs, and everything else you can do with these tokens.<\/p>\n<h3>How Does an ISPO Work?<\/h3>\n<p>Generally, PoS consensus mechanism is used in the stake pools of Cardano. Therefore, <strong>transactions<\/strong> and the production of new blocks are verified by network <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-validator/">validators. These validators are stake pools or nodes that provide <strong>delegators (users) <\/strong>with the ability to stake their funds.<\/p>\n<p>The networks, with the assistance of the Ouroboros protocol, choose staking pools that have the biggest amount of stakes to distribute<strong> rewards to validators<\/strong>. Validator rewards in the form of ADA are shared among the delegators of the successful staking pool based on the amount of ADA staked by each user after each <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-epoch/">epoch (which lasts five days in Cardano).<\/p>\n<p>With the ISPO model, delegators stake their ADA in staking pools created by project developers. The staking pool with the largest stakes becomes a validator node in a block, eventually contributing to the Cardano network's consensus.<\/p>\n<p>Though users who stake their ADA tokens in these pools do not receive ADA rewards. They are compensated in the project's native token instead of ADA. The <strong>rewards<\/strong>, which would normally be distributed among the delegators, are delivered to the operator of the validator node.<\/p>","definition":"a cryptocurrency fundraising tool that is only available in the Cardano ecosystem.","status":"published","meta_title":"What is Initial Stake Pool Offering (ISPO)? Definition & Meaning | Crypto Wiki","meta_description":"Initial Stake Pool Offering (ISPO) meaning: Initial Stake Pool Offering (ISPO) - a cryptocurrency fundraising tool that is only available in the Cardano ecosystem.","meta_keywords":null}" :model="{"id":468,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Initial_coin_offering","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-13T05:04:58.000000Z","slug":"what-is-initial-token-offering-ito","title":"What is Initial Token Offering (ITO)?","section":"I","keyword":"Initial Token Offering (ITO)","content":"<p><strong>Initial Token Offering (ITO)<\/strong> describes a type of <strong>event whose main purpose is to raise funds for a cryptocurrency project<\/strong>.<\/p>\n<p>ITOs and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">initial coin offerings (ICOs)<\/strong><\/a> are two terms that are often used interchangeably. While they’re similar, there are a few differences that set ITOs apart from ICOs.<\/p>\n<p>Unlike ICOs where the crowdfunding process is aimed at cryptocurrencies, <strong>ITOs prioritize offering tokens that have intrinsic utility<\/strong>. For instance, investors receive access to a specific platform through a subscription where token holders are able to take advantage of exclusive features. <\/p>\n<p>Essentially, ITOs have a lot more in common with tokenization than crowdfunding since coins are tokens are not the same. While both coins and tokens are part of the cryptocurrency bubble, tokens mostly operate on an existing blockchain based on the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 standard while coins operate on their own independent blockchains like <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum, and XRP.<\/p>\n<p>Initial coin offerings became a controversial topic after some projects turned out to be scams. Moreover, some of the projects that implemented ICOs crashed soon after launching. It’s slowly becoming less and less common in the cryptocurrency world.<\/p>","definition":"is the use of tokens to raise capital in the crypto sector.","status":"published","meta_title":"What is Initial Token Offering (ITO)? Definition & Meaning | Crypto Wiki","meta_description":"Initial Token Offering (ITO) meaning: Initial Token Offering (ITO) - is the use of tokens to raise capital in the crypto sector.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? 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