Dictionary

crowdsale en · NOUN

Etymology

From crowd + sale.

Meanings

1. (Internet) An online event where participants can purchase tokens in a cryptocurrency.
   • The most proven use case for smart contracts so far is custom tokens and crowdsales. 2018, Kedar Iyer, Building Games with Ethereum Smart Contracts:
   • The sale documents said that once the Ethereum blockchain launched and the premined ether was issued, miners would generate new ether initially at an annual rate of 26% of the amount of ether issued in the crowdsale – the issuance rate isn’t fixed and is capped at 18 million ETH minted per year. 2020 November 7, Camila Russo, “Sale of the Century: The Inside Story of Ethereum's 2014 Premine”, in CoinDesk, archived from the original on 17 Jun 2024:

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