CryptoURANUS Economics: Initial Bounty Offering [IBO]: Defined in CryptoCurrency

CryptoCurrencies


Tuesday, August 7, 2018

Initial Bounty Offering [IBO]: Defined in CryptoCurrency

Initial Bounty Offering [IBO]: Defined in CryptoCurrency


An Initial Bounty Offering or IBO is the limited-time process by which a new cryptocurrency is made public and distributed to people who invest their skills and time to earn rewards in the new cryptocurrency. 


Unlike an Initial Coin Offering where the coins are sold, an IBO requires more mental commitment.

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