Public Sale

A funding round announced to the public and open to public participants, run as an ICO, IDO or IEO and settled before or at the token generation event.

TradFi parallel: Closest to the retail tranche of an IPO, minus the lockup discipline. The book is open to anyone, the price is fixed or auctioned, and in most cases the allocation is free to trade the day it lists.

Key Takeaways

01
Start with the definition: A funding round announced to the public and open to public participants, run as an ICO, IDO or IEO and settled before or at the token generation event.
02
Read the governing documentation before treating a label as a supply conclusion
03
Separate scheduled entitlement, contractual transferability, and actual circulating supply
04
Use dated on-chain or canonical data for any amount, percentage, or event date
05
A buyback, unlock, burn, or reward label does not by itself establish the net supply effect
06
Remove or qualify any project-specific conclusion that cannot be reproduced from a primary source

How It Works

A funding round announced to the public and open to public participants, run as an ICO, IDO or IEO and settled before or at the token generation event.

The label alone does not establish a token's current supply impact. To evaluate public sale, read the governing token documentation and contract rules, distinguish scheduled entitlement from tokens that are actually transferable or circulating, and use dated on-chain data for any quantity. Do not infer a burn, price effect, holder behavior, or release amount from the label alone.

When a claim depends on a figure, date, allocation, fee route, or prior market event, retain it only when the underlying primary document, governance record, contract state, or reproducible data snapshot is available. Otherwise state the mechanism generally and leave the project-specific conclusion out.