This point is purely semantic, but Peter Van Valkenburgh made a point on a Consensus panel the other day about the proper label for this and creating these three letter acronyms that sound like the term “IPO.” His statement was met with large applause at the event, which was:
“It’s like painting a target on yourself. Because, what does an organization like the SEC regulate? They regulate IPOs,” said Van Valkenburgh, referring to initial public offerings. “Why would you adopt the terminology of the regulator when you’re building a thing you hope they don’t regulate?”
I do agree that “coin” is an inaccurate term, but perhaps we can move away from the I_O format altogether? Initial token sale (ITS)? Token Trading Commencement (TTC)? I’m not the best at creating catchy acronyms, but I hope you understand my point on this that if we are re-defining the label, maybe we should move away from securities terminology altogether.