Short for “Pi Initial Coin Offering.” A startup by mathepreneurs, who aim to raise at least $3.14 million in exchange for pi tokens or PiCoins to help eradicate innumeracy in the developing world—their mission is to sponsor math educators-volunteers to help raise the quantitative literacy of millions of people in poorer countries.
Unlike a Pi IPO, which normally involves lots of checks or red tape, raising funds via a Pi ICO bypasses all of this—a relatively easier and cheaper way of raising money to improve the mathematical proficiency of poor communities worldwide faster.
by Fasters March 27, 2022