Sort:  

No, it's a token sale.
Going by your argument, any issuance of equity is an IPO.

Not all equity issuance takes the form of an IPO, which has a designated framework. Similarly, not all token sales have to follow the framework of an ICO.

ICO and IPO are the name of the first (or initial) issuance of tokens/shares. The first token sale is an ICO. The first public shares issuance is an IPO.

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.039
BTC 95566.16
ETH 3591.48
USDT 1.00
SBD 3.83