Browsing Concept: IOU

IOU means, literally, “I owe you”. It’s a debt acknowledgement. It’s more informal than a check or promisory note. IOU’s are often used to trade cryptocurrencies before they’re listed on large exchanges.

One publication found under IOU
ELI5 AVAX IOU? Is it the real AVAX coin?
November 2020 Update As of November 18, AVAX price has remained remarkably stable - for cryptocurrency standards. Chart via Binance Coincost shows the AVAX IOU slowly dep...