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Programmatic Sales Precedent

Definition

Programmatic sales precedent refers to prior instances where digital assets were sold automatically through code, without direct human intervention, typically as part of an initial coin offering (ICO) or token distribution event. These sales establish a historical pattern of how certain types of token offerings have been conducted and perceived by regulators and the market. Such precedents can influence future legal interpretations and regulatory guidance regarding new token sales. It informs future market practices.