Definition ∞ A trustless token sale is a method for distributing new digital tokens that utilizes smart contracts to automatically execute sale conditions without requiring a central intermediary. This approach relies on the immutable code of the smart contract rather than human trust. It ensures transparent execution.
Context ∞ The evolution of fundraising mechanisms in the blockchain space has seen trustless token sales emerge as a transparent and auditable alternative to traditional methods. This aligns with the decentralized ethos of the digital asset economy, offering enhanced security and verifiable transaction logic for participants.
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