The origin story of origintrail (TRAC) appears to show funding in the form of ICO, crunchbase.com data metrics.
Initial coin offerings give a chance for people to buy the token before it is available for public trade on markets. Less decentralized than if the token had made no sales before being pushed to market.
augustBeyond Technical AnalysiscrunchbaseDATAINFOorigintrailsloveniaTRAC

Disclaimer