Remember ICO fashion? There was not a day that a project launching an ICO or primary appeared in the news offer of coins. Of course, many of them were successful. But over time, scammers got into the space, and users stopped believing in ICOs. It was then that the first IEOs were launched.
What is IEO?
IEO or the Initial Exchange Offering takes the concept of ICO and develops it further. Instead of presenting the project as a random crypto / blockchain team, the proposal is offered through a cryptocurrency exchange.
But why would someone trust IEO afterconsequences of ICO? Answer: because IEO uses the reputation of the exchange. No exchange operator will want to tarnish its reputation due to IEO fraudulent project. Therefore, people tend to feel more secure when participating in IEO.
Do not think that exchanges do this on their ownkindness - projects pay for this to exchange operators. In addition, a new token is being listed on the platform at the same time, which was not available at that time in other places.
Which exchanges offer IEO?
Now consider the venues of IEO. Of course, these are exchanges, but not everyone can act as a guarantor, since the necessary resources and reputation are necessary. Below are just some of the platforms that run IEO:
It's hard to talk about IEO without mentioningBinance’s large and popular exchange, in particular about the platform known as the Binance Launchpad. Binance is positioning itself as one of the first platforms on which a number of successful IEOs were held in 2019. BitTorrent and Fetch.AI are among these projects. In fact, many of the first projects were successful, and brought big profits to interested parties.
At the same time, more and more people are interestedthis niche. But today, Binance is not so good for those who want to participate, and success in participating in IEO is not guaranteed. In addition, the site has restrictions on member countries. Thus, participation is prohibited to citizens of Belarus, the Democratic Republic of the Congo, Cuba, Iraq, Iran, China, North Korea, Sudan, Syria, the United States and Zimbabwe.
KuCoin is not new to IEO. The exchange launched its own IEO KuCoin Spotlight platform. To date, only 5 IEOs have been conducted on it. The last few months have passed.
Since the platform is one of the largestplayers in the market, the sale of tokens usually ends in a matter of seconds. This indicates interest in IEO. Thanks to the abundant offer of KuCoin cryptocurrencies, namely altcoins, new tokens are quickly gaining demand among its users. KuCoin is another good option for those who want to participate in IEO.
NEXT.exchange is a relatively new bidder with a clear advantage as a decentralized exchange. Decentralization is an important component of the blockchain, so the launch of the NEXT.genesis platform is intriguing.
So far, only one IEO has been conducted at the site. But most likely this is only the beginning. You should also pay attention to the fact that IEO was created with the aim of selling its own token. More information can be obtained directly from the IEO website.
Finally, consider the OKEx IEO platform. To date, about 9 projects have been conducted at IEEx Jumpstart with IEO. One of the aspects that OKEx pays special attention to is honesty and openness. In order to guarantee, the platform has made several significant changes to the rules of participation. One of the most recent and significant changes to OKEx regarding its Jumpstart platform is a change in membership requirements.
There is also a distribution of OKTraders privileges when implementing tokens. This helps those who actively participate in OKEx receive an award for their commitment.
Should I take part in IEO?
This is by no means a complete list, but Binance, KuCoin and OKEx have occupied a significant part of the IEO market.
If you are interested in acceptingparticipation in IEO, be sure to do your own research. With the speed with which sales are conducted, you most likely will not have too much chance.