Remember the fashion for ICOs? Not a day went by without a project launching an ICO or primary being in the news.coin supply. Of course, many of them were successful. But over time, scammers entered the space, and users stopped believing in ICOs. It was then that the first IEOs were launched.
What is IEO?
IEO or Initial Exchange Offering takes the ICO concept and develops it further. Instead of a project being submitted by a random crypto/blockchain team, the proposal is offered through a cryptocurrency exchange.
But why would anyone trust IEO?after the consequences of the ICO? Answer: because IEO uses the reputation of the exchange. No exchange operator would want to tarnish their reputation because of a fraudulent IEO project. Therefore, people tend to feel safer taking part in IEOs.
Don't think that exchanges do this on their ownkindness, – projects pay exchange operators for this. In addition, at the same time, a new token is being listed on the platform, 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:
Binance
It's difficult to talk about IEO without mentioning the IEO itself.the large and popular exchange Binance, in particular about the platform known as Binance Launchpad. Binance positions itself as one of the first platforms to host a number of successful IEOs in 2019. BitTorrent and Fetch.AI – among such projects. In fact, many of the early projects were successful and brought great profits to the stakeholders.
At the same time, more and more people are interested inthis niche. But today Binance is not so good for those who want to participate, and success after participating in the IEO is not guaranteed. In addition, the site has restrictions on participating countries. Thus, participation is prohibited for citizens of Belarus, the Democratic Republic of the Congo, Cuba, Iraq, Iran, China, North Korea, Sudan, Syria, the USA and Zimbabwe.
KuCoin
KuCoin is no stranger to IEOs. The exchange launched its own IEO platform, KuCoin Spotlight. To date, only 5 IEOs have been conducted on it. The last one was a few months ago.
Since the platform is one of the largestplayers on the market, the token sale usually ends in a matter of seconds. This indicates interest in IEOs. Thanks to KuCoin's abundant supply of cryptocurrencies, namely altcoins, new tokens are quickly gaining demand among its users. KuCoin – Another good option for those who want to participate in the IEO.
NEXT
NEXT.exchange is a relatively new contender with a clear advantage as a decentralized exchange. Decentralization – This is an important component of the blockchain, so the launch of the NEXT.genesis platform is intriguing.
So far, only one IEO has been held on the site.But most likely this is just the beginning. It should also be noted that the IEO was created for the purpose of selling its own token. More information can be obtained directly on the IEO website.
OKEx
Finally, let's look at the OKEx IEO platform.To date, about 9 projects have conducted IEOs on OKEx Jumpstart. One of the aspects that OKEx pays special attention to is – it's honesty and openness. For the purpose of guarantees, the platform has made several significant changes to the rules of participation. In one of OKEx's most recent and significant changes to its Jumpstart platform – changes in requirements for participants.
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 takingWhen participating in an IEO, be sure to do your own research. With the speed at which sales are happening, you probably won't have much of a chance.
