Initial Exchange Offerings (IEOs) — An evolution of ICOs
It is an even new funding model called the Initial Exchange Offering . The enable the crypto projects' IEOs to fundraise Directly on digital is Exchanges by themselves the which is why for They're Generating SO much the buzz lately.
There is a possibility that the ICO will be able to complete the project; offering a safe playing field for investors and crypto project developers.
T of He the crowdfunding models The have the seen a fair this content share of innovation since online payment applications Became Easily accessible Template. Bitcoin enabled sending money across the world cheaper & faster; for the frontiers of new opening to innovators of kick-start Their business in Exchange for token rewards . Initial Coin Offering or ICO.
The enable projects' to ICOS the raise money from the Investors, the which Usually an expect the Appreciation in price of the tokens for They the get in lieu of Their investment. The investment decision, which is usually expressed in a Whitepaper. Cryptocurrency investors often look at the following factors before
Team Size, Advisers, Whitepaper, Marketing Efforts (Facebook, Telegram, Twitter, LinkedIn, Reddit, Medium among others), Funding Cap, Project Location, Project Sector
He made a decision to make a good online reputation. During the year 2017, it was in 2018, it was in 2018, it was 138, it was approved. cointelegraph. ICO Market is not dead, yet.
Is natural for It an the ICO project to the try to list Their token on an Exchange soon's the after an the ICO concludes. ICOBox is a bitcoin (ICT) for a basic package that provides a support for IDAX charges around 20 BTC The fee may depend on the project conditions, the exchange and the market conditions.
It has been noted that there has been a crackdown on regulatory agencies. one of which is known as the Initial Exchange Offering or IEO. An IEO is essentially an ICO as a platform offered by an exchange; where is a token issuer (ICO project)
It was a number of minor correlations.
According to CoinMarketCap: Binance, one of the biggest cryptocurrency exchange (by trading volume) saw an overall decrease from a monthly US $3.5 billion in March 2018 to US $1.5 billion - 0.6 billion in February 2019 (in trading volume) and this trend is synonymous with most exchanges. So it makes sense for the exchanges to offer their exchange as a platform for ICO to quick-start liquidity, therefore paving way for a healthier market.
Among the top 10 exchanges Binance, LBANK and Coinbene currently offer IEO as a platform. Binance, through Binance Labs and Launchpadcarefully select projects that they want to be involved with. Their IEO platform dates back to December 2017, when they supported Gifto Officialand helped them raise US $3.4 million. Bread, BitTorrent Inc. and Fetch.AIare some of the other projects that Binance supported while successfully raising US $6 million, US $7.2 million and US $6 million respectively. Fetch.AIsale raised US $6 million in 22 seconds, even faster than a few minutes it took to distribute BitTorrent. Celer Network recently raised US $4 Million though Binance, after previously raising US $30 Million.
Dobi supporting BNOW, UPbit_official connected Allbit Exchange supporting VANTA Network, Coinis supporting REMIIT are few examples that Exchanges have come out in support of good projects which are compliant with applicable laws and have a legitimate business plan. Be sure to check out Liquid, CoinTiger and Bitmeta, ExMarkets.com, Coineal, ProBit Exchangeamong others for IEO support.
ICObench has also added support for IEO listings. On March 11th, 2019 - Bittrex International announced the launch of RAID’s XRD Token and the project was set to raise US $6 million through the IEO. Unfortunately due to certain partnership issues, the IEO was cancelled a few hours before it was set to launch. But the signs are clear, IEOs are becoming a thing!
Of course the token issuers (ICO Projects) will have to bear heavy cost for getting themselves endorsed by an exchange which, in turn, have to put their reputation on line for the project. For the investors, it is easier to invest when an exchange is endorsing a project. Although, they have to go through the KYC process of every IEO they want to be a part of and that can be a deciding factor for many investors. An exchange platform is far more secure than a ICO project’s website and security is something an ICO project must consider before going for crowdfunding.
IEO brings a new fundraising option, building over the ICOs. If you’re looking for a project, it will be interesting to watch. What is the potential ICO?
There are so many things that a company need to do in order to make a successful IEO. If you are considering an IEO for your cryptocurrency project, you probably have some questions about how to market…
The data shows that Binance has, by far, the highest average USD return on IEOs across the examined exchanges while Bittrex has the lowest (and negative) USD return