Many crypto projects are now raising funds by offering initial exchange offerings instead of initial coin offerings, An Initial Exchange Offering, or IEO, is a token sale handled by a cryptocurrency exchange.
The benefits are obvious: blockchain projects undergo a thorough vetting process, where their white papers are scrutinized, and their crowdfunding campaign will also be promoted.
There is a great deal more due diligence involved with IEO platforms compared to ICOs, which makes them more attractive to investors.
A good example is Binance Launchpad, a platform aimed at delivering innovation and bringing Initial Exchange Offerings to the crypto market. Since launch, the platform has helped more than a dozen blockchain projects raise capital.
The best part about IEOs are that you are one of the first investors in a project, you get tokens at a fixed price, after which it will be tradable on an exchange, which will lead to price surge with further developments of the project.
Few Ongoing IEOs
CMN (Crypto Media Network) on Probit
CMN token is backed by the Crypto Media Network, which is devoted to releasing accurate and unbiased news about cryptocurrency products and market trends. In our belief in a decentralized world, we want to educate the crypto community with deep analysis, charts, interviews, and coverage in the most transparent way possible.
Cyclos is a concentrated liquidity market maker protocol that aims to be the go-to liquidity provider for digital asset trading on Solana. Cyclos leverages the exponentially greater efficiency of Uniswap V3-style concentrated liquidity and combines it with the flexibility of Serum’s order books to radically transform the market making landscape of DeFi.’
FLURRY (FLURRY) on gate.io
Flurry is about enhancing the usability of DeFi. Users are not enjoying the benefits of DeFi products because of many negative user experiences. DeFi should be designed for everyone but not only for tech-savvys. Flurry aims to make the yield generation experience as simple and convenient for all users. Therefore, introducing rhotoken – a cross-chain token that will use its underlying stablecoins to generate yield farmed interest with lower fees and diversified risks.
What is the difference between ICOs and IEOs?
ICOs and IEOs are technically the same, but where a coin or token is offered makes a difference. In contrast to direct investment, IEO tokens are offered through an exchange partnered with the project, rather than directly to investors.
With a public ICO, anyone can participate, whereas with an IEO only the members of that exchange can purchase the tokens. As such, if you’re interested in a specific coin that’s due to be released, then you can join an exchange, so we’re not creating any barriers to entry for retail investors.
In some cases, an IEO might be easier to obtain than an ICO. Tokens do not need to be bought and stored using the specific steps of each ICO, but rather according to the standard procedure of that particular exchange. The exchange establishes the terms for purchase, so that the process is standard from one offering to the next.