Initial Exchange Offering (IEO) and its Benefits
An Initial Exchange Offering , as its name suggests, is conducted on the Platform of a Cryptocurrency Exchange. Contrary to initial Coin Offerings (ICOs), an IEO is administered by a crypto exchange on behalf of the startup that seeks to raise funds with its newly issued tokens. As a token sale is conducted on the exchange‘s platform, token issuers have to pay a listing fee along with a percentage of the tokens sold during the IEO.In return, the tokens of the crypto startups are sold on the exchanges platforms, and their coins are listed after the IEO is over. As the Cryptocurrency exchange takes percentage of the tokens sold by the startup, the exchange is incentivized to help with the tokens sold by the startup; the exchange is incentivized to help with the token issuers Marketing Operations. How to Participate in an IEO? · Generally, the steps to participate in an IEO begin with checking if the project you are intending to cr...