Initial Exchange Offering on Biconomy
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What is an IEO ?
IEOs are initial exchange offerings, and it may well be the new ICOs — but what makes this method of fundraising different?
Initial Coin Offerings have lost their appeal in recent years — instead, many crypto projects have started raising funds using an Initial Exchange Offerings.
Known as an IEO for short, this is where a cryptocurrency exchange oversees the token sale. The benefits are clear: blockchain projects go through a comprehensive vetting process where their white paper is scrutinized, and their crowdfunding drive will also get publicity.
Many investors tend to find IEO platforms more appealing because there's a greater level of due diligence than what's seen with an ICO.
