How To build an Initial Exchange Offering (IEO)
An Initial Exchange Offering is a method for companies to raise funds. It is different from other crowdfunding mechanisms. It is managed by a cryptocurrency exchange rather than the issuing company. Initial Exchange Offering was Instantly launched as ICO 2.0 in the Market. The mechanism behind the Development and launching of IEO is Related to that of ICO.
The difference between ICOs and IEO’s lies in the fact that, unlike ICOs which are launched on the startups, IEO’s are launched on the cryptocurrency exchange’s platform listing.
How To build an IEO:
- The building process of an IEO and raising funds is Initially similar to that ICO.
- Take a lead by starting with the development of the whitepaper highlighting the purpose of your offering.
- Create a crypto token to set the base of the entire offering part of the IEO.
- Starting from marketing to running the entire campaign will now be the authority of the IEO.
Advantage OF IEO:
- The fact that the issuers are not required to show extra effort and money proves to be the prime advantage of IEO over ICO.
- The token issuers will be able to take the proper service of a wide customer base that the exchanges will be already having. * * This expands their scope of making their project reach more people.
- The exchange will effectively take care of the whole KYC and AML of the issuers.
- In the case of IEO, the inventors send tokens to the exchange, which in return sells the token to the issuers through their particular platform at some specific price.
- The IEO platforms operate within an organised legal structure that protects the startups from each and every negative consequence.
We have discussed the advantages of an Initial Exchange Offering (IEO). Now, if you are willing to raise funds using IEO, you will require a team of expert blockchain developers to guide you. Also, you may have to work on the technical part and the business part. You can hire a trustworthy IEO development company. Out of the many companies in the market, a blockchain development company got my attention. Zab technologies, a prominent IEO development company that offers the best end to end IEO development services.
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