As it might please the public, 1irstcoin has  never had an IEO or ICO in the past and all progress made so far have been funds invested by the company. The main aim of the IEO project is intended to serve a broader diversification of our tokens, as well as the refinancing of new and old projects. See attached the Whitepaper and the summary on the initial post made for further clarifications with respect to the old and new projects.