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Quote from: cryplion on July 29, 2019, 06:35:04 PM

I am new to crypto world, can someone knowledge me what is IEO?

IEO and ICO are somewhat the same with few differences; that is, both are used for generation of funds so the team can proceed with developing their platform. However, where ICO is managed by the team thus being prone to various fraudulent activities, IEO on the other hand is managed by exchanges thus removing any iota of fraudulent activities. Owing to this fact about IEO, it succeeded in replacing ICO.

Indeed, ICO is taken care of more by the developer team so that the potential of the team to fetch funds is huge while in IEO, the proceeds from the sale of tokens are stored by exchangers and the listing process is fast. Indeed for investors, IEO offers security because the exchanger has verified the project and the existence of its team

The main source of income for cryptocurrency exchanges are commissions received from customer transactions. Therefore, crypto exchanges are constantly competing with each other, coming up with new ways to attract as many users to their site as possible. And at the moment, IEO is one of the most effective business models that increase the profit and value of the exchange in the eyes of potential investors.