Understand the advantages of investing in cryptocurrency IEOs.
Initial Exchange Offerings (IEOs) are gaining popularity among investors, project teams, and cryptocurrency exchanges. IEOs were first launched in 2017, named Bread and Gifto, and only took off in 2019. Understandable, as IEOs and cryptocurrencies were a new concept in 2017. The demand for IEOs considerably grew as they represented a radical shift from the outdated ICO model. Many cryptocurrencies are following the demand and launching their own IEO launchpads to attract new projects and raise funds.
From an investor’s point of view, IEOs are a safer way to invest in digital tokens. ICOs witnessed several scams in 2017 along with a lack of trust as investors couldn’t predict if the project will work after the launch. That’s one of the biggest advantages of IEOs, trust!
Unlike ICOs, IEOs are sold only to the users of the exchange which is selling the specific IEO. These cryptocurrency exchanges screen each project that wants to launch a IEO on its platform. After analyzing the whitepapers, marketing, product status, and tokenomics, if the project fares promising enough, IEOs are listed.