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 The demand for IEOs considerably grew as they represented a radical shift from the outdated ICO model.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.
Top Cryptocurrency IEOs in the Market
1. FOHO Coin
FOHO Coin is set to revolutionize the crypto world by converging cryptocurrency technology and real estate. As a company, FOHO aims to build a transparent fractional ownership marketplace that uses crowd wisdom to discover deals, hold sellers and property managers accountable and manage the income disbursal for real estate assets. This utility is built on a trust-incentivized system. FOHO Coin is the “lifeblood” of the same ecosystem and acts as the first step for those who want to enter this ecosystem. To disrupt the real estate and technology sector, FOHO Coin is expected to launch its IEO on the Ascent by Bitbns Launchpad on the 27th of July 2021.
Torum is a social media platform that works with cryptocurrencies. It is designed in such a way that it forms a connected and comprehensive ecosystem for all cryptocurrency enthusiasts around the world. In the long run, Torum aims to become a central social gathering space of the crypto sector, and Torum’s token, XTM which is built on Binance Smart Chain, forms the backbone of this ecosystem.
NEXCO is a decentralized platform for trading cryptocurrencies. It is a system that connects all the main exchange platforms with a safe and beginner-friendly system. An investor can trade in real-time with all the crypto exchanges on one platform. Its token, NXC, leverages this ambitious platform with a total supply of 5 billion tokens. This IEO can be purchased on IndoEx.
Blockster connects crypto entrepreneurs, investors, crypto traders, holders, bloggers, and project owners in one place. Users can get a load of the latest news, stories, and reviews about trending cryptocurrencies and blockchain trends, explained by industry experts and thought leaders. The BXR token runs the show where users can advertise on the platform using the token and stake it to benefit from revenue-sharing rewards. Its IEO is open till 12th October 2021.
5. BlackFort Wallet
BlackFort is a cryptocurrency wallet that vouches for privacy and safety. This wallet can be stored offline and allows users to swap between one cryptocurrency for another. Several crypto-assets can be accessed via BlackFort Wallet which can be bought with a credit card for a faster process. This system runs on the BXF token and the IEO for that is open till 1st January 2022.
Credits: Analytics Insight: hCredits: Analytics Insight: https://www.analyticsinsight.net/top-cryptocurrency-ieos-to-look-out-for-in-2021/