I’ve heard about ICOs, but recently I came across the term IEO. What is an IEO, and how does it differ from an ICO?
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An IEO, or Initial Exchange Offering, is a type of fundraising event that is managed by a cryptocurrency exchange on behalf of the startup that seeks to raise funds with its newly issued tokens. Unlike an ICO (Initial Coin Offering), where the project team conducts the fundraising themselves, an IEO provides the advantage of being associated with a known and established exchange platform. This association tends to lend greater credibility and security to the process, as the exchange vets the projects and manages the token sales. Investors participate by purchasing the tokens directly from the exchange, which can help mitigate some of the risks associated with fraudulent ICOs. For a more comprehensive understanding of IEOs and their benefits over traditional ICOs, you might find this article informative: https://paybis.com/blog/glossary/what-is-an-ieo/ It explains the process, benefits, and considerations for investors and project teams.