Top Upcoming IEOs for 2023
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Cryptocurrencies amplifying popularity is gradually pushing the industry to opt for a more secure ecosystem. For example, Initial Coin Offering (ICO) which was considered a risk-bearing investment is gradually being replaced by Initial Exchange Offerings (IEO).
Potential investors can purchase tokens during the fundraising phase with money directly from their exchange wallets thanks to the Initial Exchange Offering (IEO).
IEOs first appeared in January 2019 with the launch of Binance Launchpad’s BitTorrent Token (BTT). Interestingly, within 15 minutes of its release, the initial offering raised over $7.1 M in funding. In this article, we are taking a deep dive into the world of Initial Exchange Offering (IEO). Let’s first start by understanding exactly what an Initial Exchange Offering (IEO) is.
What is IEO?
The Initial Exchange Offering (IEO) is a way for blockchain projects to raise funding by offering utility tokens on a crypto exchange platform. Unlike ICOs, in which organizations sell tokens to investors directly, IEOs include the participation of a trusted exchange that handles the token sale.
IEO offers a range of benefits to investors. They gain confidence from the association with trusted platforms, while projects receive extensive assistance and exposure to a large user base. Participating in an IEO is easier and more user-friendly than participating in a traditional ICO. Though IEO has a lot of positive sides, there are also negatives, including listing costs and possible risks from exchanges that do not do appropriate due diligence.
Read More: Crypto LaunchPad: What is it? How does it Work and Types of Crypto LaunchPads?
Top 10 upcoming IEOs
We have noted down some of the great projects making their way through Initial Exchange Offering (IEO) that may be worth investing in. Have a look.
- Cyber Connect
- ViciNFT Token
- Coorest
- Quantum Hunter
The post Top Upcoming IEOs for 2023 appeared first on CoinGape.
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Top Upcoming IEOs for 2023
Share:
Cryptocurrencies amplifying popularity is gradually pushing the industry to opt for a more secure ecosystem. For example, Initial Coin Offering (ICO) which was considered a risk-bearing investment is gradually being replaced by Initial Exchange Offerings (IEO).
Potential investors can purchase tokens during the fundraising phase with money directly from their exchange wallets thanks to the Initial Exchange Offering (IEO).
IEOs first appeared in January 2019 with the launch of Binance Launchpad’s BitTorrent Token (BTT). Interestingly, within 15 minutes of its release, the initial offering raised over $7.1 M in funding. In this article, we are taking a deep dive into the world of Initial Exchange Offering (IEO). Let’s first start by understanding exactly what an Initial Exchange Offering (IEO) is.
What is IEO?
The Initial Exchange Offering (IEO) is a way for blockchain projects to raise funding by offering utility tokens on a crypto exchange platform. Unlike ICOs, in which organizations sell tokens to investors directly, IEOs include the participation of a trusted exchange that handles the token sale.
IEO offers a range of benefits to investors. They gain confidence from the association with trusted platforms, while projects receive extensive assistance and exposure to a large user base. Participating in an IEO is easier and more user-friendly than participating in a traditional ICO. Though IEO has a lot of positive sides, there are also negatives, including listing costs and possible risks from exchanges that do not do appropriate due diligence.
Read More: Crypto LaunchPad: What is it? How does it Work and Types of Crypto LaunchPads?
Top 10 upcoming IEOs
We have noted down some of the great projects making their way through Initial Exchange Offering (IEO) that may be worth investing in. Have a look.
- Cyber Connect
- ViciNFT Token
- Coorest
- Quantum Hunter
The post Top Upcoming IEOs for 2023 appeared first on CoinGape.
Read More
XRP sentiment has collapsed, but a “Fear Zone” signal hints that retail sellers are making a costly error