Finance News
By Steven Anderson
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Initial Exchange Offering is the next trend in the cryptocurrency space. This is not new. Exchanges like Bittrex, Binance, and OKEX are already into IEO.
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Bitfinex will be launching its first token on Initial Exchange Offering (IEO). The sale is scheduled to start on June 13, 2019, and it is likely to end when it touches upon…
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IEO is, in reality, a variant of ICO. However, some of them think that it is a better version of ICO. IEOs are specific about exchanges.
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While several investors are skeptical about ICOs, many feel that a whitepaper is all needed to bring in investors into ICOs. Regulators are not in favor of ICOs either.
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IEO is considered to be more trustworthy because the exchange which launches the IEO monitors the process by being an administrator.
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With IEO, the sense of risk is lower than ICOs, and that is sufficient reason to bring in more investors.
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Investors need to ensure that they are working with well-known exchanges as opposed to working with exchanges that are half known.
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Several blockchain experts are against the IEOs for the fundamental reason that it is against the core idea of decentralization.
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Mike Chen, CEO of STP, stated in an announcement, “The cost-prohibitive nature of traditional funding methods has led to a rapidly increasing demand for solutions that simplify…
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