What is Initial Exchange Offering (IEO)

An Initial Exchange Offering, ordinarily alluded to as an IEO, is a raising money occasion that is controlled by an exchange. As opposed to an Initial Coin Offering (ICO) where the task group themselves lead the raising support, an Initial Exchange Offering implies that the gathering pledges will be led on a notable exchanges raising money platforms, like Binance Launchpad, where clients can buy tokens with funds straightforwardly from their own exchange wallet.

What is Initial Exchange Offering (IEO)

The ICO fever in 2017 ended up being an exceptionally high-risk climate for people needing to take an interest in new blockchain project token deliveries, from coincidentally sending funds to some unacceptable wallet, or some project groups slipping away with funds.

What are the Benefits of an IEO?

For a client, an IEO is not difficult to take part in as they dont need to oversee on-chain exchanges with various wallets on various blockchains. All things being equal, a client just necessities a account on the exchange and a few funds in their record and can partake totally through the confided in sites interface. Furthermore, the exchange is staking its standing behind the undertakings on its foundation, offering a more serious level of trust behind the project .

For a venture hoping to raise funds, an IEO offers the guarantee of a prompt userbase that can see their item, and relying upon the size of the exchanges crowd, could imply that the project can diminish their external marketing pipes for fundraising, permitting them to improvement of their item.

If you anticipate taking part on an IEO on Binance Launchpad, it is suggested that you read through the whole Binance Research report for the particular token you wish to buy.