ICOs have revolutionized how entrepreneurs and businessmen viewed crowdfunding and generating capital for their projects and businesses. The growing number of ICOs denote the evolution of crowdfunding across the globe. But ICOs have created a bad reputation owing to scammers and fraudsters. Thus IEOs were introduced. In this article, we have put together a beginner’s guide to Initial Exchange Offerings and why one should approach an IEO Development Company for their crypto crowdfunding.
What is an IEO?
An Initial Exchange Offering is similar to that of an Initial Coin Offering, with a slight variation. An IEO is a crowdfunding initiative hosted by an exchange platform, that allows investors to purchase the new cryptocurrency launched by an organization to fund their project. The sale of the cryptocurrency is exclusive to the exchange and its registered members.