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About IEO

The traditional medium for funding blockchain startups has always been the Initial coin offering (ICO). Where the founders trade newly minted tokens in exchange for a specified cryptocurrency, the most common till date is Ethereum (ETH). There is usually a smart contract governing the ICO process, depending on set of rules that the startup has set prior the fundraising activity. ICO’s have had some scamming incidents in the past, where investors are deceived into sending crypto currencies to parties not involved with the ICO, sending currencies to the wrong wallets and worse, where the founders have disappeared with the investor’s funds. According to a study by the Satis Group, over 75% of ICO’s were labelled as “identified scams”, where the parties behind the coins never had the intention of using the funds for a real project. Naturally a lot of trust issues arose which seems to scare investors away from ICO’s, these are some of the concerns which led to the creation of the initial exchange offering (IEO). An IEO is a fundraising event administered on a cryptocurrency exchange platform. The exchange acts as a counterparty between the investor and the parties hoping to raise funds, the founders mint new tokens and sends them to the exchange for funding. They include terms of trade like capping individual contributions and having a fixed price per token. The exchange will assess the project for potential, and that all parties that may have a significant influence on its profitability or success have not withdrawn their support. The exchange may decide not to facilitate the IEO if there have been significant changes to that effect. However one has to weigh the need for the exchange to make money against how much it values its reputation, as some exchanges might stil list IEOs that are less legit for the sake of making profit on the IEO listing process. The investor who would like to take part in an initial exchange offering (IEO) will need to set up an account with the exchange. The exchange will perform the necessary personal information checks, and perform KYC and AML checks on the investor. After registration, the investor will need to fund the newly opened account with cryptocurrency or FIAT. Prior the start of an IEO, the exchange is presenting to its existing user base, as well to the public, the terms of the upcoming IEO, including the IEO price, IEO start date and the IEO end date. Different IEO Launchpads use different currencies, therefore the investor may need to hold more than one currency in the account if they intend to participate in multiple offerings. The funds in the account will be used to purchase the newly minted coins.

The purpose of this IEO list

As IEOs continue to grow in popularity, it has become increasingly difficult to keep track of them. This IEO list collects ongoing and upcoming IEOs in one convenient place. It can allow potential investors to determine which projects seem promising, and which platforms appear to be launching the best IEOs, or the most IEOs. Investors should see our IEO list as a springboard for their own research. As always, we encourage everyone to do their own due diligence. Take the information collected here and use it as the starting point for investigating further before making an investment. Familiarize yourself with the IEO and the platform launching it. For more information, you can visit our exchange list where we have rated many of the top cryptocurrency exchanges. IEOs aim to be more reliable than ICOs, but the community would do well to remember that at the end of the day, exchanges are out to make money and may launch an IEO on that basis alone, rather than on any merit in the team or project. As with ICOs and STOs, if it seems too good to be true, it probably is! You should judge an IEO by the same criteria you would apply to any other investment opportunity: Is there a good team behind the project? Is the idea viable? Is there a market for the idea? Do the tokenomics make sense? Much of the advice found in our guides on spotting ICO scams will also help you weed out the bad actors in the IEO space.