IEO Viral

IEO Viral

Tired of bitcoin technical analysis, high-profile support from prominent crypto evangelists, repeated touches on regulatory clarity and reports claiming fake trading amount among top crypto exchanges? They are far less phenomenal and controversial than the single MC we are going to talk today - IEO, AKA Initial Exchange Offering, a concept so attractive as a bonfire against the darkness cast over the bear market. And this time, will market be followed by altseason and the long-awaited bull market?

Initial Exchange Offering

At the time of writing, Wikipedia hasn’t got a page chronicling or breaking down IEO. Simply (maybe not) put, IEO revolves around an exchange issuing the token reservoir sent by the project (theoretically, a strict background investigation would be conducted by the exchange prior to it) in the newly released exchange-token trading zone to facilitate its public offering. Compared with ICO, IEO projects are largely endorsed by the crypto exchange and its platform token, users come to be face-to-face with token minted by the project and get it work in no time. As bulk of crypto traders have at least one exchange account, the process of registration and buying exchange tokens can be jumped over with ease. At the primary stage, IEO exchanges ensure projects of cash flow and hand them to the secondary market for market orders. Then what about the issue price? It is a) confirmed by the crypto exchange and the project and b) set against a mainstream crypto (like USDT) or exchange token. 

Thus the “dead or alive” correlation between projects and the single exchange come under the spotlight. From the POV of an outsider, risks of an unknown ICO transfer from contributors to the exchange, necessitating a strong-than-ever vetting for the projects. A challenge tests the strength, resources, profession, industry analysis, risk control and foresight of an exchange. Though cases are rare, it is Yes-ed that phishing and hacks are nowhere to be found. For IEO projects, the traffic a prominent exchange brings is something overwhelmingly tasty. They will sink or swim together.

Back to its origin, this concept flow of IEO is a repeated one. In 2017, the exchange transaction-driven mining and first wave of IEO splashed the market and faded. This time, after an extended pondering, IEO was rekindled by TOP exchanges. Why now? One assumption goes to the fading of speculation demand which builds market confidence and grabs institutional focus. Educated crypto traders start to look into the dizzy market display and assess the exact value of a specific project. New model? No one gets hilarious about that. Value is the only thing that matters.

Something beyond IEO

IEO is a complicated version of coin/token listing for exchanges, it expands exchange token user cases in a new fashion. A self-marketing and a win-win deal. But can an exchange survive in one of the darkest frames of crypto history without IEO? Yes, but it all depends on its operation model, at the center of which lies coin/token listing philosophy. And this is what Coinyee holds. Market matures with exchanges and the latter present the public with promising projects, it’s an ecosystem. Whether it’s CT (Coinyee Token) or other exchange tokens and utility tokens, the stage is large and accentuated.

Return of value draws near and a new round of innovations will boom out of it. Coinyee, among other belief-driven crypto exchanges, will forge ahead and provide our users with promises and a future starred by more high-quality projects.

Find us at http://www.coinyee.pro