Initial Exchange Offering is the new method of fundraising where companies can directly list their tokens in the Exchange after the token creation process. Contrary to Initial Coin Offerings (ICOs), an IEO is administered by a crypto exchange on behalf of the company to raise funds with its newly issued tokens.
How it is Differs from ICO?
- Exchanges will screen the project before listing.
- Smart Contracts are managed by the Exchange itself.
- Fundraising is conducted at the Exchanges by utilizing the userbase of Exchanges.
- No need to manage the KYC/AML verification process