ICOadm.in Announces IEO (Initial Exchange Offering) Technical Solution

ICOadm.in Announces IEO (Initial Exchange Offering) Technical Solution

Press Release (ePRNews.com) - MOSCOW - Mar 26, 2019 - ​The fast growth of IEOs is a testament to the fact that the community is welcoming the trust and security they are bringing into the equation for all the stakeholders involved. ICOadm.in has taken a great initiative to lead the industry with its innovative approach to implementing modular IEO technical solutions. Previously, ICOadm.in has successfully launched the ICO platform and later platform for STO launch.

​​​In 2018, ICOs helped raised a whopping 22 billion USD for the crypto market. They have been a great asset to the market so far. Helping countless projects get off the ground and get a good head-start, ICOs have helped empower the crypto space where it has become a real threat to the traditional banking industry. Banks and financial institutions of the world can no longer ignore the crypto industry or wish it away thanks to the capital raised through these ICOs.

However, there is a new way to raise capital for your tokens that has gained a lot of attention already over the past few months. Through this new process, instead of developers collecting contributions and issuing newly minted tokens, developers mint the project’s tokens and send them to an exchange which will then sell the tokens to contributors. This new approach is called Initial Exchange Offering (IEO) and it has introduced a fresh set of grounding factors to a traditional ICO that has piqued the interest of investors.

IEOs have a number of advantages over the traditional crowd sale ICO model. First and foremost, an IEO allows access to the existing user base of the exchange for the contributions into the project. Token issuers do not have to worry about the crowd sale security as the exchange is managing the IEO’s smart contract. The KYC/AML process is also handled by the crypto exchange as most service providers do KYC/AML on their customers after they create their accounts.

From the perspective of contributors, an IEO shows the exchange’s vote of confidence in the project. Exchanges wouldn’t offer a token as an IEO without doing their own due diligence and that breeds confidence for the onboarding investors. An IEO also streamlines the process of listing the token on the same exchange soon after.

However, IEOs’ fast growth rate has caught most of the well-known exchanges off guard and they haven’t had the time to prepare for it. The functionality for this offering has only been implemented in a very little percentage of the overall number of well-known exchanges. Even the exchanges that provided the IEO functionality had implemented it in a very limited form.

ICOadm.in, a company with a successfully launched ICO and STO platform, have shown resolve towards implementing the IEO platform in its true form. In fact, it is now considering integration with major exchanges as a module (integrator/partner) for launching an IEO solution. The proposed solution would help streamline the IEO market and connect new projects with exchanges in an easier and flexible way. Exchanges that are looking to host IEOs will be able to adopt the module by ICOadm.in and offer that functionality for token developers. A standardized procedure for IEO integration will also make it easier for investors to contribute to the project as they will be able to familiarize themselves with the process a lot easier as compared to having to learn about every exchange’s own unique implementation.

Source : ICOadm.in
Business Info :

CATEGORIES : Cryptocurrency


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