Cryptocurrencies amplifying popularity is gradually pushing the industry to opt for a more secure ecosystem. For example, Initial Coin Offering (ICO) which was considered a risk-bearing investment is gradually being replaced by Initial Exchange Offerings (IEO).
Potential investors can purchase tokens during the fundraising phase with money directly from their exchange wallets thanks to the Initial Exchange Offering (IEO).
IEOs first appeared in January 2019 with the launch of Binance Launchpad’s BitTorrent Token (BTT). Interestingly, within 15 minutes of its release, the initial offering raised over $7.1 M in funding. In this article, we are taking a deep dive into the world of Initial Exchange Offering (IEO). Let’s first start by understanding exactly what an Initial Exchange Offering (IEO) is.
What is IEO?
The Initial Exchange Offering (IEO) is a way for blockchain projects to raise funding by offering utility tokens on a crypto exchange platform. Unlike ICOs, in which organizations sell tokens to investors directly, IEOs include the participation of a trusted exchange that handles the token sale.
IEO offers a range of benefits to investors. They gain confidence from the association with trusted platforms, while projects receive extensive assistance and exposure to a large user base. Participating in an IEO is easier and more user-friendly than participating in a traditional ICO. Though IEO has a lot of positive sides, there are also negatives, including listing costs and possible risks from exchanges that do not do appropriate due diligence.
Top 10 upcoming IEOs
We have noted down some of the great projects making their way through Initial Exchange Offering (IEO) that may be worth investing in. Have a look.
- Cyber Connect
- ViciNFT Token
- Quantum Hunter
Top 10 upcoming IEOs
- Ended ICOs
- Ended ICOs
CyberConnect aims to aid the Web3 application process on bootstrap network effects by introducing a decentralized social graph network. The protocol allows users to genuinely own their social network and build connections on it. The protocol is built on EVM chains. It offers programmers a wide range of tools to create socially engaging applications. The public sale was announced on Twitter.
|IEO start date||May 18, 2023|
|Total supply||100,000,000 CYBER|
|IEO ends on||May 20, 2023|
- It intends to introduce a decentralized social graph network to assist the Web3 application development on bootstrap network effects.
- It is built on EVM chains
- Upcoming IEOs
- Upcoming IEOs
The ViciNFT Token is based on ERC-20 utility token. The Polygon network is the blockchain that underpins the token. The platform enables providers of goods and services to create hierarchical offerings. Unlocking rights to receive tangible goods, go to events, access Zoom sessions, secure web content, and verify the provenance of assets all require a NFT. The platform will add ViciNFT token to NFTs as an extra payment option to improve service quality or unlock more expensive, premium services (protected content, VIP access). According to the website, owners can create communities and marketplaces to boost their brands and widen their audience by combining our platform and our token.
|IEO start date||July 07, 2023|
|Total supply||10,000,000 VCNT|
- Hierarchical offerings can be made by providers of goods and services thanks to the platform.
- To increase service quality, the platform will offer ViciNFT token as an additional payment option for NFTs.
- Active IEOs
- Active IEOs
In order to eliminate the middleman, Coorest introduces a new carbon standard, and a platform built on blockchain technology enables simple and open access to carbon offsets.
The certified Coorest Carbon Standard only focuses on newly planted trees (additionality), and it allows farmers and green projects to sign up from all over the world, allowing them to generate and earn money from their carbon sequestration efforts. To ensure the consistency and openness of carbon sequestration efforts, all projects are tracked using satellite data.
|IEO start date||May 31, 2023|
|Total supply||50,000,000 CRST|
- It enables farmers and green initiatives from around the world to sign up.
- It strives to support farmers in their attempts to generate and profit from carbon sequestration.
An AI-generated game called Quantum Hunter features endlessly conceivable plots. With the AI model, we combine inputs to produce unpredictable outputs, in contrast to the traditional game, which is meticulously planned out by the game designer and completely predictable. This gives Quantum Hunter an infinite number of storytelling possibilities.
Scalability, privacy, fairness, and especially privacy that safeguards user personal ability information, as well as game strategy, will probably all be significantly impacted by zero-knowledge proof in Quantum Hunter.
|IEO start date||April 12, 2024|
- Quantum Hunter offers countless opportunities for narrative development.
- It provides fairness, security, and scalability.
How to Find the Best IEO Projects?
Thorough research and evaluation are the keys to picking the best IEO project. The main things to consider while getting your hands on an IEO project are:
- Team: Pay attention to the team curating the project and look out for their experience, track record, and transparency.
- Stay updated: To learn about upcoming IEOs, start by keeping up with the latest cryptocurrency news, credible blogs, and forums.
- White paper: A dominant and well-explained white paper is required since it contains thorough information on the project’s goal, technology, roadmap, and tokenomics.
- Analyze the project: Examine the project’s unique selling traits, market demand, and potential for industry adoption or disruption. Consider the extent of due diligence undertaken by the hosting exchange, since reputable exchanges typically undergo thorough vetting processes.
Are IEOs profitable?
Like a coin with two sides, IEOs can potentially be profitable, but they also come with a pinch of negatives (risks and uncertainties). The profitability of an IEO is influenced by a variety of factors, including the project’s quality, market conditions, timing, and investment strategy.
Some IEOs experienced a significant price rise quickly after listing, resulting in large rewards for early investors. It is crucial to note, however, that investing in IEOs entails risks such as market volatility, regulatory uncertainty, project failures, and potential fraud. Therefore, to make big money through IEO, make sure to do your research and evaluate all the factors surrounding the project.
How to Earn the Maximum From An Ongoing IEO?
Any investor who wants to earn big through IEOs needs a deliberate strategy. To begin, perform extensive due diligence on the project, evaluating its team, technology, market potential, and rivalry analysis. Look for initiatives that have solid foundations and inventive solutions to real-world challenges. Second, thoroughly examine the token’s characteristics, such as the distribution mechanism and its usefulness, to determine the token’s potential worth.
Also, keep a watch on market sentiment and investor demand in the run-up to the IEO. Participate as soon as possible to ensure a favorable token allocation. Finally, to distribute risk and improve possible rewards, consider diversifying your investment portfolio by investing in different IEO projects. Monitor project updates and market developments on a regular basis, and modify your plans if needed.
Initial Exchange Offerings (IEOs) have transformed the way companies raise funding in the crypto realm, giving investors intriguing alternatives. While IEOs are highly rewarding, there are also a bunch of risks associated with them. You can traverse the world of IEOs and perhaps maximize your revenue by combining deep research, strategic thinking, and risk management. To capitalize on the potential given by IEOs, it is critical to keep up-to-date, adapt to changing conditions, and make educated decisions, just as it is with any other investment.
Frequently Asked Questions (FAQs)
If we compare IEOs to ICOs, IEOs often provide better investor protection, due diligence, and simplicity, making them the preferred option. Participation in cryptocurrency exchanges increases legitimacy and assures improved token liquidity.
IEOs are preferred by blockchain projects for a variety of reasons. IEOs give access to a wider investor base, improved credibility due to the participation of prominent crypto exchanges, faster token sale processes, and increased investor protection.