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Initial Exchange Offering or IEO is the latest addition in the crypto crowdfunding practices. In simple terms, it can be depicted as a crowdfunding method to help investors securely venture their feet into the crypto domain. IEO is not much different from ICO when it comes to functionality, the sole exception being that the crypto exchange platform supports the campaign fully. Unlike ICO, not every investor can integrate funds in the project, investors need to register with the exchange platform supporting the IEO.
When a firm decides to launch an IEO, they look for a startup to back the process and launch the currency via an exchange. The process goes like this:
The IEO idea is generated
The IEO is promoted over the web
The idea is approved by an exchange
The exchange users buy the IEO with their exchange wallet
The listing and token fees is paid
After that the token gets listed on a specific exchange
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