Cryptionary

IEO

Initial Exchange Offering

1. fundraising

An IEO, or Initial Exchange Offering, is a fundraising event where a cryptocurrency exchange facilitates the sale of tokens for a new project. This method allows investors to purchase tokens before they are officially launched.

1.1

"Binance, a popular cryptocurrency exchange, has facilitated several IEOs through its platform, Binance Launchpad."

2. advantage

IEOs offer certain advantages over traditional ICOs. The involvement of a reputable exchange can lead to higher quality projects and fewer scams, as the exchange conducts due diligence on the project before hosting the IEO.

2.1

"Investors often perceive IEOs as safer than ICOs, as the vetting process by the exchange can filter out potential scams."

3. risk

Despite the advantages, IEOs also carry risks. The success of the project is not guaranteed, and the tokens may lose value after the IEO.

3.1

"While IEOs can offer potential high returns, investors should conduct their own research and understand the risks involved."

* All terms and definitions may update as the Cryptionary improves.

All terms

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