In the cryptocurrency world, making money is the number one priority for most users. Doing so has become both easier and more difficult in recent years. One new trend worth keeping an eye on comes in the form of Initial Exchange Offerings, on IEOs in short. However, these investments are never a guarantee for making money, as one should always conduct their own research first and foremost.
The IEO Concept Explained
As the name somewhat suggests, Initial Exchange Offerings involve the use of cryptocurrency exchanges or trading platforms. For project developers looking to sell their token, an IEO can prove to be a rather appealing solution. The exchange supporting this token sale will aid in the fundraising process by acting as a counterparty. Additionally, the exchange involved in this process will usually facilitate the trading of the IEO token once the sale itself has been concluded.
As is to be expected, an Initial Exchange Offering has a few strings attached. For project developers, they can opt to sell tokens at a fixed…