Initial Exchange Offerings (IEOs) have taken 2019 by storm. Following Initial Coin Offering (ICO) craze, IEOs are becoming a new mania which is capturing the middle ground between promising projects and eager investors.
IEOs are exciting phenomena. They are more secure than ICOs, more accessible than security token offerings (STOs), and there’s particular due diligence done by the IEO platform before listing the projects.
All these factors raise investors’ confidence in the projects, which results in millions raised in seconds, overbooked platforms, promising projects and coins entering the crypto-verse.
But this raises a fundamental question — which IEO platforms are the best? The web is filled with platforms offering different schemes and features, so which one should you choose?
Choosing the best platform to list IEO might appear like a daunting task, but it can be done by making a simple checklist. The checklist consists of 5 key elements and if a platform contains all of those elements, you can undoubtedly go for it.
Here are the 5 key factors you need consider:
Exchange/platform reputation
Credibility and reputation of exchange are the most crucial factors when choosing an IEO platform. Since exchanges vet all IEO projects, you have to trust them completely. IEOs provide lucrative opportunities for the exchanges, and all IEO profits come from eager investors like you. Therefore, you have to look for exchanges that are genuinely focused on the quality of the projects instead of useless token sales. Always do your own research (DYOR).Ease of use
Unlike ICOs, IEOs are mediated by the exchanges, so it is their responsibility to make it accessible even for novice investors.Liquidity
A solid IEO platform should have an abundance of investors willing to trade the token. Remember that an IEO token is listed on its exchange almost immediately after the IEO, so you want to be sure that you have no issues when selling it later.Security and stability
IEOs attract many investors from various backgrounds, so the IEO platform must be robust and secure. No one wants to risk losing their funds to an incompetent exchange, which is prone to all sorts of cyberattacks, technical glitches, or bad performance.Multi-coin support
Above everything, the exchange should possess multi-coin compatibility to facilitate versatility to the users. IEOs provide ample opportunities to increase the value of customized coins, but every investor has different preferences. Therefore, the platform should not be restricted with coin options, allowing the users the freedom to choose.
IEOs have emerged as an ideal choice to garner funds for startups and investors. The approach is certainly picking up its pace in 2020.
With a quick grasp of the actual situation, S3 Global decides to run S3P token public sale on Latoken — one of the most reputable exchanges on October 15, 2020.
For more information about S3P token public sale on Latoken, visit: https://bit.ly/3nBr2hp
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