TLDR
The Initial exchange offering (IEO) is a powerful fundraising mechanism powered by cryptoeconomics to raise capital for your Blockchain application. It has been very lucrative for a lot of blockchain and crypto companies in 2019, but the big proportion has failed to sell any of their tokens to the public on the exchange(s) where projects hosted the IEOs. Binance was the first one to kickstart this model with the BitTorrent IEO, and other major exchanges have taken notes and adopted the system along the way.via the TL;DR App
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Written by Benje - Cryptonities | Advocating for decentralized and inclusive communities - Crypto and blockchain activist
