BiUP has introduced our own IEO with “zero” transaction fees with a limited period time.
BiUP IEO “Zero” Fees Start Time: March 16th, 2019 – March 24th
The upcoming IEO projects
Coin Safety: Celer
Start time: 2019-03-19 22:00:00
Number of issues: 100亿CELR
Number of snaps: 597,014,925 CELR
Panic buying price: to be determined
Celer related introduction：https://launchpad.binance.com/cn/project/52
Online IEO project
Currency Security: BTT
Release time: 2019-02-0
Crowdfunding price: $0.00012
Number of snapped up: 59.4 billion pieces BTT
Number of issues: 99 billion
The highest increase: 0.0012 US dollars, the price climbed nearly 10 times
The IEO is called Initial Exchange Offerings, which refers to a way for exchanges to directly help projects to raise funds and sell their tokens. Since the issuer itself is an exchange, the IEO does not need to publicly raise funds, issue, etc., and can be listed and traded directly on the exchange.
It can be seen that the IEO model transfers the risk of the project party itself to the exchange, and plays the role of a credit guarantor in the middle of the transaction. Using its own resources and project experience, the exchange can complete the audit of the submitted projects, while also suppressing technical risks such as phishing and malicious attacks. The advantages of users, funds, and flows of the exchange can provide more effective assistance for project dissemination and fund collection.
IEO is good for platform coins
The prevalence of the IEO model is the first to benefit the platform currency. On the one hand, in the early crowdfunding process, the exchange that is the sponsor of the project generally requires the platform currency used by the user to exchange the new currency, and the usage scenario of the platform currency is broader. On the other hand, once IEO succeeds in launching the new currency on the exchange, the exchange will inevitably open the trading pair of the new currency and the platform currency, which will greatly increase the liquidity of the platform currency.
For example, BNB’s 233% increase in the quarter, not only the credit of the chain, but also the demand of the IEO model, the opening of the BTT/BNB and FET/BNB trading pairs, have driven the demand of BNB.
At present, the platform currency issued by the cryptocurrency exchange, such as the HT of the fire currency, the BNB of the currency security, and the OKB of the OKEx, are all IEOs. The characteristic of IEO is “the first month of the water near the water tower”. There is no financing subscription process, which saves the ICO, airdrop promotion and other links, and can be directly listed and traded on the cryptocurrency exchange. In addition, the platform currency is more flexible, can be used to offset the transaction fees of other transaction pairs, and can also be used to vote on the currency.
The IEO is somewhat similar to the STO that was previously high hopes, but the process is shorter and more efficient. The reason is that the auditor of STO is the official institution, but the auditor of IEO is the market power of the exchange. It has the two characteristics of safety, low risk, convenience and high efficiency necessary for project financing. ICO and STO can’t match each other.