Best IEO Platforms

Experts have predicted an Initial Exchange Offering (IEO) boom in the coming months, possibly similar to the Initial Coin Offering (ICO) boom witnessed in 2017/2018.

When companies create their own crypto, they need funds for the project. And how do they get the funding? By asking from the public, which is also called crowdfunding.

When they decide to host the crowdfunds on their own, that’s an ICO. But if they go the exchange way, that’s an IEO. The other significant difference is, ICOs are open to everyone while IEOs exclusive to exchange customers. Needless to say, IEOs offer a sort of security because users trust the exchange has vetted the companies, while the same cannot be said of ICOs, you just have to trust your gut.

It’s not hard to see why IEOs are more preferred by the regular crypto enthusiast as an efficient means of crowdfunding. This piece focuses on some of the best IEO offering exchange sites.

Binance Crypto Exchange

A leading exchange platform with an excellent market reputation. Not long ago, the site launched an IEO platform, the Binance Launchpad. In 2019 alone, the platform already has two successful projects on its name. Its most successful was perhaps the hosting of BitTorrent sale by TRON. The project was so successful that it experienced technical difficulties due to high trade volumes.

The platform has been forced to alter its sales model and focus on high demands. Investors are subjected to a lottery system rather than a first come first serve basis. This move has brought a sense of fairness to the game.

Binance Launchpad has become reputable for fast token sales, limited token supply and longer waitlist due to its vast number of users. A few drawbacks experienced haven’t damaged Binance Launchpad reputation.

The Bibox Orbit

The Bibox is another leading crypto exchange that has ventured in IEOs. It has launched its own IEO platform called the Bibox Orbit. Its objective is offering a base for the development of quality decentralized projects.

Bibox guarantees security and cost-effectiveness in its trading services. The platform is as user-friendly as possible and has been made available across all devices, iOS, android, mac, and on the desktop. It also deals with at least 150 trading partners besides the leading cryptocurrencies like Bitcoin and Ethereum.

Bibox Orbit is made up of a team with accumulated experience in crypto and crowdfunding. The team selects projects based on project application scenarios, white papers, team members, community engagement among other parameters.

KuCoin Spotlight Platform

The KuCoin Spotlight is an IEO project by the KuCoin exchange with a mission of spotting and nurturing progressive blockchain projects. The platform is a site for new blockchain projects to raise funds, increase their popularity and grow.

The KuCoin Spotlight platform takes investor’s security very seriously. It’s one of the few IEO platforms with a very rigorous vetting process right from handpicking projects to vetting team members. The vetting continues even after being listed on the platform. As for the users, it’s straightforward. Just create an account, and you are good to go.

With the booming of IEOs, ICO scams are a thing of the past now. What we are witnessing at the moment is a healthy competition among IEO Launchpad sites. More investors are coming in, especially on the onset of another crypto boom.