ICo & IEo

2 32

ICO and IEO

If any organization or company wants to bring their own cryptocurrency to the market, ICO or IEO is done. Simply put, no coins; The first event to hit the market is ICO or IEO. And those who trade in the cryptocurrency market with good profits attach great importance to this event. So today we are discussing whether the new and old investors will choose ICO or IEO.

What is ICO?

The full form of ICO is Initial Coin Offer i.e. any organization collects funds before trading in their own cryptocurrency market. And to collect these funds, they set a minimum price for their coins. And the event that the companies organize to sell their coins at that fixed price is called ICO.

What is IEO?

There is no difference between ICO and IEO. The purpose of these two is the same. Only tokens are different. The full form of IEO is Initial Exchange Offer. Organizations that hold ICOs to sell their coins to the public would host the event themselves. That means there was no third party here. And the third party has been chosen for IEO, that is, the token is sold through the exchange site. But no matter what. The purpose is the same, and that is to raise funds.

Now you can think when the purpose of the two is one, but what is the need to tell so many stories! Yes, many may ask this question. So let's see which of the two is better.

Which is better, ICO or IEO?

Until 2019, all the companies that have brought their coins to the market through ICO. Except for two or three institutions. The IEO journey has started in Ganahar since 2019. Although the purpose of ICO and IEO is the same, there is a good difference to be seen. The differences between the two are very important. And by highlighting the differences, you can easily tell by considering which ICO or IEO is the best and safest.

Those of us who do ICO or have an idea about ICO can tell us how many fake ICO have been or are going to be in the market. The amount of fake ICO can be said to be like looking at the sand from a distance in the desert, it seems that the water is frozen. In this way, until you get close to it, you will be sure that the condition of ICO is exactly like water or mirage. From the outside, it may seem like a legit ICO, but when you look up the details about that organization, you will see that it is going to be a fake ICO.

The key differences between ICO and IEO are:

Research; In case of ICO, you need to do a good amount of research to find a legit ICO. In this case, at some point you may make a mistake. But for IEO, you don't need to do much research. Because the exchange from which IEO will be done, they will have done this work. Because they will not cooperate with any fake company. Due to which, if you invest in IEO, there will be no possibility of being cheated. Which is a matter of doubt in the ICO. So I am not discouraging you from doing research. Do research, of course, because before you invest, you also need to have an idea of ​​where you are going to invest.

Trading Market: - After becoming the ICO of a company, in which market they will start trading, when they will do it, extra thinking about this works in the head. Because unless you start trading in a good exchange market, good results cannot be expected. But IEO doesn't have to worry about this. Because their first trade will start in the exchange market in which IEO will be done. And it is only natural that you do IEO of the exchange market in which you trust.

Trading Time: - It has been seen that many companies have taken a long time to come to the market after completing ICO. In this case, starting from 1 month, it took more than 5 months just to come to the trading market. For example, the same can be said of Wanchain. This keeps your investment stuck. But if you do IEO, you can avoid this paragraph. Because IEO is being done in the exchange markets, as a result, there is no additional hassle with which coins will be added to which market after sale. As a result, coins are being released for trading within 10 to 15 days after the coins are sold.

The above few differences may have given you the idea that it would be better to do ICO or IEO. Of course, many people can make many arguments. But for me IEO is definitely a good and safe way to invest.

Which crypto exchange market do IEO?

There is currently no shortage of cryptocurrency exchange markets. There are currently 16,614 crypto exchange markets, according to CoinMarketCap. Now like many ICO companies you will find many fraud markets here. Where IEO is far away, trading is also risky. So, for IEO, only select the crypto exchange markets that are trusted and popular. In this case you can choose the following crypto exchange markets.

  • 1) Binance

  • 2) Huobi Global (does not bring any trading for Bangladesh.)

  • 3) KuCoin

  • 4) OKEx (OKEx) (do not bring any trading for Bangladesh.)

  • 5) Bittrex

  • 6) BitMax (also allows trading for Bangladesh but does not bring account verification.)

From the above crypto exchanges you can participate in IEO on any exchange. Because the mentioned crypto exchange sites are now popular as well as trusted.

I think investing in IEO will reduce the chances of being cheated to zero percent. But yes you have to choose the trusted and popular cryptocurrency exchange market to do IEO

Thanks for Reading...

Sponsors of Kawser595
empty
empty
empty

@TheRandomRewarder Please Inspire me...

1
$ 0.54
$ 0.54 from @TheRandomRewarder

Comments

Its Valuable article...

$ 0.00
3 years ago