A New Trend in Crypto Funding Campaigns: Companies Resorting to IEOs
Cointelegraph
Published Oct 15, 2019 01:51PM ET
Updated Oct 15, 2019 02:21PM ET
A New Trend in Crypto Funding Campaigns: Companies Resorting to IEOs
The second quarter of 2019 demonstrated a growing popularity of the initial exchange offering (IEO), which has replaced the outdated initial coin offering (ICO) model. The new trend — the key role of which is played by a cryptocurrency exchange auditing projects and organizing token sales — has established itself positively among startups.
Crypto market stats show that over 65 IEOs have been launched in the past six months, with about 40 of them having reached their soft cap or even hard cap successfully. About 15 IEOs will be launched in the next three months. Notably, half of them are conducted by projects that have already completed their IEOs. All told, 245 projects conducted an IEO and managed to collect $3.4 billion over the past three years.
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Written By: Cointelegraph
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