An Initial Exchange Offering as its name suggests, is the process of raising funds, handled by a cryptocurrency exchange. The token issuers pay a listing fee to the exchange that is working on behalf of them. One of the major benefits of depending on an exchange to issue your tokens is the fact that they already have an existing user base. Moreover, if the exchange is a reputed one, there are numerous potential investors that will come across your coin.
The tasks of KYC/AML is performed by the exchange. On the whole, the token issuer will only have to pay for the exchange’s services and watch their funds increase. An IEO is a huge relief for companies who do not want to manage the whole process of issuing tokens and raising funds. Need some guidance to launch your IEO? There are few companies that specialize in blockchain-based services and can help you understand how to proceed.
Blockchain App Factory has been in the industry for years. They could definitely provide some assistance.
