What is IEO Initial Exchange Offering?
What is IEO Initial Exchange Offering?
An Initial Exchange Offering is a token sale hold on an exchange. IEO works on different cryptocurrency exchanges depending on how it gets planned. The exchanges create a platform where the pool of developers can mint and sell the projects to crypto enthusiasts and investors!
Before the token sale gets conducted on the IEO exchange platform, both the exchange team and the project team will deal with an agreement. The exchange platform will do a thorough review of the project using certain conditions to make sure the project is worthy authentic.
Once the exchange platform is comfortable with the project, it will unveil the date for token sale along with the fixed price per token. If in case the exchange has its own token, then the contributors have to purchase the units of tokens before they can participate in Initial Exchange Offering.
Upcoming Event
The JSB Foundation has a momentous event coming up via the P2PB2B exchange. They plan to launch an IEO on October 15. Thus far, the testnet has been quite a success. There are now over 3 billion tokens with a valuation of around $195 million staked on their testnet. The future looks bright for the JSB Foundation. One of the partner organizations recently revealed that over 240 staking pools had gone online. Around 120 of these pools came online in just the first day of launch. It means the JSB Foundation is on course to achieve its target of launching