A New Trend in Crypto Funding Campaigns: Companies Resorting to IEOs
Cointelegraph By Evan Luthra's original article for cointelegraph.com reduced by 60%
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. Notably, half of them are conducted by projects that have already completed their IEOs. As the crypto market is constantly evolving, many projects consider repeating their IEO rounds, especially if the previous one turned out to be successful.
Some call it a "Second IEO," while others refer to several IEOs being conducted by the same project on different exchanges as a "Multilaunchpad IEO.". Another new IEO subspecies that has appeared on the market is the security token exchange offering. Notably, most IEOs are held by projects focused on trading and investing, payments as well as commerce and the Internet of Things.
Companies resort to STOs and ICOs to raise money for the development of products in markets such as mining, social network, marketplace, content management, data storage and AI.According to the statistics, the number of investments attracted through IEOs from April 2019 to September 2019 comprised 5% of the amount attracted for the same period from IPOs.
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CN [too long; didn’t read]
Summarised crypto news.