About IEO, Listing & ICO
Good evening everyone.
We hope that your weekend was successful and that you had a nice rest and are ready for a new working week and new capitalist achievements :)
Since we have more frequent requests for explanations of why we are telling you about IEO, listing and ICO, what is the difference and why everything is so complicated, we will now try to answer you, due to our understanding.
Maybe you remember, at the beginning of 2017 there was a boom in ICOs, in which a lot of people were deceived. Now, ICOs have been replaced by IEOs, which should, in theory, reduce the number of scam projects. An Initial Exchange Offer (IEO), as its name suggests, is conducted on an exchange platform.
Unlike Initial Coin Offerings (ICO), IEO is operated by an exchange on behalf of our project, which raises funds using its recently issued ARNO tokens. Since the sale of ARNO tokens is carried out on the exchange platform, we, as the token issuer, must pay the listing fee along with the percentage of tokens sold during the IEO. IEO participants do not send money to a smart contract, such as the one that governs ICO. Instead, they must create an account on the exchange platform where the IEO is being held. Members then deposit funds into their exchange wallets using coins, and use those funds to purchase tokens from the fundraising company.
Trust is one of the main benefits of IEO. Since the crowdsale takes place on the exchange platform, the counterparty views every project that wants to launch an IEO on their website. Exchanges do this to maintain their own good reputation by carefully checking the issuers of tokens, including our ARNO Token project.
Thus, IEOs can eliminate fraudulent and dubious projects due to raising funds using exchange platforms. In addition, we, as issuers of the ARNO token, do not need to worry about the security of the crowdsale, since the exchange manages the smart contract IEO. The KYC / AML process is also handled by the exchange as most service providers carry out KYC / AML for their customers after their accounts have been created.
Let’s continue further.
Before ARNO tokens are available for trading, they must go through the registration process for trading on exchanges, which are the main tool for trading digital assets. On a cryptocurrency exchange, like on a stock exchange, this process is called listing.
Roughly speaking, listing is the procedure for adding digital coins to the lists of available instruments on trading floors. After adding to the lists, assets become available for sale and purchase, and get into quotes. Accordingly, the process is quite natural when the exchange in which the IEO is held lists the token after the end of the crowdsale.
Thus, until August 15th, ARNO Token can be bought on the website at a price of $ 2 per token, and at the same time receive a bonus accrual upon purchase. That is, there are actually two weeks left. Starting from August 16th and two subsequent weeks, ARNO Token can be bought on the exchange (there will be several large exchanges) where IEO is held, but at the exchange value and only for the cryptocurrency that will be in the trading pair …
Next, the ARNO Token listing procedure will follow, which may take up to a month, after which the token will go into free exchange circulation and it will be possible to both buy and sell.
