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IEO (initial exchange offering) is a token – based fundraising method similar in principle to ICO (initial coin offering).
However, there are a number of key differences between the two methods, such as:
At IEO, digital exchange manages the entire process from a technical point of view. Digital tokens are created in the launch panel of the IEO exchange, and the purchase of tokens is carried out through the exchange platform.
In IEO, the Fund-raising event is managed by the exchange, and in ICO-by the project team. The traditional ICO model involved the project team issuing tokens from the ICO Launchpad, selling the tokens, and then transferring (or attempting to transfer) the tokens to a listing on a digital exchange so that they were suitable for exchange. The new IEO model means that tokens are issued from the exchange's Launchpad, the token sale is managed by the exchange, and once completed, the token is guaranteed to be listed.
The issue of the tojen GIGJ through IEO instead of ICO has several advantages for investors – guaranteed listing, exchange of expertise, security procedures KYC and AML, systematic way of carrying out pre-sale of the tokens and easy way to buy tokens.
Prior to the GIGJ token sale, a private token pre-sale will be held within the IEO. The expected start date of IEO is scheduled for October 1, 2019. The total duration of Gigajoule IEO project will be 20 days. GIGJ tokens can be purchased for Bitcoin (BTC) or Ether (ETH).
Read more about IEO of the project Gigajoule – on the website https://gigajoule.io/.
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