The IEO Hype Is Real & It’s Not A Scam, Although Bad Apples Can Never Be Avoided.
The IEO Hype Is Real:
According to CoinSchedule, 2019s new wave of hype known as Initial Exchange Offerings has already raised $180m even in the midst of a brutal bear market. This would have made sense if we’re in a massive bull run again but remember we’re in the midst of a bear market! Human nature is unbelievable, I did not expect this hype!
IEO’s Are Not A Scam:
Bittrex CEO Bill Shihara says that IEOs have the potential to get bigger than ICOs, which bloomed in 2017. This is possible as IEOs are an improvement to ICOs, but I sure hope the growth is more gradual rather than the crazy ICO hype all over again.
The benefit of IEOs is the vetting process by exchanges that want to ensure their users invest in quality projects and they abide by the law, as well as the immediate liquidity projects receive. I think in the short run, smaller short-sighted exchanges will list bad quality projects and get negative press for the IEO industry, however over time the quality and responsible exchanges will build a reputation and the projects listed on their platform will succeed.
I have many companies in the blockchain space, the one most involved with the IEO hype is IBC, which has helped blockchain and crypto projects raise capital for almost 2 years now. Our team has launched 10 successful IEOs with more ongoing, and my plan is to ensure we launch quality projects and partner with the right exchanges, ensuring we stand the test of time as the industry grows over the next 5 years. As with all my companies, crypto and non-crypto, I’m always in it for the long run as this is where the real money is made, and that’s what I founded a blockchain VC fund and became a partner at a law firm.
