The first I heard about IEO when Binance launchpad announced the token sale of BitTorrent in starting of the year. IEO – Initial coin offering is a relatively new method of financing introduced by Binance exchange to the world, later adopted by other exchanges. Nowadays, every second day a NEW IEO is launched by these exchanges.
What is the Initial Exchange Offering (IEO)?
Initial exchange offering, as its name suggests – is token sale conduct on a cryptocurrency exchange platform. Contrary to ICO, IEOs are administered by an exchange. These exchanges charge listing fees and share in sold tokens to a startup for token launch on their platform.
IEO Participants needs to create an account after submitting their KYC documents on these exchanges for token sale participants. Exchange platforms also support startups in marketing operations by running promotions after token sale finishes.
Top 5 Exchanges by IEO Average Returns in USD
Gate.io recorded highest ATH/Current average returns in USD. Houbi Global recorded the lowest current average returns.
Gate.io
Total Number of IEOs: 10
Current Average Return: 1.71x
ATH Average Return: 11.28x
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OKEx
Total Number of IEOs: 7
Current Average Return: 1.68x
ATH Average Return: 5.76x
Click on this link for More details about this platform.
Binance
Total Number of IEOs: 8
Current Average Return: 1.54x
ATH Average Return: 8.58x
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Kucoin
Total Number of IEOs: 5
Current Average Return: 0.85x
ATH Average Return: 5x
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Huobi Global
Total Number of IEOs: 6
Current Average Return: 0.33x
ATH Average Return: 6x
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TOP 5 IEOs by Average returns in USD
SERO is #1 IEO of the year which is currently trading above 12x of its IEO price and recorded ATH ROI around 53x at its peak. Matic is the top-performing IEO by Binance Launchpad which made into in this list. Matic recorded 17.19 ATH ROI, and current trading above 5.4x of its IEO price.
SERO
Platform: Gate.io
ATH ROI: 53.67x
Current ROI: 12.26x
VSystems(VSYS)
Platform: ZB.COM
ATH ROI: 24.56x
Current ROI: 5.97x
GoWithMi(GMAT)
Platform: Gate.io
ATH ROI: 21.08x
Current ROI: 4.86x
Blockcloud(BLOC)
Platform: OkEx
ATH ROI: 18.11x
Current ROI: 0.95x
MATIC(Matic)
Platform: Binance
ATH ROI: 17.19x
Current ROI: 5.4x
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Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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