IEO is a new invention for raising money after IFO

Today, Bodhi is sold directly on the exchange. The second boss really admires the big guys in the cryptocurrency circle. Bodhi is a project that has been closed. This time, ICO was omitted and crowdfunding was directly conducted on five exchanges. This new model really surprised me for a while. Who said that Chinese people have no ability to innovate? Take them to the cryptocurrency circle and scare them to death.

The second boss named this crowdfunding model: IEO (Initial Exchange Offerings)

• Inventor: Chinese

• Invention time: November 20, 2017. Bodhi is sold directly on the exchange and traded after it is sold.

• IEO advantages: Projects no longer need ICOs, saving on promotion, no need for airdrops, and no longer having to play hide-and-seek with the leeks about which exchange to go to.

Since the domestic exchanges went overseas, they no longer care about the industry self-regulatory alliance, and even God can’t reach it. Exx experienced a series of liquidations (you can read the push from Bibiguan on November 19), and various problems occurred on platforms such as OKEX.

In the past, if a currency could gain recognition from an exchange, it would increase in value after it went online because we believed that the exchange was the first barrier for investors and that it stood on the side of investors and would unhesitatingly block some air coins for us.

Now that you have gone to sea, do you really think of yourself as a pirate this time? Aren’t you afraid of ruining your good reputation by listing directly on the ICO exchange, or do you think that the leeks have no choice? Compared with other exchanges, Bittrex and Poloniex need to pass their strict law firm review before listing coins. They know how important the credit endorsement of the exchange is to users. Even if the listing of coins is slow or even non-existent, they are determined not to ruin themselves.

Are domestic overseas exchanges really not afraid of losing users when they treat themselves like this? Do they really have to wait until excellent foreign exchanges pay attention to domestic investors and provide more convenient services before they regret it?

When Bodhi was listed, the second gang leader also observed a more interesting phenomenon on the exx platform.

According to the data provided by Bodhi, the EXX platform only received a sales quota of 2 million Bodhi coins. Looking at the transaction volume at 10 o'clock today (blue box), it reached nearly 8 million. Even if all of Bodhi's 3 million reserved quota was given to the EXX platform, it would not be enough. Could it be that someone just bought and then sold it at the same price? It is even harder to say whether the exchange platform was interfering.

Bodhi’s IEO has opened Pandora’s box, and the monster released may not even be spared by the exchanges.