https://cdn.steemitimages.com/DQmQwcyqpcpkfDwgLgUb8dmqdo9LbBRifHPhr597bGun81j/welcome.jpg_{Made from Powerpoint}

**INTRODUCTION** Hello steemian, I have gone through the lecture illustrated by Professor @nane15 on the topic which talks about 'Initial Exchange Offering" and Binance Launchpad." in the beginners class. In this post, I will be answering the questions posed in the homework section. Happy reading! ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) **1. EXPLAIN IN YOUR OWN WORDS WHAT AN IEO IS** ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) As the name implies, an Initial Exchange Offering (IEO) constitutes the intention of a cryptocurrency exchange to improve funds for a current proposal. It is important to trade assets on the policies, but that naturally occurs after the creators raised money to kickstart their procedures. With an IEO, possible investors can be able to buy these investments before they become accessible on the demand. With the help of the trade simplifying the token sale, enrolled users who gave their KYC information will be able to buy tokens before they begin trading on the open market. Because an IEO is encouraged by an exchange, the startups opting for this path have to be important about their agenda of activity. In most trials, the IEO proposal is precisely examined by the participating trade. In some paths, the exchanges put their reputation on the chain for every IEO they agree to deliver. But then, the question is: **HOW IS AN IEO ORGANIZED?** Although blockchain technology is moderately current, there are thousands of crypto startups and firms out there. Many of which are contending to cultivate possible investors through ICO or IEO events. When authors of a cryptocurrency project decide they need to establish an IEO, a complicated method must be fulfilled before the first dollar can be put up. For the operation crew, various ordinances must be met. Having a powerful business representation, felt team partners, and achievable use trial for the technology, and giving a whitepaper is important. Organizing an IEO is akin to noting that they are determined to the long-term achievement project. Moreover, they require to specify if their Initial Exchange Offering is going to have a hard or soft cap. A hard cap ensures that no more than a specific quantity of capital can be invested. A soft cap forms an early goal to be achieved but permits for more enterprises to trickle in thereafter. Previously these opinions are formulated, it is a period to select an exchange platform for the IEO. Binance Launchpad has enabled dozens of programs to reach their enterprise capital desires. Some examples include Axie Infinity (AXS), BitTorrent(BTT), Band Protocol (BAND), Alpha Finance Lab, WazirX (WRX). And(ALPHA). Additional trades have also created their own IEO outlets, each with its usefulness, provisions, and reasonable drawbacks. In short, IEO is a method of selling current token which hasn't been launched to crypto fans on centralized exchanges to boost the fund to help the project. Crypto traders donated a new token that has not been commenced through an Early exchange grant simply to buy a token at an inexpensive price and sell it later after the launch of a coin at a price higher than the price they bought it to make a profit. ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) **2. DO YOU CONSIDER IEOS AN ADVANTAGEOUS WAY TO MAKE AN INVESTMENT? EXPLAIN** ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) Yes! IEO is a decent means to make a crypto investment. There are several justifications why I believe IEOs among several fundraising procedures of raising funds for a new project is a favorable way of investing. First of all, IEO is a fund boosting project that is administered by centralized exchanges. Before an exchange enables any project to have its First exchange offering on their platform, they constantly analyze the project and vet it very well to make confident that the project is not a formulated project eligible of duping people. Hence I see this as a big way of investing particularly for investors with little of a new project or token examination. The additional essential reason I suppose IEOs as a tremendous and favorable way just like I said earlier about investors having the freedom to purchase at a very inexpensive price and then sell the token later to make a profit. This is not like other investment opportunities in crypto which may make people miss their investment. Investors can be rest convinced with the investment they earn. ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) **3. LIST ADVANTAGES AND DISADVANTAGES OF PARTICIPATING IN AN IEO** ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) **ADVANTAGES OF IEO** **i.** Offers Great Profit Potential: As I have announced before, a new token is constantly allocated to the investors at a very inexpensive price during the IEO. However, after the takeoff of the project, the price normally goes up. Investors who donated the token during IEO can sell the token tardily at a price higher than the price they purchased it to make a profit. **ii.** It increases the Investors Confidence Level: Because IEO is assessed by exchanges, investors frequently get a lot of assurance to invest in a project as much as reasonable during IEO **iii.** A great way of supporting Project IEO is performed to raise funds for a new Project. This helps the project creators to get funds for the project. **Iv.** It decreases Scamming: Before an IEO can be accomplished by any project on exchanges, the exchanges will first analyze and vet the project extremely well in the order they are legit. Exchanges also do this to ensure their honesty. Hence, we can say that scamming of investors in IEO is not familiar. **DISADVANTAGES OF IEO** **I**. The sale of a recent token particularly through IEO always persuades many investors and this may induce the price to move up a little bit after the presale, the price might lessen in value drastically. **ii**. It is always targeted at some person not all investors are allowed to take part in IEO and as such the procedure continually takes a difficult technique to finalize. **iii**. The number of project subsidy initial exchange grants is growing tremendously and as such, thorough examination may not be accomplished on several projects which may want to do IEO. And this may result in investors getting into the arrows of scammers. **iv**. Not all recent tokens run up after the launch. Hence it is feasible that the token that is recorded on the exchange goes down after the launch of the token on exchange and it might make investors lose in the long run. ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) **4. EXPLAIN HOW TO PARTICIPATE IN AN IEO, FOR THE PROCESS EXPLORE VARIOUS EXCHANGES, CHOOSE ONE OF THEM AND EXPLAIN THE PROCESS. (USE FROM SCREENSHOTS.) (NO NEED TO PARTICIPATE, JUST REGISTER, PRESENT PROOF OF VERIFIED ACCOUNT AND EXPLAIN THE WHOLE PROCESS, DO NOT USE BINANCE)** ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) After knowing any information of initial exchange given through any medium just like the social media to partake in IEO, the first gadget need to note is the credibility of the exchange through which a project is doing her preliminary exchange donation. After that, you register on the cryptocurrency exchange through which the project requires you to do the IEO and follow by Understanding Your Customer(KYC) Verification method which you have to finalize before you can be eligible to buy a recent token. Then, examine the coin which the project allows for the IEO procedure. If you don't have the coin which the project requirements for IEO, you would need to buy the coin first before you can partake in the IEO. Below are images of various exchanges and the list of IEO which has been done and I will also be showing you the step by step process on how to participate in the IEO in various exchanges found:

+ **KuCoin IEO List** https://cdn.steemitimages.com/DQmUur3omDLj7LC9arYcKpqwKzNgNcZ7q4nUeD3QCxh5zWv/Screenshot_20211223_125759.jpg_{[source](https://coincodex.com/ieo-list/kucoin/)} + **HouObi Global IEO List** https://cdn.steemitimages.com/DQmQmPonR9jQsigXZn2R7wstVG9FhZeBSUPJRD6YrHVEkom/Screenshot_20211223_130352.jpg_{[source](https://coincodex.com/ieo-list/huobi/)} + **Bitfinex IEO List** https://cdn.steemitimages.com/DQmVLg54bGRCUKzgXdFxT3TRgaCnDF9EPFit5ZVdSjKvU4C/Screenshot_20211223_130617.jpg_{[source](https://coincodex.com/ieo-list/bitfinex/)}

**I**. For example now let me say we are interested in the IEO implied by a blue box in the screenshot image below which is carried from a popular site named coincodex. **ii**. Then you click on the project to notice the project details. https://cdn.steemitimages.com/DQmWQknkZfLpCvvXqdYHrkvjHWgabCQrCcPGjt1pkdaJ4Vf/Screenshot_20211223_130806.jpg_{[source](https://coincodex.com/ieo-list/kucoin/)}

**iii**. So we can see the project details and the exchange the project needs to utilize for the IEO. As we can see, this project needs to utilize kucoin. The next thing there is to click on the launchpad icon as implied by a red box in the screenshot image below. https://cdn.steemitimages.com/DQmPjHp75ZDRUxYXEMgtJDK6CZJPdULv8A6RBtWA8odZJm1/Screenshot_20211223_131038.jpg_{[source](https://coincodex.com/ieo-list/kucoin/)}

**iv.** So it will take you to the exchange platform where the IEO is to be administered. As you can see in the screenshot image below, the kucoin platform occurred for me when I clicked the launchpad button. **v.** So you will be consulted to make a register on the exchange platform in either for you to participate in an IEO. If you don't have an account with the exchange through which the IEO is to be performed, you must first create an account and do verification just like what I did. >sorry I couldn't give a screenshot on how to create an account because I already have it, so there was no way I could be able to create another one.

https://cdn.steemitimages.com/DQmYJUE7Qu8eHyzqgTRFNPLDCQnqwiXeHkLeE1ZhpouQ4Q5/Screenshot_20211223_135003.jpg_{screenshot from kucoin}

After that, you go to the launchpad to buy the token the IEO is to be attained. It's constantly the native token of the exchange. https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png**5. AS AN EXAMPLE OF A PROJECT THAT HAD A SUCCESSFUL IEO, EXPLAIN THAT PROJECT. BE ON TOPIC. (USE FROM SCREENSHOTS.**https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png https://cdn.steemitimages.com/DQmNdYYGsVQjz2LT6uKiLYGfNWh88fqWSkxoqUhefREi4td/Screenshot_20211223_135533.jpg_{[source](https://cryptorank.io/ico/bittorrent)}

They seem to be several projects that have had profitable IEO. One of the outstanding projects is BitTorrent. Bittorent is a decentralized blockchain system that enables users the ability to share data and electronic files on the internet. The token of the project is known as BTT and the exchange platform utilized for delivering the IEO of BitTorrent is the Binance and it has been done on Binance Launchpad in January 2019. The IEO was being performed making use of two tokens, the native token of Binance, BNB, and TRX. This simply means BNB and TRX were being used to obtain the BTT token. Which compelled the IEO to be in a double session. A total of 35,640,000,000 BTT was being supplied for the TRX session, and 23,760,000,000 were donated for the BNB session. The partakers were authorized to get a minimum of 100,000 BTT, and a maximum of 166,666,666 BTT during the IEO presale. The rate of BTT at IEO was $0.00012 and the sales waited for 13 minutes and 15 minutes for BNB and TRX sessions respectively. Which was a total of 7.2M was being raised as demonstrated by a box I circle in the screenshot image. ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) **CONCLUSION** ![k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/k75bsZMwYNtze9xHvT6xWCdz7q3QGD35ZKdaPpVrFksWkH6zVbMfQUALoa6SFdtWhYvVrHYyk8i8pfzn21pHEaWwCapGrQ2QMUYPoEd1JFHb3LDRMo8sqUkTZoUZFAdwC4mrnoGu62KdUuKjLPpComUad1QgpPr14.png) In conclusion, the need of utilizing IEO is better because the exchanges through which the IEO is being performed do undergo a verification process of which the project will be scanned properly before it can be offered to the public. The chances to use their platform for presale are quite recommendable for potential investors. I will have to say a big thanks to professor @nane15 for providing this lecture though have been missing her lecture for some time now but am happy that I participated in this lecture.