
An initial exchange offering (IEO) can simply be defined as a sale of tokens conducted via an established mode of exchanging cryptocurrency. Arising from the loss of trust in initial coin offerings or ICOs, IEOs are done with the same objective but through a different conducting platform.Entrepreneurs and startups have come forward to prefer launching IEOs for crypto fundraising amid the numerous cases of fraud involving ICOs over the past few years. This led to the ICO industry losing confidence and trust among investors, pushing new companies to avoid using ICOs for fundraising.