Conducting in an IEO
The IEOs are conducted with the support of a cryptocurrency exchange. The issuers of the token approach an exchange that conducts IEOs. The issuers generally have to submit the whitepaper, information about the team behind the project and the token, and the plans for the project. Information about existing investors and registration should also be provided. Last, but not least information should also be provided about the progress of the project and the milestones planned and completed.
The information is then evaluated by the exchange which decides whether to accept an IEO for listing on the exchange. If the exchange decides positively, the promotional campaign must be commenced to promote the Token before the IEO. This Campaign is normally completed in cooperation is exchange.
Exchanges as IEO Platforms
A large number of cryptocurrency exchanges have conducted IEOs including Binance Launchpad, Bitmax Launchpad, Bittrex IEO, OKEx Jumpstart, KuCoin Spotlight, and Huobi Prime.
Exchanges quote different prices for conducting IEO and information changes rapidly. However, as a general rule, most of the exchanges with high volumes share the common requirement of a high listing fee, a viable product, a good team, and a track record. The projects also need to be backed by a strong legal structure and an opinion from a prominent international law firm.
Binance and Bittrex both charge above USD 300,000 with an upper limit of USD 1 million (USD 0.5 million for Bittrex). The costs for Bittrex include costs both for listing an IEO. KuCoin requires that you send the project for review by the exchange but the costs maybe around 25-25 BTC. Information about the costs for other exchanges is available on request. The costs may vary from around $50,000 and approach USD 1 million depending upon the exchange.
Empire Global has a team of experienced professionals who will assist you through the entire process of conducting an IEO including assistance in the preparation of documents, submission of application, and dealing with the exchanges to complete the IEO and the listing process. We request you to get in touch with Empire Global at the earliest to understand the entire process in detail about conducting an IEO.