Is it the right time to switch over to IEO or IDEO? Benefits of launching your token sale in IEO or IDEO?

Crypto investors are no more naive in spending their money on fraudulent fundraising projects. The entire crypto ambiance steps ahead to secure, legitimate and assured returns. Early stages of crypto crowdfunding started with ICO token sale. Later, due to a bunch of scams, the community lost its faith. 

Crypto leaders made advancements, and they evolved with the IEO fundraising technique. Over recent years, IEO is popular among crypto investors as they are guaranteed with certain benefits, or if there are any misleads, they get back their money. 

In this post, let’s discuss what is an IEO & IDEO, and what are their benefits!

What is IEO?

Initial Exchange Offering(IEO) is the legitimate crowdfunding technique that is hosted by renowned exchanges in the representation of fundraisers. The fundraisers develop their IEO tokens based on the norms set by the exchanges to list in their platform. Hence, if the fundraiser plans for IEO token sale, they must pick the exchange of their choice and then design their development process. 

Exchanges have the regulations to unlist the IEO token sale anytime if it is found to be illegal or deviates from the regulatory norms. IEO token sale helps fundraisers in acquiring potential investors from exchange platforms rather than designing their marketing strategies. 

The entire IEO scenario happens through centralized exchanges. What if this is decentralized? InitialDecentralized Exchange Offering(IDEO) comes here! Now, let’s list the benefits of IDEO token sale over IEO!

Benefits of IDEO over IEO

Consensus Goal

Unlike centralized exchange token sale, IDEO is not controlled by a single platform. The community member takes over the responsibility of IDEO token sale and hence no risks in manipulating the profits against a single peer.

Minimal Fees

The renowned exchange platforms incur a handsome amount of charges to list IEO token sale in their platform. Instead, IDEO has no blockages for utilizing the platform and pays a minimal amount of charges for the entire process.

Easy Access

Decentralized exchanges are more accessible to fundraisers as well as investors. The IDEO platforms do not opt for the KYC or AML process for the investors. 

Shared Proprietorship

On successful completion of the IDEO token sale, the community peers can manipulate their profits and shares. Depending on the investments, the community miner nodes can approve the ownership of IDEO tokens. 

Final Verdict!

We have just guided you with the generic benefits of the IEO and IDEO token sale. To have a clear perspective of IEO, IDEO, and other fundraising token sale, reach out to our team!

All about a cryptocurrency application-Quick glance on workflow, advantages, features!

Do you remember watching some almighty photo frames, sceneries, or some news channels right after waking up from bed? My answer is a big no! I would check for updates on my mobile phone!

The technology, digitalized transactions have eased our life to a greater extent. We are banged from long queues for bills, tickets, purchases, and much more due to the innovation of mobile apps. The cryptocurrency app development has taken global transactions a step ahead!

We need not wait for 5-15 business days for an oversea transaction anymore, as the crypto wallets can transfer them within minutes. Now, let’s have a look at how crypto apps work, its advantages, and mandate features!

What is a cryptocurrency, and how it works?

Cryptocurrency is a virtual currency that is cryptographically secure and has no central authority governing its transactions. The crypto transactions are logged on the blockchain ledger. The ledger is enabled with the write-once feature so that no one can alter the data added to the chain of transactions. Even if the particular crypto transaction has legitimate modifications, it is appended instead of overwriting it, as like our public land ownership ledgers. 

The community of blockchain regulates the crypto transactions, and they are awarded for the proof-of-work with the crypto coins. The nodes that verify and approve crypto transactions are said to be miner nodes. This is all about cryptocurrency and its transactions! Let’s get into the benefits and features of creating crypto applications!

Benefits of creating a cryptocurrency application

• The decentralized nature of cryptocurrency lowers the hassle of application owners, as the community takes up verification, approvals, and reconciliation of transactions. 
• Head towards consensus goal.
• Devoid of intermediaries and third-parties.
• Fast, efficient and economic global transactions. 
• Secure and safe transactions.  

Mandate Features that must be induced while creating a crypto application

• Intuitive user interface with the easy signup process.
• Showcase real-time market trends through elegant graphical representation.
• Search feature to find their desired crypto asset.
• Enhance secure private key generation as per the user requirement.
• Enable multi-factor authentication to access the crypto coins. 

Conclusion

Every day the blockchain and crypto app development companies are showering their innovative P2P, blockchain-based applications for the betterment of society. You need not layback in this competitive market space, bang with your business idea!