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Initial Exchange Offerings Deliver Mixed Performance as We Look at 5 Popular Sales

Published 05/15/2019, 06:48 AM
Updated 05/15/2019, 08:01 AM
Initial Exchange Offerings Deliver Mixed Performance as We Look at 5 Popular Sales

Initial exchange offerings, or IEOs, are a form of token sales vetted and hosted by crypto exchanges. In the past few months, both leading market operators and niche exchanges have launched several offerings. While larger market operators are more conservative and limit the number of offerings, others are extremely active, with token sales too numerous to list.

The most high-profile IEO was also the first one, BitTorrent Token (BTT), which followed the much-publicized acquisition of BitTorrent by the TRON (TRX) project. The IEO on Binance Launchpad immediately peaked from $0.00047 to $0.001, while now the price hovers at $0.0008, scoring gains above the IEO price, but also causing losses for traders in the past month.

This article appeared first on Cryptovest

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