Now crypto start-up companies can list their IEO token upon Bitcratic and investors can buy the token on its platform.
India| May 06 2019: Bitcratic is an emerging decentralized exchange, inviting companies and investors to trade IEO on its platform. Bitcratic is a decentralized exchange for ERC 20 tokens use off-chain order book with on chain settlement. The objective of the Bitcratic behind launching initial exchange offering platform is to create awareness about IEO and providing an interactive platform to cryptocurrency start-up and investors, thereby they both can trade without any hassle.
About Initial Exchange Offering (IEO):
Initial Exchange Offering is an innovative model, is conducted on the platform of cryptocurrency exchange. Unlike Initial Coin Offering, an IEO is governed by cryptocurrency exchange on behalf of the start-up who wants to raise funds with its newly issued tokens. Since in IEO, exchange plays the most crucial role and token sale is conducted on its platform so the token issuers have to pay the listing fee along with a percentage of token sold during the IEO. In return, the token of the start-up companies are sold on the platform of exchange, and coins are listed after accomplishing of IEO. As the cryptocurrency exchange takes a percentage of the tokens sold by the start-up, in return the exchange assists the start-ups in marketing operation.
The advantages of IEO Initial Exchange Offering:
The objective behind the IEO Initial Coin Offering is to develop the trust, accountability, and transparency in Initial Coin Offering. Besides, IEO focuses on building the trust of the investors and simplify the complicated process involved in floating a crypto-crowdfunding project. It comes with multiple advantages:
• Exchange check the ICO project meticulously before featuring them on their platform.
• The platform manages the process of marketing, so don’t need to spend additional money to market the token.
• IEO project is not bound by any regional restrictions and backed by the exchange so it has the potential to influence more investors.
Who can list their IEO on Bitcratic?
Anyone can list their IEO on Bitcratic as long as they are not from any restricted country. Just like ICO, IEOs will use compliance methods such as KYC to confirm a user’s identity. Once KYC is complete, users will be given access to the sale.
The objective of the Blockchain is to decentralize the world. Bitcratic is here to empower the decentralized exchange. Bitcratic is a decentralized exchange for ERC 20 Tokens. Bitcratic use off-chain order book with On-chain settlement.
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