IEO
By Cryptomcmillan1 | Updated on May 24, 2020
Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves. IEOs were popular amongst coin teams as it offered a way for teams to be listed on exchanges upon launch, and was also perceived to be more secure for investors as it is already listed and tradeable.
Related Terms
Peer to Peer
A communication protocol that does not require a central hub
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
STO
Security Token Offering (STO) refers to a public offering for tokenized digital securities, or in short security tokens traded in cryptocurrency exchanges.
Application Programming Interface (API)
It is a software that acts like an intermediary or a bridge that lets two applications talk to each other. It is the one that lets applications, data and devices interact.
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