Initial Exchange Offerings (IEOs) have emerged as an excellent means of raising capital by cryptocurrency projects. IEOs are gaining popularity within the crypto space, and many people consider them to be an upgrade to Initial Coin Offerings (ICOs).

Differences between IEOs and ICOs

Token sale platform: The primary difference between IEOs and ICOs is the platform where the token sales are carried out. In the case of ICOs, the project developers usually create smart contracts on Ethereum or other similar networks and carry out their fundraising process.

However, for IEOs, the token sales are exclusively carried out on the chosen cryptocurrency exchanges. The exchanges such as Binance have platforms like Launchpad where the tokens of a project are sold to investors.