Survajith S Krishnan’s Post

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Partner | N.C Rajan & Co.. Co Founder | Daas Pro Technologies ., Consultant | Gojith Management Consultants.. Secretary | CBE ICAI

Understanding the Differences: ICO, IDO, and IEO Blockchain users often encounter terms like ICO, IDO, and IEO, but what do they really mean? Here’s a simple breakdown to make sense of these fundraising methods, : 🔹Initial Coin Offering (ICO): Think of an ICO as a crowdfunding campaign for a new cryptocurrency project. The project team creates a new token and sells it directly to investors to raise funds. Example: Imagine you have a great idea for a new chai cafe chain in India. You create special chai tokens and sell them to your friends and other chai enthusiasts to raise money. They can use the tokens to buy chai at your cafes once they’re open or sell them later if your cafes become popular. 🔹 Initial DEX Offering (IDO): An IDO is similar to an ICO but takes place on a decentralized exchange (DEX). The DEX facilitates the sale and connects you with potential investors. Example: Using the same chai cafe idea, you sell your chai tokens through an online community platform that supports small businesses in India. This platform helps match you with chai lovers across the country without controlling the process. 🔹Initial Exchange Offering (IEO): An IEO is a token sale managed by a cryptocurrency exchange. The exchange vets the project and sells the tokens on behalf of the project team. Example: You approach a popular online marketplace that has a large customer base in India with your chai cafe idea. The marketplace checks your business plan to ensure it’s solid and then sells your chai tokens to its customers, handling the sale securely. Summary: - ICO: You sell tokens directly to investors. - IDO: You sell tokens through a decentralized platform. -IEO: A cryptocurrency exchange sells your tokens, ensuring a secure and vetted process. Understanding these differences can help you navigate the blockchain space more effectively. Have questions or need more insights? Let’s connect and discuss! Stay Tuned for more insights!! #Blockchain #Cryptocurrency #ICO #IDO #IEO #TechInsights #ChaiBusiness #StartupIndia Anantha C.R. Swathy Venkatesan M N Kannan

Balasubramaniam K

Proprietor at Balasubramaniam& co.

5mo

Insightful!

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