Evedo revolutionizing Blockchain with the new IEO model

Tired of hearing about ICOs?  Well how about IEOs? Not sure what are these terms?  An ICO (Initial Coin Offering) is where a token is created, and investors are given the chance to invest before the ICO (Pre-ICO or Pre-Sale).  So what's an IEO (Initial Exchange Offering)? It's effectively the same thing but with one big difference, it's organized through a single exchange, not by an independent platform.  Here's more on the IEO concept:

An Initial Exchange Offering, as its name suggests, is conducted on the platform of a cryptocurrency exchange. Contrary to Initial Coin Offerings (ICOs), an IEO is administered by a crypto exchange on behalf of the startup that seeks to raise funds with its newly issued tokens.  As the token sale is conducted on the exchange’s platform, token issuers have to pay a listing fee along with a percentage of the tokens sold during the IEO. In return, the tokens of the crypto startups are sold on the exchange’s platforms, and their coins are listed after the IEO is over. As the cryptocurrency exchange takes a percentage of the tokens sold by the startup, the exchange is incentivized to help with the token issuer’s marketing operations.  IEO participants do not send contributions to a smart contract, such as governs an ICO. Instead, they have to create an account on the exchange’s platform where the IEO is conducted. The contributors then fund their exchange wallets with coins and use those funds to buy the fundraising company’s tokens.

So who is doing IEO?  Tons of companies, one is called Evedo.  Evedo is a blockchain based platform, consisting of B2B & B2C Marketplaces. It unifies all businesses and participants involved in organizing events.Evedo’s ur aim is to build a marketplace and a true ecosystem that will help the $850+ Billion event industry grow by connecting all parties without unnecessary middlemen.  Evedo is a real ecosystem that is challenging the status quo of the Blockchain world. Click here to see the Evedo IEO page.

 

Here's a better look on the deeper world of what an IEO really is:

ICOs have been an undoubtedly positive force for blockchain, giving exposure and capital to projects that have pushed the industry forward. Even so, they have been known to have issues with transparency and security, putting them at odds with regulators.  However, crypto exchanges are improving on the original model with the initial exchange offering (IEO). By managing the token sales for projects, exchanges provide greater compliance, and give investors trust that projects are likelier to succeed thanks to extensive due diligence. With more exchanges joining the growing trend, IEOs may be a major influence for crypto adoption.

So we aren't just talking about a fad - we are talking about a major shift in thinking.  ICOs were cool in 2016 and 2017 but by 2018 there were more fake fraud scam ICOs than there were real projects.  And even the real projects didn't do so well.

So Evedo is not just an idea, they have already launched an Alpha version and are gaining local traction.  These guys know what they are doing - they aren't just one of these kids in a garage type of ICOs, this is a very professional organization.  They see the need for this and presented the solution, all on the Blockchain.

In fact, Evedo is so advanced they are exploiting well the new IEO model which is more like the traditional stock IPO, vs. the ICO which is broker/platform independent.  When you have a Pre IPO stock like Uber for example, it isn't that Uber creates it's own exchange for you to buy it on, that would be crazy.  Well that's what most ICOs have been doing, and obviously - there's been room for lots of fraud. An IEO is a more solid model because there is perceived to be less counterparty risk.  That means you aren't worried that the exchange itself is going to collapse. This is not to say that the price of the Evedo token (EVED) is going up - no. It's simply putting the old ICO model on it's head, being top down instead of bottom up.

If this works for Wall St. it should work for Blockchain.  It makes sense because tokens like (EVED) can have a smaller raise with less risks such as counterparty risk.  In fact many are asking the age old question 'why we didn't do this before?' - there's one simple answer, because everything is an evolution and people needed to see many ICOs crash and burn before coming to this logical and rational conclusion.

While Evedo is getting lots of attention in the press, it's not getting the attention it deserves - but it will soon.  They have even put an Alpha demo out there for you to get an idea of what this is.  It will help you find events in your area - and that's just the beginning.  Evedo is changing the way people connect with events, and it's all on a Blockchain platform.

But this isn't about Evedo, there are tons of other IEO's going on, too many to list here.  The concept is that this is an exchange-traded product. Look from a compliance perspective.  When you have a broker (let's use eTrade like an example) eTrade does the know your customer (KYC) on each client.  They offer trading of listed stocks on exchanges. If an IPO wants to list, it doesn't do KYC on all customers - that's the broker job.  That's how exchanges work, and how Blockchain doesn't. So the IEO model is closer to a more traditional Wall St. model than not. We're not saying this is the next great thing which is going to completely take over the world, but that IEO is a healthy evolution towards a better Crypto world.

Of course, some in the community will be skeptical, but we ask you to just take a look at the project yourself for an unbiased evaluation.  On the first look, it looks pretty cool.