What is Initial Exchange Offering | My Entry for the contest of @coingecko

Hello dear Steemians!

This is my review of CoinGecko 2019 Q1 Report for their recent contest.

So, first of all, I want to say BIG THANK YOU! to @coingecko for their great job! The CoinGecko 2019 Q1 Report is really amazing! I think all the information is very interesting and useful to read. Every Steemian can find in the report some interesting to themselves info.

But, today I will comment on one piece of the report and this is about the Initial Exchange Offerings (IEOs). And it think that's quite a relevant information at the moment:

source: CoinGecko 2019 Q1 Report page 15

Nowadays, there is a big hype on the market of Initial Exchange Offerings. At the moment many people (including myself) try to join this hype and to benefit from it (to make fast and easy money) as it was in 2017 on the market of ICOs. Just to let you know I am a very active participant in the IEO market, because sometimes you buy tokens and their prices increases 3 to 10 times almost immediately. So, everyone wants to make fast and easy money. That's why there is a solid hype on the IEO market and this is a very popular topic at the moment, as ICO topic was very popular back in 2017.

And that's why I do like the next slide of the report of CoinGecko comparing ICOs and IEOs and what the main differences between them are:

source: CoinGecko 2019 Q1 Report page 16

So, having a look at the slide above the reader can very fast receive an answer to the question what is ICO and IEO and how they differ from each other.
That's why, I want to say BIG Thank you! to @coingecko for the very well articulated report. It is very informative and easy to read and understand.

As we see in the slide above that one of the advantages of IEO over ICO is that the cryptocurrecny exchange on which the IEO take place is the middleman. That exchange analyze the token and decide if it is worth to sell it via the platform of the exchange and later to list it on the exchange. So, it increases the trust of the investors in the token, because they know that most exchanges will not list scamy tokens. And we know that in 2017 on the ICO market there were a lot of scam.

In addition, we see that, according to the slide above, after the IEO takes place, the token is listed on the exchange almost immediately, so that the investors can almost immediately after the token sale, trade their tokens on the exchange. It is a big advantage over the ICOs, because in 2017 many people bought tokens in the ICOs, but later those tokens were not tradable on any exchange.

But, keep in mind, that if you want to participate in the IEOs most exchanges require KYC (Know-You-Customer) verification. In comparison, most of the ICOs back in 2017 didn't need it. All these differences are indicated in the CoinGecko 2019 Q1 Report.

So, now let's continue. In the next few slides, @coingecko indicated the main exchanges that have platforms for IEO. So they give you the information where you can participate in such IEOs if you are intrested in. For example, Binance and their Binance Launchpad (platform for IEOs):

source: CoinGecko 2019 Q1 Report page 17

And CoinGecko even outlined the IEOs that have already taken place on the platform Binance Launchpad so far:

source: CoinGecko 2019 Q1 Report page 18

Those are the IEOs of Bittorent, Fetch.AI, Celer Network. In the slide above you can see even the price dynamics of that tokens after they were listed on the exchange after the IEO.

Yeah, Binance Launchpad still seems to be the king and the biggest platform and most famous one in the IEO market.

But, there are many other platforms for IEOs. Binance Launchapd is not the only one. That's why @coingecko did a great job and included in its report the other big players on this market as well:

source: CoinGecko 2019 Q1 Report page 19

In the slide above we see some big names, such as Huobi, KuCoin, Bittrex, OKex with their platforms for IEOs. And, as you see, @coingecko even included the name of the tokens that were sold through IEO on that exchanges, and the main data (statistics about them).

And I want to say that those are really great platforms for IEOs as well. I use Huobi Prime and Bittrex International as well, in addition to Binance Launchpad. And, so far, I personally think that the best one is Huobi Prime
. About two weeks ago I participated in the IEO of Newton Project (NEW) that took place on Huobi Prime. I was able to buy some tokens:

After the IEO of NEW, almost immediately the token was listed onHuobi exchange and I sold the tokens bought at prices 5 times higher than the prices during the IEO.

Later, I wrote on Twitter and on Steemit a "Thank you!" post to Huobi Prime. And, yesterday I was surprised and really very happy when I saw that Huobi sent a bonus of 10000 NEW (approximately $63) to me, because they liked the "Thank you" post that I had written. This is a proof that I received yesterday that bonus from Huobi Prime:

So, in my view, at the moment the platform for IEOs of Huobi is the most user friendly.

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Now, to sum up! Let me tell you why I do like the report of CoinGecko 2019 Q1 Report. Just in 4-5 slides they were able to explain what is an IEO and to outline the main differences if compared to ICOs. Also, @coingecko were able to show what are the main platforms for IEOs (in case you want to participate in IEOs), what IEOs already were conducted on those platforms and the main data about those tokens.

Actually, some people interested in IEOs cannot figure out what exactly IEO is, where those IEOs take place, etc. even reading information about it on different forums for hours, and even days! CoinGecko was able to articulate all the information necessary just in 4-5 slides, and in a easy to read and understand way! That's why for people interested in the cryptocurrency market it is very beneficial and useful to read the reports of CoinGecko. You spend on reading not too much time, but receive the most important information (all-you-need-to-know)!

Great job! Hats off to Coingecko!

p.s. fellow Steemians, keep in mind that I just expressed my opinion on just one part of the CoinGecko 2019 Q1 Report . I would like to say that in their report they included the most relevant (at the moment) information about the cryptocurrency market. So, all you need to know about the cryptocurrency market and to keep up with the most important crypto news and events is in the report. That's why I will always follow and read the reports of @coingecko!

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A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 13 years, and as a cryptocurrency analyst for the last 2 years. For 6 years I worked as a FX and crypto analyst for the biggest brokerage company in Russia

And, that's me, wearing my CoinGecko T-Shirt:

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