The tokoin IEO sales and the successes thereafter
Sometime between 2017 and 2018, ICOs were the in thing as many new projects came to being, taking due advantage of that fashion of fund raising. This fashion of fund raising was largely successful as billion of dollars was raised by many start ups to help enhance their development.
ICOs just like many other fundraising ventures had its own fair share of flaws, and this includes the fact that many fraudulent projects emerged in the said period with the sole purpose of extorting and scamming people of their hard earned money. Besides scam, some of the other ways by which ICOs proved to be ineffective are discussed in this article.
Issues with ICOs
ICOs had a number of issues that made it highly unfavourable for investors, these issues are numerous but a number of those issues are highlighted below;
Listing on low tier exchanges: most projects launch their ICO sales while making very bogus promises to investors, but as soon as they are done with sales they either pend the listing and when they eventually get listed, they do so on a low liquidity exchange where investors will find it difficult to cash out.
Change of terms: after the end of sales in ICOs, developers usually come up with new rules that are most times not so favourable to investors. Most times this ends up putting investors in positions that make them lose a substantial amount of money, this situation has since discouraged many investors from participating.
Difficulty in meeting softcap: because of the issues mentioned above, most projects end up not meeting their softcaps, let alone hardcap, and the implication of this for investors is that they most times end up getting refunded after a long wait, and in the process they could end up some USD or sat value of their money.
Why tokoin chose an IEO
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The above mentioned flaws of the then conventional ICO is largely why tokoin decided to settle for an IEO instead, in order to help protect both the project and investors as well. The platform has been under development for quite a very long period of time now and the project developers have never been in a rush as regard their choice of exchange for the IEO. It was why they carefully and patiently sorted and screened through the many exchanges in the space before they went for what's considered one of the best exchanges in the space.
The tokoin spotlight sales
The sales of tokoin on Kucoin can be considered to be one of the most successful IEO sales in recent times. The token sold out in few minutes and peaked at ×9 ROI from the initial exchange offering (IEO) price and currently trading at approximately ×3. A link to the USDT trading pair on Kucoin can be found below: https://www.kucoin.com/trade/TOKO-USDT
Post IEO
The development of the tokoin project has been in full gear even after the end of the kucoin IEO sales and seeing all the efforts currently being invested by the team into the project, I have no doubt that the best of it all is yet to come. Tokoin has a lot of development scheduled between now and the first quarter of 2020, we hope to see how they all unfold.
Summary
Lately, crypto projects have not been churning out huge ROIs from IEOs like they used to, but tokoin was able to successfully pull a ×9 ROI on Kucoin, this goes a long way to tell the depth of this project in terms of prospect and ability to overwhelm all of its supporters both now and in the nearest future.
USEFUL LINKS
Website: https://www.tokoin.io/
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Author's Telegram ID: @Dedek