Initial Exchange Offering and Binance Launchpad. - Steemit Crypto Academy / S5W6 - Homework post for nane15.
1.)Explain in your own words what an IEO is.
Cryotocurrency works on so many projects but only few is complete and other project which is not complete because of lack of fund but they working on it and now IEO also strands for (Initial Exchange Offer) this is very useful these days in this you can bet in the good way and this is semi modern investment where you get a good benefits.
IEO is a centralized system it help to complete project by funds and it also helps to complete the upcoming projects by funds and it invest in a Decentralized project by the centralized platform and this is good because it offers a assets on the cheap value and this make a good profit after few minutes after the token launch.
IEO is a very safe investment and here ICO and IEO is very similar but few differences is IEO is fully centralised but it is more secure than ICO and you know binance was the first cryptocurrency exchange to hold IEOs by launching its IEO platform.
IEO is safe and attractive way to raise funds for a new project unlike IEO are centralized and more secure and ICO is Decentralized and it is not more secure than IEO initial exchange offering are beneficial for both parties as they allow buyers to transact at a cheaper price and get larger profits. They also help in making purchase in larger quantities.
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2.)Do you consider IEOs an advantageous way to make an investment? Explain.
Yes, I consider IEOs an advantageous way to make an investment and also this have disadvantage but advantage is bigger than disadvantage and my answer is.
It is more secure than others and it is a truth worthy and IEO assures people that their projects and investments are in safe hands and it is far away from cybercrime and When we start any thing, first of all we should study it that what are its advantages and disadvantages and after that we start and here the meaning of this is when you start an investment first we study the graph and after that we study it properly and see its past and future and only then we invest on it and this work is not easy because when you invert on it and then you losses and you losses because of bad decision so firstly you should study all the things carefully and then make a good decission.
When an any person makes a good profit that is because of the IEO allow to buy their assets at a very cheap price and when their asset is in profit and then the investors is also in profit and this plays a very important role in a investors life.
3.)List advantages and disadvantages of participating in an IEO.
We know that the all things in the world is not perfect all things have a advantage and disadvantage IEO is also have a Advantages and Disadvantages.
Advantages
• IEO has a greater chance of being successful in the future because it provides development and marketing support.
• In this when the investors get a larger profits because the IEO allow their investors to buy the assets at a cheaper price and when the assets is in profit so the investors also in the future.
• It is centralized and it is more secure from others and it is difficult to hack.
• In the simple participation any person can participate in the IEO and beginners also participate by following the steps.
• As we know, it is easy to contribute to a ICO Blockchain project because IEO is well designed.
Disadvantages
• First, Disadvantage is the people do not make sure the startup of the project and they do not make sure the value of the price is increased.
• Second, Disadvantage is when you buy an asset and you know the price of an asset is going down and it is totally unpredictable.
• Third, Disadvantage is In the IEO after a token sale the price of a few digital assets is rapidly rise and then quickly come down.
• Fourth, Disadvantage is when you want to join the IEO but you couldn't join because of it allows only fixed investment amount that's why this is not easy to join IEO.
4 .)Explain how to participate in an IEO, for the process explore various exchanges, choose one of them and explain the process.
• In the first step you you to the website Source and then the new display is come in front of you and then you you see a three dots on the left side so you click on the three dots but you have to know all information about the latest IOEs.
• After clicking on the 3 dots the new display open and you see so many options but you click on the IEOs list.
• After clicking on the IEO list the new display open and after that you see a three dots on the right side so you have to click on the 3 dots.
• After clicking on the three dots the new page is comes and then you see the launchpad option so you have to click on the launchpad option.
• After clicking on the all launchpad option now you can select your own interest. After that if you want to click on the all launchpad option you see a all exchanges like binance, kucoin, huobi global and ftx and other options.
• After that my next step is I check the list of exchanges so for checking the exchanges in the first I click on the FTX exchange and the second is huobi global exchange.
• After these steps I have to answer the question first I go to the IEO of kucoin and after that I click on the IEO of velo coin and then I click on the visit launchpad.
• In the next step the new display is open and then I create my account after filling all details like email and then I create my password and then my account is created.
• After these all steps my account is created.
5.) As an example of a project that had a successful IEO, explain that project. Be on topic. (Use from screenshots.)
BitTorrent
Now we discuss about BitTorrent it is a communication protocol for P2P peer to peer file sharing it increase the speed of internet means If you are downloading any file, then that file will be downloaded with more speed in comparison to others.
History
This protocol is designed by Bram Cohen in April 2001 and the first implementation of BitTorrent client is released on 2 July 2001.
Tron
Tron was founded in September 2017 and it is founded by Justin Sun and BitTorrent partner with tron in 2019.
Popular Clients
qBittorrent
BitTorrent
Vuze
Deluge
Bitport.io
uTorrent
Tixati
BiglyBT
BitTorrent IEO Details
IEO - Binance Launchpad
DATE - 28-01-2019
Raised - 7, 200,000 $ Dollars
IEO Price - 0.00012
Binance Launchpad
Conclusion
Today I learnt new thing the thing is IEO and also ICO and I am happy to know about these things and now I am thanks to the proffesser @nane15 for this beautiful lesson and I am glad to answer these questions thank you professor for this beautiful lesson.