Have you been doing your research on cryptocurrency and blockchain? Then you must have come across the IEO blockchain at some point. Standing for Initial Exchange Offering, IEO has recently gained plenty of attention as a result of its rising popularity. For starters, IEO entails developers creating project tokens, which they then send to the exchange. Then exchange then provides crowd sale service which includes selling of tokens to individual contributors. In other words, it is the exchange that acts as the middleman between investors and projects.
Although IEO’s popularity has doubled in the recent past, not so much has been said about this blockchain especially concerning its future. Here is an analysis of the future if the IEO blockchain.
The future of the blockchain is pegged on cryptocurrency exchanges
As a blockchain, IEO relies heavily on cryptocurrency exchanges. Although it is hard to know what precisely lies ahead for the blockchain, the reality is that IEO’s future will be pegged on the changes in the crypto world. For instance, the policies enacted by the regulatory bodies in the crypto community will determine whether the blockchain will thrive or not. If crypto booms, IEO will thrive as well.
It will continue functioning like a fund-raising tool
Over the past few months, results from various institutions tasked with monitoring the developments in the crypto world indicate that IEO is presently working as a fund-raising asset and it is expected to continue working that way in the future.
While IEO is not subject to control by multiple regulatory agencies, this has made the blockchain a favored target for a host of illegal activities key among them money laundering. Again, there are lots of IEO scams online that has led to massive loss of funds belonging to innocent investors. To curb these illegal activities that are currently plaguing the blockchain, there will be increased scrutiny in the future. Businesses dealing with this blockchain will be subjected to strict measures moving forward. More regulatory bodies will be formed to closely monitor IEO.
IEO is by far the most promising blockchain at the present moment. This can be explained by its soaring popularity since every investor wants to invest in IEO for better returns. Again, the blockchain has global acceptance among investors, making it a suitable investment option for investors striving to invest in crypto. Therefore the blockchain is anticipated to continue rising in popularity even in the future.
A lot can be said concerning the future of IEO. While the future of this blockchain isn’t certain, there are already some clear indications pointing out how the blockchain will fair in the future.