Since the inception of crypto, most investors and traders have been only able to invest, trade, buy, and sell crypto. When it comes to the topic of fundraising, crypto has found a way to revolutionize the process. Going back last year, the majority of the fundraising in the crypto sector was done via a process known as Initial Coin Offering (ICO) but in recent times, the whole process has changed entirely. According to research, the major reason why ICOs were abolished was probably that most of the events were a scam.

The Emergence of IEO Platforms.! 

Probably with the absence of a framework that protects investors from getting defrauded in most countries, investors are skeptical about putting their funds in bad investments. With the constant need for funding that has not yet been removed, firms have decided two methods where they will get enough funds without investors getting scared of scams.

With the first being a closed private funding network, the other is the use of Initial Exchange Offering. Initial Exchange Offering (IEO) is carried out by a known and trusted crypto exchange platform on behalf of a start-up. 

To carry out the IEO on a trusted platform, the new startup pays the platform some amount of money to help them list their coins for sale and at the end of the day, list the coin on their exchange platform. The breakdown of the process is that an exchange platform helps a new startup enlist their digital assets on their platform and at the end of the day, they get a percentage out of all the bought coins and enlists the coin on their platform. IEO participants are directed to open an account on the platform that the sale is happening and purchases the new coin that is listed there.

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This article takes a critical look at the best IEO launchpads available today; 

Binance Launchpad by Binance Exchange

Binance did its first IEO back in 2017 and is regarded as one of the best platforms that a coin offering can be carried out across the globe. Binance made history as it made an offering on an AI project back in February and collected $6 million in 22 seconds. Binance was also the name behind sale of BitTorrent tokens as it made $7.2 million in 18 minutes.

WazirX, Fetch.ai, Celer Network, Harmony, WINK, Cartesi are some of the other tokens launched on Binance Launchpad. 

Huobi Prime by Huobi Global 

Huobi prime was launched as an IEO platform in March by Huobi Global and the platform can be said to be one of the most successful platforms after Binance. The platform was responsible for the enlisting of the Top network project. The firm is famed for the completion of the sale of a token in a matter of seconds and the price rose as high as over 250%. Huobi prime offers Direct Premium Offering which gives users some advantage.

OKEx Jumpstart by OKEx Exchange

Listed as one of the best crypto exchange platform as a result of the rate of success and the volume of transaction recorded on the platform. OKEx has transfered the success witnessed on its platform to its coin listing platform known as OKEx Jumpstart. Since it was launched in March 2019, OKEx Jumpstart has hosted more than 10 tokens on its IEO platform including Blockcloud, Allive, En-Tan-Mo,Wirex, Echoin and others.

Tokinex by Bitfinex

After a partnership between Bitfinex and its sister company, Ethfinex, both of them announced the launch of their IEO platform which is known as Tokinex. After its announcement, the platform listed its first ever coin on the June 23 2019 with the second listing coming closely a month later on 23 June 2019. Up till this present moment, Bitfinex has hosted numerous coin listing including Ampleforth and K.im token. 

Probit Launchpad

Over the years since its inception, Probit has witnessed a relative amount of success when IEO is concerned. After hosting its first coin offering in February 2019, it has gone on to host about 70 coin offerings on its platform. The fastest sale ever recorded on the launchpad is the linix IEO which was sold out in about five seconds and raised $300,000. The first IEO for SportX helped the sports IP sell out all 5,000,000 of their SOX tokens with the price surging as high as 300%.

Coineal Launchpad

Coineal has been making waves in the IEO scene since its inception in 2018. The platform boasts of a trading volume of nothing less than $700 million daily. Like the majority of their counterparts, Coineal has hosted multiple coin offerings on their platform which includes IEO’s for IPW Token, Levolution, and Kizuna Global Token. According to a Vietnam based REDFOX Labs, Coineal seems to be their best option because of the rate of their success across Asia.

Coinbene

Coinbene is known around the crypto world as one of the best and trustworthy crypto assets platform. Often a top 10 favorite, the platform boasts of a big community of followers. Around 2018, the firm was contemplating starting up its IEO platform but didn't start until March 2019 and it has witnessed massive patronage.

In conclusion, there are multiple IEO platforms where you can get a list of coin offerings but the platforms here are some of the best across the globe. Majority of them offer different kind of services and they witness mass patronage on their platforms as a result of the safe, fast and efficient services.