Cryptocurrency has been around since 2009, but its trade has picked up at a significant pace in recent years. The cryptocurrency industry exceeded every expectation in 2019, and the majority of the market gurus expect it to prosper further in 2020.
So what has changed? How come the cryptocurrency industry is proliferating now more than ever? There are numerous factors accountable for the phenomenon, with the surge of IEOs being the primary catalyst. IEOs have proven to be an advanced successor of the standard ICO model, and the market seems to agree.
Calling IEOs the successor of ICOs won't be wrong since IEO offered what ICOs could not, security. Security and stability was a prevalent concern for everyone indulging with ICOs, and IEO seems to be turning the tide. Several cryptocurrency trading platforms are even launching customized IEO launchpads for attracting emerging ventures, looking to raise capital.
Now that you have a general idea of what the hype is about, you must want to try it out yourself. While the idea is viable, you need to consider the best platform before launching your IEO. The web is filled with platforms offering different schemes and features, so which one should you choose?
Here is the best guide for you to help pick the best cryptocurrency exchange platform for IEO.
Picking the Ideal Platform to List IEO in 2020
Choosing the best platform to list IEO might appear like a daunting task, but it can be done by making a simple checklist. The checklist contains five basic qualities, and if a platform contains each one of them, you can undoubtedly go for it.
Here are the five qualities you need to look for,
Platform's Reputation
Since it was the lack of security that led to ICO's downfall, it is only rational to look for credibility when choosing a trading platform. Your every exchange takes place within the platform, so you need to have the utmost faith with them to proceed further.
IEOs propose rewarding trade prospects, and every profit is directed by an eager investor such as you. Thus, you need to pick an exchange that prioritizes project quality over token sales.
Smooth Functionality
Starting new in the field of IEO can be both a pleasant or disastrous event depending on your platform choice. Getting options for personalization is an addition, but getting bombarded with unnecessary features will only confuse the users.
Dealing with IEOs should be a smooth process, so you need to ensure that the platform facilitates the same.
Liquidity Options
There is no point in choosing an exchange that does not garner an apt amount of investors. Your IEO token stays right beside the IEO; thus, you need the assurance that you'll face no hindrances while selling them.
Enhanced Security
No statements would be enough to emphasize how pivotal security is in regards to IEOs. The service attracts numerous investors from all over the globe, so the exchange needs to be robust enough to handle them.
Moreover, the security needs to be top-notch in order to eliminate even the slightest chance of malicious attacks, subpar performance, or technical bugs.
Versatility
Above everything, the exchange should possess multi-coin compatibility to facilitate versatility to the users. IEOs provide ample opportunities to increase the value of customized coins, but every investor has different preferences.
Therefore, the platform should not be restricted with coin options, allowing the users the freedom to choose.
Wrapping Up
IEOs have emerged as an ideal choice to garner funds for startups, and the approach is certainly picking up its pace in 2020. Choosing the best platform for IEOs can prove to be a tedious task, but the mentioned tips will help you make an educated decision.
Make sure to go through every point and check it with the exchange to ensure safety and convenience while trading.
SynchroBit™ stands tall on every mentioned checklist, making it the best pick for you.