Topic: Initial Futures Offering - How it is different from ICO and IEO? (Read 148 times)
Nice informative article! Thanks for sharing.
Recently, the cryptocurrency exchange CoinFlex announced to launch its first "Initial futures offering (IFO) for its token called PolkaDot's DOT.
CoinFlex CEO Mark Lamb said:
My question here are:
Quote
On July 15th, CoinFlex already started pre-registration for buying DOT tokens at a discounted rate of $75 per DOT.
CoinFlex CEO Mark Lamb said:
Quote
“This is the first time we’ve made a futures market for a coin that doesn’t actually exist yet. It’s a determiner of the price before the asset exists.”
My question here are:
- Is this same as IEO? What is the difference between IEO and IFO?
- Why do exchanges offer these IFO or IEO? How do they benefit from these?
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