Buy Verified Omgfin Account

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What is Omgfin Account?

OMGfin is the pioneer in building a trading system for digital assets focused on young investors and social network. By connecting with professional investors. Our goal is to bring together a community of traders who share experiences and help each other achieve their individual profit goals.

Buy Verified Omgfin Account – Full Details

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What is an Initial Exchange Offering (IEO)?

In 2018, an alternative to ICOs appeared – Initial Exchange Offerings (IEO). The main difference between these methods of attracting funding lies in the critical role of the exchange, which selects promising and viable projects(in its opinion).

With an ICO, a listing of tokens on the exchange may be delayed by several months after the completion of the token sale, and usually, projects lose a lot of hype during the process. In the case of IEO, the exchange is initially the critical partner of startup. So, it can issue tokens and sends them to the exchange. That, in turn, distributes digital assets among interested investors who are verified users of the trading platform.

Instead of the usual ICO, where investors send funds to a smart contract, an IEO participant needs to register (and, as a rule, verify) on the exchange, transfer funds to the account and after starting the token sale, purchase coins from the exchange directly.

The agreement between the exchange and the organizer of IEO may contain various conditions: the maximum sales cap of tokens per investor, a predetermined asset price, hard cap,soft cap, the percentage of sales and a fixed amount of funds for the trading platform, the distribution of marketing costs, etc.

The scope of the Initial coin offering has developed rapidly over the past few years, but by the end of 2018, it had almost exhausted itself. The reasons for this are legal uncertainty, non-fulfillment of promises, bankruptcy of many projects, fraud and the lack of mechanisms to protect the rights of investors as well as the tightening of measures by financial regulators.

Maybe an improved method of raising funds will become a natural result of the ICO boom and will repeat its success, thereby restoring confidence in token sales.

Advantages and Benefits of IEO

By hiring the right IEO developers you can avail the appreciable benefits from their end.

1. Right off the bat, IEO will allow the developers to take the complete advantage of the existing user base of a crypto exchange. By making use of the power of exchanges, IEO’s make it easier for more number of people to participate in the crowdfunding process.

2. This new strategy can eliminate scams in the fundraising process which has been the major issue in ICO process. By making contributions through cryptocurrency exchanges, investors will get to lower the chances of losing their funds to scammers.

3. By hosting IEO’s on the respective exchange platforms, crypto exchanges are directly affirming the credibility and reliability of the project. Exchanges need to carry out research on an IEO project before they host it on their exchange platforms.

4. Listing the project tokens on exchanges would be more comfortable after hosting on IEO making the process less tiresome for all the parties involved here.

What are the conditions for receiving rewards?

1. You must share your deal for a certain number of people. And those you share must also execute your same transaction. (The system will not work if you create fake sharing transactions)

2. The total transaction amount must meet the specified threshold.

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