Hello friends! Today, I’m writing about the Collective IEO. The Collective is a community management company which is currently developing the products; a hybrid exchange (CDEX Decentralized Exchange & TraderOne Centralized Exchange) & the CollectiveGO Game which is an augmented reality game. The Collective has chosen a method to collect funds for developing their products. It is the Collective IEO. The IEO is conducted at the Chaincreator Exchange.
So, what is an IEO? The term ‘IEO’ refers to the Initial Exchange Offering. This is quite different from the ICO which refers to the Initial Coin Offering. The typical method of collecting funds for blockchain projects is the Initial Coin Offering (ICO). An IEO is run through an exchange. In this case, the project developers send the tokens to the exchange which will then sell the tokens to the contributors. Each contributor has to create an account in the exchange to participate in the IEO. Then the contributor sends ETH to the exchange to buy tokens. In an ICO, the contributor sends ETH to a Smart Contract.
The Collective has taken the best decision of conducting an IEO instead of ICO. It will receive the following advantages from the IEO.
The team does not need to create their own website to collect funds. The Chaincreator exchange will do the job for the team.
The team does not need to create their own smart contract as it is managed by the Chaincreator Exchange. The team just need to send their tokens to the exchange.
If the collective team needs to know about the KYC of customers, the Chaincreator Exchange will do that for the Collective team.
The Chaincreator Exchange where the IEO conducted will list the CDEX Token in the future. This a big advantage for the Collective team.
One of the main advantages of conducting an IEO is the trust. As the IEO is conducted on the Chaincreator Exchange, its users will trust the project. The Chaincreator Exchange maintains its good reputation among the users. So, the participants can trust the Collective IEO, meaning that there are many investors to the project.
Now, you exactly know that the Collective is conducting an IEO. Then you need to read the Whitepaper & visit the Website to study the project. If you decide to participate in the Collective IEO, you need to do the following steps.
This token is a utility token that can be used for operations on the CDEX & TraderOne Exchanges. It has the following features.
The IEO price of a CDEX token is 0.01 USDC ($0.01). The early contributors will receive a 20% bonus for a limited period of time. If you hope to purchase more tokens, it is good to participate as early as possible as you can get the 20% discount.
The Collective has the following products as its MVP (Minimum Viable Product).
Please refer to the following resources to find out more about the Collective project & its IEO.
