This time last year, no one had even heard of an IEO (Initial Exchange Offering). But in the past six months, token offerings where an exchange acts as the counterparty have gone from the novel to the de rigeur model for the next generation of crowdsales. Binance Launchpad’s BitTorrent (BTT) sale in January speaks volumes to the promise of the IEO. The sale of a whopping 60 billion BTT coins completed in a mere 14 minutes; it would have finished in a matter of seconds had there not been a technical bug, according to Binance founder, Changpeng Zhao (CZ). Being sanctioned by an exchange and immediately tradeable, IEO ... (full story)