The gradual speed at which the blockchain technology has been creeping into our lives is no secret. The blockchain technology is making headway into several spheres which include health, gaming, finance, artificial intelligence amongst other industries. Today, I intend to bring to your attention for a final time, The Collective. I will like to term The Collective, an all encompassing blockchain ecosystem. This platform offers cryptocurrency exchange services (centralized and decentralized), gaming service and a global initiative which is intended to help the company expand it's framework. If you intend to learn more about the fundamental aspects of The Collective, you can check out my previous article written by me.
Explaining the IEO model
Seeing the phrase, Initial Exchange Offering might spark many questions within several minds and this has led me into trying to explain what it truly means. IEO and ICO are pretty similar in that they are both fundraising mechanism and offer users the same token benefits and the possibility of earning some profit on investment.
The major difference between ICOs and IEOs lie in the fact that ICOs are opened to everyone but IEOs are limited to the participants within the exchange that hosts the IEO. This method (IEO) really does prevent fraudulent activities with investors being sure of the credibility of projects team through intensive vetting processes. Finally, holding an IEO makes it easy to list the token in question on the exchange platform that the IEO was held.
What drove the change from ICO to IEO
With the ICO going according to plan, it might sound absurd that the team behind The Collective have decided to switch the field of play. This team took this belated action simply because they intend to leverage on the many benefits which come with exchange based funding.
The hosting exchange
The exchange holding the IEO of The Collective is Chaincreator. Chaincreator is an ecosystem of crypto platforms which is designed with the aim of solving majority of the problems on the market today. The services offered include helping viable projects raise funds, creating exchange platforms for other parties, creation of marketing campaigns, and trading of digital assets. By incorporating all these features into a single ecosystem, the team intend to make crypto related services accessible to everyone.
The IEO
The team behind the Chaincreator platform seem to be ecstatic to be teaming up with the The Collective. This partnership is one I see as two potential giants teaming up in order to further enhance their reputations.
The IEO of The Collective will launch on 6th of May with pre-registration already underway with the launch of the IEO website. Unlike other exchanges which require investors to purchase the local token within the ecosystem in order to participate in IEOs, Chaincreator will accept USDC, ETH and BTC. The token (CDEX) price will start at 0.01 USDC with bonuses varying during the IEO. The IEO is set to close on 15th of July, 2019 even if the hardcap is not achieved.
You can be sure to get further information on the IEO as time passes by visiting Twitter, Facebook and Telegram.
Closing thought
From the advantages I've been able to highlight in the course of the article, it seems pretty clear that the team is making the right choice in deciding to switch to an IEO. What we can hope for is that the project performs as well as expected.
For further information, you can visit any of the following links;
Official Website: https://www.thecollectivegroup.org/ico/
Whitepaper: https://www.thecollectivegroup.org/ico/WP_Collective.pdf
Telegram: https://t.me/TheCollectiveGO
Facebook: https://www.facebook.com/groups/1176407375842141/
Twitter: https://twitter.com/TheCollectiveGo
Bounty0x Username: tbossmitche
