What Are Wrapped Tokens?

  • 20 min
  • Beginner
  • 21.06.2021
  • #Blockchain
  • #Investing
  • #Mining
  • #Token
  • #Use Case
What Are Wrapped Tokens?

Introduction

Initial exchange offerings, or IEOs, are a relatively recent development in the world of digital assets. An IEO is often used as a way to raise funds with the help of a reputable exchange or trading platform.

What Exactly Is An Initial Exchange Offering?

As the name suggests, an initial exchange offering is a way of raising funds by enlisting the help of an exchange. Some people may draw parallels between an Initial Coin Offering and an Initial Exchange Offering, but there are a few key differences we will discuss later on. Leveraging the concept of an IEO has many benefits for the team conducting the crowd sale, as well as the trading platform involved in this matter.

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