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Industry Players Criticize Initial Exchange Offerings as Alternative to ICOs

IEOs offer an alternative model of token offering wherein a crypto exchange acts as a form of underwriter, operating the sale and ostensibly vetting both the projects themselves and prospective investors.

The IEO phenomenon has apparently gained traction amid a declining ICO market that has absorbed the adverse impact of a regulatory crackdown and bearish crypto valuations.

Bloomberg cites crypto data tracker CoinSchedule.com, whose data reportedly indicates that around $180 million has been raised in 23 IEOs, with most taking place since February.

Yet IEOs’ re
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