White Paper & Token Issuance
Initial Exchange Offering (IEO)
A token sale conducted through a centralised exchange — exchange handles distribution and KYC.
Definition
An IEO is a token sale conducted through a centralised exchange. The exchange handles distribution, KYC, and the technical sale infrastructure on behalf of the issuer. Under MiCA, the exchange is providing the "placing of crypto-assets" service; the issuer remains the substantive offeror.