A look into the lore, touch points, and themes of the crypto-verse.
An Initial Exchange Offering or IEO is an evolution of the Initial Coin Offering or ICO. While anyone in the world is able to start and participate in an ICO, the IEO is more restricted. In an IEO, a centralized exchange serves as a platform for a project’s initial sale of tokens.
At present, digital services are centralised. This has given rise to issues around control and security. In future, thanks to technologies like blockchain, our favourite services would be decentralised, making things more secure and putting power in control of users, not owners.
A utility token is typically a token that allows an owner to use a product or service. A security token is a type of token that’s regulated by financial authorities, and as such, attractive to institutional investors. Both represent an increased specialisation in the types of token now being issued.
Mining is energy and hardware intensive, leading to mining conglomerates that dominate and often control networks. A mining contract is for those who want to reap the benefits of solving very complicated math problems without investing or running the necessary server hardware to do so.
A stablecoin is a cryptocurrency designed to have low price volatility. Stablecoins are used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be less desirable. Different stablecoins use different strategies to achieve price stability, some are centralised, others are decentralised.