What is an IEO

An Initial Exchange Offering is a crypto Token Generating Event (TGE) on a regulated or licensed cryptocurrency exchange such as Binance Launchpad or Huobi Prime. The crypto exchange manages the launch of the IEO on its platform. This is different from a ICO which is launched on the Issuer’s platform.

To be listed on a regulated/licensed cryptocurrency exchange, an IEO Issuer must obtain a formal legal opinion from an accredited law firm on matters including:

  • the Issuer’s latest white paper;
  • the advertising and promotion information and materials available on the Issuer’s official website;
  • the nature of the token e.g. utility, digital payment token (DPT), security token, etc.
  • if the token constitutes a security and applicable local laws and legislation;
  • the Token Sales Agreement;
  • the list of Frequently Asked Questions;
  • issues in connection to distribution of profits and/or rewards to the Project
  • issues in connection to repurchase and destruction of tokens;
  • voting issues in connection with the token under the Project (by extension, if these are rights in respect of the operation and management of the Issuer, or if these confer equity interest);
  • the situations in which the token under the Project will be used;

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What We Offer

 

Advomi’s extensive network of IEO law specialists provide professional legal advice and assistance on a successful IEO launch in Singapore and the region, including:

  • Applicable Singapore company structure and incorporation
  • Professional nominee director services in Singapore
  • Corporate bank account opening assistance with Crypto friendly banks and FIs
  • Legal opinions on IEO and related matters
  • Specofically meeting the requirements of crypto exchanges for listing
  • IEO token terms and conditions
  • Token Generation Event (TGE) support
  • Legal and Regulatory structuring
  • Compliance and Best practices framework advisory
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