Coincheck launches IEO
The crypto industry is an area that does not give the right to wait. The one who first learned about a potentially profitable project and invested is always one step ahead. Even if the investment does not pay off, you will be able to draw a conclusion, since the information provided on time is the key to everything. That is why today we are going to tell you about a potentially successful and uniquely interesting digital project. Today we will talk about the Coincheck cryptocurrency platform. It is a Japanese digital exchange that will start selling its own tokens soon. Is it worth working with this platform? Let’s figure it out. So let’s get started.
What is IEO, what is Coincheck planning
First, let’s discuss the theory. Our regular readers know that to fully understand the material, we first consider all the necessary theory. In this case, it doesn’t hurt to learn about the IEO concept. Experienced stock market dwellers have already seen an unambiguous connection with an IPO. But with one small difference – IEO is carried out exclusively in cryptocurrency and only by exchanges. In fact, this is the primary sale of the site’s internal assets. That is, tokens. Applying this practice, each platform can gain an audience, earn a name at the start and become more famous by attracting investments.
But, in the case of Coincheck, we are talking about an already well-known project. This is a fairly recognizable cryptocurrency platform. The developers, as well as the head office, work in Japan. The local digital market is an attractive investment because it supplies the industry with great, competent talent. Coincheck representatives may well be attributed to them.
It is noteworthy that the platform’s activities are concentrated only around Bitcoin. It’s an interesting decision that steers the work in a specific direction. It is also noteworthy that even now, in clearly difficult conditions, the developers have not abandoned the use of the first coin as the only currency instrument. BTC is the main exchangeable asset that can be bought and sold through Coincheck. The platform provides all the necessary tools. And its token, which will be released this summer, will be the first digital coin to appear in Japan, thanks to IEO. This also distinguishes Coincheck against the background of many competitors. By the way, how does the platform cope with the competition? Let’s discuss this factor and the potential of the site.
Should we partner with Coincheck?
At the moment, the state of affairs of the exchange leaves no doubt – this is a reliable project with a clear understanding of tomorrow. With its own principles and unique ideas. But this is the lyrics. What do we really have? For example, who collaborates with the platform, who can vouch for its reliability? At least, the well-known digital project Hashpalette, which has been in partnership with this site since last year. Such partners characterize a young, ambitious and actively developing project as well as possible. However, objectivity and common sense must be maintained. It is foolish to invest all the free money in a relatively little-known site.
That is why we always advise you to independently evaluate the platform, take into account all the available information and only then make specific decisions. However, at the moment there are no obvious drawbacks that can stop you from an initial investment. Wait for IEO and, if you have a budget, consider purchasing multiple tokens. It is possible that history will repeat itself with Binance. As a reminder, the platform’s internal asset, the BNB coin, is currently being sold at $ 342. Time will tell.
The main thing is to stay up to date with the latest developments in the crypto industry. To be the first to know about all the interesting projects and news of the digital industry, follow our news feed. We publish only high-quality, interesting material. Thanks for attention. Good luck!