Previously the Coincheck transfer market was acquired by Japanese Financial Services company, Monex Group, in April 2018. According to a report from Japan's Cointelegraph, Coincheck is looking to support the Initial Exchange Offering (IEO) platform to obtain funds through token tokens.
Related article Most Historic Bitcoin Transactions
Coincheck has approved a fundraising opportunity based on utility tokens. Coincheck collects companies and projects that do not collect funds using tokens. Coincheck added that opportunities are being played out in the rules and guidelines of the Japanese Financial Services Agency.
IEO is a fundraising method managed by an established and qualified Exchanger. Unlike ICO which is managed by the development team, IEO is carried out on established platform exchangers. According to a report from The Block, 12 global crypto exchanges have approved the IEO platform in 2019, including OKEx, Huobi, and Bittrex.
After ICO is proven to be risky for those who want to be proven in new blockchain token projects, IEO provides a safe path for investors to get in the blockchain project.
Don't have Bitcoin? Buy it now at Coinbase, or get 14 USD for free here and buy a trusted hardware wallet HERE, or Get Barve
