IEO

Rapper and entrepreneur Akon has shared the whitepaper for his upcoming cryptocurrency exclusively with Cointelegraph.

A day after an investor alert on Initial Exchange Offerings (IEO’s), the US SEC—which has levied severe penalties—the Securities Commission Malaysia (SC) published a regulatory guide on digital token offerings in the country.

The SEC posted a statement on Jan. 14 advising potential investors to be cautious with IEOs, which could be unregistered securities.

The new fundraising phenomenon has so far failed to deliver for many buyers, who may have lost almost all their money depending on when they bought IEO tokens.

MATIC crashed on Dec. 10 while seeing its other IEO token counterparts face similar fates as a bearish picture emerges on their price charts.

Binance IEO tokens such as MATIC and ONE have been flashing bullish signals amid some impressive price gains in recent days.

Manny Pacquiao’s PAC token is set to be listed through an IEO on GCOX on Nov. 12, allowing fans exclusive access to the boxing star.

The token sale was due to support Dotcom’s K.im content sharing platform, but will now face an unspecified delay.

The share of investments in IEO is becoming much larger and catching up with the IPO market indicators with the mass adoption of “multiple IEO” and STEO trends.