2017 boomed with numerous ICOs and many people lost their money. IEO came after and provided a better investment security and overall reliability. However, it still was a risky tool. This led to a Support Listing Coin (SLC) emersion that becomes popular every day.
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OFFICIAL
| DIFFERENCES | ICO | IEO | SLC |
|---|---|---|---|
FUNDRAISING GROUND |
Determined by the token issuer | Determined by the exchange | Determined by the exchange |
OFFER INITIATOR |
Developers themselves | The hosting cryptoexchange | The hosting cryptoexchange |
SMART CONTRACT ADMINISTRATOR |
Developers themselves | The hosting cryptoexchange | Smart contract is not required. The funds are introduced through the user’s account on a cryptocurrency exchange |
SPECIAL REQUIREMENTS FOR AML/KYC FOR THE ISSUER |
Depend on a project and vary from case to case | AML/KYC is conducted and administrated by the hosting cryptoexchange | AML/KYC is conducted and administrated by the hosting cryptoexchange |
BUDGETING AND MARKETING REQUIREMENTS |
Project developers borne all costs. Significant budgets are needed | The hosting cryptoexchange is involved in marketing by promoting the offer to its users | The hosting cryptoexchange is involved in marketing by promoting the offer to its users |
PRELIMINARY BACKGROUND CHECK AND SCREENING |
No screening or background checks are required | The hosting exchange conducts screening and background checks before allowing a fundraiser | The hosting exchange conducts screening and background checks before allowing a fundraiser |
AUTOMATED PURCHASE ORDERS SET TO SUPPORT THE LISTING |
Listing of sold tokens is a separate task that the project developers have to face | The hosting cryptoexchange takes care of the tokens’ listing | The hosting cryptoexchange takes care of the tokens’ listing. Besides, it sets out the purchase orders for 100% of the sold tokens at the offer price. |
Support Listing Coin (SLC) is a kind of secondary token offer that takes place on a certain cryptocurrency exchange. It includes a new security feature that makes the investments safe.
The trust level reduces with the crypto community growth. Investors want to have certain guarantees and specific security measures. And SLC has them.
Unlike ICO and IEO, SLC does not require investing any funds in smart contracts. Users who want to take part in SLC can enroll via cryptoexchange account. The procedure is simple and clear: users just need to deposit their funds to their exchange accounts and buy tokens in the prescribed time.
The main feature of SLC is that all funds collected during the crowdsale from the investors are immediately placed in purchase orders on the hosting cryptoexchange at the sale price. This way the investors bear no risk of losing their funds.
All projects that wish to launch SLC are thoroughly inspected by the hosting cryptoexchange. The exchangers are interested in launching new projects only with reliable developers because their reputation is at stake.
Usually, SLC is launched by skilled project managers that have good track record and a certain base of followers and investors that form a stable community.
Support Listing Coin (SLC) is a kind of secondary token offer that takes place on a certain cryptocurrency exchange. It includes a new security feature that makes the investments safe.
The SLC team conduct the company’s audit before listing. The SLC is a finished product so there is no need in funds raising for development. Opposite to this, IEO doesn’t guarantee that the product will be re-leased and not scrapped.
The main SLC feature that IEO doesn’t have is the investment safety. All funds from tokens sale go to pro-ject support. They appear in a purchase order at the tokens selling price.
