The IEO reinserts an intermediary into token offerings: the exchange screens the offering and the issuer no longer interacts with investors directly, reversing the direct issuer to investor structure of the ICO.
Source quote, verbatim
In an IEO, the cryptocurrency exchange acts as a screening device for token offerings. In an IEO the issuer does no longer interact with investors directly.
The quote above is an exact substring of the source PDF, whose sha256 is d1d4a15a293b715bb6a5a32e689f59c3a1587915039ba9a1cf4eeb8ee2a1e57c. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/48225775e0e0dbfa...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3606663-010.md | sha256sum