The initial steps in conducting an IEO (initial exchange offering) are similar to those for an ICO (initial coin offering), with some notable differences. The IEO process typically involves the following steps: Developers conceive a blockchain product idea and draft a white paper for their project. They then submit their proposal to a crypto exchange that facilitates initial exchange offerings. Specialists at the crypto exchange assess the white paper, current developments, and the project's potential. If the proposal is approved, a date is scheduled for the IEO. The crypto exchange and developers launch a marketing campaign to attract investors. The sale commences at the designated time, often using the crypto exchange's native token to acquire the product offered in the IEO. A few days after the IEO, the new coin is listed among the assets traded on the exchange.