IDAX had become, or at least appeared to be, one of the hot spots for projects to conduct an Initial Exchange Offering — similar to an ICO, but in theory IEOs provide additional assurances to investors by having the tokens sold by an established exchange, and with that comes knowing the token will be listed as well.
Behind the scenes for weeks now, IEO’s that used the exchange had been reaching out to each other to compare their experiences, all were finding one thing in common — what they got did not match what they were told to expect.
Then, one of the more recent companies to attempt to IEO through IDAX decided to take the public route…