What is IEO? “YoBit IEO in 37 hrs!”

So what is IEO stand for? it appears that IEO stand for Initial Exchange Offering, don’t get confuse with ICO Initial Coin Offering. This IEO from Yobit.net is something I haven’t heard before, all I heard was ICO for the past years, or maybe I didn’t pay attention, but this IEO is tied to Rocket coin.

On Sunday, April 21, 2019, 7:52:16 PM EDT, Yobit News [email protected] wrote:
YObit.net
YoBit IEO (ICO) in 37 hrs!
Dear YoBit Users!
New Yobit IEO (Rocket ICO) in 37 hrs!
Timer: https://yobit.net/en/ico/timer/
ICO coins: 779,900,000
ICO price: 0.00000100 (100 sat)
ICO amount: 779.9 btc
ICO rules:
InvestBox Plan – 1% / hour
80% buy walls (you can sell after the trading start and be in profit):
0.00000110 (110 sat) – 77.99 btc
0.00000109 (109 sat) – 77.99 btc
0.00000108 (108 sat) – 77.99 btc
0.00000107 (107 sat) – 77.99 btc
0.00000106 (106 sat) – 77.99 btc
0.00000105 (105 sat) – 77.99 btc
0.00000104 (104 sat) – 77.99 btc
0.00000103 (103 sat) – 77.99 btc
Buying all orders for 77.99 btc in 2 hours after trade start (one time) for current ICO/IEO
Sincerely yours,
Team of Yobit.Net
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