At 3 pm on April 2, in the second phase of Babit's live online program She Knows, special observer Cheng Xiaoming believed that the main point of IEO is that the exchange also acts as the sponsor investment bank of the China Securities Regulatory Commission, which is conducive to promoting the listing and trading of the project, including listing. The performance of the post secondary market. The overall performance was still in anticipation, and everyone saw it. Conducive to improving the quality of the project. For problems and hidden concerns, I am afraid that it is not only the problem of IEO itself, but also the problem of blockchain financing. If it is a utility token, it is equivalent to a shopping voucher. The price fluctuation depends mainly on the fluctuation of the commodity price itself. The commodity price itself fluctuates. Generally speaking, it is not particularly large. Therefore, after the token is listed, its price fluctuates. It shouldn't be too big, but if that's the case, then the appeal to the people who smoke the coins will be greatly reduced.