The main difference lies in where the token sale is conducted and how investors participate. ICO (Initial Coin Offering): The project team sells tokens directly through its own platform. ICO development typically involves creating secure smart contracts, tokenomics, investor dashboards, KYC/AML integration, and a token sale platform. IEO (Initial Exchange Offering): The token sale is managed by a centralized cryptocurrency exchange, which usually handles project verification, investor onboarding, and the fu