IOU market is about trading coins purchased by traders in the ICO and that so far have no own network. Until recently there has been no possibility to trade such tokens (no network – deposit/withdrawl doesn’t work). But Liqui team has found a solution: when a trader/investor participates in ICO indirectly but through our platform (all transaction IDs are of course provided to developers’ wallets) – we can credited the balance of the relevant coin to them once the crowdsale is over!
Therefore, trading begins hours after ICO and there’s no need to wait until coin developers release the network (which often takes months). Or you can just keep the tokens on the balance (like it happens in any ICO) and once the network has been released – witdraw them. When the network is ready – IOU flag disappears from the relevant pair and then this pair functions as an ordinary coin.
1. Antshares - link to Google document with all information
2. Decent - link to Google document with all information
3. Iconomi - link to Google document with all information
4. Wings - link to Google document with all information
5. Melonport - link to news