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It is a system that lets any devices that are connected to internet to comunicate with each other without human-to-human or human-to-devices interactions. For example, an airconditioner than can be switch on and off via smartphone, or the motion sensor that would swich on the light in your office.
Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.
