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I have recently visited the bounty thread of this forum. And have founded some token bounties and trying to read details. One token which is running their token sell via IEO. [Initial Exchange offering]. The main fact what I want to say that the exchange is totally new.

So we know that recently Binance have started their Launchpad.  And they are success till now. The token sale finish in few minutes  even few seconds . So generally now People are finding some project which is Launch by a good reputed exchange Launchpad And people will not invest any ICO.

But scammers will not stop their journey I think. So they will try to scam in different ways.
Now I want to know how IEO will be affected by scammers in the future?  And how people can safe from scammers if IEO will be affected? Thanks

Binance made BTT with Launchpad for the first time in January. But Binance was not the first to implement the IEO. There were already a lot of platforms. Especially Latoken dozens are running IEO simultaneously. And I think if we come to the problem, I think SCAM projects can be seen through IEO.

That is entirely possible, so the quality of the exchange is a top concern when we want to invest in the IEO. No trading platform wants to trade its reputation to launch an IEO scam. So we need to be careful with lesser-known exchanges.

This will be the eventuality event that befalls ieo
Because one day, the hype surrounding ieo and exchanges will reduce
And we will be back to reality

What then pushes sales ??

I guess the main reason for the successful completion of these sales is Binance, not IEO. Because if it were STO or ICO and sold in Binance, it would still be successful. Besides, scammers can not deceive many people by selling on the new exchange.

Possible... As it isn't too hard to build an exchange... Fake some volumes to produce an 100million IEO that turn up to be scam, I guess a common scam would be an fake project regarding exchange as well IEO, with some visuals of exchange to convince investors

Very possible have you heard about the very first IEO on Bittrex exchange was canceled because on last minutes the IEO project partners deny them and saying they are not affiliated with them and it creates a bad atmosphere so bittrex decided to cancel it. Exchange verification should be at a high level so that occurrence like this won't happen again and most likely it will create a bad impression of bittrex IEO.

It might be happen IF the exchange who had IEO not selective on IEO in their site. I think Binance or other exchange should be smart and not blindly accept all IEO on their site because if anyone can make their own IEO on exchange, it will be a disaster and it can be ended like ICO.

The chances are low in my opinion but nothing is guaranteed about investing in a project because it offered an IEO. That doesn't mean the project can't fail but with the help of IEO we can have a more trusted projects than wasting our time on scam projects

In that case it will be harder for that startup to reach their goal. People that are investing in IEOs are doing it because they trust in the exchanges that launch them, I don't think people will trust in a brand new exchange.

For me IEO just like an image, i have participated in FET and CELR icos but i got nothing. As far as i know, i have used fast internet connection. IEO is too risky because it can be manipulated by the exchange site itself. It has a lot of chance to do the manipulation to fool buyers and we can't participate due to the various reasons said CS.

That is very possible, anything can happen in the future. With technological developments that are increasingly changing at any time, the master plan can change unexpectedly. To be sure we must be able to make a decision well and right, we must think and do analysis in the future and try to avoid the risk of not experiencing losses.

For wise investors, they will choose to invest in IEO projects supported by major exchanges such as Kucoin, BNB, Huobi, Bifinex, ...
For risky investors, they may choose to invest in IEO projects on some small exchanges like LaToken.
I think fraud is difficult because exchanges will check the information again before supporting them.
It is also a step to eliminate scammers that investors do not need to analyze.

I think it is a good thing. We expect from exchange to check project and team. it can be said that they are a guarantee that ICO offered on his launchpad. Of course, we need more time to filter it. For example, Yobit has also IEO someone says here about LAtoken. But it has already been proven that their choices are very suspicious. So, I guess they are only for hardcore gamblers, who's like high-risk games.

The bold word says it all. With the trend of IEO, a lot of new exchange will pop up and start to launch IEO to scam people. We can only invest in a IEO which is vouched/launched by exchange like Binance/Kucoin/Houbi, in a word, if any trusted exchange launch a IEO, we can trust those only.

I think fraud in the project owners of the IEO will have a very low rate. Because new potential projects can be supported by exchanges and sell tokens to them.
exchanges are still responsible for selling their tokens and they will not want a fraudulent token on their trading platform. Don't worry, buddy. ;)

Scammers always try to adapt to the change, from ICO to IEO, they will become more and more wise and sophisticated in persuading investors. So if you want to choose IEO, maybe we should choose IEO of big reputable exchange platforms like Binance.

I think IEO could a new way to scam people as the scam will always in everywhere and tried to get the people's money. But so far, we don't know yet because IEO has just started and maybe after the IEO get succeed in the future, we will know how they will use IEO as a way to scam the people. My advice is to get aware and be careful when we want to invest in any of programs, and we need to find out about the project before we invest.

I think the popularity of Binance contributes to the success of the IEO conducted there. Many have binance as their number one trading platform and it has proven to be such. Many new exchanges created by scammers will soon follow suit on this IEO trend.

in addition, this can be indicated by the large number of enthusiasts or investors who support the IEO project. in this project facilitating bitcoiners to carry out crypto exchange activities

Yeah, that's what I exactly said. We have to invest in only reputed exchange's IEO. Scammers are always hanging here and there and they will definitely find a way out to scam. We can prevent once we become more aware.

For now we can't say what will happen in the future.  But in my own opinion maybe yes there's a tends because you know scammer nowadays  always make a way just to scam people so it's not  impossible they will hide again on it once it become popular like wha happened on ICO's. Just saying.  Lol

They will find ways to attempt doing what they are really good at, we can't remove the possibilities that they can also manipulate things even it's
already inside the big exchange, though it's a tough job for them to comes up with big exchange but they can create things which beyond our expectations, scammers are scammers.

I do not think that IEOs will increase the amount of scam projects on the market. When big exchanges are adding a project they must do a security check of the whole ICO and when they don't such things like Bittrex happen.

I already believe that those projects that are launched on popular exchanges are just hyips that you should not trust

Basically IEO was created by an exchange and maybe IEO which made by big exchange such as binance, poloniex or bittrex will not scam their investors because they do not want to bet their reputations by scamming people but if in the future IEO popular i fear there will be new exchange with no reputation will be tempting creating new IEO and when people starting to invest at there then possibly they will dissapears with money investors so my answers regarding the questions yes it is possible we will find scam IEO

To invest in the reputable IEO is not so easy as you said and i have tried that two times but the fact that i can't even get a single penny from the market. Market was doing something fishy. I can't trust it 100%.
Any exchange have different result on its IEO

I don't think so, because before doing the IEO each team must contact directly and for the percentage of scam will be very low.
if the project fails, it might be possible to scam it or not.

IEOs have been around for awhile and its surprising me that people have started talking a lot about them.
There are already quite a few very reputable IEOs out there.
So I don't see how all these new ones will benefit the market.
Of course, competition is good, but just copying an idea that is already out there does nothing.

In this case, you can safely assume that if a new project can't get on something like binance, then probably it is not worth investing in.
Now that the ICO market is dead, you can't assume it will do well just because it is done through an exchange.
Instead, you need to be very careful and picky if you decide to go that route.

Generally speaking, I think ICOs and IEOs will survive.
It just won't be the crazy wild wild west like it was before.
There is profit to be made, but not just those quick flips that were possible in 2017.

Yes binance is not first IEO launcher that I know. And I knew that without Latoken, some exchange also support such as mercatox,yobit etc. But people did not give important to these Exchange's Launchpad.  And people did not more popular about IEO before starting binance Launchpad. Anyway thanks buddy!!  

I believe soon another scam will get the best of one of this exchanges, remember Raid ICO almost did this for Bittrex before they pull the plug at the 11th hour, Exchanges are just after the money and would likely overlook things that are obvious for outsiders to see and they will get scammed and put their users in problem and will need to refund the investors because their terms and conditions will not protect them because what they sell to them is an obvious scam

Scamming will never stop until there is money involved in anything. I am sure that there will come a time when people will get scammed through IEO also but we have to be prepared for that.
IEOs reduce the risk of getting scammed since we have the option of investing in an ICO which is listed on a particular exchange. IEOs are like a filter which produces better ICOs.
People might get scammed if they invest in an IEO which is newly launched since we won't know if it is legit or not. So in order to prevent such risks of getting scammed we should  only be targeting those exchanges which have a good reputation such as binance, bittrex etc..

Yes, it will be a certain balance between risk on dubious exchanges and low risk on trusted exchanges. At the same time, if the risk is small, the chance of participation will be negligible. This is similar to private distribution among large investors. Whales will buy everything before the beginning.

Just like the adage that for everything good; there is a massive disadvantage
So let’s see how far ieo goes in this crypto currency world

Be smart and dyor always

unfortunately the possibility that some of the new ieo will be scams is very real especially if proposed on less known exchanges we have to be very careful as with the ico

Yes of course, I am very certain that we are going to see a lot of scam activities in IEO, though it wouldn't be as much as that we have seen in the ICO space because unlike the IEO market.

The ICO market is very much a free market and anything goes because it is not being controlled by any individual or government body but IEO is mostly controlled by popular exchanges that have already made name for themselves, though any exchange good in development can start up an IEO which will be the beginning of IEO scam.

Anything could be a scam even IEO ,
Scammers would use anything for money they would create some project then they would leave it once they got the money.
I am not saying that IEO is a scam but let's be honest nothing is safe everything have a risk and could turn to be a scam.

IEO itself is not a guarantee that you were not be scammed. It should be supervised by a reputable exchange,
only then we should feel more confident.

if not verification is carried out by people who do not have expertise, maybe in the end it will suffer the same fate as ICO. moreover if all exchanges compete to provide IEO services, this makes the IEO not special anymore.

after all the IEO in my opinion is also still risky with manipulation of exchanges and teams. that is very possible, actually not much different from ico but now it might still be fine. we don't know this can be trusted until when.

if it is a reputable exchanger, they will not do a scam because they risk their own exchanger name unless the exchangers are less attractive and have only a few users then they can do a scam then after that they leave without caring about the exchangers who are already dying

That's right, you are right. I completely agree with you, we need to trust only large exchanges with a good reputation.

Yes, the possibility of scam in IEO is very possible as we have seen in the first attempted on Bittrex. The major issue we gonna have is that not all these exchanges will take their time to scrutinize the project and its team, the interest of many of them will be the money they gonna make through it.

Hmm, maybe someday yes.
IEO is still new and only Binance who can succeed with this method, but I don't think someday they will deliver us scam project to their launchpad.
Scam IEO can exist if many exchanges try to follow Binance someday...

You can never be sure that any process will show 100% success. I am sure that people will try to simply deceive all that is possible. Therefore, here exchanges need to be very, very careful.

Even before binance IEO has been in existence, I think the launchpad idea is supposed to cover more than the IEO process.. With many exchange set to follow the same model,  one has got to be careful which exchange IEO to partake in? I just hope exchange will do due diligence before fielding projects on IEO so as to safeguard the interest of traders..

Since IEO system is about harder, we need an account to those Exchange, this is just like everyone already have their own Slot/Place to buy the tokens/coins. The only way for the scammers is they need to make phising website to those exchange and that was almost impossible to do.

although the IEO will report the same as the ICO in the future, but I believe if the IEO in large exchanges like binance and bittrex will not commit fraud. they will not let the user experience any adverse things.

sooner or later I'm sure scammers will use the IEO to raise money. so we must remain vigilant.

Really! I think that the solution is wonderful because IEO really shows us a new look at tokens and it also has many advantages among which the safety of investors and I think this is a good decision.

Scam through IEO would be revealed as time passes by, humans are capable of improved evil. The scam accusation does not stop on the misuse of fund but also the fulfilling the road-map to a product that brings a use-case that drives the demand for attached coin. Most of the exchanges are just driving the volume of the exchange token with the process, they dont really care about the project, It could be a developed level of pump and dump coin market.

I understand that scammers will always find or design a strategy to use in scamming people through crowd funding but I think it will be quite difficult to infiltrate the IEO project , given to the fact that investors can only purchase the token from the said exchange since there will be no more need to be sending fund directly to the smart contract governing the ICO, and exchanges in their own part must have really ensured that any smart contract they are registering is genuine and verified, though this process cannot guarantee the success of the project. So, with these steps above, it might be quite difficult for farmers to attack ICO but nothing is impossible.

this possibility must be because scammers are very clever, but that doesn't mean the IEO doesn't have hope. if the verification done by Exchange is very tight, I'm sure this can minimize scam projects in the future.

If you are talking about this year, the price of $7000 or $8000 is totally achievable even though the market looks a bit kind of awkward now but we still have lots of pending project coming into the cryptocurrency that will really on Bitcoin for payment or investment.

The moment more people deposit money into bitcoin which will start happening from second quarter of the year, price of bitcoin will start growing towards $5500 usd and will eventually get to the $8000 or even above but next year will be the best year of investors in bitcoin which majority of us will experience the bull run we waited for.

As of now there is less chances for IEO to go as a scam. Same thing happened with ICOs as well, but later scammers explored and took power on ico's. With IEO as everything is happening through exchanges, if some exchange support scammers there is possibility for scam on IEO.

Right, this is why ICO too will not die off completely like many hunters are scared of. There are so many rules to be abide by from both the project team and even the investors, so, not many ICO will be able to migrate to IEO, thereby making the IEO limited to well scrutinized projects and little participants.

Except exchanges that are without reputation and would take any project or shitcoins project because of the little token they will offer them for registration but I really doubt if this can ever happen in all these top exchanges, especially the Binance Launchpad.

I think yes, on new and unpopular exchanges. The thing with big exchanges like Binance is that they will obviously protect their credibility and continuously check those IEO. This is the one thing that makes IEO launched on credible exchanges hit investors. Simply because of the trust in that exchange.

I think the success of ieo is directly impacting on the reputation of an exchange. Even a new exchange won't list a scam ieo becaue if they want to operate as a ieo platform or an exchange they just can't have this.

İEOs will be the main platforms in the future for selling the tokens. Scam ICOs can be dangerous if you don't have a idea how to handle the scam ICOS.

Binance can never produce a scam IEO but like you said, I fear about many other exchanges that will like to want to compete with Binance and end up still registering projects that are there to scam but if this will be the case, they will only end up creating a monopoly market by allowing people to only believe in Binance IEO and once this happen, many Projects will find it difficult to go with Binance because their IEO prices would have been too high for them to comprehend.

Many investors will tend to also want to rely on investing in projects that are listed on Binance Launchpad alone.

I think that the exchanges qualitatively check those projects that they want to place on their launch pad. Therefore, I think that at IEO, we cannot meet scammers.
In the future it may happen that tokens will not grow in value, but the exchanges themselves, which artificially price new tokens, will be the first to blame for this.

Initial Exchange Offering with a new and unknown exchange? That's no different from investing in the ICO itself. The exchange could be a scam after all. Be safe than sorry is the guide for this. Why not Binance?

IEO is just a wrapper for an ICO. Same risks. A scam project can pay the listing payment and can still scam you. It also can happen to new listings listed by Binance.

Sorry, but it sounds funny, especially with the background of how the head of binance said that he did not take money for adding projects to the exchange. I don’t think that random projects from unknown people will will be added on IEO of good exchanges. Projects will be very carefully checked and separated by advisers because the exchange itself could fall due to the negative consequences in case of a scam.

I am having the feelings that IEOs will be worse than ICOs, the reason is that if the exchange does not put up serious measures to determine IEOs many people still get scammed.

If IEO become scam, yes of course scammer also will do everything, but for IEO i think hard because they must pay before join in IEO and so many scammer will not do that. Also for IEO exchange is selective to choose project, because if project scam and they using IEO of course will give negative impact to exchange

I don't need to join the crowdsale if I don't see any value for this. The future will bring more attention to crypto token sales but scam projects will transport token sale to the new levels. IEO is the best example in this logic.

That's indeed but i will not believe if binance was not charging that icos will some fees. where will binance gets its fund if that was not even creating revenue from its product? I believe binance was still getting some fees that collected from the sale.

I dont actually know but maybe Binance are pocketing a handful portion of the overall tokens. Imagine having a big business name used by someone else you don't even know, Binance is not that foolish to not charge the IEO projects' developer.
Maybe the existence of that IEO itself could add revenue stream to the overall trading fees but there's must be something else that could make them agrees to add those projects into their exchanges' IEO risking their name.

Exchanges don't take every single ICO or project for token sales. Binance is very strict in eliminating the useless projects and last ICO called Celer was created by smart guys from Western universities.

Scammers are folks out to take advantage  of  investors and  steal of investors investment, Sure the next move will be on IEO, several fake  exchanges will start pumping  up, in order to lure investors.

There's chance that the IEO will also turn out to be scam just like the ICOs and Binance current strict elimination of useless projects that mean the scammer wont find a means to bypass their elimination since it easy to hire someone who's cons this days.
Mind you, Binance was not the only exchange that handle IEOS.

There is always that kind of possibility, but it is the change is very small. However it depends on which exchange launch the IEO, I don't think big exchange like Binance and Bittrex which have many users will risk their reputation by listing scam project. I believe they have their own expert team to do the research on a project before the actually launch IEO, just like we saw in the recent event on Bittrex they suddenly cancel their first IEO.

hard to tell when this trend to be mainstream.. all exchange will release their own IEO
and if you ask about scam i dont think that possible, especially when the exchange asking about their identity and checking their project and team first before launch on their IEO

Yes of course, this is the crypto space and we need to start getting use to it because it is a free market and we can expect anything from a free market since it isn't controlled by just an individual or any government body, IEO is relatively new and this is why we haven't began to see scam activities take place on the platform of IEO but I can assure you that in few months to come, so many IEO scam projects will soon join the league of scammers thereby making the IEO market not different from the ICO market.

On the unknown and little-known exchanges this can happen now. As for the major stock exchanges, their reputation is at stake, after the first failure, the exchange will lose a huge audience of potential and existing customers.

It's depends on thoroughness an exchange. If they constantly have a purpose to become reputable exchange then they should have many ways to avoid from an error choosing a project. The risk is exchange itself, if they choose the wrong project it means the project is scam then they should accept all risks that will be faced either  abandoned by many users cause it will produce fear for some users to avoid losing the assets they have.

As a result, probably an important difference between IEO and ICO is that the investor is more protected. He does not have to explore the project alone, and can rely on the employees of the exchange, and in the case of fraud also to assert their rights in court accusing the representatives of the exchange.

At least as in other projects, without a chance to sell, there is no chance to disappear. For this reason, I think that IEOs organized by reliable exchanges make sense.

The exchange tries to check the project, communicates with the team before announcing IEO, large exchanges are not profitable to place scam projects, but all can be fooled, the project can invest only in marketing and after listing go to scam.

I think the right question should've been, "Is there anything good that hasn't been bastardized?" Even after the Biblical creation of man, did the Devil not attempt to corrupt it? I expect such proliferation and adulteration of IEOs. But the simple prevention would be your last word, "new" We should steer clear of NEW exchanges running IEOs. They could be potential scam sites.

As you know various ICO's was scam and investors don't trust on ICO's but IEO is a good opportunity for investors and will be little chance to scam.

It is very possible and if we look at it now, the IEO is still new and has quite a lot of interest, but in the future no one knows whether it is still interested or not towards the IEO, so in my opinion it is still uncertain

I don't think there would be much scammers compare to ico, I'd say the exchange will verify the people behind the project to prove that their idea is legitimate, and if they try to run with the money i don't think they would be able to assuming the team is require to vest the token for like a year or so, and the exchange have the information of the people behind it, it's too risky for scammer, i don't think they would try it.

Many people benefit from the IEO. I don't think the IEO will be the same as the ICO which will later scam. because the IEO is where they make sales in exchange and that means we entrust the IEO to the exchange. If the IEO scam, of course the exchange will also be affected. Therefore it seems that the IEO will not be the same as ICO.

People need to stick on reputed exchange's launchpad, not in every IEO! Even I will not prefer latoken exchange IEO, because they listed many shit projects already and even a known scam project! Binance, and huobi IEO was big successful, Huboi will bring another IEO very soon, Bibox is coming in this sector! Bittrex may prepared to bring a real project's IEO next time! So, everyone should invest in these IEOs, not in the new exchange's IEO or any other cheap exchange's IEO! And by doing this, anyone can avoid the scam in this sector!

maybe because if more and more exchanges that provide IEO services, it will be easier for scammers to commit fraud. but I still believe because there are some quality exchanges and they will definitely check every project that wants to start IEO in that exchange.

I think the chance of IEOs to be a scam is slim when compares to ICO. We shouldn't forget that IEOs are been done on exchanges and those exchanges would have done thorough background checks on the project because they will not want to dent their own image and the trust they have built with time

I will tell you that such decisions give a new life to the ICO only in a new format where all aspects are not involved in projects but the exchange and the project is engaged in its own development and I consider it a good decision.

Well, Bithumb was hacked today and what does that mean? That scammers can be IEO's own executors. So only in time will we have the dimension of this sad situation and what impacts will the participants have! I found the ICOs to be fairly centralized, IEOs for me only adds to that feeling. Decentralization is still utopia in cryptocurrency, but any move to centralize only worsens the situation.

I believe so. IEOs is only better than ICOs at raising funds and it's not yet fool-proof to investors to say the least. Bittorrent is already trading far lower than its all time high. People who loose money after buying from those that manage to buy from IEO event may get weary one day and withdraw. And the decline will begin

I am kind of weary of IEOs as the new craze in token offerings.Every project is now trying to adopt it in order to raise funds,even those that could not meet soft cap with the regular ICO. In almost all cases, there were no improvement on the project,just change on how the money will be raised, that means we will start having every scam projects running an IEO and we are back to where we were.Many exchanges are not in themselves honest.Also, there is nothing that will stop some fraudulent teams from dumping on their own coin.
Teams should focus on building projects that addresses real problems and if it is good enough, they get support from investors, whether through ICOs or IEO.

I have not seen a single campaign bounty from IEO projects. Yes, they are unlikely to appear, on the major stock exchanges, the IEO collect the necessary amount of investment in a matter of seconds, why should they still conduct a bounty campaign to advertise the project.

IEO from my perspective is simply a more secure platform for projects to rise funds. And yes they can turn to scam not only in the future but at any point in time. This is why exchanges have a lot to do to protect investors and protect their reputation.

It's worth noting another positive point from IEO.It helps to create a monopoly of large strong exchanges.The low-volume exchanges and with a bad reputationwill be squeezed out of the exchange market.

So far, the main problem of IEO is the dominance of bots. I tried to participate in a few IEO and the bots took less than 10 seconds to redeem all the tokens. In addition, scammers can still successfully redirect you to a phishing site, you need to be sure that you are using the official site and store it in bookmarks.

IEO is a safe way to reduce the risk of SCAM projects. So, definitely a selection for a project that wants to hold an IEO on an exchanger. So, I think the risk of a scam IEO is zero.

The current IEO has little risk of fraud or loss, but not all IEOs are good. For example, joining an IEO of small exchange is a mistake, which can cause your investment to be lost

Of course, there is a chance that IEO would be a scam as ICO was. But, as you know that IEO is on the trend nowadays so I don't think people would make an IEO to scam people.

Nobody knows what is going to happen, when people will get full of IEOs. It is a normal situation that within time people will want something new that will bring more profit. It can be possible that some exchanges with use the hype of IEOs to trick people.

definitely!
already all sorts of exchanges that are not from the first party have IEO and at least one of the projects on one of these exchanges is probably a scam. Participated in his bounty while they were still conducting ICO
In the end, there will still be scams, but there will already be a question of trust in the exchange

You can’t completely say that, it all depends on how strong the popular exchanges holds the platform and makes it irrelevant to some smaller ones. The problem will not arise from popular exchanges but there is a chance that small exchanges will get caught up with it.

Someone once even told me that some scammers even goes to the extent of owning an exchange to scam people, so what do you think of these ones if they come up with an IEO project, this is why we still have to also be a little bit careful in choosing exchanges to participate in, so we do not create another tension in IEO like we did in ICO.

Well if the exchange that make IEO is new no one can guarantee that the coin/project will not turn into a scam. But maybe on high and known exchange the IEO will be successfull and can make a profit.

There are possibilities about this changes and these changes can affect to all kind of altcoins no matter how strong team controls it. In my opinion, IEOs will spread all over the recent ICO review sites during 2020 and other exchanges will join to this new format of token sale.

Why not. Scammers always appear where there is money and a hype theme. In general, with new exchanges, you need to be very careful now. So, stay safe and recheck everything 10 times.

I highly doubt it when it comes to big exchange like binance etc.
If they gonna be scam of course binance and other big exchange didn't take partnership with them right?
And when IEO end, project already list there immediately, so why they must be exit scam?
Same case with medium exchange, they definitely have some policy to check if the project scam or not , so I think just beware and carefull when you choose to invest

Why wouldn't there be scams in IEO? And people act like this is a new thing. Exchanges have hosted third party ICOs in the past. They were just called normal ICOs, not IEOs. And yes, there were many scams on those. Exchanges didn't care back then.

This cannot happen because the IEO is done through exchanges so you only need to verify the IEO exchange so you can know if the IEO is fraudulent. This will happen if you can create a trading platform and then self-organize the IEO to steal investors' money. But this is not possible because no investor will accept an IEO through an exchange not listed on the CMC.