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If this becomes a huge success, we can expect more to come, like what the article says " IEO model could help restore the trust of investors and push the industry forward." that means ICO and bounty hunting would just become a second for a company to launch their crowdfunding.

Definitely, this is the testing ground right now for this new model.  It's had a few drawbacks, but it doesn't take much for sentiment to adjust positively and for this to lead to upward trends long term.

Lol
Let’s call it bittrex second ieo program
The first one was abit messy; but this time around; I can see it thriving already

Definitely me as well.  Have there been any other big IEO's that have been successful recently?  Any good one's coming up?

The first crowdsale done by bittrex as far as I can remember was the Breakout Coin and one that I can think was an adnetwork token too. So far this VeriBlock (VBK)  isn't the second at all.

IEO model will help the trust but only for the exchanges that has proven itself from the past. The newer ones today might struggle and team will still prefer to do an ICO.

Bittrex has been loosing a lot of trust not only from the traders but a lot of its customer has already moved to the binance. I heard that one of bittrex ico was getting failed. IEO will not always get success. that depends on how popular that exchange site.

When was BreakoutCoin and did it get completed?

Agree with you. Bittrex has been bringing changes with so many things on it's exchange. The mandatory KYC is the main reason why many people have shifted to binance and I would agree that binance is still far better than bittrex. Binance has it's own 'Binance Launchpad' which is a token development platform for the IEOs and it's going pretty decently. It has been accepted well by the investors and traders. It's recent IEO Bittorrent was very well received by the traders and investors.Bittrex on the other hand screwed up it's first ever IEO for some reason ( I still don't know why). May be once bittrex does a successful IEO then people may gain trust over it again.

I think binance had one sometime, perhaps it was successful. I expect that we are going to see more of IEOs as icos have almost gone underground.

A lot of attention seems to have moved towards the Initial Exchange Offering, how this new development will impact the cryptocurrency is not truly known yet. Everyone just wants to give it a try.

Even unknown exchanges getting good results with initial Exchange offering. It was surprise that bittrex failed at the first try but they will probably would perform better. Maybe they are not popular they used to be but still it is bittrex.

you are absolutely right on everything you said about where bittrex got it wrong except where you said bittrex made kyc mandatory for people likewise on binance if you want to participate in binance IEO launchpad you must pass their kyc.

Let's see what happens,the first project they failed, the second kind of interesting, which they want to run, plus I think there will be another price authority, so Bitrex I think will put a lot of effort to this project after ISO at least a couple of x2 - 3 profit gave, so I would Sammo fact looked closely,and if there is free money, part would be invested)

I hope there is no problem this time their past IEO was dropped because of some startling issues and there are so many negative vibes spreading, It appears that they tighten their approval a little bit base on this blog (https://bittrex.zendesk.com/hc/en-us/articles/360025469352-Fostering-Innovation-through-Initial-Exchange-Offerings-How-Bittrex-International-Selects-IEOs-) I trust bittrex won't disappoint its clients this time and veriblock it appears a trustworthy project.

but I like their way. this proves that Bitrex protects its investors. wouldn't it be a problem if yesterday continued.

and if later the IEO is also canceled, I think that proves that Bittrex is really verifying the projects that are working with them.

It is extremely important for Bittrex to make the sale go well, because the first project was a real disaster for their team members. I have no doubts that they have selected this project very carefully, because they will not get any third chance.

Yeah, Binance is the most successful project when holding an IEO. If Bittrex is also a big success in this second round, the term IEO will be increasingly well known and many large projects will come to start IEOs as well.

Is this an obligation when implementing KYC at IEO's Binance launchpad? if it's not too problematic for some people and the quality of Binance's quantity is clear, that's where there is more interest from various people, Binance is one of the best now and maybe new platforms arrive in the future if they can be consistent and not far behind come in the future but I doubt that because nothing can change for now despite the emergence of platforms from various directions, but the only mistake that can be just as damaging to Bittrex is that their reputation is not too good for everyone and maybe issuing the current project their proof to increase reputation? it's good to check in the future, come back again because some people hate KYC.

Even Bitmax also one of the good IEO along with Binance. Why people are choosing IEO nowadays on main factor while investing. We should understand that people are ready to invest on new projects but really do not have hope for further growth. For that mostly people choosing IEO.

Is IEO really going to be the new ICO?  Can it really get anywhere near the same kind of traction realistically?

Initial Exchange Offering sounds new to me anyway, I hold some Binance tokens on their exchange. I am using Bittrex from the last two years. But I really miss an official Bittrex mobile app. Anyway, I am not interested in this IEO as I don't think there would be a much better use of this exchange token other than some reduced trading fees.

I hope this time they don't cancel it again. if the IEO at bittrex is successful this will be an extraordinary thing. binance has already made a surprise and I'm sure Bitrex will follow it too.

This is perfect. I hope this cleans investors doubt on investing in cryptocurrencies with Bittrex as an intermediary.


I think technically they have the same usage for Bittrex, they both use Bittrex to act as an escrow, but Breakout coin seems to be a straight forward "ICO" using Bittrex as an escrow? Clarify if I am wrong. Is Breakout coin an IEO?

src - https://www.smithandcrown.com/sale/breakout/

In my opinion, IEOs are not great inventions. The sales in known exchanges causes the price to be exchanged above the sales price. IEOs are currently used as a source of earnings and end will come soon.

Totally agreed, Binance has shown that IEO is actually more reliable and preferable by both investor and developer. If other Big Exchange like Bittrex following it's step, IEO will attract more investor and project developer. But however eventually when many left ICO and pick IEO instead, bounty hunting will be still be needed even when company using IEO, since the competition is getting more tight between project, they will need more promotion.

I'm not sure but I believe I have seen some successful IEO from Bittrex in the past, that time the usual ICO format is still popular.
They are going with the trend and that's good, with this new trend, exchanges will be benefited more, and of course there will be less scams in the market.

Great action from them and this is just timely.

The first was canceled due to Raids advisor leaving its better exchange protect their legacy than lose everything they have been building for because of IEO. I hope this one goes through.

Bittrex IEO is very interesting, but I think there are no chances to participate manually by hands because of only 200 places with max $20k cap will succeed and most of them will be scripts.

Yes but the real credit is to the community they are the one who noticed this issue about that canceled IEO and they message bittrex to their social media, I see a bunch of message on their twitter "cancel IEO" good thing bittrex choose the right action and good luck their upcoming IEO.

It's not that the actual token sale failed, it was never launched in the first place.

Can you name some of the token sale on less known exchanges that were successful? I've yet to see one project that would claim they successfully raised funds mainly because of the IEO.

Probably this will succeed as well. Most coins from IEO launching on top exchange fly. So probably this one will be same with other exchange such as binance and bitmax. People now chooses this kind of project since the trend of 4x to 5x profit is becoming real.

I think people know that now and join the league. This left the ICOs become weak but if you want to find a real and potential project still choose ICO because IEO has more chance to introduced trading tokens not blockchain products.

According to this article - https://cryptobriefing.com/bittrex-token-sale-platform/

Malta-based Bittrex will host a multi-million dollar token sale on its trading platform. In an announcement last night, the exchange said its first-ever Initial Exchange Offering (IEO) would be their contribution to developing the crypto industry.

They said it's their first IEO, so that token or coin sale in the past operated in Bittrex exchange was not called IEO, correct me if I'm wrong, but I remember they are selling coins in the past AFAIR.

I think it is unreal to get a chance for buying. Crazy fomo, payments in BTC (you don't need to buy a volatility exchange shitcoin), large personal cap. It will be closed like for a few seconds

They really need to do it as Binance is already far ahead in competition. Kucoin recently has it's own launchpad and Bittrex, after the failed attempt with Raid should be good with their IEO offering.

Now the competition ante is up, so let's see who will survived in this battle. But if you look at the bright side, this is very good for us, we have so many options right now to choose. Lots of FOMO I supposed and I'm sure within minutes the sale will be over so hurry up.  ;D

I was counting on Bittrex, but the transaction volume has dropped too much lately. Still, VeriBlock will be an exciting IEO. I think Bittrex can shine again.

Well, you never know how this will go. I think they were really lucky or really smart to cancel the first IEO before it went live, imagine if it went live and we all bought it and then something went wrong! Their reputation would have been impossible to recover, even if they weren't the ones responsible.

Exchange offering, let's see how this goes. I might even put a little something for the sake of joining history;)

I think Veriblock looks interest tbh, but am not 100% convinced on IEOs just yet

binance has so far shown that they can handle IEO successfully, lasting for few seconds to minutes, but the latest project CELER dropped its price significantly.

https://www.coinrivet.com/celer-network-falls-80-minutes-after-token-sale-on-binances-launchpad/ (https://www.coinrivet.com/celer-network-falls-80-minutes-after-token-sale-on-binances-launchpad/)

i hope projects under bittrex launchpad are more robust and that can sustain or even exceed their IEO price afterwards.

good to know bittrex come to this trend with IEO
the problem is they should make the IEO more fair for all investor
total IEO for this times just 70 million

The mandatory ID verification on the Binance Launchapad is still better because binance is by far the most secure exchange in today's date. Besides that it depends on you whether you want to take part in it's IEO or not.
One thing I would like to point out here is that if you would take part in ICOs and if it was mandatory to give your KYC details then you would had to give your personal details to every ICO you would take part in whereas if you do the ID verification process on binance launchpad once then you would be eligible to take part in every IEO that launches on it's launchpad without any hassle of KYC.

I agree, after binance success it's time for those big exchange to follow the steps, making this investment be profitable once more for the benefits of investors and the coin developers, with supports coming from much wider communities the success rate of being fully developed project is much higher, knowing Bittrex from this business, it can add good competitions and will be a healthy investment journey to the community.

Will have to wait and see the progress of this attempt and follow all the leads for much higher success venture.

Binance have made a big success on the IEO through the launchpad. Following the same more exchanges have come forward with the plans of distribution through IEO. This time bittrex have come to launch its first IEO as it got postponed for months which was scheduled to take place months back.

IEO has became slightly popular lately after binance success launch their IEO and it's normal if other exchange were motivated to made their IEO but i was so curious about the progress later whether it will be success or failed but i do agree if IEO being popular and maybe it can be restore people trust to investing again through crypto

I am very sure that the IEO is going to be a success for bitrex because they have been existing for a while now and already have a very large user base ready to participate in the IEO so that they can make profit once the coin hits the exchange for trading. This IEO will be successful, though IEO will be the new trend in town that everyone will want to participate it, but we are still going to see bounty in the IEO space very soon because the power of a project is not just being able to sell your token, but to build a community.

Why are we celebrating this because I don’t see any much big thing about what Binance introduced and has already carried our successful projects, so now that bittrex is in it to compete with them, why the jubilation  or is there anything I am missing out ?

Aside that, this IEO really need to be limited to some exchanges especially the big one and I know that bittrex is also more than qualified to carry out such project too but I wouldn’t want a situation whereby some irrelevant exchanges too will start introducing IEO because of competition, which might make it easy for scammers to still penetrate through them.

In my opinion, bitrex swiftly swung at the idea. Of course, I wish them luck in another attempt to implement IEO, but something tells me that it will fail.

Judging by what I know and what I write,the project is at least a couple of x's will,and it's not so much the technology,but rather on the credibility of the platform Bittrex is at stake to stand so many talking about it,and judging from this I think charges will be done quickly and efficiently,and like the project itself more interesting

Bittrex is one of the biggest exchanges out there but to be honest, I lost respect for them after their first announced IEO project turned out to be such a big sham, I just hope they did their due diligence on this upcoming one to avoid the mistakes of the past.

This will really get interesting in the long run and I am sure that bounty hunters will be very happy then, why ?
At least, there will also be an assurance for them when they participate in IEO projects that the campaign won’t take that long like ICO use to take because the developer will be raising the cap through exchanges and at the same time through hunters too, they will also get paid on time and will not be holding some of these shitcoins that has refused to enter exchange because I believe that what qualifies a project for IEO is that they must have had fund they will use in registering on an exchange.

First attempt with RAID was not successful and it was cancelled. It is good that Bittrex is doing a second IEO in such a short period after it. Hopefully, it will be more successful and well managed one.

I have no problem with bittrex running an IEO but my only concern is that do bittrex still has that big volume and liquidity to be successfully run such a campaign i guess it will be cleared afyer their first IEO so i wish them best of luck.

I hope they did a proper research on the new IEO project this time around. Raid was a disaster and thus questioned the diligence and the ability of the Bittrex team. A second disappointment will create an near irreparable damage on the mindset of Bittrex fans

I was very curious and ready to buy the first Bittrex IEO! But that Veriblock IEO ended within 10 seconds! So, IEO was a big hit but lots of the Bittrex regular member couldn't buy the token. It is a very good thing that crypto investors found a legal way to participate without the risk! These big platform's IEOs has become a blessing for the crypto industry! I am eagerly waiting for the second IEO of Bittrex!

I knew Bittrex would be more careful to do her research before making further announcement of any other IEO, so that people will take them to be serious.
Well, the IEO went on well and it was recorded to be among the most successful.