Bitcoin Forum

Recently several exchanges have announced launch pad, where ICO are sold and listed in those exchanges almost immediately at a high price.
This have attracted many investors.

Please while investing in the IEOs don't forget to investigate most of those exchanges because very soon scammers will soon take advantage of the IEO.

If all of the system will be taking over by its exchange site and how scammer can take the advantage in this case? The only possible thing through spread the fake massage and create phishing but a lot of people become even smart time to the time.

This is just another level up of ICOs.

There's a guarantee that these coins who will avail or join the IEO will be on the list for that specific exchange. In every type of investment, we all should 'DYOR' before investing.

It wouldn't be surprising if IEOs will be a place for scammers too, they always come up of something that they can take advantage of.

That's probably going to happen, scammers are good in their game, ICO was a good platform to invest back then very profitable indeed until these scammers shifted to ICO and create dubious projects, they are looking on how to penetrate the IEO platform now.

Thanks for the advice but I'm still confused on how the scammers can benefit from IEO ,are they going to jailbreak an exchange to launch IEO ? I guess not ,the only way I'm thinking of right now is if scammers open an exchange platform just for IEO launch so I will advice investors to only participate in IEOs from popular /well known exchanges

The exchange that launch crowdfunding for the project is the first that going to get the blame if this happens, but of course, we should also do our shares, do not totally trust exchange to do this for you, only invest IEO in a good exchange that worth your trust.

The important here is we don't have to use huge money to invest in IEO because we don't know if IEO was a very good program or not. And with using small money, we can test how good the programs, maybe it will replace the ICO and it will attract more investor because I read that in Binance one project got success to make a lot of money.

Most biggest exchange site in the market are now offering IEO
which bring big impact to the investor I can say the icos are now being alive because of initial exchange offering, but the sad thing if you dont have enough fund you cannot participate like in binance launch pad its require a minimum amount of bnb coin.

Well at the moment initial exchanges offering is soaring and doing extremely well
No need to read more; just join the initials projects and get started before the hypes die off or away

I agree with you there, the hype of IEOs this year is very pomising that gives huge ROI. But always be careful on picking the right exchange you want to invest on. I suggest top-class exchanges like Binance, Huobi, Kucoin, Bitmax and Bittrex.

there is still the possibility of fake projects using the IEO on one of the Exchange, so we must be vigilant. maybe for a large exchange it will be difficult, but what about the exchange like LAtoken and others. we will never know because many exchanges have a bad reputation.

and how they get profit. it's easy, they just need to do the same thing as another project. such as routinely providing information about development until the funds in the exchange sent to them then disappear.

High reputation exchanges will effectively check the investment attractiveness and transparency of projects. But your own research and a little foresight never hurt.
 

maybe youre right but honestly i dont think so, because IEO itself already being partnered with those exchanger, so basically the exchanger will be guaranteed the investor money as long in their service, so dont worry guys.

I do not agree with you. IEO is a new cryptocurrency sales format that is safer for investors. The exchange is responsible for its security. As we know, many exchanges invest a lot in their security so you have nothing to worry about.

Reputability, transparency, and security are important to evaluate before you choose to invest into any new startup using a launchpad to fund their venture no matter how much media hype or how many glowing reviews it receives because not all of them will be hosted by trustworthy exchanges and this can present risks for investors who haven't done their due diligence so be certain to conduct your own thorough research before investing

It is another scam game! Majority of the exchanges are copying Binance looking at their success without any actual background verification. The way ICO has lost the credibility, IEO will soon fall into the same place! The major problem with IEO is that, we are putting our trust on the reputation of the exchange and not with the token company which I believe is a big gap!

Every exchange should start making their due diligence process public so that the credibility can be kept intact. I was reading some articles saying that ICO activity is down by more than 90% compared to the last year. While Binance stepped into this turmoil, the picked the chord right! Now the same step is followed by the other exchanges is again going back to the beginning.

DYOR - Do your own research is the mantra of survival here!

for sure all investors will research first before he invests, even though the IEO is held in large markets does not rule out the possibility of fraud, I think investors are not stupid, just buy tokens from the IEO without doing research first

the IEO are the evolution of the ICO, they are safer and have more protection for investors, because they are backed by an exchange (exchange of reputation) .... the exchange will not put any scam, because it would damage their reputation as a platform , they have to go through an exhaustive investigation and analysis of the project carried out by experts! ... anyway, it is always good to do our own research!

Yes, this is the new trend now, almost all major exchanges are planning to have IEO already.


Of course, not because it is run by an exchange it will mean that it will be successful. There could be failures along the way so we also need to investigate and DYOR as a IEO investor.

It's necessary to investigate, but this lessens our job since the exchange itself will also do some investigation.
IMO, it's better than the previous set up of ICO in he past, less scam in this way and this makes the market a better place to invest again.

We haven't began to see scam projects in the IEO space because it is relatively new, but I think it's a good thing that we are already beginning to enlighten users about scam IEO projects that might rise up in the future, how to know them and also how to avoid them, this information might not be so important now but I can assure us that in few months to come we might need to come back to this information to know how to know this scam platform.

Let's continue to help our community and send the scammers parking.

IEO is a new way of making money in the cryptocurrency market and it is much safer than ICO, I have joined several IEOs and those projects ended very successfully, now I am focusing on the IEO of the Kucoin, hope I will buy it successfully.

I think scammer are already there! I have been following every IEO in these months and was shocked by seeing how many ICO projects turned into IEOs! So, many of them were bullshit in ICO place and now they are coming into IEOs to ruin its popularity and acceptance! Only noob and greedy people will go for those IEO projects. Smart investors always stick themselves in Binance, Bittrex, Huoi, and other big platforms.

Already IEOs will not receive great interest in small exchanges. Most exchanges already started IEO thinking that would make great profit with it. Lets wait little longer, already small ones will not be able to make any profit.

You have point but what can keep you safe to some extent is taking part in IEO launch on reputable exchange like binance, bittrex, okex because they will want to protect their name and reputation.

Well you make some sense in your statement we need to investigate any investment we are going into weather ico,sto or ieo because there are risks in them no matter where it was offered

Some IEOs are getting sold out very fast, which is very good and a sign of trust in crypto. This shows that a number of persons are still willing to invest in an initial offerings, but they are just scared of being scammed. I followed up an IEO which was able to raise some amount of fund. The IEO was sold at $0.03, the team is yet to open trading, already, the token is been traded in a black market in FolkDelta and trading at a very ridiculous price, I advise the team on what to do to save the price, but they are paying a deaf ear. I hope they know what they are doing, and I hope it doesn't end as a scam. One must be careful the exchange they buy IEO from.

This is crypto space, therefore, any project, whichever form it is, wherever it might be coming from and no matter how good the past records are, research is essential.
So to not just assume it will succeed, rather be very sure and be affirmative, that it will succeed based on your findings and facts.

As long as these new tokens are launching in a reputable and trusted exchange, investors need not to worry to much, these trusted exchange has their own system to weed out these fake token that will use their platform, an exchange will have to prove first, they are trustworthy enough  to hold an IEO.

Of course before each investment you need to look at what you have invested , I think you need to check the stock exchange , but now a very big hype and have time to participate is almost impossible , I think you need to participate in the ieo as you can make good money

The worst thing in this whole IEO story is that it is impossible to buy coins from the token sale. They are flying away within seconds, I have tried to take part in 5 IEOs and after I passed captcha, 7 million dollars were sold out.

The exchanges conducting the IEO are themselves fraudsters. They force you to buy their tokens at a high price, and you must also keep them for a long time, in order to have a couple of percent chance of being among the investors. This is not for me and I consider it a deception of ordinary people.

Yes, good exchanges usually do this and they have list of requirements that the NEW coin have to comply.
But as the OP said, some exchanges are not good and they can also may connections with the new coins and scam investors later on.
IEO doesn't guaranteed a good coin at all, it can still be a scam but I agree that its way better compare to ICO.

You will be safe if you are only going to invest in reputable exchange like Binance, who started it all, of course, many will envy Binance and will try to duplicate or copy their system and it will also become a cash cow of scammers, we must not let this thing happen.

I am agree, if we decide to invest in IEO, we should choose IEO from reputable exchanger. Many IEOs held by exchangers and i think the most safe and profitable is join in big exchanger like binance, bittrex, huobi or others reputable exchangers.
But mostly, IEOs in exchangers running very fast because many investor want to join and invest, its require fast internet speed and good preparation.

This has happened in the ICO so many times, it is not as if all investors who end up getting defrauded by ICO scammers didn’t do their research, they did, just that some of these scammers are quite too smart and research is not even enough again to really determine the quality of the project and how genuine it will be.

So, I thought IEO should be able to solve this but the way I am seeing things, they might still be able to penetrate IEO too and still do exactly what genuine investors would do, some of them might even end up creating an exchange themselves for purpose of defrauding investor.

I think Exchanges still need to adopt STO method or else, STO will be the one to proffer this solution.

of course we have to investigate first and do research on the project we are investing.. they just change the ICO to  IEO because they want to take back the trust of the investor..

The IEO is held directly by the token publisher to conclude the Initial Exchange Offerings or IEO are fundraising events managed by trusted exchanges or exchanges. so in my opinion the fraud to the IEO land is quite difficult because it must pass the stages provided by the stock exchange.

You have pointed out good points.
But the chances of scammers taking over IEOs is very minimal. The reason is, the exchange will carryout the necessary process to verify the team.
Scammers can only take advantage of IEOs when they hype a coin to attract investors and after IEO, fails to deliver what they promised, that is they abandon the project. Therefore it will be good to investigate thoroughly the team and their experience before investing in any IEO.

Already the majority consider the most attractive exchanges. Not being profitable has taught everyone it. IEOs are good as the exchange itself. Therefore scam IEO will also be in the scam exchange.

in my opinion now scammers have started trying their luck by trying to sell their tokens in the name of the IEO, but most of them certainly sell IEOs on their own websites without using launchpad, but still mention it is an IEO and maybe there is also a new launchpad offering the IEO but it is a scam token.

The only difference between IEOs and ICOs is that in IEOs exchanges serves as a medium to help protect investors. Then just as ICOs there are still teams who don't have what it takes to deliver any tangible product but will tend to hide under IEOs to achieve their aims.
So, whether IEOs or ICOs due diligence is always needed in any project before investing.

Yes I agree. You need to have a research before investing. Don't be attracted and trust in a small period of time because you might loss if there is something wrong in your investment. We need to be knowledgable in every investment that we do and in every decision that we make in this industry. Study forst before you invest,be wise investor.

Some exchanges will eventually turn out as exit scam. As soon as they receive the intended form, then that is all. Not everyone of them can be trusted. So it is expected of us to only participate in IEOs, particular on exchanges with good background report.
The rate at which exchanges fold up, blaming it on hack, shows that we truly need to be very careful.

Nothing goes wrong with investment but all happens as a result of how to treat and deal with it. Once you are done with it several times then your fear will fly away and your excitement and dominancy will catch fire. IEOs are much secure due to the action of reliable and trustworthy exchanges as third-party authority between the user and the project. Do research about it and get started with it as it works well.

I am agree, we should choose IEOs from big exchangers. Its true that many investor want make quick profits but if we choose IEO from big exchangers, i think its more liquid and more safe

in fact investments in ie and should be guaranteed by the exchanges that offer them, that's why one have to do them only on exchanges of absolute trust (for me binance over all)...

Binance or any other exchanges that are selling you these useless tokens do NOT guarantee anything, they are just getting paid by the real token owners (fund raisers) to list their token on their exchange and advertise it to their gullible customers to raise them money and in this process get a hefty fee out of that deal and also get a lot of fee from people dumping that token since it is still an exchange platform and trading costs fees.

The only way scammers will take advantage of IEO is only by creating fake exchanges ,you will see these exchanges in cheap styles and very soon they will start claiming to hold IEO on the exchange ,the extremely careful

Quite true but the fact that a project runs an IEO on an exchange doesn't mean it will be successful. Other things like Tokenomics, minimum value product, marketing and publicity matter too. For example, and IEO in Latoken can hardly do better than an IEO at Binance. (no disrespect meant)

but I guess making fake exchanges and doing IEO there won't get support from investors. that's a bad way. because we know that until now the crowded IEO is being carried out by large exchanges.

Yes, I understand, that IEOs are safer than ICO because they have been trusted by the exchange platform. But don't you think that these scammers are hiding behind this IEO, see that many IEO projects in Bittrex are said to be very good projects but in reality after the IEO is finished the results are not much different from ICO and even worse than ICO.
Yes, assuming people are different about this, I just hope they can choose the right thing and not make them regret.

IEO‘s are one of the best strategy of one project to get an investor and investment because this is better that ICO‘s if you are join in initial exchange offering you have a high percent to be not scam because they are already listed and no one exchanger that put their reputation for scam project.