Bitcoin Forum

So after their unsucesful first IEO attempt, Bittrex International has successfully ended the Veriblock IEO.
https://twitter.com/BittrexIntl/status/1113110527511855106

Which IEO is next to launch? Kucoin?

Wow, it seems they take good lesson witht he failed attempt.

10 second is a great result, i wonder how veriblock will perform on exchanges.

yes, at that time I also saw it and I was very surprised that the coin was immediately sold out after a few seconds was released. but in my opinion this system is not good because many people who wait don't have the chance to buy the coin.

this seems like a new record. in just 10 seconds it sold out. I did not participate in the IEO not because I was not interested but because it was difficult to get the right time to buy, it was always late because it was very fast.

Well if that is true then it is a great news for bittrex and also this kind of confirms that ieos have gained acceptance and it will be the next trend probably, i hope ieos will be only for clean and quality projects and scammers will not be allowed to participate.

Though small in amount. That was an impressive sale of IEO in just 10 seconds.
The largest credits would go for Veriblock as they were having a good buzz even before they decided to sell a part of their ICO (30%) through the ICO platform of Bittrex.
Bittrex now realised they need to be very selective on choosing which IEO to be hosted on their platform.

Still Binance winning because when you click one second later you will not get anything -even you are waiting for 15 minutes in queue.

But why they were so successful? They sold only few percents of them total supply.  ::)

If they are doing an ICO, it would have to take more than a month. But 10 seconds for IEO? I wouldn't have the time to read what the project is about actually if it all will happen this quick.  This is going to be bad for the bounty hunters but at least they will now know that if price drops to less than 90% its not the bounty hunters to blame.

I also heard it today,but not for 10 seconds,but kind of like a conversation that went for 2 minutes,but still what does it say? first and foremost, to behold the same in that people are used to and want easy money,dramatically invested and then sold and earned,and everyone is trying to do,but we'll see how it all will end,poidee exchanges here are their authority and at their own expense even, pampati projects

The 10secs sell off doesn't sit well with me. That means those who bought must have been allowed to buy any quantity they wanted? No limit? Also, their internet speed must be super fast to be able to submit bid in time. This is a big disadvantage and disenfranchisement (even) to clients without super fast internet.

nope, its not 10 secs but 2 secs. Joined the bittrex IEO but it sold out in 2 secs
what the hell going on here? i dont think that normal for normal human. i think there is bot here

200k was the limit.

Don't FOMO, new opportunities pop up everyday.

I guess ICO craziness is back, gonna be a wild ride if so.  ;D

Bittrex should adopt binance system. Binance will launch IEO with lottery format
if this keep happend with 10 secs and sold out . investor will back to ico

The IEO craziness is back to the crypto community, with this method of IEO it seems only the whales can partake in it and they all get dumped when listed at x2 or more in an exchange just take a good look at all the IEO listed on Binance

and again in seconds, most likely only advanced people bought again, and not just ordinary people. I don't like it at all

After the success of Binance and Hoube, of course exchange bittrex also did not remain silent and it was proven that within seconds it was also able to sell as a whole

It seems it is very hard to get in these IEOs given such quick closings. Binance has announced changing their IEOs to lottery format that will be more fair to investors.

I did not stop laughing why this happened, a new record was archived. I also heard Kucoin exchanges carried out the IEO but it took a long time.

Such hype will grow and grow. I can't participate - sold in sec while I wrote count of tokens. But IEO challenge continues - MultiVac on Kucoin, new on OKex and Binance. This festival of greed will stay for long

Well done boys.I draw attention to the fact that many investors are simply hungry for investments. The time has come for generous wallets.Imagine how much would have collected by this project if it was possible to invest all comers?

I prefer IEO over ICO because it saves time for everyone, investors, project/owners.

10 sec is quite an impressive result to end an IEO.
But in my opinion it is not the right system because maybe there are many investors who may not get a chance to grab some Veriblock.

I know its too early to provide a negative comment, but I believe it will improve over time.

Let's see how it goes with Kucoin's IEO after 20hrs.

Kucoin will be the next exchange, but I do not understand why people take part in these IEO if nobody manages to buy coins of these projects

when viewed from this hype, is it not a natural thing to buy something that has the opportunity to get a bigger profit. what else at a time like, where everyone wants profit. so many people want to be part of this success, although in the end many also fail or are late in buying.

In fact, I think there is no development in recent times, because today's most popular investment tools include the Initial Exchange Offering (IEO). Especially in this area launched by the Binance service, many services give users the chance to create new projects and this situation is increasing day by day. Users who cannot successfully process IEO sales made by Binance also do not hesitate to turn to other services with less investor, and thus, fast sales are realized in such services. If I don't know anything about history, the Kucoin service will be the first Initial Exchange Offering (IEO).

This is totally unexpected with IEO sales in bittrex only needing 10 seconds, Veriblock project is mature in preparing it, I first saw the sale of the IEO just running out of stock of 10 seconds.

So this is what mean a real succes. It was sold like fresh bread or like a cold beer.

This once again proves that IEO is in great demand and gives new life to cryptocurrency and directly to the projects themselves, but of course I don’t like that not all people have time to take part for technical deficiencies of exchanges.

I guess for now, let us wait for sometimes and see if these projects that conducts their crowdfunding on exchanges will  deliver.  I believe this is a temporary hype as the result of projects that used IEO has yet to be seen.  But, it is a nice atmosphere that investors trust are shifting to cryptocurrency again with this IEO craze.

This is a good approach to IEO. Selling off that huge amount of token in just 10sec, no project as done that and indeed it will always be a remarkable record. Just that many people couldn't buy which I can see as the disadvantage OF IEO.

wow!i just saw this tweet and i am happy to see that but feeling really jealous for not perticipate in bittrex IEO :(
hopefully i can buy veriblock from bittrex cheaply.

To have time to participate there is almost impossible. But it's great that the rest of the exchange is also conducting IEO. Everyone is tired of fraudulent projects and therefore such a way to get a good profit is a great success.

The time it took did come as a surprise to me as well. Unlike Binance, the Bittrex brand has lost its popularity. Maybe it's the Veriblock marketing team that has done all the magic.

or we don't know if they have big whales inside just waiting for that to happen so it was sold for few seconds. though bittrex has lost its popularity, yet a lot are still using that exchange. now the next question is - will veriblock live up to its expectations? or just another altcoin that will decline its price after couple of weeks of trading? how solid is their foundation to withstand this market?

I think that is a result of the trend of both the IEO, and trust in the IEO has increased after binance did it well and succeeded.
The hype of the IEO is greater so this is an interesting moment for investors.
then the price of bitcoin rises at the right time. I think ICO has a tough rival.

I am done trying my luck with IEO because my network is poor compared to other competitors and also, i think the IEO process is rigged. Its designed to favor the team and insiders to a greater percentage than ordinary investors like me. 

It ended in 2 seconds. It is the fasted I have seen so far. Or maybe Multivac on Kucoin Spotlight will beat the record because I understand its a highly rated and recommended project by experts

Well it seems ieo are the orders of the year
Because there was a success with probit ieo too

Still, it’s best to pick advantage and remain on the profit margins if you are investing in the ieos

Don't FOMO, there are plenty opportunities to make profit all the time, don't worry if you miss one.

Check the video in the following tweet, it's hard to compete with that.  :D

https://twitter.com/LordCatoshi/status/1113147794380992512

Dang, what a record. Well, it's expected, IEO is really booming right now especially if listed on big exchange like binance, bittrex and huobi, it will ended only in a second. For the next IEO, i don't know but i heard binance will accepting more IEO soon.

almost like binance maybe because bittrex is a well-known market or indeed this is purely because of the influence of the new IEO "Hype" I hope IEO offers in other markets also follow like Binance, Bittrex who successfully sells tokens in seconds

People confused VeriBlock, which was on IEO Bittrex, and VeriCoin, which is already on Bittrex. The coin flew to the moon))))

 https://coinmarketcap.com/currencies/vericoin/

   :D :D :D

That's the binance's fault by putting a lot of hardcap for the personal investors, as far as i know bittrex was putting 20k as the hardcap and that's why this IEO can be sold just in a few seconds. Bittrex must try to put less hardcap for the personal investors.

I am interested in what you say, binance applies a very good strategy. it would be better if bittrex applied the same strategy in doing the IEO in the same format

The trend from the IEO which is currently getting bigger does make investors' interest even greater and also as a proof that within seconds they can run out completely and in my opinion this is a very good thing

Great result, I missed it though it seems like they overcome the failure in their 1st IEO with good results this time. If this continues it will attract more investors and they should be prepared for huge traffic, binance could not handle the traffic in their previous IEO with a huge amount of users. Meanwhile, kucoin ended their IEO in 7 seconds looks like the new tokensale trend is IEO.

just history repeating .. clearly they are not considering the utility or the problem with fake volume on 95% of the exchanges:
https://medium.com/altcoin-magazine/three-ways-to-spot-crypto-exchanges-with-fake-volume-846dc64e67c

That result is impressive and it is possible thanks to IEO  as investments are not confident with ICOs. I am not sure if they could raise the funds through ICO at all. IEOs are the way to go in the future.

Many cryptocurrency enthusiasts are now knowledgeable if the crypto market and have identified IEOs as the new money spinner. This is why we see a huge number of investors struggling to buy into the IEOs of top exchanges. This often results in massive disappointment to many investors without good network speed

I tried participating on it but yeah it was sold out in just a matter of seconds. I don't know if it's real coz it was unbelievable that it only took 10 secs. Hopefully on their next IEO,i'll get a chance to participate.

The first IEO was not unsuccessful but they deliberately canceled it before the IEO started because there was an internal error

The next IEO will be in Huobi on April 16

its demand too huge, and much people scramble to get its token.next IEO exchanges must issue new regulation so it will be more fair to all investors and every one could get their token on IEO.

It will be very difficult to participate in Bittrex projects because this exchange has a lot of users and more than 81,000 people have participated in the Veriblock project but the rate of purchase is very low. This is the first project to have the highest percentage of participants and I'm sure all lucky people will have a huge profit and it will help you have more money to invest in other IEO projects.

Its always thesame with each IEO . Most big investors use bot to buy off most of the token at the end the small investors will be left with nothing.  I think subsequent IEO should be ration to accommodate many people

Indeed, big investor must be using bot to buy off and hard for small investor to buy. Veriblock already listed in bittrex and traded more than 100% from IEO price. Its profitable and thats why big investor always looking IEO in big exchanger

I think it ended only within 3-5 seconds. I have been waiting for that IEO since i want to but some Veriblock coins but got disappointed with the process. I think there is some manipulation on Bittrex side. If they continue that way, nobody would trust them in the future.

Looks like IEO is a new trend now, a lot of IEOs launched. Almost of them has ended so fast and I haven't still bought yet any IEOs. Any guys has experience to buy it, can you share your experience?  ??? 

Exchanges that have a good place in ranking will be successful in IEOs. Bittrex was one of them and was able to complete the sale in 10 seconds. I guess only the weak ones will lose in this IEO competition.

Even though the market is in the bear market still we see so many ico demands and fundraising completed in less than  minute this show the demand of upcoming technology

The only solution to this, is to have more projects come on board, these projects gets sold out easily because investors are limited to few projects available at that particular time, it doesn’t even give them chance to verify the project if its worthy to be invested in or not because if one is not careful enough, the time one investor uses in doing research is what another investor is using to quickly accumulate more.

I just hope that IEO does not end up breathing bad projects that people will dump in no time, people are basing the success of the project on the fact that it is an IEO but I am sorry, IEO will not guarantee if this project will succeed in future or not.

I have no idea how something could be sold out in 10 seconds for that much money, nothing is that special, hell even if I knew what happens to bitcoin in 2008 and buy bitcoins I wouldn't buy it up all in 10 seconds that is way too quick. Calculations on how much you can buy and not disturb the market is really not done in these new coins, we have no idea who owns how much of veriblock and how it could hurt the market.

Maybe it was done in 10 seconds because someone bought a huge amount of it basically covering the whole IEO by himself in short span of time? Maybe that is why veriblock looks like it is loved by everyone but actually owned by just one? That would mean there is horrible times ahead for people who hold Veriblock and that person posses a big threat to the price? We have no clue if that is the case or not.

I think we should now be more focused on how these tokens have fared after IEO. Veriblock traded at 1.5 a day after IEO and currently hovering around the IEO price with a potential dump tomorrow. All these are happening barely one week since after IEO. Now my question is how long does it last before investors start recounting losses

Veriblok IEO ended in 10 seconds on Bitrex and it was a huge success, but still, when it appeared on the exchange it`s price was -25 % comparing to the IEO price. Conclusion : IEOs cannot guarantee the positive return on investment.

That's indeed and the result of price for IEO will be determined if based on the hype and exchange site itself. Bittrex has no demand and that's why there was no a lot of orders for that token. People are over rated with IEO. I participated in TOP network ICO and it's not IEO but it can give me 30x

I am doubting the integrity of these IEOs now. Even bots can't compete with them.  ;D I will not be surprised if the price of Veriblock will turned to be a disappointment in the future. Can someone explain the feasibility study that such IEOs can really be done within few seconds? Is there any loophole in their system?

You've got a point there, it have not come to my mind that it is actually owned by just a few person. But it is noted before the sale that there is a cap that an individual can purchase. Maybe there is some kind of a bot that they set-up to bought it. Lot of hype but at the end it is quickly dump for profit. Anyways, we are all here for the profit no matter what it takes.

Looks like they already have buyers of this coin.
With 10 secs that is very fast, I don't know if it beat the fastest IEO or not, but I would also like to know how much it has raised that time.

Kucoin held multivac on April 05 and it was successfully completed within 7-8 seconds. I think almost all of the IEO now will be able to succeed but the problem is not everyone will be able to invest their money because of the various rules and regulations. On the other hand, some people are manipulating the system even. So, I think it is not wise to limit people to invest. Instead, give a chance to everyone.

That was incredible in history of IEO, really a hard to beat record I think, deserves to be in Guiness book xD.

I guess someone big, a very very big whale investor jumped in to the project to buy more than half of the sale who knows

We would know if there is more information being shared here.
No matter who invested, what matter is the IEO was sold out and this project has a good funding that might be another potential coin in the future.

SCAM!

SCAM!

Bill Shihara is swindler and freak!

Well Veriblock is already trading below IEO price in terms of satoshis, so this should put a perspective on IEO investments in that they are not

immediate cash multiplying opportunities. Probably more educated and reasonable investors will show up to the upcoming ones...

Probably those who bought it uses bot that's why the quick 10 seconds sold out of Veriblock. But I agree that we really don't know if there is manipulation from behind or maybe some entities colluded and buy everything that quick. And probably they have the leverage to control the price whichever direction they wanted to stir the wheel.

It's not so far from its IEO price but remember about the fact that it has already traded below the ico price and that's it. I will never try to participate in the IEO that runs on the garbage exchange site without a lot of hype. It looks like there was a problem with veriblock IEO.

Now you have to thank all the FOMO buyers not giving you a chance to grab some Veriblock at IEO.

They saved you some serious money.  :D

But serious, don't FOMO buy any project.

now you see, it's just a scam.
250 sat soon i'm sure

Kucoin ieo is also in progress and the fears of everyone is still very much alive
Veriblock traded below ieo prices which brings questions about what difference ieo offers than icos

Icos always trade below sale prices
Now ieos are doing the same

Yeah its true, I was log in on Bittrex at that time, But i was not able to purchased the Token, The truth is a lot of participants who wish to buy the veriblock token was not successful since its first come first serve basis i think, the same fate was also happen on Kucoin, out of 6000+ participants only 1160 participants has succesfully Bought the MultiVAC tokens. its a clear evidence that the investors are just wait for the right time to invest in more secure way compare to the unregulated ICO's that phrone to scams.

Damn! This is why I wasted no time with IEO coins I had the opportunity of discovering (http://bit.ly/2K0GUby).