About buying ICO and how I can flip it via Binance

[Passionate]

Hello everyone,

I would like to ask how (and where) I can select and then buy ICO and flip it if its profitable via Binance.

Apologies for the construction of my sentence as I am not 100% sure if what I'm trying to achieve is normal.

But I am just a salary person with few hours to spend in a day to research this and it would greatly help if this could be answered.

So basically, I am thinking of checking new ICOs and fundamentally making judgment if it will be profitable for me.

And then when the price of it becomes higher than the amount I bought it for, I would like to exchange it in sites like Binance so I could withdraw it in cash.

Looking forward for some help.

- Passionate

[Oshosondy]

No initial coin offering (ICO) on Binance, it is initial exchange offering (IEO) because Binance is an exchange.

On Binance, check LaunchPad, be checking it often, you will see new IEO there.

[Passionate]

In the image, it mentions specific time.

What timezone is Binance.com based on?


I deposited 100 GBP and turned it into 0.28 BNB.

But when I refresh in the launchpad it still show 0.00 BNB...

EDIT: I get it now, it will be refreshed at 2:30 binance time, but what timezone is binance?

Also, what exact time do these tokens get added into binance exchange?

[Maus0728]

What timezone is Binance.com based on?

Not really sure about yours, but when I have done some transaction (e.g., withdrawal or a deposit) within the exchange, the date and time of the notification adapts to the timezone I am currently in, take note that the time format is in 24-hr military time.
As per the Binance launchpad, typically after the token is listed, the price of the token explodes for about 2-3 days before gradually losing value over time, which is very similar to how ICOs worked in the past. And I think it is risk-free, especially since you are simply staking your BNB into the pool while securing the token before it is officially listed on the market.

But still, even if the token is guaranteed to be listed, your job is to study and research the project before staking.

[cryptoaddictchie]

If you are having a hard time expressing yourself and exolaination, you can use your local section a place where you can speak your own language. Which country you are?

Also not all ICOs are gauaranteed to be listed on binance so you cant flipped coin on them that easily unless you bought a launchpad on their platform which is typically listed there rifht after their event.

[boyptc]

ICOs are no longer good these days, you may fall into a scam if you pursue that. But I think there's still a few of them that are legitimate but they're not supported of binance. Usually, they go into IEO and binance is announcing that it through their email and through your account there.

You check the earn page of theirs and there are the launchpads and that's the likely of what you're wanting to invest in ICOs.

[mk4]

You can check a project's backers to get a good idea on how likely is the project to not die in the short-mid term. But then, there still won't be any guarantees that the project will be listed on Binance; and also not to mention that even if a certain project gets listed on Binance, it doesn't automatically mean that you will end up in profit.