Why Exchange Run ICOs may be a bad idea

[muslol67]

Although not as expected, the number of ICOs is decreasing. In particular, recently published ICOs usually belong to cryptocurrency exchanges. So we started to reach the satisfaction point. There will not be much new coins anymore, I think.

[Svelto]

Well, I guess any project won’t be any limitation to the amount a person can buy. The more funding raise and earlier the ICO end will be better for the project. To be frank, limitation to the amount might just delay the success of ICO.

[smyslov]

There are advantages and disadvantages, the coin will automatically be listed, this is not actually the first time, they just copied Yobit, who from time to time launch new ICO in their market and eventually get pumped those ICO coming from their platform from time to time.

[Maxre]

binance is now a popular exchange in altcoins but if they also run ICO it's a decision the CEO has taken.
I strongly disagree because with that there will be many more exchanges that will follow in the footsteps of the binance.
which makes the ICO can be manipulated by the pope.

[wuvdoll]

So we all witnessed the first major exchange-run tokensale, the BTT tokensale at Binance. Binance has decided to list tomorrow and looking at the sentiments around the reply given, it may not be a good idea for future projects.

Many of CT believe it's just a mere manipulation by whales since they'll always by first. The BTT tokensale had just about 1000 buyers and people think that's where great manipulation will come from.
So how does this determine the future of other similar projects. Now, let's wait to see if it'll be a pump/dump scheme so that we can better conclude.

We can't really know if its a good thing or a bad thing without testing it out. I mean how would we know if it will be better or worse without actually testing these kinds of BTT deals on binance like giants. That is why I support the first 10 ICO's that are on binance because that way we will see how it will be for the people who participate and then come to a conclusion if it was a good idea or not.

If all 10 are bad then we will not continue with it or at least give any importance to it, if there are 2 or 3 good ones among the first 10 then we will decide it could be good or it could be bad, if over 5 of them are good then we can say it was a good decision. Hence, we need to wait and see how it will be for the next ones and how they will be AFTER the ICO as well.

[masterrex]

So we all witnessed the first major exchange-run tokensale, the BTT tokensale at Binance. Binance has decided to list tomorrow and looking at the sentiments around the reply given, it may not be a good idea for future projects.

Many of CT believe it's just a mere manipulation by whales since they'll always by first. The BTT tokensale had just about 1000 buyers and people think that's where great manipulation will come from.
So how does this determine the future of other similar projects. Now, let's wait to see if it'll be a pump/dump scheme so that we can better conclude.

source: https://twitter.com/cz_binance/status/1090572501476765697

Well these is crypto everyone can speculate. But whats wrong with those coin offering on exchange, Besides its not a shitcoin remember its Bittorrent its already an establish name and now just tokenized. Lets just accept the reality the so called Whales are exist in this space so why we bothering ourselves with it. just focus on what are we doing to earned better results.

[dulinivanrus]

if there were only a 1000 buyers, was there strict limits (for some reason)?
if anyone was allowed to contribute (almost) any amount, it seems like it should work out great, with a lot of people participating.. why not?

It seems like binance is not putting any limitation to how much someone able to buy BTT. It looks like they are only accepting the big whales that can be considered as accredited investors only. that makes sense 1k buyers acquired all of BTT on binance.

Why should the exchange make restrictions. Who wanted to buy it, but some just did not have time as the sale of tokens lasted 18 minutes. I heard that the demand was huge and the exchange began to work unstable during the sale.

[hovrah]

if there were only a 1000 buyers, was there strict limits (for some reason)?
if anyone was allowed to contribute (almost) any amount, it seems like it should work out great, with a lot of people participating.. why not?

It seems like binance is not putting any limitation to how much someone able to buy BTT. It looks like they are only accepting the big whales that can be considered as accredited investors only. that makes sense 1k buyers acquired all of BTT on binance.

Why should the exchange make restrictions. Who wanted to buy it, but some just did not have time as the sale of tokens lasted 18 minutes. I heard that the demand was huge and the exchange began to work unstable during the sale.

Apparently the trading market did restrictions at its discretion, because it could not billiards for the entire cryptocurrency market and do something for the benefit of the cryptocurrency. today, we are witnessing a general fall in the cryptocurrency market, and these factors have a bad effect on weak exchangers.