Bttzed03 (OP)
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Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
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February 26, 2019, 10:44:05 AM |
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After Bittorent, another project (Fetch) had another sold out ICO. After many claims that "ICOs are dead", why is it that we still have these ICOs being sold out in a matter of seconds?
Is it because it's held on Binance?
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jvdp
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February 26, 2019, 10:54:14 AM |
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After Bittorent, another project (Fetch) had another sold out ICO. After many claims that "ICOs are dead", why is it that we still have these ICOs being sold out in a matter of seconds?
Is it because it's held on Binance?
Binance is the top most crypto exchange, So they have big whales in this community. This exchange is not favour for common traders because they split the three types of trading verification for consumer potential so we never expect the favour for all the member. |
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bartolo
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February 26, 2019, 11:48:09 AM |
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Most probably the Binance brand name is playing a key role, especially in this second case. Rightly or wrongly, people are trusting these projects because they are backed by one of the most important exchanges.
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Thomas-s
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February 26, 2019, 11:51:41 AM |
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this is just the usual manipulation by this exchange. they forced people to buy their BNB token and then bought their ICO themselves and earned money twice
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darkangel
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February 26, 2019, 12:02:48 PM |
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After Bittorent, another project (Fetch) had another sold out ICO. After many claims that "ICOs are dead", why is it that we still have these ICOs being sold out in a matter of seconds?
Is it because it's held on Binance?
Exactly, because these ICOs are held in Binance. If these ICOs are not organized in Binance, I believe it will fail like many other ICOs today. |
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oegarod
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February 26, 2019, 12:06:18 PM |
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After Bittorent, another project (Fetch) had another sold out ICO. After many claims that "ICOs are dead", why is it that we still have these ICOs being sold out in a matter of seconds?
Is it because it's held on Binance?
Yes, it is all because Binance is launching it. When Binance launches the Token, surely it'll give trade support through their Binance coin. This adds value for their coin through circulation. Next thing is the focus on big giants, market is filled with whales and this network too is getting turned for the people with huge funds. |
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g8d6n5q9g1
Jr. Member
Offline
Activity: 74
Merit: 1
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February 26, 2019, 12:23:46 PM |
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Binance is the biggest exchange for the moment. Everything he throws succeeds. And it's the same for all his ICOS!
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Bitbtc8
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February 26, 2019, 12:30:07 PM |
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ICOs are not dead and I'm tired of hearing it over and over again ,investors are now very smart at going after better projects only that's why bitorrent and fetch.ai ICO was a success,its a good thing that many are scam that's the only way many will learn and be more extracareful when choosing any ICO projects
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r32godzilla
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February 26, 2019, 12:35:24 PM |
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Binance is like Tron, they have very powerful marketing and everything what is connected to Binance is hyped for few days, the question is if it is okay.  |
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icalical
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February 26, 2019, 02:03:34 PM |
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Absolutely because Binance has extremely huge daily trading volume. It makes the hype for the ICO, does not always mean the ICO is good. And when an ICO is held via Binance, it will be instantly listed Binance Exchange, so investor will not need to worry whether they can sell their coin or not after the ICO is concluded. In my opinion, this is good, why? Because Binance do the check and research before they decided to facilitate an ICO. So, at the very least, it reduces our work as an investor.
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poodle63
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February 26, 2019, 02:55:21 PM |
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After Bittorent, another project (Fetch) had another sold out ICO. After many claims that "ICOs are dead", why is it that we still have these ICOs being sold out in a matter of seconds?
Is it because it's held on Binance?
Have you seen what already happened with those early investors of BTT? they have been getting a lot of money dude. they got 7x return instantly and those fetch.ai investors are looking for that. That coin will be instantly listed on binance and will be a big thing for them all. |
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khufuking
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February 26, 2019, 03:05:15 PM |
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The fact that this ICO will get an instant listing on Binance is enough to make any ICO sell super fast even if that ICO was useless, let us face it almost everyone joining an ICO is only joining with one intention which is making a profit they probably do not even care about what the project offers and we all know that every investor dream is to get the ICO invested in listed on Binance so if a project will fulfill this dream with no doubt investors will rush to buy in it without even a second thought. Anyway, I think Binance ICO is just a new hype and will take its time and end like any other Hype.
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anjohyx
Member
Offline
Activity: 451
Merit: 10
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February 26, 2019, 03:55:22 PM |
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I think all the ICO sold out because of binance, it's a top 1 cryptocurrency exchange in the world, daily trading volume is too big, community including a lot of big whales, binance is a key and let the project ICO become successful. Let us guess if the ICO is run on small exchange, do you think the result is same, I only know that cryptocurrency is not dead yet  |
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mrdeposit
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February 26, 2019, 09:46:30 PM |
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This is mostly related to Binance. It can be seen as the place where people's ideas are the same. They think they are gonna make a profit if the currency is sold in Binance. I know the currency is good too, but it would not sold out in 22 seconds in others.
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evanescence
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February 26, 2019, 09:50:21 PM |
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After Bittorent, another project (Fetch) had another sold out ICO. After many claims that "ICOs are dead", why is it that we still have these ICOs being sold out in a matter of seconds?
Is it because it's held on Binance?
I liked how this article describes it - https://chainbulletin.com/fetch-ai-ico-sells-out-in-minutes-on-binance-launchpad/. Bittorrent did a 10x after the ICO, people seem to think this success rate will continue with the next ones on Binance. Similarly to Basic Attention Token and how it made easy money for participants, leading everyone else to enter ICO-s. The hype will end after the first ICO which doesn't bring profits. Until then - enjoy. |
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LbtalkL
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February 26, 2019, 09:58:52 PM |
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Binance has high and good reputation, they will not accept any projects they have high standard too given that they are confident to launch an IEO (Initial Exchange Offering) with Fetch it means they have fully verified this project and will not ruin their name. I have seen a few of this IEO on different exchange too but the impact not like with binance And they have a lot of supporters and whales.
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StephenJH
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February 26, 2019, 10:03:02 PM |
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After Bittorent, another project (Fetch) had another sold out ICO. After many claims that "ICOs are dead", why is it that we still have these ICOs being sold out in a matter of seconds?
Is it because it's held on Binance?
The top crypto exchange is behind these wholesale and this is dangerous if something goes wrong on project. Many people are buying for making money and the limitations are not enough for specific investor groups. It was sold out less than 5 minute and this will attract other projects for listing their ICO in binance. |
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peonminer
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February 26, 2019, 10:33:02 PM |
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Binance looks like a big circle jerk for China and the devs that are allowed to participate in all of the unregulated areas. Their "ICO Launchpad" shows coin distribution that is horrid. Check out the one running now for FETCH. https://launchpad.binance.com/en/project/44https://ex.bnbstatic.com/images/20190225/8c36fb44-79f8-42d5-a3e9-99ff3e311eb7.jpg61.6% is already set aside for "Advisors, Private Seeds, Team, Foundation". Full market control and saturation before it even comes out and it's in the hands of the controllers. They're basically hosting their own P&Ds and flaunting it. Only 15% will go to miners. Then 17.4% for "future release". Future release? Does that mean after they're done dumping the 60% on people they will just dump another 17.4%? |
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Raizou
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February 26, 2019, 10:41:19 PM |
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If these ICOs were executed by a group of anonymous people they would have failed. The reason for its initial successes is because it's in Binance and big players supporting it, unfortunately this is the market and before participating in these projects is to do a good research and then have no regrets. |
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cytpoway121
Member
Offline
Activity: 1540
Merit: 68
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February 26, 2019, 10:42:35 PM |
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After Bittorent, another project (Fetch) had another sold out ICO. After many claims that "ICOs are dead", why is it that we still have these ICOs being sold out in a matter of seconds?
Is it because it's held on Binance?
Binance big investors aside, binance helps those projects get massive hype Which is important in crupto currency But don’t rush and buy binance icos, dyor first and be sure what u are getting into |
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