Second Attempt: Bittrex Announces Its First Initial Exchange Offering

[pawanjain]

Agree with you. Bittrex has been bringing changes with so many things on it's exchange. The mandatory KYC is the main reason why many people have shifted to binance and I would agree that binance is still far better than bittrex. Binance has it's own 'Binance Launchpad' which is a token development platform for the IEOs and it's going pretty decently. It has been accepted well by the investors and traders. It's recent IEO Bittorrent was very well received by the traders and investors.Bittrex on the other hand screwed up it's first ever IEO for some reason ( I still don't know why). May be once bittrex does a successful IEO then people may gain trust over it again.

you are absolutely right on everything you said about where bittrex got it wrong except where you said bittrex made kyc mandatory for people likewise on binance if you want to participate in binance IEO launchpad you must pass their kyc.

The mandatory ID verification on the Binance Launchapad is still better because binance is by far the most secure exchange in today's date. Besides that it depends on you whether you want to take part in it's IEO or not.
One thing I would like to point out here is that if you would take part in ICOs and if it was mandatory to give your KYC details then you would had to give your personal details to every ICO you would take part in whereas if you do the ID verification process on binance launchpad once then you would be eligible to take part in every IEO that launches on it's launchpad without any hassle of KYC.

[Caladonian]

I think it will be a very successful step. Binance proved that the IEO is a great model. I am very interested in what will happen next.

I agree, after binance success it's time for those big exchange to follow the steps, making this investment be profitable once more for the benefits of investors and the coin developers, with supports coming from much wider communities the success rate of being fully developed project is much higher, knowing Bittrex from this business, it can add good competitions and will be a healthy investment journey to the community.

Will have to wait and see the progress of this attempt and follow all the leads for much higher success venture.

[AjithBtc]

Binance have made a big success on the IEO through the launchpad. Following the same more exchanges have come forward with the plans of distribution through IEO. This time bittrex have come to launch its first IEO as it got postponed for months which was scheduled to take place months back.

[bering]

IEO has became slightly popular lately after binance success launch their IEO and it's normal if other exchange were motivated to made their IEO but i was so curious about the progress later whether it will be success or failed but i do agree if IEO being popular and maybe it can be restore people trust to investing again through crypto

[sana54210]

If this becomes a huge success, we can expect more to come, like what the article says " IEO model could help restore the trust of investors and push the industry forward." that means ICO and bounty hunting would just become a second for a company to launch their crowdfunding.

I am very sure that the IEO is going to be a success for bitrex because they have been existing for a while now and already have a very large user base ready to participate in the IEO so that they can make profit once the coin hits the exchange for trading. This IEO will be successful, though IEO will be the new trend in town that everyone will want to participate it, but we are still going to see bounty in the IEO space very soon because the power of a project is not just being able to sell your token, but to build a community.

[Supercrypt]

Why are we celebrating this because I don’t see any much big thing about what Binance introduced and has already carried our successful projects, so now that bittrex is in it to compete with them, why the jubilation  or is there anything I am missing out ?

Aside that, this IEO really need to be limited to some exchanges especially the big one and I know that bittrex is also more than qualified to carry out such project too but I wouldn’t want a situation whereby some irrelevant exchanges too will start introducing IEO because of competition, which might make it easy for scammers to still penetrate through them.

[melomanskiy]

In my opinion, bitrex swiftly swung at the idea. Of course, I wish them luck in another attempt to implement IEO, but something tells me that it will fail.

[Yalovtsev]

Judging by what I know and what I write,the project is at least a couple of x's will,and it's not so much the technology,but rather on the credibility of the platform Bittrex is at stake to stand so many talking about it,and judging from this I think charges will be done quickly and efficiently,and like the project itself more interesting

[Collinberg]

Bittrex is one of the biggest exchanges out there but to be honest, I lost respect for them after their first announced IEO project turned out to be such a big sham, I just hope they did their due diligence on this upcoming one to avoid the mistakes of the past.

[sana54210]

If this becomes a huge success, we can expect more to come, like what the article says " IEO model could help restore the trust of investors and push the industry forward." that means ICO and bounty hunting would just become a second for a company to launch their crowdfunding.

Totally agreed, Binance has shown that IEO is actually more reliable and preferable by both investor and developer. If other Big Exchange like Bittrex following it's step, IEO will attract more investor and project developer. But however eventually when many left ICO and pick IEO instead, bounty hunting will be still be needed even when company using IEO, since the competition is getting more tight between project, they will need more promotion.

This will really get interesting in the long run and I am sure that bounty hunters will be very happy then, why ?
At least, there will also be an assurance for them when they participate in IEO projects that the campaign won’t take that long like ICO use to take because the developer will be raising the cap through exchanges and at the same time through hunters too, they will also get paid on time and will not be holding some of these shitcoins that has refused to enter exchange because I believe that what qualifies a project for IEO is that they must have had fund they will use in registering on an exchange.

[CryptoCoinArbitrage]

First attempt with RAID was not successful and it was cancelled. It is good that Bittrex is doing a second IEO in such a short period after it. Hopefully, it will be more successful and well managed one.

[qazgroup]

I have no problem with bittrex running an IEO but my only concern is that do bittrex still has that big volume and liquidity to be successfully run such a campaign i guess it will be cleared afyer their first IEO so i wish them best of luck.

[RockDJ]

https://stadivm.com/cc/bittrex-ieo-second-attempt/

"The past few months have seen many positive steps for the cryptocurrency industry in general, such as the further development of the Bitcoin Lightning Network and even a new movie based upon cryptocurrency.

However one development which is been plagued with issues, while simultaneously showing promise, are the introduction of Initial Exchange Offerings, or IEO’s.

Following a controversial first bite at the apple, Bittrex has decided to give Initial Exchange Offerings another try. The announcement came following the cancellation of the RAID IEO a few weeks ago...."

I hope they did a proper research on the new IEO project this time around. Raid was a disaster and thus questioned the diligence and the ability of the Bittrex team. A second disappointment will create an near irreparable damage on the mindset of Bittrex fans

[Cheesus]

I was very curious and ready to buy the first Bittrex IEO! But that Veriblock IEO ended within 10 seconds! So, IEO was a big hit but lots of the Bittrex regular member couldn't buy the token. It is a very good thing that crypto investors found a legal way to participate without the risk! These big platform's IEOs has become a blessing for the crypto industry! I am eagerly waiting for the second IEO of Bittrex!

[Bonwin]

I knew Bittrex would be more careful to do her research before making further announcement of any other IEO, so that people will take them to be serious.
Well, the IEO went on well and it was recorded to be among the most successful.