Scammers will go after IEO soon

[cunguks]

The IEO is still new and in my opinion the potential is still quite large later, and now people still sound new and the scamer is still not so much but the potential is still there

in the future IEO will probably be the same as ico. from the sales procedure it also seems not too different, there is only the involvement of the exchange in making sales. scammers might use it, because they certainly see opportunities to earn money.

[Thyristor]

Even if the IEO launches on popular exchanges, don't be fooled immediately. I mean look at Binance, Bittrex, Poloniex and all the big guys. They all listed shitcoins at some point.

Bittrext's first IEO also failed miserably, didn't even get to launch when people found out some hanky panky and Bittrex decided it was too risky.

Do your own research, and don't invest blindly in something just because it's all hyped.

I think you saying about Bittrex recently launched IEO namely @VeriBlock. How it's failed because sell duration was 10.4 second and 850 investors https://twitter.com/BittrexIntl/status/1113123437227229184
Binance sell out duration was better 15 minute.

[Cheesus]

Yes, you are right. As scammers are still live and seeing the crazy hype about IEO, so they will come with scam IEO instead of fake ICO! People are forgetting ICOs, only IEOs are trending on the board at this moment! So, every investor should be very aware of unknown exchange's IEOs. Anyone can go with Binance, Bittrex, and other big platforms to participate in their IEOs. But beside these platforms, everyone needs to go through a very hard investigation! To play safe, I will not go outside of big exchanges to buy IEO tokens!

[laredo7mm]

IEO Currently it is still new and maybe later it will be the same as the ico hype which is indeed going to experience a decline and as of now, scammers today are still not so much because ieo is also a new project

[trudovik]

This can only be said after the first incidents, which will happen very soon in any case, because they simply cannot cope with them. I am sure that IEO will continue to develop and lose its reputation.

[electronicash]

IEO Currently it is still new and maybe later it will be the same as the ico hype which is indeed going to experience a decline and as of now, scammers today are still not so much because ieo is also a new project

you may never really know, they could  get there too. most of the scammer knew this market so well that they already considered having their own network exchanges. but then those small scammers will still continue to go into ICO. a way to collect money but i hope they will soon try to at least get an escrow for trust. if they have to get money from investors at least building a trust first by then we can investigate more including the escrows.

[mersal]

Very soon scammers will find ways to make IEO their new source of scamming innocent people ,newbies especially please be on watch out and thread carefully ,invest only in IEOs that are launched on popular exchanges
-----Scam ideas that might be possible from my thoughts
1) very soon scammers will start building new exchanges just to lure victims
2) And through these exchanges they will start promoting Fake IEO projects just to make investors invest there hard earned cash and bang they will disappeared in thin air.
Remember that huge money are made through IEO this days and hardcap are easily met so be on the watch out ,scammers will surely do there best.I believe IEO is a effect way of investment in 2019 and so far so good ,many IEOs already double up or even triple up there IEO price per token and its a very good sign .thanks

yes anything is possible in this crypto field so we need to be careful in everything if it is IEO also there is lots of possibility to scamp project for this we need to be more defend you in any situation and also the possibilities are be hired to fraud because they are scammers are always intelligence to make this possible.

[@baoli]

You made some valid point. But I think this IEO is coming from a different dimension. It is like say a world renowned bank is offering some of their product. The only I see people being scam is if they sign up with fake exchanges. If exchange like Binance and Bittrex are offering IEO one should feel free about it

[fullhdpixel]

If scammers successfully penetrate the initial exchange offering, then that becomes a huge disadvantages for them and will bring bad reputation to the exchange. My worry is, not all this exchanges offering ieo has the capability to hold this guy's off

Some smaller exchanges will virtually fail in this part except they go fully learn from the older and popular ones but their pride and competitive spirit would not allow them to do so.

I foresee in future where so many of these exchanges will all start carrying out IEO project which we can see the few ones already competing with Binance and other popular exchange which in little time, they will fail woefully by falling into the hands of these scammers that will bring a bad reputation to their exchange. Well as for me, till Binance and Huobi no longer exist, I will only be participating in any IEO coin listed on them.

[bitgolden]

I wonder why some guys are so lazy that despite all the gift they have, it is scamming they want to use it for because someone that can get to the extent of building an exchange must also be a gifted one, instead of using the exchange to scam, why can’t he genuinely develop it fully and gain popularity like other popular exchanges which most of these exchanges even gets more profit than any of the amount a scammer can cart away with, but don’t you think they can also come inform of bad projects ?

They might even register on Binance and get people fund which in the end, they will personally create a dump for the project to collapse and not function again after raising whatever money they want to raise through the IEO.

[Alohadanc3]

Yeah you are kind of right. Wherever the money goes scammers come anyway. They will chase down ieo in few days and make this whole thing less interesting and full of discounting. But I also think that it's a bit hard for scammers to get into IEOs than ICOs. Cause they have to choose one exchange and if that exchange is not supporting them then it's hard for them to enter the market. I I think Big exchangs do their own research then select a project for IEO. But the number of exchanges is growing day by day so it's easy to catch a small exchange and complete their scam

[swetka]

Yeah you are kind of right. Wherever the money goes scammers come anyway. They will chase down ieo in few days and make this whole thing less interesting and full of discounting. But I also think that it's a bit hard for scammers to get into IEOs than ICOs. Cause they have to choose one exchange and if that exchange is not supporting them then it's hard for them to enter the market. I I think Big exchangs do their own research then select a project for IEO. But the number of exchanges is growing day by day so it's easy to catch a small exchange and complete their scam

We must look at the practice history not only of the cryptocurrency market, but also at life situations in real life. Scammers have always found ways to cheat and take money. Therefore, we must always be careful and attentive.

[vgk88]

Many investors who are participating in the IEO do not study well the project in which they are going to establish. I think this is due to the fact that people trust the choice that the exchange will make.

[pinoycash]

Many investors who are participating in the IEO do not study well the project in which they are going to establish. I think this is due to the fact that people trust the choice that the exchange will make.

Yes, Most IEO Investors don't care about the project features.

Investors Trust Binance Launchpad judgement when it comes to accepting project in their platform but it doesnt mean they trust the team behind the token project.

In short anything that involves binance will surely win the heart of investors in any ICO

[Mila52]

Indeed, a new type of scam has appeared. Many new exchanges are being created, where to promote IEO and attract investors, are lured bounty hunters by a large payments for the work on advertising the project in social networks  and then, as a result,  didn't pay them nothing. Perhaps the investor is protected, but not hunters

[taratorly]

Lol, they are on it already. But wise investors won't buy IEO on shit exchanges. Only a few will fall for it, especially those who can't get into IEO of popular exchanges because of the rush, they might buy into those new scam exchanges due to desperation. Even when buying into IEO of reputable exchanges, due diligence is essential.

Everything started to become completely blurred. After Binance, Bittrex's IEO was sold out in seconds. I think it was effective in the forward movement we saw in Bitcoin these days. But soon someone will get hurt. It's a matter of time before the IEOs, who are now collaborating with a ridiculous project which we call as SCAMMER...

[Moore234]

Obviously.  There's definitely gonna be a reality about that. Now that IEO is the one involved,  they will have a way to introduce a scam project and allow people invest . But in my own opinion I think investors should be careful in IEO they invest. It will definitely help!

[Mikell556]

Very soon scammers will find ways to make IEO their new source of scamming innocent people ,newbies especially please be on watch out and thread carefully ,invest only in IEOs that are launched on popular exchanges
-----Scam ideas that might be possible from my thoughts
1) very soon scammers will start building new exchanges just to lure victims
2) And through these exchanges they will start promoting Fake IEO projects just to make investors invest there hard earned cash and bang they will disappeared in thin air.
Remember that huge money are made through IEO this days and hardcap are easily met so be on the watch out ,scammers will surely do there best.I believe IEO is a effect way of investment in 2019 and so far so good ,many IEOs already double up or even triple up there IEO price per token and its a very good sign .thanks

Exchanges conducting an IEO ensure that the projects they host are not fraudsters. Of course, the exchanges cannot guarantee that the price of coins for a new project will increase. However, the very fact of placing a new coin on a large exchange can cause an increase in the price of this coin. Let us hope that the IEO will give an impetus to the growth of the price of the entire crypto market.

[ranman09]

This scamming will never stop I guess if only we have an entity holding all of these tokens. It really seems easy to just create and advertise them. Even putting NO KYC can really drag people onto them excitedly.

[Mrcharles]

As the cryptocurrency space is evolving, many practices will be invented to test its viability in the industry, Scammers are also lurking to take advantage of loopholes in the system and industry. The onus lie on us, to be very vigilant and endeavour to carry out some research before delving into investment in IEO