Veriblock IEO on Bittrex ended within 10 secs.

[Xmm]

People confused VeriBlock, which was on IEO Bittrex, and VeriCoin, which is already on Bittrex. The coin flew to the moon))))

 https://coinmarketcap.com/currencies/vericoin/

   

[X-ray]

I prefer IEO over ICO because it saves time for everyone, investors, project/owners.

10 sec is quite an impressive result to end an IEO.
But in my opinion it is not the right system because maybe there are many investors who may not get a chance to grab some Veriblock.

I know its too early to provide a negative comment, but I believe it will improve over time.

Let's see how it goes with Kucoin's IEO after 20hrs.

That's the binance's fault by putting a lot of hardcap for the personal investors, as far as i know bittrex was putting 20k as the hardcap and that's why this IEO can be sold just in a few seconds. Bittrex must try to put less hardcap for the personal investors.

[moynul2050]

Bittrex should adopt binance system. Binance will launch IEO with lottery format
if this keep happend with 10 secs and sold out . investor will back to ico

I am interested in what you say, binance applies a very good strategy. it would be better if bittrex applied the same strategy in doing the IEO in the same format

[sempak]

The trend from the IEO which is currently getting bigger does make investors' interest even greater and also as a proof that within seconds they can run out completely and in my opinion this is a very good thing

[LbtalkL]

Great result, I missed it though it seems like they overcome the failure in their 1st IEO with good results this time. If this continues it will attract more investors and they should be prepared for huge traffic, binance could not handle the traffic in their previous IEO with a huge amount of users. Meanwhile, kucoin ended their IEO in 7 seconds looks like the new tokensale trend is IEO.

[phillymogul]

just history repeating .. clearly they are not considering the utility or the problem with fake volume on 95% of the exchanges:
https://medium.com/altcoin-magazine/three-ways-to-spot-crypto-exchanges-with-fake-volume-846dc64e67c

[CryptoCoinArbitrage]

That result is impressive and it is possible thanks to IEO  as investments are not confident with ICOs. I am not sure if they could raise the funds through ICO at all. IEOs are the way to go in the future.

[CoinsOrDie]

So after their unsucesful first IEO attempt, Bittrex International has successfully ended the Veriblock IEO.
https://twitter.com/BittrexIntl/status/1113110527511855106

Which IEO is next to launch? Kucoin?

Many cryptocurrency enthusiasts are now knowledgeable if the crypto market and have identified IEOs as the new money spinner. This is why we see a huge number of investors struggling to buy into the IEOs of top exchanges. This often results in massive disappointment to many investors without good network speed

[Bes19]

I tried participating on it but yeah it was sold out in just a matter of seconds. I don't know if it's real coz it was unbelievable that it only took 10 secs. Hopefully on their next IEO,i'll get a chance to participate.

[L A R A]

So after their unsucesful first IEO attempt, Bittrex International has successfully ended the Veriblock IEO.
https://twitter.com/BittrexIntl/status/1113110527511855106

The first IEO was not unsuccessful but they deliberately canceled it before the IEO started because there was an internal error

Which IEO is next to launch? Kucoin?

The next IEO will be in Huobi on April 16

[Serco]

I tried participating on it but yeah it was sold out in just a matter of seconds. I don't know if it's real coz it was unbelievable that it only took 10 secs. Hopefully on their next IEO,i'll get a chance to participate.

its demand too huge, and much people scramble to get its token.next IEO exchanges must issue new regulation so it will be more fair to all investors and every one could get their token on IEO.

[duyduc256]

I tried participating on it but yeah it was sold out in just a matter of seconds. I don't know if it's real coz it was unbelievable that it only took 10 secs. Hopefully on their next IEO,i'll get a chance to participate.

It will be very difficult to participate in Bittrex projects because this exchange has a lot of users and more than 81,000 people have participated in the Veriblock project but the rate of purchase is very low. This is the first project to have the highest percentage of participants and I'm sure all lucky people will have a huge profit and it will help you have more money to invest in other IEO projects.

[DeathProxy]

Its always thesame with each IEO . Most big investors use bot to buy off most of the token at the end the small investors will be left with nothing.  I think subsequent IEO should be ration to accommodate many people

[Lexurdania]

Its always thesame with each IEO . Most big investors use bot to buy off most of the token at the end the small investors will be left with nothing.  I think subsequent IEO should be ration to accommodate many people

Indeed, big investor must be using bot to buy off and hard for small investor to buy. Veriblock already listed in bittrex and traded more than 100% from IEO price. Its profitable and thats why big investor always looking IEO in big exchanger

[bisdak40]

So after their unsucesful first IEO attempt, Bittrex International has successfully ended the Veriblock IEO.
https://twitter.com/BittrexIntl/status/1113110527511855106

Which IEO is next to launch? Kucoin?

I think it ended only within 3-5 seconds. I have been waiting for that IEO since i want to but some Veriblock coins but got disappointed with the process. I think there is some manipulation on Bittrex side. If they continue that way, nobody would trust them in the future.

[jubilarian]

Looks like IEO is a new trend now, a lot of IEOs launched. Almost of them has ended so fast and I haven't still bought yet any IEOs. Any guys has experience to buy it, can you share your experience?   

[mrdeposit]

Exchanges that have a good place in ranking will be successful in IEOs. Bittrex was one of them and was able to complete the sale in 10 seconds. I guess only the weak ones will lose in this IEO competition.

[incomefromcoins]

Even though the market is in the bear market still we see so many ico demands and fundraising completed in less than  minute this show the demand of upcoming technology

[prtty2gal2]

I tried participating on it but yeah it was sold out in just a matter of seconds. I don't know if it's real coz it was unbelievable that it only took 10 secs. Hopefully on their next IEO,i'll get a chance to participate.

It will be very difficult to participate in Bittrex projects because this exchange has a lot of users and more than 81,000 people have participated in the Veriblock project but the rate of purchase is very low. This is the first project to have the highest percentage of participants and I'm sure all lucky people will have a huge profit and it will help you have more money to invest in other IEO projects.

The only solution to this, is to have more projects come on board, these projects gets sold out easily because investors are limited to few projects available at that particular time, it doesn’t even give them chance to verify the project if its worthy to be invested in or not because if one is not careful enough, the time one investor uses in doing research is what another investor is using to quickly accumulate more.

I just hope that IEO does not end up breathing bad projects that people will dump in no time, people are basing the success of the project on the fact that it is an IEO but I am sorry, IEO will not guarantee if this project will succeed in future or not.

[coinplus]

I have no idea how something could be sold out in 10 seconds for that much money, nothing is that special, hell even if I knew what happens to bitcoin in 2008 and buy bitcoins I wouldn't buy it up all in 10 seconds that is way too quick. Calculations on how much you can buy and not disturb the market is really not done in these new coins, we have no idea who owns how much of veriblock and how it could hurt the market.

Maybe it was done in 10 seconds because someone bought a huge amount of it basically covering the whole IEO by himself in short span of time? Maybe that is why veriblock looks like it is loved by everyone but actually owned by just one? That would mean there is horrible times ahead for people who hold Veriblock and that person posses a big threat to the price? We have no clue if that is the case or not.