Veriblock IEO finish in 10 seconds, what's your take?

[coingecko]

Bittrex posted on twitter:

"The IEO for @Veriblock ended within 10 seconds. Thanks for participating in the Initial Exchange Offering.

Stay tuned for future IEOs coming soon."

IEO seems to be like ICO at the early stages, but i am skeptical.
Did the IEO really sold out to public in 10 seconds or did most of it already been bought up by internal investors and just a small portion of it actually sold to public?
This seems like also another way to convince the market into putting their money into buying "legit" IEOs that will be listed on these launchpads in the future.
Will IEO last for the long term? Or will the hype just die down in the coming few months?

https://twitter.com/BittrexIntl/status/1113110527511855106
https://www.coingecko.com/en/coins/veriblock

[GhostWithin]

I was able to buy a little less than zero, like most people who wanted to participate there
IEO is a temporary solution (in the form in which it's now). It needs serious modernization, otherwise hype will end quickly.

[xenomorphe1]

I was waiting to buy, but it finished before i started. I suppose big investors did bought all the stock before little investors could start buying something.

[dihari]

Well, it's finished before I understand how it works.
Is this IEO on bittrex same as binance launch pad?

Btw this veriblock is on mainnet phase and looks like nothing to wait anymore. At least I know why it's end on 10 seconds.

[coingecko]

Well, it's finished before I understand how it works.
Is this IEO on bittrex same as binance launch pad?

Btw this veriblock is on mainnet phase and looks like nothing to wait anymore. At least I know why it's end on 10 seconds.

Yes, theoretically its same as Binance Launchpad and many other IEO platforms out there, but everyone tends to brand it differently.
Binance is actually not the first to do it, the first one that i know of is done by Kryptono (https://kryptono.exchange) early last year and there are a few other small ones that follow suit before Binance decided to do it.

Yes i am curious on what Veriblock will deliver now that they have raised all the money in seconds, and is it worth all the hype or will it die down after the hype like Fetch Ai

[ice18]

Looks like many investors was not able to buy even they are waiting for exact time of sale same as Binance many got disappointed and blame bots and whales they are the only one who are able to bought large amount of this coins, this is one of the disadvantage I can see in IEO many wants to buy but got nothing its like first come first serve basis or manipulated, who knows.

[TooDumbForBitcoin]

Bittrex has fell down in my eyes. They don't even made any  captcha check. It was a dream for a scripters, not normal people

[capcaypro]

I was waiting to buy, but it finished before i started. I suppose big investors did bought all the stock before little investors could start buying something.

I have prepared the same to buy but in my opinion 10 seconds is quite short, sending just a token takes 10 seconds, the IEO sales are so fast.

[abstractednerve]

I am almost sure that Internal investors or Bittrex itself bought the tokens like the Binance. Now people think Veriblock IEO ends in 10 seconds, such a big project it is! So, a huge hype already created by the bittrex team and people will fight to buy first this token from the exchange! However, I think this IEO hypes will end very soon. People will realize that this is another way to betray maximum people. Binance, Bitteex should bring IEOs for their supporters, not only for the whales.

[semes]

With Bittrex's entry into this field, I guess it is unreasonable to make normal ICO. Normally a project that will be dragged on for months, can make hardcap in seconds with IEO. In the case of major exchanges, IEO is in a very logical situation.

[BitcoinHodler]

there are only two possibilities here in my opinion.

1. there is a lot of newbies leftover from the ICO days who are desperate to gamble their money in new ICO and ICO-like things and try to win back a small part of their huge loss. so with introduction of new things like IEO they fall for it and think things have changed and they can make profit so they jump on board with their eyes closed.

2. there is something shady going on in the background. possibly even money laundering so they never wanted to allow anybody else to participate in their thing, they just wanted to run a fake front while they washed their dirty money under our nose using a shady exchange like bittrex which after losing a huge part of their market share is now desperate to make money so the bribes are a highly possible situation here too.

[mu_enrico]

IEO, ICO, same cr*p different names. Sold out in 10 seconds sounds too good to be true for a legit investment. Yesterday I got notified by friend to participate in this IEO, and my response was "meh!" I prefer to buy bitcoin more.

Remember the quote:

If it's too good to be true, then it probably is.

It is more likely to be private sale instead of IEO

[slaman29]

Yeah. It will probably make a lot of money for whoever invested. Good timing, just before this burst of 20% price increases for all crypto markets. And then that's the problem. It will be the next ICO. Everyone will say damn I missed that IEO. And FOMO into all the next few IEOs, which will also probably make a lot of money. People don't learn.

[Xmm]

I think that Binance is a genius, otherwise it will not be called! I even bought their tokens, because I know that they can more than we imagine it! Of course, not everyone can participate in the IEO now, this is an "API war", but soon they promise that everything will be held in the form of a lottery!

[X-ray]

Well, it's finished before I understand how it works.
Is this IEO on bittrex same as binance launch pad?

Btw this veriblock is on mainnet phase and looks like nothing to wait anymore. At least I know why it's end on 10 seconds.

People are in demand to buy IEO because they have learned what has already got by those investors on binance IEO. They are betting it and try to reach it ASAP but they will dump it after it already listed on the exchange site and then they will use their profit to invest in the next IEO.

[qazgroup]

Looks like it is not only due tothe new trend of IEOs but also crypto market seems to be improving and that can be confirmed by increase in volume and liquidity so i hope good times are coming soon.

[duyduc256]

Bittrex posted on twitter:

"The IEO for @Veriblock ended within 10 seconds. Thanks for participating in the Initial Exchange Offering.

Stay tuned for future IEOs coming soon."

IEO seems to be like ICO at the early stages, but i am skeptical.
Did the IEO really sold out to public in 10 seconds or did most of it already been bought up by internal investors and just a small portion of it actually sold to public?
This seems like also another way to convince the market into putting their money into buying "legit" IEOs that will be listed on these launchpads in the future.
Will IEO last for the long term? Or will the hype just die down in the coming few months?

https://twitter.com/BittrexIntl/status/1113110527511855106
https://www.coingecko.com/en/coins/veriblock

Everything happened very quickly and I was very lucky to be able to participate in this project. According to Bittrex statistics, there are more than 81,000 people participating in investment but only 355 lucky people can participate in Veriblock project. The buying rate is really low, making it difficult for us to participate in major IEO projects so you should wait VBK to be listed at Upbit and Bittrex so that you can buy a better price.

[NightMar_1St]

Sorry I couldn't buy it. Hope to buy the next time. Hope this trend needs improvement.

[mrdeposit]

Yeah, I heard about that. Apparently, new IEO wave is coming. But the successful IEOs are in big exchange and this means the exchanges are the major factor and IEOs are not a big boom.

[Olatunjex]

Most IEO have tried to participate in has never been successful for once, they are sold out in the blink of an eye, a times i wonder maybe my Internet connection isn't as fast as those who were able to buy, i hope it can be more transparent than this whereby people can see address of those who bought.