Why are people rushing to buy the IEO at Binance?

[bennguyen]

Binance is currently one of the most prestigious crypto trading floors, so the IEO on Binance is very much interested, IEO sold out in very short time.
Especially, the projects launched for sale of the IEO on the Binance Launchpad are very successful, bringing high profits to those who buy IEO.
Some projects have opened selling IEO on Binance:
- GIFTO (GTO):
- BREAD (BRD)
- BitTorrent (BTT)
- Fetch.AI (FET)
- CELER (CELR)
Do you see the IEO on Binance is worthy to buy?

[BitHodler]

The question shouldn't be whether or not IEOs on Binance are worthy to buy into, but more so about how on earth can you as random Timmie buy into this shit because of how rigged and front-ran everything is.

You have to compete with Binance itself, users who have been granted the privilege front run other users, and a whole army of bots. Do you see where I'm going to with my point? You need to be super lucky to buy into one.

[buwaytress]

The question shouldn't be whether or not IEOs on Binance are worthy to buy into, but more so about how on earth can you as random Timmie buy into this shit because of how rigged and front-ran everything is.

You have to compete with Binance itself, users who have been granted the privilege front run other users, and a whole army of bots. Do you see where I'm going to with my point? You need to be super lucky to buy into one.

Amen. Why would you ever want to compete at such a disadvantage? ICOs gave unfair advantage to "private buyers" and partners, gave them deep discounts, gave them and other people unfair free tokens, while the poor average investor, the one most likely to contribute to the actual ecosystem, the one getting the least value for buck in terms of tokens, he's got to pay full price, and he's got to wait in line and join the landgrab.

IEOs are no different in this regard. Why would you want to put yourself at that kind of disadvantage? Just get Bitcoin. Be done with it. At least it's all yours and at fair price.

[mk4]

Re: Why are people rushing to buy the IEO at Binance?

Probably because people are hoping to get the same returns like in 2017 ICO bubble. They're basically bigger gamblers; as if bitcoin wasn't risky and volatile enough for them.

[1Referee]

Do you see the IEO on Binance is worthy to buy?

No. I see a lot of scams that Binance is allowing to rape its users on its own platform, lol.

Thus far the only potentially interesting IEO that I have seen is BTT (BitTorrent) because of it's mass appeal. It will perform either extremely bad or extremely well. The rest isn't even worth looking at. I'm certain that the people behind these projects will end up dumping the remainder of the tokens on the market when they feel that it's time to exit.

IEO's are pump and dump schemes for the native tokens exchanges printed out of nothing.

[o_e_l_e_o]

Probably because people are hoping to get the same returns like in 2017 ICO bubble.

True, but a fool's move. The 2017 bubble was based on pure hype. You could put your money in literally anything and make a profit. Does anyone even remember the coins which were being shilled all over the altcoin boards, reddit, twitter, etc.? I remember seeing posts for coins like DeepBrain Chain, Bounty0x, and Dragonchain multiple times a day across various sites. Look at them now. Down over 99% from their ATHs.

We might well see this kind of pattern again in the future with newbies pouring in and pouring their money in to every piece of trash, but it isn't happening at the moment. I hope we don't see it, because the vast majority end up losing money, bag holding, or just rage-quitting crypto altogether. The ones who make profits of this kind of activity are the creators of the shitcoins, the exchanges, and the huge traders with insider info and bots on every exchange. The average Joe will just get burned.

[mk4]

Thus far the only potentially interesting IEO that I have seen is BTT (BitTorrent) because of it's mass appeal. It will perform either extremely bad or extremely well.

The only reason I could see BTT pumping would be due to the platform being widely known(BitTorrent). As a token though? Ehh. I honestly still don't see the point of using such token on a platform that's actually working well without a token. Also, it's running on Tron.. sooo...

We might well see this kind of pattern again in the future with newbies pouring in and pouring their money in to every piece of trash, but it isn't happening at the moment.

I honestly(and unfortunately) see it happening again on IEOs. Just a lot more minuscule compared to the ICO bubble. Wait till a huge wave of new money comes in.

[milewilda]

Do you see the IEO on Binance is worthy to buy?

Worthy in terms of project potential? NO! These are just typically the same shitty projects we do see on ICO's.So theres nothing new here.

Worthy in terms of Profit? Maybe! but you would need to be lucky to get in thats why i dont bother on buying into any IEO at this moment.This do looks like a pure gambling to me rather than an investment.

[AdolfinWolf]

Do you see the IEO on Binance is worthy to buy?

Worthy in terms of project potential? NO! These are just typically the same shitty projects we do see on ICO's.So theres nothing new here.

Worthy in terms of Profit? Maybe! but you would need to be lucky to get in thats why i dont bother on buying into any IEO at this moment.This do looks like a pure gambling to me rather than an investment.

That depends though.

I'm still waiting for the moment companies like Bittorent are going to do an actual IEO -- Where we can buy a piece of their company and thus a share of the profits.

Then things would actually start to become interesting - especially for these grey internet companies who would otherwise never be able to conduct any sort of real IPO. (Although i can foresee these companies still using this as a moneygrab, or a way to cash out.- still, it could be cool.)

I mean, Bittorent has a pretty steady businessmodel, right? they could pay dividends etc.


As for now, yeah, these useless tokens are a complete gamble, and imo, a freaking scam.

[1Referee]

The only reason I could see BTT pumping would be due to the platform being widely known(BitTorrent). As a token though? Ehh. I honestly still don't see the point of using such token on a platform that's actually working well without a token. Also, it's running on Tron.. sooo...

Just the speculation alone is enough to pump it through the roof. The token comes handy in cases where frustrated leechers are looking for peers to seed their stuck torrents, which is quite a nightmare for older torrents, but with a token as reward it will help stimulating peers to show up.

It can also stimulate content creators, artists, developers etc to list their content on BitTorrent for a fair price which might help decrease the large amount of piracy that's happening. Another thing is that you can rent bandwidth from people looking to earn a some money. The token is just an incentive to unlock new possibilities that wouldn't likely be unlocked without it.

There is more potential in BTT than 99% of all the ICO's and IEO's that we have seen.

[AdolfinWolf]

The only reason I could see BTT pumping would be due to the platform being widely known(BitTorrent). As a token though? Ehh. I honestly still don't see the point of using such token on a platform that's actually working well without a token. Also, it's running on Tron.. sooo...

Just the speculation alone is enough to pump it through the roof. The token comes handy in cases where frustrated leechers are looking for peers to seed their stuck torrents, which is quite a nightmare for older torrents, but with a token as reward it will help stimulating peers to show up.

It can also stimulate content creators, artists, developers etc to list their content on BitTorrent for a fair price which might help decrease the large amount of piracy that's happening. Another thing is that you can rent bandwidth from people looking to earn a some money. The token is just an incentive to unlock new possibilities that wouldn't likely be unlocked without it.

There is more potential in BTT than 99% of all the ICO's and IEO's that we have seen.

meh. They could've done all those things without another special "token", using fiat etc...

It can also stimulate content creators, artists, developers etc to list their content on BitTorrent for a fair price which might help decrease the large amount of piracy that's happening.

I highly doubt that... When you think of bittorent, you don't think about artists listing their "Art" -- quite the opposite... Even a 100 mil IEO isn't going to change that image. That's not what bittorent got popular for, and focusing on this definitely doesn't seem like a good idea, considering the competitors in that market. (Which are regulated and have billions of $ in marketcap.. .)

If this BTT token is really the best one out there, the others must really be dogshit.

[Indamuck]

I don't see why this is so surprising.. The Gambling industry pulls in hundreds of billions each year.  Put 1% of that for crypto gambling and its at the minimum one billion each year.  Its easy to see why they can sell 10 million worth of tokens (lottery tickets) to that crowd that is seeking to get rich quick.

[OmegaStarScream]

ICOs always had a bad impact on crypto and bitcoin in general, IEOs makes it worst If you ask me. These projects are simply taking advantage of reputable exchange platforms, and it's working, so much that people don't even pay attention to the project or what the team is developing, etc.

The assumption that these coins will skyrocket for the sole reason that it's listed on Binance is false. It might be the case for some time but in the long run, It's not gonna work. A coin price should be based on the user base, use case, etc. and not in the exchange being traded on, at least not it being the main reason.

[milewilda]

I mean, Bittorent has a pretty steady businessmodel, right? they could pay dividends etc.


As for now, yeah, these useless tokens are a complete gamble, and imo, a freaking scam.

Of-course this one is excluded yet we know on whats BitTorrent and even i would definitely invest on this one without any hesitation.

[figmentofmyass]

ICOs always had a bad impact on crypto and bitcoin in general, IEOs makes it worst If you ask me. These projects are simply taking advantage of reputable exchange platforms, and it's working, so much that people don't even pay attention to the project or what the team is developing, etc.

maybe ICOs had a bad impact on bitcoin's image (i don't particularly care) but they certainly have a positive impact on price. the design of ICOs necessitate investors to buy coins like BTC and ETH first. even during the bear market, a lot of that value stayed locked in ICO company reserves and ICO tokens. so inevitably the existence of the ICO market helps to prop up the price of BTC.

The assumption that these coins will skyrocket for the sole reason that it's listed on Binance is false. It might be the case for some time but in the long run, It's not gonna work.

of course. once it becomes too obvious, the gains will become marginal. once that happens, all the hype will die.

and then some other new token scheme will come along and grab everyone's attention!

[bennguyen]

ICOs always had a bad impact on crypto and bitcoin in general, IEOs makes it worst If you ask me. These projects are simply taking advantage of reputable exchange platforms, and it's working, so much that people don't even pay attention to the project or what the team is developing, etc.

maybe ICOs had a bad impact on bitcoin's image (i don't particularly care) but they certainly have a positive impact on price. the design of ICOs necessitate investors to buy coins like BTC and ETH first. even during the bear market, a lot of that value stayed locked in ICO company reserves and ICO tokens. so inevitably the existence of the ICO market helps to prop up the price of BTC.

The assumption that these coins will skyrocket for the sole reason that it's listed on Binance is false. It might be the case for some time but in the long run, It's not gonna work.

of course. once it becomes too obvious, the gains will become marginal. once that happens, all the hype will die.

and then some other new token scheme will come along and grab everyone's attention!

The IEO and the ICO all have good and bad sides.
I agree that the IEO and ICO will help increase the price of ETH and BTC because anyone who wants to join it needs to buy BTC or ETH.
However, when the IEO and ICO fail, some investors will no longer trust Crypto, which negatively affects Bitcoin and altcoin.
So if anyone intends to participate in the ICO or the IEO, they should learn about the project they want to join. Good or not good depends on your choice!

[mk4]

meh. They could've done all those things without another special "token", using fiat etc...

Exactly my thoughts. I still couldn't think of a good reason for a token, as BitTorrent was working well without the tokens in the first place. Justin Sun just pretty much bought a well-known platform that's well-known on the internet, and just created an unnecessary token just because he can. Most probably just to bring clout to Tron.

[PrimeNumber7]

These companies are essentially raising Venture Capital. I would not be surprised if some retail investors were buying, but I speculate the majority of buyers are VC funds who specialize in investing in companies at this early stage (no profits, and little revenue, with the potential for both). The majority of these companies will end up failing, but those that are successful can produce very hefty returns for early investors.

There are many VC platforms that allow accredited investors to invest in companies at the VC stage.

[o_e_l_e_o]

Justin Sun just pretty much bought a well-known platform that's well-known on the internet, and just created an unnecessary token just because he can. Most probably just to bring clout to Tron.

Justin Sun is a marketer. His technical knowledge is below that of most people on this forum, which is why the majority of Tron's Whitepaper and code was plagiarized from other projects - he has no idea how to write them himself. He does, however, know how to whip up his followers in to a frenzy over literally nothing. He claimed Tron was partnering with a "tens of billions USD valuation industry giant". Turns out that "partnership" was Tron buying cloud computing services from them. That's like me saying I have a partnership with Google because I use their search engine. Then he claimed Tron was entering in to a partnership with Liverpool Football Club, and Liverpool responded directly calling him out for lying. He is a serial liar who has somehow ended up in a position way beyond his capabilities, and is doing anything to cling on.

The whole thing is just another marketing stun.

[BitBustah]

Most of business is just marketing.  Are Air Jordan shoes really worth $200? No it only takes a few dollars to make each pair but all the value comes from advertising.

Good technology driven crypto projects will get nowhere without marketing.  Justin Sun isn't a technical genius but he knows how to create hype around tron.