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Author Topic: Some IEOs could also turn out to be scam  (Read 13139 times)
farraddy
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June 15, 2019, 07:49:23 AM
 #181

Potential investors should study the IEO project, as they previously studied ICO projects. Scam will not go anywhere from the sphere of cryptocurrencies and you should always be careful.

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mersal
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June 15, 2019, 08:02:10 AM
 #182

As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.
This is just the beginning in future we may see more kind of scam project event through promoted by the crypto exchanges because there are lot of shit exchanges start doing promotion of new crypto project which cannot be compared to the reputed exchange promotion, so do your own research and invest if you convinced enough to invest on the project.
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June 15, 2019, 12:37:16 PM
 #183

Although the possibility is not zero, at least the chance to turned into a scam IEO is smaller than ICO.
Do you think top exchange like Binance will launch scam IEO ? If they want to ruin their reputation, yes.
We just need to investing on trusted and reliable exchanges IEO and avoid new exchange IEO to be safer.

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June 15, 2019, 01:06:10 PM
 #184

On idax there are so many IEO's coming and i tried to search those coins and joined their telegram but there is no activity, im guessing its a dead project

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blockchainwriters
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June 15, 2019, 01:31:42 PM
 #185

IEOs are nothing but icos but bit different  version but the naming is different what ever rules of safe investing applicable for icos same for ieos investors should carefully invest in ieos as well
aioc
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June 15, 2019, 02:17:43 PM
 #186

Small exchanges are now doing that, they are  following the leaders and what's trending so we can expect more IEO from the small exchanges, but that does not make them scam, big exchanges have a lot of requirements and it's very costly they opted for small exchanges to save funds and allocate it on the development of the project, but that does make them scammer.

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June 15, 2019, 02:43:48 PM
 #187


There are already IEO scams in yobit, I'm pretty sure if can also happen to the new exchanges that were doing IEO today. Maybe if they are going to be doing IEO to several exchanges will makes our hunches gone but if they are doing it to an unknown exchange probably newer exchange, you're better not joining. Worse is that if an exchange is part of these bigger scam.
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June 15, 2019, 02:47:15 PM
 #188

They will not conduct an scam IEO intentionally that's sure but if you are thinking of investing small exchange IEO, that's risky. Some new exchange has popped up now to conduct IEO.
Jadesola
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June 15, 2019, 02:49:45 PM
 #189

IEO too can be very dangerous at times if we are not careful because of the new exchanges that have joined the league of IEO. Make proper findings before taking part in any IEO, we should understand that in crypto, nothing is 100% certain.
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June 15, 2019, 02:49:53 PM
 #190

ive only participating in IEO on big exchanger, simply because almost all of crypto held IEO on big exchanger can pumped right after IEO end, but i will sell after that, yes youre right IEO can turn to a scam, thats why i only invest long term in bitcoin and few big coins
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June 15, 2019, 03:43:04 PM
 #191

They will not conduct an scam IEO intentionally that's sure but if you are thinking of investing small exchange IEO, that's risky. Some new exchange has popped up now to conduct IEO.
That's the difference now, that IEO scams are determined by large or small exchanges. Because big exchanges don't want to do this kind of thing which makes the reputation of the exchange destroyed. That is why, many people who suggest when they want to invest, of course what they see is the project and its exchange.
hohuan101
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June 15, 2019, 03:55:57 PM
 #192

As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.
Binance is a place where all projects want to look. This is good for them to choose an IEO. Small exchanges are the opposite, they do not have much choice for the IEO. This makes it easy for them to pass the project's dangerous details only so that both can be IEO.
crispyfry211
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June 15, 2019, 04:16:57 PM
 #193

Obviously they can be a scam to even they are already listed in exchange,so its the same with some ico pro3 that has been scam also so i rev3 projecta before joining and i have found this project the Dencoin and its good for investments.
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June 15, 2019, 04:30:58 PM
 #194

People don't care about scam IEO,because exchanges provides liquidity and as for other problems it doesn't matter. That is the main reason.
Better think about your approach to select IEOs
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June 15, 2019, 04:38:14 PM
 #195

The scammed people are looking for another option in order to protect their crypto and emotions. IEOs are not providing the best security but it is the best available option in this situation. No guarantee for anything related to crypto projects.

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June 15, 2019, 04:55:24 PM
 #196

The market for ICO is down, so scammers are not getting fund from them as they used to. Therefore, in order to cover for these lapses they would opt for what is trending, which is IEO.
Scammers will find it difficult to infiltrate bigger and reputably exchanges go perpetrate their evil act, which makes it safer. Instead they would go for scam exchanges, that will not bother to checkmate whatever is coming in, because of the fund they also want to raise for themselves.
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June 15, 2019, 05:00:35 PM
 #197

Still only we can be sure about the projects those holding IEO at reputed exchanges. As above explain top exchanges can't lost their customers, But some shit exchanges  don't think about their reputation and holding whatever project even if they don't have well plans.
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June 15, 2019, 05:16:14 PM
 #198

The scammed people are looking for another option in order to protect their crypto and emotions. IEOs are not providing the best security but it is the best available option in this situation. No guarantee for anything related to crypto projects.
There's no guarantee but since it's trending nowadays that's why many investors are taking the risk, they also have the same idea where there's no assurance even it's already an IEO's chances that exchange and the project developers can make a deal and dumped the project after the sale period
is over would be the risk to take.

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June 15, 2019, 05:23:48 PM
 #199

Don't let people fool you. That's why sharing is so important. it concerns many people, especially the first entrants. follow. plenty of earnings for everyone.
spike420211
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June 15, 2019, 08:29:22 PM
 #200

maybe the risk is smaller when compared to ICO and we still have to be careful and choose a big exchange and research the project as well as possible before investing, because where there is an opportunity, the fraudsters will try to enter.

The risk is almost zero, unless you use the services of SCAM exchange, then do not be surprised, on such exchanges any IEO can be a scam. Unfortunately, people still continue to use such platforms.
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