CryptoAlphaStar
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June 07, 2019, 08:41:36 AM |
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I don't think that IEO means lesser chance of a scam project. It is just a different fundraising mechanism. Exchanges verifying the projects? Yeah, Binance maybe. But given the fact that most exchanges are scams too, and they play along with the ICOs, I don't see a reason for them to verify anything. They are in the fee collection business.
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Alpha0One1
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June 07, 2019, 08:56:07 AM |
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There's always a possibility, even if the IEO is from a reputable exchange like Binance, that the IEO project will close shop and not deliver. It's in the Terms and Conditions of joining any IEO's. Funds not SAFU in IEO's. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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babicena14
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June 07, 2019, 09:00:40 AM |
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This is not subject to any doubt, which is why to participate in the IEO on major exchanges, such as Binance, it is necessary to have a certain number of exchange tokens on your account. This method primarily attracts large investors and gives them a guaranteed opportunity to purchase tokens. While on new and small exchanges the quality of projects is questioned and does not guarantee any profit.
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CryptoBry
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June 07, 2019, 09:13:36 AM |
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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.
I am already aware of this problem. As far as IEO projects are concerned, things will boil down to the reputation and track records of the exchange where the crowdfunding is held. We should be avoiding exchanges that are not reliable as they can be introducing scam projects for the sake of money. Just because a project is doing an IEO does not automatically mean that it is genuine and will succeed in the marketplace.
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llecrf
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June 07, 2019, 09:22:18 AM |
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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.
The new exchange has a low trading volume when the development team wants to do an IEO on a new exchange, it will encourage investors to trade there. I think more crypto exchanges are better, but always be careful when trading and I will see project details before investing
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Moore234
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June 07, 2019, 10:24:50 AM |
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One thing about IEO is an upgrade of ICO. we shouldn't all expect not to fall into some projects that are scammed, lauching their IEO . I bought an IEO and the telegram group, the website just shutdown. Yes there's a probability some IEO are scam.
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Raymondavid47
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June 07, 2019, 10:43:25 AM |
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Yeah.. I wouldn't be too willing to participate in IEO on a small exchange. Small exchanges have not fully gotten the trust that's needed to attract a lot of users. But it will help if the people behind the exchange conduct kyc so that the community would not be left in the dark. Almost everyone knows the person behind binance, thus, that as brought about an amount of trust. And also it will be nice if the exchange does a serious kyc for the team behind any project that want to conduct an IEO on their exchange.
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spike420211
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June 07, 2019, 11:05:22 AM |
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Such precedents are already on the exchanges who do not hesitate to work with frank scam projects. In such dark deeds, Latoken and Yobit exchanges were observed. Do not mess with these sites if you do not want problems.
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dipeco
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June 07, 2019, 11:20:12 AM |
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For sure, everybody should remember the fist Bittrex IEO, where they cancelled the sale few hours before the launch, because it turned out that they lied about partnerships. Be advised and always check the projects before taking part in them.
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nightl
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June 07, 2019, 11:52:38 AM |
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For sure, everybody should remember the fist Bittrex IEO, where they cancelled the sale few hours before the launch, because it turned out that they lied about partnerships. Be advised and always check the projects before taking part in them.
hey had not only the 1st IEO, but also subsequent ones. The next one was bought up quickly, and the 3rd IEO turned out to be in a strong minus at the start of trading. IEO scam projects of course there will be, without it
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ikicha
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June 07, 2019, 12:01:22 PM |
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IEO like a ICO, maybe IEO is instant money than ICO. Maybe only 30% real project and 70% is only care about money. This is fact. Like binance, every month they have a IEO. Dev sold new created token to real money, every month
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prehisto
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Your Data Belongs To You
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June 07, 2019, 12:07:18 PM |
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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.
you are contradicting yourself. You state that Exchanges are going to list scams but in other sentences you say because they are not interested in such practices. Just dont go for New IEO exchanges who are not yet done any IEOs
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arjuna BTC
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June 07, 2019, 12:26:05 PM |
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There's always a possibility, even if the IEO is from a reputable exchange like Binance, that the IEO project will close shop and not deliver. It's in the Terms and Conditions of joining any IEO's. Funds not SAFU in IEO's. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) yeah thats right, everything is very possible in this industry, because there is no guarantee on profit mate, so people should do their deep research before investing in ICO, STO even IEO
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MrPiggles
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June 07, 2019, 12:36:36 PM |
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There's always a possibility, even if the IEO is from a reputable exchange like Binance, that the IEO project will close shop and not deliver. It's in the Terms and Conditions of joining any IEO's. Funds not SAFU in IEO's. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) yeah thats right, everything is very possible in this industry, because there is no guarantee on profit mate, so people should do their deep research before investing in ICO, STO even IEO I agree with you . The IEO is no longer safe and recently many poor IEO projects are emerging in this market and that's why I'm no longer interested in investing in those IEO projects. I should only choose big IEOs that are in the top exchanges because the opportunity to make a profit is much higher than other exchanges but also need to be careful because you can't always earn good profit from IEO
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Flor1982
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June 07, 2019, 12:42:15 PM Last edit: June 07, 2019, 01:09:23 PM by Flor1982 |
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Like ICO, not all projects in IEO are legit too that is why we need to be vigilant in joining any project that we should ensure that the project really exist together with their team members specially the CEO. Aside from ensuring that it was not a scam, we should also ensure that the project commodities are feasible to the masses as it will attract more people to invest making your investments to grow too.
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Nalbo
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June 07, 2019, 12:46:28 PM |
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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.
There's nothing that makes IEO unvunerable to scams. And with 1000s of exchanges and all of them listing their own IEOs, we'll be seeing more scam than real projects. Popular exchange probably does a good bit of research before listing any coins as IEO apart from the good fees, as the failure of IEO would certainly tarnish the image of the exchange. But the less popular and shady ones have nothing to fear.
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Chika08
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June 07, 2019, 01:02:05 PM |
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The irony now is that even some old exchanges that conducts IEO turns out to be scam as well.. Read some speculation somewhere about some exchanges like IDAX manipulates the price raised for the project. So don't just trust any exchange.
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MonsterV
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June 07, 2019, 01:02:39 PM |
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Small exchanges can still do an IEO provided that there are no issues in the past about their exchange, this is a good way to prove that they can compete with big exchanges if they can handle IEO.
Yes, it's one to determine it, sometimes I also often assess small exchanges through companies that are a business of cooperation. If the exchange has a partnership with a large company, then I would not hesitate to use this exchange, it is quite simple and easy isn't it.
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Chomsy
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June 07, 2019, 01:09:23 PM |
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In my opinion, buying into any IEO conducted by new or lower exchanges is a big risk. I can only go for IEO conducted on notable exchanges. Those new exchanges might just be created for the purposes of scam.
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fapar
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June 07, 2019, 01:27:36 PM |
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The irony now is that even some old exchanges that conducts IEO turns out to be scam as well.. Read some speculation somewhere about some exchanges like IDAX manipulates the price raised for the project. So don't just trust any exchange.
Unfortunately, this is not the irony of the situation but the reality. And IDAX is not alone in the pews on IEO. Suffice it to recall Bittrex and Yobit. But they give a tool for manipulation, and to use it or not is up to you.
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