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Author Topic: Some IEOs could also turn out to be scam  (Read 13096 times)
Xanxus024
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October 10, 2019, 01:48:34 PM
 #301

Only the IEO has a good project and is done on a good exchange, which is also able to make investments in the IEO to benefit. So don't ever expect that all IEOs will make you profit. It must be remembered that not all IEOs can make you profit.
Correct the advantage of IEO is in a good exchange which is we have a guaranteed to got our token instantly because if the exchange is unknown the impact to the contributors is no that big so in every way that we do is to become more wisely.
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October 10, 2019, 01:49:07 PM
 #302

Most  IEO turn out to  be scammed because  new  exchanges  only care  about making revenue  without  thinking of investors and their reputation..  Most  exchange  has tarnished their image for  listing scammed project..  When its  come to  IEO big exchange like Binance they  always think about their  reputation too.  so investor have be careful to  choose trusted exchange when it come to  IEO.

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October 10, 2019, 02:01:36 PM
 #303

Most  IEO turn out to  be scammed because  new  exchanges  only care  about making revenue  without  thinking of investors and their reputation..  Most  exchange  has tarnished their image for  listing scammed project..  When its  come to  IEO big exchange like Binance they  always think about their  reputation too.  so investor have be careful to  choose trusted exchange when it come to  IEO.

That's also one reason why investors don't invest and its because these new exchanges such as Vindax are going to ask KYC documents from them. This isn't acceptable for them and I have some doubts the projects doing IEO  in these new exchanges are somewhat making these team an accomplice to their charade. These teams are the first to appear scam and then the exchanges later on but it may take time before they close just like how the previous exchanges had close all of a sudden.

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October 11, 2019, 07:14:13 PM
 #304

Scammers don’t stop improvising on new techniques to scam people, we already saw how they polluted ICOs, therefore  we have to be extra careful on IEOs. They have exploited the ICO and in no time will go after IEO to do the same
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October 11, 2019, 07:42:14 PM
 #305

maybe what you said is true but so far I haven't found any cases of IEO project fraud. Well, it can't be denied anymore that scamers are always around us, so all possibilities can turn evil at any time. The point is always be vigilant and don't be careless in everything you do in this industry.

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October 11, 2019, 09:52:45 PM
 #306

An IEO does not guarantee the legitimacy of a project. As an investor it is still your responsibility to read through the whitepaper, check the illegibility of the team ng gauge whether the project has an intention to feliver a good product or service in the future before supporting and investing on it.

I am sure that whatever the exchange did not hold IEO it will not allow to participate frankly fraudulent projects and if you do not get a big profit, then at least you can return your money. However, it is still better to participate in IEO only on large and well-known exchanges.
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October 11, 2019, 09:58:56 PM
 #307

There is always such a possibility. I like IEO's and trust them more than ICO's, but only if IEO is conducted on trusted exchange, for example Binance. But even then you can be scammed, as no one can guarantee you that this or that project isn't a scam. Everything can happen, even on a major exchange.
low rated exchange usually have nothing to lose when it comes to reputation so they usually could turn out to be a scam or the project itself is a shitty project that usually being dumped after the funding.
If it's the major exchange they will definitely put their project into consideration whether it will make their reputation bad or not. major exchange always put the reputation above anything else and if there's only one project that turn into a scam or becoming a garbage project they will definitely lost a lot.

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October 11, 2019, 10:29:16 PM
 #308

 i have seen some IEO failing after token  sales , when IEO started we were excited that at least  the new method of token sale will help eradicate scam projects who run some do not have sales due to investors reluctant attitude in investing in crypto. we still need to be wise enough to carry out our own research before investing.

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October 12, 2019, 10:58:32 AM
 #309

although IEO is more trusted than ICO for now does not make ICO no longer in demand, ICO continues to run even though there is less demand.
and also IEO does not all go well, there are new listings, then down to 84% and occurs in one large market.
so IEO is only a guarantor of the coin will be listed, but does not guarantee a price decrease when listing.
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October 12, 2019, 06:41:00 PM
 #310

Almost IEO listed with big market is not scam, just have lower price under how price on IEO time, maybe can back to higher price than IEO and maybe can be lower than IEO, how team and owner of IEO want to see with their IEO coin, if want to higher price they re investing and buy back their IEO coin.
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October 13, 2019, 06:45:16 PM
 #311

Especially, if you are taking part in IEOs on bad exchanges like Exmarkets or Probit. Such exchanges are unable to provide a solid amount of buyers and are not really checking the project before launching a sale, so it can easily be scam as well.
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October 13, 2019, 07:59:16 PM
 #312

Especially, if you are taking part in IEOs on bad exchanges like Exmarkets or Probit. Such exchanges are unable to provide a solid amount of buyers and are not really checking the project before launching a sale, so it can easily be scam as well.
I also don’t trust such exchanges either, but still, projects that go to such exchanges are better than those that don’t appear anywhere and just don’t make any news

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October 13, 2019, 09:21:38 PM
Last edit: October 13, 2019, 09:45:58 PM by leatutz
 #313

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.
Some IEO doesn't require huge funds, although any new projects doesn't need millions millions USD to build service. In 2018 so many projects launch one app and fund rise 10 millions. Same wrong paths is choosing new exchange, for few updates new exchange is helping scam projects.
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October 13, 2019, 09:49:26 PM
 #314

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.

Maybe so! I remember some projects like CMA accusing IDAX of scam and then I remembered I have not really come accross a successful IEO from the exchange. While that may not be absolute, the purpose of IEOs was to eliminate scams from project developers during fund raising and I think that aim was achieved. So generally, IEOs went on fine

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October 13, 2019, 09:51:34 PM
 #315

There is always such a possibility. I like IEO's and trust them more than ICO's, but only if IEO is conducted on trusted exchange, for example Binance. But even then you can be scammed, as no one can guarantee you that this or that project isn't a scam. Everything can happen, even on a major exchange.

I don't think Binance will conduct a scam IEO ever. Look at their every IEO projects, all have unique technology with unique product idea! BitTorrent, Harmony, Matic, Elrond all are great invention of this year. After Binance, I would prefer to look at Gateio IEO projects. All are very successful and doing very good for the crypto industry. Though Perlin, Data protocol IEO wasn't enough success on Binance Launchpad yet those projects are great!
well, markets like binance or another popular market must do research before conducting IEO in their market. that's why I prefer to support projects that are in popular markets rather than new markets, or less popular. that's because of quality. I am sure that the binance class market will hold a fake IEO. I think they will do the research up to the team even whitepaper. although that doesn't guarantee a profit, at the very least, the team will most likely be very serious about developing their project.
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October 13, 2019, 10:38:49 PM
 #316

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 is a high risks in making investment in IEO and ICOs so it is better if we will stay out of it. There are now many people who got scammed specially in ICOs and it is the reason why we should be smart when we are investing.
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October 13, 2019, 10:45:03 PM
 #317

well, markets like binance or another popular market must do research before conducting IEO in their market. that's why I prefer to support projects that are in popular markets rather than new markets, or less popular. that's because of quality. I am sure that the binance class market will hold a fake IEO. I think they will do the research up to the team even whitepaper. although that doesn't guarantee a profit, at the very least, the team will most likely be very serious about developing their project.

Large exchanges maintain a good level of hype around their new projects. Thus, support is provided from all sides, which allows to attract public attention with maximum amplitude.
Everyone wants to participate in the project because of the good markenig that the project surrounds even before the sale. As a result, this leads to the fact that demand significantly exceeds supply.

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October 13, 2019, 10:52:12 PM
 #318

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.
Maybe it's not intentional to promote a scam project of this exchanges and I think they search all details of the project before thay accept or launch in their exchange. Of course they want to maintain what people see to their exchange, so they be sure every project that they introduce in the people. If that project turns to scam its not the fault of exchange and I think they will kick immediately that project if they will discover that project is suspicious doing.
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October 13, 2019, 11:29:42 PM
 #319

Especially, if you are taking part in IEOs on bad exchanges like Exmarkets or Probit. Such exchanges are unable to provide a solid amount of buyers and are not really checking the project before launching a sale, so it can easily be scam as well.
I also don’t trust such exchanges either, but still, projects that go to such exchanges are better than those that don’t appear anywhere and just don’t make any news
Scammers will always look for weaknesses to convince investors from IEOs, as long as there are no strict regulations, there will always be a chance to become a fraud.


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October 13, 2019, 11:45:47 PM
 #320

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.

Indeed, not all IEOs have great profit, and not all listed on the project are legit or profitable. There's no east or absolute way of earning a lot because the market is as dynamic as it is. IEOs could help or further ruin the reputation of the industry but of course I hope it is the former. Any playform could promote a scam project so putting the trust in the platform is the risk that investors must take if they want to participate in this new trend in the market.

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