motun01
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July 06, 2019, 10:56:30 PM |
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Aside from the top exchanges with their own IEO platforms like Binance, kucoin, huobi and gate.io i strongly believe that the rest of the exchanges should be thoroughly scrutinized before making any form of investment in their IEO. A good example is the scam allegations that IDAX is facing in recent weeks.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Rengga Jati
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July 06, 2019, 11:02:15 PM |
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I also really consider what exchanges to list the new coins for IEO process. So far, we may only be happy that the coins are listed on exchanges. However, we must be more careful in choosing IEO, which exchange they are using. Only pick the trust one and never be scammed to ignore carefully
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freedomgo
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Merit: 1144
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July 06, 2019, 11:39:16 PM |
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I only believe Binance exchange IEO offer, only this exchange has highest record to successful.
Just like majority of the IEO investors, they also believe in Binance. They sees the quality is more important than the volume, and because Binance were able to take care their reputation, they are not gaining the trust of the people, actually a simple research is already enough to invest in IEO, provided it's traded in the most reputable exchange in the crypto space.
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Mysteryla
Jr. Member
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July 06, 2019, 11:48:02 PM |
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We already should know the exchanges we should go for, when it comes to running or participating in IEO. IEO is now trending, so it is expected that scam exchanges will also be involved. Take it as a duty to always make findings before participating in anyone.
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Delilonia1
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July 07, 2019, 01:59:17 PM |
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Currently IEO's are becoming pupular and providing a more reliable option for new projects than ICO's. Previously a lot of new projects started by raising funds via their ICO sites and because of unregulated nature of this avenue, a lot of scammers used the medium to swindle a lot of victims.
Now the story has changed as it only serious projects that would want to go through IEO's, we no longer would hold only the project body responsible for any IEO scam but the exchange, so any exchange that values its reputation and users should do a proper scrutiny about any project before accepting their IEO sales. For instance if an exchange fails multiple times with their IEO, it will drive attention away from them, that is why Binance still draws a lot of attentions because it has recorded more successful and profitable IEO's.
I think its actually a good innovation. This will give investors a better assurance that they are in safe hands and the project they are investing in is legitimate. Even if there will still be scammers who will be able to go through IEOs scot free, the percentage will be infinitesimal
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Tipstar
Sr. Member
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Activity: 1764
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Smart World Global Token
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July 07, 2019, 02:04:01 PM |
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Currently IEO's are becoming pupular and providing a more reliable option for new projects than ICO's. Previously a lot of new projects started by raising funds via their ICO sites and because of unregulated nature of this avenue, a lot of scammers used the medium to swindle a lot of victims.
Now the story has changed as it only serious projects that would want to go through IEO's, we no longer would hold only the project body responsible for any IEO scam but the exchange, so any exchange that values its reputation and users should do a proper scrutiny about any project before accepting their IEO sales. For instance if an exchange fails multiple times with their IEO, it will drive attention away from them, that is why Binance still draws a lot of attentions because it has recorded more successful and profitable IEO's.
Users should only look at IEOs hosted by popular exchanges as they won't generally risk their reputation and hence do an extensive research about the project before listing. IEOs even shows the real nature of exchanges. Look at what IDEX did it to themselves. They just destroyed their reputation which will soon destroy their business.
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Zemomtum
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Activity: 1316
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CitizenFinance.io
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July 07, 2019, 02:38:53 PM |
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Most shoddy exchanges don't look at the quality of the projects before the listing, but they are more interested in the fee charge and the new users the IEO will drive to their exchange. Novice always FOMO in thinking that an exchange should be responsible to do the due diligence. IEO will not last up to ICO time the way is being handled presently. You will see an IEO conducted on all these semi-exchanges and the price will drop up to 250% within a week, who are the sellers, the project team of course dumping the token to cash out. Any IEO that does not have minimum one year locked up period for the team and advisors, you better tie your shoes and ran very fast to safety.
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Rohtox
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July 07, 2019, 03:11:21 PM |
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Most shoddy exchanges don't look at the quality of the projects before the listing, but they are more interested in the fee charge and the new users the IEO will drive to their exchange. ~~
Agree with your opinion. In some cases, there are several projects that are "fooled" by an exchange (IDAX PRO in the case of Crypto Market Ads). [ Source / Reference: IDAX.pro SCAMMED crypto projects for up to 5,000,000 USD! ] there are also exchange those who " fake" the number of tokens sold (DCoin in the case of the MinedBlock Project). however, both the IEO and ICO certainly have advantages and disadvantages. So, Deep Research about project that is the target of our investment should be done with more observance.
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other_side
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July 09, 2019, 07:18:19 PM |
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This is true initial coin offer was running own site. So everyone has unregulated path to funds increase. I only believe Binance exchange IEO offer, only this exchange has highest record to successful.
We have to thank Binance for creating a trend for the market even though it is not new at all. Other exchanges are also very successful with the IEO
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CryptoIyke
Copper Member
Jr. Member
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Activity: 308
Merit: 1
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July 09, 2019, 08:05:21 PM |
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I know of certain exchanges that have been tagged scam because of the kind of IEO's they conducted, while exchanges should choose carefully to get listed, they should also make certain rules strict as conditions to be met before listing and important among them is to protect the investor's interest
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coin-investor
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July 15, 2019, 11:05:46 AM |
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Currently IEO's are becoming pupular and providing a more reliable option for new projects than ICO's. Previously a lot of new projects started by raising funds via their ICO sites and because of unregulated nature of this avenue, a lot of scammers used the medium to swindle a lot of victims.
Now the story has changed as it only serious projects that would want to go through IEO's, we no longer would hold only the project body responsible for any IEO scam but the exchange, so any exchange that values its reputation and users should do a proper scrutiny about any project before accepting their IEO sales. For instance if an exchange fails multiple times with their IEO, it will drive attention away from them, that is why Binance still draws a lot of attentions because it has recorded more successful and profitable IEO's.
I agree the blame will now be on exchanges, so in case they do connivance, investors will likely transfer to other exchanges with a good reputation, it's good that we now have IEO it make things easier for the investor to invest without a need to spend time checking if the project is legit.
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Shymko
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July 15, 2019, 11:22:48 AM |
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This is true initial coin offer was running own site. So everyone has unregulated path to funds increase. I only believe Binance exchange IEO offer, only this exchange has highest record to successful.
We have to thank Binance for creating a trend for the market even though it is not new at all. Other exchanges are also very successful with the IEO Binance was the first exchange to implement the IEO in 2019. But there were also many other successful IEO exchanges. Some examples are Gate ... Okex .. These 2 exchanges are also very successful with their IEO projects. The average profit is 5-10 times for each project
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baiwei
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July 15, 2019, 01:06:19 PM |
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If the bounty really wants a successful ieo to be done and gain a lot of investment i prefer to kist the token or altcoins in top 10 exchanges because i didn't see any projects that succeeds ieo in the cheaper exchange or in exchange that has fake volume . Thats why investors are playing safe with there Money and doing investment only in good projects that list tokens in good exchange.
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novy
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July 15, 2019, 05:35:28 PM |
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This is true initial coin offer was running own site. So everyone has unregulated path to funds increase. I only believe Binance exchange IEO offer, only this exchange has highest record to successful.
We have to thank Binance for creating a trend for the market even though it is not new at all. Other exchanges are also very successful with the IEO Binance was the first exchange to implement the IEO in 2019. But there were also many other successful IEO exchanges. Some examples are Gate ... Okex .. These 2 exchanges are also very successful with their IEO projects. The average profit is 5-10 times for each project Such a great success is only happened because of the limited offer of the token supply. Just imagine, top exchange will sell a token to a limited quantity of individuals and then it will pump it - what could be better. Small exchanges didn't successed in IEO because they don't have such hype. But is a long term all those projects will have price problems, because of the inflation.
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BTC Future
Jr. Member
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Activity: 126
Merit: 5
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July 15, 2019, 05:36:58 PM |
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Sadly most exchanges have fake volumes and close to zero actual people trading. 99% of altcoins were going down to 0 anyway.
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Jhonyjon
Member
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Activity: 116
Merit: 12
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July 15, 2019, 05:45:15 PM |
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lately there are many exchanges that open IEO programs to projects that want to register but if further review there is an exchange that works with a project to attract investors by attracting successful sales or more short fake hardcap
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Prolifik
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July 15, 2019, 08:05:53 PM |
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As you can see, exchanges do not guarantee anything, they are not responsible for the further development. Only people still think that reputable exchange can´t list a scam and they are investing without any research.
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Shallow
Sr. Member
Offline
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
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July 15, 2019, 10:04:00 PM |
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Humans always like to take opportunity of everything. With the growth of IEOs it also calls for carefulness. We shouldn't be drawn by any IEO hype and fail to take note of the exchange promoting it. The truth is, most exchanges will rise to promote IEOs, but the question is; are they worthy of such attention? In as much as we research IEOs to invest in, we should also take into account the exchange.
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Iyeman
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July 15, 2019, 11:59:57 PM |
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It's CMA and not mycro, FYI mycro never ask to create cooperation with idax and that was CMA platform that being scammed. please read the article carefully and it looks like you didn't even watch it dude. Mycro runs its IEO on bitforex.
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