Buntel168
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July 21, 2019, 09:10:42 AM |
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That's true IEO is more safe and so far is very profitable. So far I don't have a problemin this new concept of fundraising.
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Convery
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July 21, 2019, 09:27:17 AM |
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I do not agree with the point 4. For example if Binance manage IEO of some scam, then they will loose their reputation and loose more money than they get from listing such IEO.
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bitkanu
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July 21, 2019, 09:32:29 AM |
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Buying the tokens on exchanges seems to be more safe than buying them on ICOs websites. But there are still some problems: 1. Using IEOs instead of ICOs, we are adding a 3rd party than can control what we buy. This is in contradiction with the main purpose of cryotocurrencies which is centralization (edit: decentralization) 2. The big bonuses that big investors are still giving buying the tokens directly from the team and cause big price decrease 3. KYC that is still implementing. The only thing that has changed is that we are giving our documents to the exchange instead of the team ( In my opinion KYC should be completely eliminated or a new safe method which I have no idea about that should be implemented) 4. Exchanges might get money and do not pay attention to healthy of the project like what they do for listing the tokens
What do you guys think? What should be done to have safer fundraising? Assume that you are making some rules. Just try to preserve the decentralization as much as possible.
I don't think you are controlled to what you able to buy, you can take it or leave it just like ICO, if talking about how the money gathered ICO also gathering your money in centralized way. The KYC is a must for the project or exchanges to survive, it is required by the government and if not you will be in huge problem since the main purpose is to prevent money laundering. Imagine an exchange oppose the idea of KYC they will be suspected for money laundering practice in an instant.
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K4C
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July 21, 2019, 11:29:30 AM |
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No matter what, I prefer IEOs to ICOs especially the fact that they limit the amount that each person can purchase, some exchanges even go as far as not ending the IEO when hardcap is reached, they just keep accepting investments until the time period expires, at the send of everything, investors might just get like5% of their order, further reducing the amount allocated to each person.
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knuckey
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July 21, 2019, 11:35:12 AM |
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Exchanges has become a promising place for new projects and several popular exchanges have successfully launched their IEO platform. It means that investors are very comfortable with their investments in the IEO and the problems you say are not considered bad by some investors, because so far none of them have complained about them, of course this has always been a pros and cons.
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MrPiggles
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July 21, 2019, 12:34:00 PM |
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I do not agree with the point 4. For example if Binance manage IEO of some scam, then they will loose their reputation and loose more money than they get from listing such IEO. Agree, So they will never lose their reputation. They may not have an IEO that month but they will certainly never run a scam project. The IEO is a great option at the moment and we need to seize the opportunity There are still many fraudulent IEOs available in this market, but most of those projects appear only in small exchanges and very few investors participate. I think the selection of a good project IEO is a very difficult task because there are thousands of projects that want to be listed in Binance and the competition rate is very difficult, so scam is not possible in this exchange. Anyway, IEO has just appeared in the last 4 months and people still have a lot of opportunities to participate in good projects.
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Ucy
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July 21, 2019, 05:35:46 PM |
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There is nothing safe about it. I think people who have no idea why they are in this communnity have tolerance for principles that violate our ideals... If we understand what is being fed to us we would be more careful. This whole thing shows how weak, gullible and easily deceived we humans can be when anyone (or anything) dangles few carrots in our faces.
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thesmallgod
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July 21, 2019, 06:06:48 PM |
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Many of this IEO have proven to be unsuccessful. Aside being safe, which to me I don't believe it is totally safe because there are still some shit exchange platform that promote scam project and still offering IEO, the price of the token will still drop even if the token is $1000 each. This is because most project this day are not backup by demanding products and services. When there are no demand, how do you expect people to buy and when people are just selling without buying, definitely the token will be forever a dead token.
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kindbtc
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July 21, 2019, 06:14:27 PM |
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I totally agree with you and to add to your points i would say that IEOs are much better form of fund raising but at the same time i do not like the way some exchanges are offering IEOs, as in one of IEOs binance posted complicated lottery or draw type of system to participate in the ieo to which i do not agree as i think that the process shoupd be as simple as possible.
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Prettygirl01315
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July 21, 2019, 06:35:53 PM |
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yes indeed due to the booming of the IEO this year the same problems are just keeping intact because it is turning to scam in the midway or even the IEO is finish just like ICO . This must be resolved or else it can product more problem within the crypto space
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Kemileye
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July 21, 2019, 08:21:19 PM |
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Buying the tokens on exchanges seems to be more safe than buying them on ICOs websites. But there are still some problems: 1. Using IEOs instead of ICOs, we are adding a 3rd party than can control what we buy. This is in contradiction with the main purpose of cryotocurrencies which is centralization (edit: decentralization) 2. The big bonuses that big investors are still giving buying the tokens directly from the team and cause big price decrease 3. KYC that is still implementing. The only thing that has changed is that we are giving our documents to the exchange instead of the team ( In my opinion KYC should be completely eliminated or a new safe method which I have no idea about that should be implemented) 4. Exchanges might get money and do not pay attention to healthy of the project like what they do for listing the tokens
What do you guys think? What should be done to have safer fundraising? Assume that you are making some rules. Just try to preserve the decentralization as much as possible.
Yes, IEO is partially safe as far as fundraising is concerned. The safety of investors depends solely on the integrity of a particular exchange. For instance, an IEO on exchanges such as Binance, Kucoin and Bittrex is safe but IEO on unpopular exchanges are not that safe because investors are prone to risk of fund on the exchange. A lot of quack exchanges are now offering IEO so one should be very careful.
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No One
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August 16, 2019, 07:43:54 AM |
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I think IEO are slightly secure than ICO. In another word, IEO is an advanced form of ICO. But IEO involves some problems too. As you said, there involves a risk like exchanges become too flexible to allow any project launching IEO compromising its rules.
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Bananington
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August 16, 2019, 01:21:59 PM |
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Generally speaking, IEOs are safer than ICOs and it's true that there are some downsides with IEOs too. Investors nowadays prefer IEO mainly because they think the team must have been verified by the exchange and also because listing is sure. The downside is that investors do not bother doing due diligence on IEO projects relying entirely on the exchange, this is not proper. Talking about the KYC verification, in my own opinion, it's an advantage for IEOs since verification on an exchange entails you can participate successfully in all IEOs done on that exchange, which is better than multiple KYCs in the case of ICOs requesting KYC.
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Nivia1st
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August 16, 2019, 01:44:54 PM |
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I still accept kyc, if it's for quality exchange. I also have no problem with the transparency of the funds obtained. and I'm also okay with bonuses.
but I pay more attention to the quality of the project. we cannot invest just because IEO is in a large market. must be verified from the exchange for every project that will do IEO, this is to prevent fraud.
but unfortunately almost all markets that provide IEO, rarely or even never do this. they only care about the money earned.
so if I could suggest the regulations. I want an institution or team that handles the problem to be verified and publish their findings to the community, before IEO starts. so potential investors can judge whether the project is feasible or not
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forexandcryptoauditor
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August 16, 2019, 02:04:57 PM |
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Now a days I have seen that projects are organizing IEOs with very new exchanges on which most of the users dont have much confidence. Holding IEO on major exchanges off course costs more to projects but from investor's point of view I think this is most important.
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Gabmot
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August 16, 2019, 02:17:01 PM |
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I think there is a serious light which you have shined on a darkness we may not know about IEOs.. I was suspecting stuffs in this regards before, with a foreknowledge that IEOS sure have their shortcomings too!
Nevertheless, IEOS still serve as the saving grace for crpto enthusiasts who loves investment in crypto projects
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taufik123
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August 16, 2019, 02:39:43 PM |
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IEO regulations that implement a third party namely Exchange to manage token sales are also very precise, even though they are contrary to the decentralized cryptocurrency nature. with a third party that is sales exchange will be more efficient and easier to do. If you want to choose a good IEO, you can choose a third party or exchange that already has high credibility like Binance. For the KYC problem it has become mandatory, even though KYC ICO is required for several projects to find out the buyers of their coins.
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takngantuk
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August 16, 2019, 02:47:46 PM |
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I think the only problem here is exchange. maybe for a large exchange I'm not a problem, but what about a small exchange. this is what we should focus on.
it's useless to make any rules, if the exchange is doubtful. Examples such as coineal are indicative of scammers. I want that in the future there will only be a few exchanges that focus on running IEO. to make it easier to monitor.
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Dannev
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August 16, 2019, 03:38:51 PM |
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Somehow I do not agree with the number 4 reason you stated. A good exchange will not just neglect the project it lists cos it has gained profit. That is why it is necessary always to participate in IEOs conducted by a reputable exchange and not just any random exchange.
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Fredomago
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August 16, 2019, 03:43:56 PM |
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I think the only problem here is exchange. maybe for a large exchange I'm not a problem, but what about a small exchange. this is what we should focus on.
it's useless to make any rules, if the exchange is doubtful. Examples such as coineal are indicative of scammers. I want that in the future there will only be a few exchanges that focus on running IEO. to make it easier to monitor.
Only Support those who's going to be offered inside a well known exchange so the risk is much lesser than trying to invest with those who are being sell to a not popular exchange who can easily runaway with your money, bigger and reputable exchange will scan those projects to make sure that the team behind are capable of paying the listing fee and have a good overview of the outcome from their projected road plans.
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