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Author Topic: Scammers are focusing on IEO Funds  (Read 256 times)
Stanlo
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August 08, 2019, 07:13:48 AM
Merited by tk808 (1)
 #1

IEOs are becoming a threat to those who rely on choosing project from any exchanges,low rated exchanges have already joined the IEO rollercoaster and projects funds are been raised through these low rated exchanges which to me is a very dangerous risks for anyone who invest in projects from low rated exchanges or even new exchanges.

Do not forget that many new projects are coming into crypto space focusing only on the funds they will raised through IEO/ICO

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August 08, 2019, 08:17:25 AM
Merited by tk808 (1)
 #2

what you call "low rated exchanges" are the same as top exchanges that only have lower volume. they both are doing the same exact thing too. the only difference is that the bigger exchanges have a better popularity so they can get bigger scams that hide their tracks so much better than the shitty ones that have to choose the small exchanges.
in the end the big exchanges like Binance started IEO because they wanted the extremely large amounts of money they earn through bribes they can get in return for advertising the scam fundraising operations.

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August 08, 2019, 08:31:42 AM
 #3

I have come to know many new exchanges through crypto projects I have participated in launching IEOs. It means that many new crypto exchanges have targeted IEOs to get attention of as many as traders. Some of such exchanges maybe fake. So I also want to ask people that you should take a look at exchanges and its reputation before participating in any IEO.

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August 08, 2019, 09:02:21 AM
 #4

The question im dying to get answers for about IEO is

Can a scam IEO projects make it to popular exchanges with high reputation like binance? I think the answer is NO because binance will want to safe its reputation and when taking over a new project's IEO they will make sure that the project teams are real.

I think investors are the one who needs to be careful when choosing IEO projects from new exchanges or not very popular exchanges because when they get enough funds from IEO projects they can easily exist scam.

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August 08, 2019, 11:25:14 AM
 #5

You can focus on top exchanges IEO projects. The exchange is not the only thing to participate in ICO or IEO. The exchange will be guarateed lition on their exchange. The next thing is you have to do your own research about that project before invest in any ICO or IEO. You can focus on their project, future updates, team etc.

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August 08, 2019, 11:27:24 AM
 #6

That's why we must try to do a lot of research especially to put a lot of our attention to the any IEO that runs in the low tier exchange site, as far as i know low tier are applying the easiest requirements for a new a ico to use that launchpad platform.
This is why low tier exchange's launch pad is riskier compared with the major launch pad.

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August 08, 2019, 11:28:40 AM
 #7

The question im dying to get answers for about IEO is

Can a scam IEO projects make it to popular exchanges with high reputation like binance? I think the answer is NO because binance will want to safe its reputation and when taking over a new project's IEO they will make sure that the project teams are real.

I think investors are the one who needs to be careful when choosing IEO projects from new exchanges or not very popular exchanges because when they get enough funds from IEO projects they can easily exist scam.
Exactly, we should not be too greedy to invest in the IEO. Just keep track of big exchanges and join their IEO. Do not try to join the IEO of smaller exchanges because they are not afraid to lose their reputation, they only care about the money raised from the IEO


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August 08, 2019, 11:36:37 AM
 #8

IEOs are becoming a threat to those who rely on choosing project from any exchanges,low rated exchanges have already joined the IEO rollercoaster and projects funds are been raised through these low rated exchanges which to me is a very dangerous risks for anyone who invest in projects from low rated exchanges or even new exchanges.

Do not forget that many new projects are coming into crypto space focusing only on the funds they will raised through IEO/ICO

So what's the solution for this new and low rated exchanges? Of course new projects will choose this exchanges because they are still needing funds. So the cheaper the exchange to start their IEO is much better than taking risks on high rated and expensive exchanges.

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August 08, 2019, 12:32:56 PM
 #9

Thats why I am taking part in IEOs only on big exchanges like Binance. On such an exchange, you can be sure that the project is legit and that your funds can be safe. Moreover, every single IEO on Binance gave profit.

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August 08, 2019, 01:42:53 PM
 #10

These illicit activities have already been known for quite some time and fortunately more and more people in the crypto-community are all getting aware of this schemes and becoming more vigilant than ever. Again, conducting a comprehensive and thorough research on the integrity of these projects is a must so that we can combat this fraudsters and altogether discourage them from doing this shameless acts.
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August 08, 2019, 02:00:25 PM
 #11

IEOs are becoming a threat to those who rely on choosing project from any exchanges,low rated exchanges have already joined the IEO rollercoaster and projects funds are been raised through these low rated exchanges which to me is a very dangerous risks for anyone who invest in projects from low rated exchanges or even new exchanges.

Do not forget that many new projects are coming into crypto space focusing only on the funds they will raised through IEO/ICO

what exactly are you saying in essence? that all low rated exchanges are possible scammers, you could be right or wrong as this is just base on your personal assumption and nothing else, many project go for the low rated exchanges because they are more affordable and their conditions are more flexible than that of the high rated money milking exchanges, what is the benefit of given almost half of the worth of your project to a high end exchange when you can get similar services for less Huh
Those who list on low end exchange know the reason why.

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August 08, 2019, 02:12:02 PM
 #12

I invest in IEO projects but binance is not the only exchange with the best projects,IEO projects from binance brings quick profit but im not entirely investing in IEO projects for the quick profits,Gate.io,okex,huobi have fantastic IEO projects as well and this exchanges are very popular,its better to select projects from popular exchanges and remember that projects from okex can be better than the one from binance,you can easily find out by doing research

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August 08, 2019, 02:20:20 PM
 #13

this is IEO's weak point, where they use Exchange to raise funds after they leave and no longer develop their projects, scammers use IEO to get rich easily, but in my opinion, IEO still has hope for success, if they have reserve funds to increase the price of their tokens after IEO is finished, I think IEO will be very dependent on market demand.

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August 08, 2019, 02:25:08 PM
 #14

what you call "low rated exchanges" are the same as top exchanges that only have lower volume. they both are doing the same exact thing too. the only difference is that the bigger exchanges have a better popularity so they can get bigger scams that hide their tracks so much better than the shitty ones that have to choose the small exchanges.
in the end the big exchanges like Binance started IEO because they wanted the extremely large amounts of money they earn through bribes they can get in return for advertising the scam fundraising operations.
Do you have any facts about this? Are all new scam projects? According to you, it turns out that there is only one protection against fraudsters - a large amount for IEO, since scammers do not want to invest heavily in their adventures.

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August 08, 2019, 02:37:32 PM
 #15

We know that. But this market is not regulated so everyone could raise a money for a nice idea. But that is all, you pay for an idea and plans but not for products.
Only reverse-ICOs would make sense and protect us from this situation.

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August 08, 2019, 03:09:19 PM
 #16

yeah right and it has been proven that there are many lauchpad that offer ieo scams and even some of the big top 20 exchanges, some are indicated to offer ieo scams. I am not surprised because ieo is very similar to ico trend in the last few years.

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August 08, 2019, 03:16:50 PM
 #17

The Said thing can sure happen, If it happened on the ICO popularity then Scammers will surely be focused on the most popular thing in the crypto now, And I think a lot of bounty hunters as well is focusing more on IEO, This is a sure thing to happen, If the popularity of ICO had created Bitconnect then history may repeat itself, but I am not saying it will be probable to all IEO and that project is not legit and I am surely not suggesting to do not get involve in IEO anymore, I am saying to be cautious and plan ahead in every decision you will make, Projects like this make surely make you profit but if not given proper research it will also lead to losing all of your invested money and time as well. 




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August 08, 2019, 03:22:09 PM
 #18

Now we are seeing the picture that those projects that raise funds on small exchanges immediately fall in price after listing on these exchanges. I don’t understand why this happens and who does it? many investors stop believing IEO

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August 08, 2019, 03:25:49 PM
 #19

Now we are seeing the picture that those projects that raise funds on small exchanges immediately fall in price after listing on these exchanges. I don’t understand why this happens and who does it? many investors stop believing IEO
For those who's been victimized for sure they won't believe it anymore but to those who still chasing big exchangers to facilitate the sales then IEO's are still an option for investment, it's needed to still do your research and make sure that you fully understand the risk factors that accompanied by  the project that you'll going to invest with.



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Rainbot
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Fesatmas
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August 08, 2019, 03:53:23 PM
 #20

Now we are seeing the picture that those projects that raise funds on small exchanges immediately fall in price after listing on these exchanges. I don’t understand why this happens and who does it? many investors stop believing IEO
For those who's been victimized for sure they won't believe it anymore but to those who still chasing big exchangers to facilitate the sales then IEO's are still an option for investment, it's needed to still do your research and make sure that you fully understand the risk factors that accompanied by  the project that you'll going to invest with.

Many IEOs in small exchanges do not get less investor pension targets because the price of tokens after the listing falls, so investors run to even bigger ones,
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