Scammers are focusing on IEO Funds

[flemmings02]

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

Of course investors will be interested in choosing IEO in large exchanges like BINANCE.  Only novice investors are victims of nonsense and unclear news who invest in IEO in low-volume exchanges.

It is not only Novice that are risks of getting scammed but every potential investors, Binance have also run several IEOs that ended up dying few days after trading is enabled, do you think it is only novices that invested in them. The best way is for all exchanges to make sure they don't list shitty or scam projects.

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[SolarWindMiningCompany]

Quite frankly, I have not been impressed with some exchanges when it comes to IEOs especially IDAX, Bitforex, Latoken and Exmarkets. They seem to have little or low standards on the projects they pick and most times IEO investors end up on the loosing sides after IEO sales. I think investors should be careful with their investments else they will loose more

[crustycrab666]

actually all the exchanges that are either low ranking or high rank have the same potential related to fraud in IEO, only for those exchanges that have high rank they will maintain their popularity when they will cooperate with developers who will launch the IEO program, at least the few investors feel more secure and trust high exchange rates.

[xiboothrezi]

Quite frankly, I have not been impressed with some exchanges when it comes to IEOs especially IDAX, Bitforex, Latoken and Exmarkets. They seem to have little or low standards on the projects they pick and most times IEO investors end up on the loosing sides after IEO sales. I think investors should be careful with their investments else they will loose more

Yes, if investors only use hysteria and hype, it might end up in vain. Risk is unavoidable, even though IEO is carried out on a large exchange, then investors need to be careful. The popularity of the exchange is effective enough to attract investor confidence, if supported by projects and good strategies, it will be profitable. dwyor

[asrafkhairulazzam22]

Keep IEO on untrusted exchanges such as Latoken, Yobit and new exchanges. there are many scams there I recommend to follow IEO on Binance and Okex

[dongosquad]

Fraudsters always use various methods to cheat. Currently, Ieo is quite popular, and fraudsters try to use it. The safest way to avoid that is to choose a trusted global exchange such as binance. A binary-class global exchange will not arbitrarily accept ieo cooperation, in order to maintain credibility. Although there is no 100% guarantee that there is a success, it can at least reduce risk.

[guoyu78]

We all know that IEO is one of the safest means of fundraising currently and there is no fear of losing funds to scammers, since the fund raising are being conducted by trusted exchanges and not a random company, so the way scammers try to enter the market these days is through the launch of exchanges with so many promises in order to get people on-board who will thereafter be scammed of their name while buying fake IEOs from these exchanges and then this exchanges make away with huge amount of funds that was raised via these IEOs.

There could be some exceptions on every safety precautions and preventing measurements like even highly secured exchanges are getting hacked and we are hearing that through out the history of cryptos. So, being cautious against scams and always spending more time for doing our own due diligence are high recommended.

[Oilacris]

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

As expected where these scammers would jump on where the hype is.IEO is now their target yet they know that most people already following it.
I cant see a point why an investor would include into its option on investing on IEO into small unknown projects?

For now, its much wiser if we do just focus on Binance or other top exchange IEO than risking into smaller ones.

[odukoyaewatomi27]

I agree with your point. I say it that the only reason why IEO was able to work was because it started on very reputable exchanges which guarantees the legality of the project. These small exchanges don't have the reputation and integrity to do the same, so investing in IEOs on small exchanges is at the investors risk.