beware of IEO SCAM

[terencio]

If the scam in IEO already started surely a lot will follow in future, and now more exchanges to choose from unlike before, which we have only Poloniex and Bittrex because of too many exchanges and finding a legit exchanges is hard.

[laskybok]

Just as much as I trust some exchanges that conduct IEO, there are some I will never trust.
Coineal, despite ranked as 16th, it's obvious that it has fake volume and not only that, a lot of people have been complaining about it. So I am not surprised that such has happened.

[ghermghuda]

Well, as it happened in the ICO boom, some exchanges are trying to overdo this IEO thing. I guess some of them are trying to forcefully organize something they're not ready for. I heard this same scam issue associated with IDAX. I hope the good ones we have around keep on doing their good job.

[xiboothrezi]

Manipulation? I have no idea. What is clear is that such an exchange will surely remain their reputation and be responsible for the failures. It's not an IEO or ICO problem, but a project that holds it. What is clear, we must be careful in investing, choose a global exchange that has a good reputation, if there is a failure, they will certainly be responsible for maintaining a good name.

[Gi01]

Scammers will also find a way to scam people in the crypto space. People need to research enough before thinking of investing into any IEO project.  This will help investors to easily spot any IEO projects that looks suspicious and possible scam projects. Currently, the crypto space is made up of a lot of scam projects and investors need to be strongly aware of that whenever they are thinking of investing into any new project.

[Furious 7]

We should hear both sides on this and they must provide evidence to prove.
It happened before with CMA and IDAX.PRO and now all is well and they continue the service.
What we need to do is wait for the result after talking of both sides.

I was surprised by the CMA, after spreading idax scam they continued their project there. this is a unique case. some time ago I withdrew my assets from idax and stopped trading there because I considered idax to be fraudulent.
very confusing

[kawetsriyanto]

IEO or ICO does not matter. The SCAM project is SCAM. It doesn't matter where the token is sold.

Agree. Scammers always know the way to steal people's money. So, even if it is IEO or ICO, there is always a possibility for scam cases. Everybody shouldn't blind to invest money. What we need to analyze is not only the way of their token sale type or where the tokens are sold, but the main point is to know everything about the projects.

[vintages]

I knew the emerge of this IEO of a thing will be another dimension of scamming investors the more.
Whether they keep changing the name from ICO to IEO or anything related, it still same thing.
Don't be surprised the fraudulent activities in IEO will be much in coming months compares to that ICO, cause many believe it will be safer as tokens are being held by exchanges. Alas, it made it worst.

[Ranly123]

It is not logical to make generalizations about SCAM in IEOs. IEO or ICO does not matter. The SCAM project is SCAM. It doesn't matter where the token is sold.

I definitely agree with this. SCAM is always a SCAM it's just a matter of how we deal with it. May it an ICO or IEO there are always people who leverage on our investment with the projects they create that made false promises.

[DivVC]

The vast majority of exchanges that enjoy some level of traction don't want to put in the legwork in investigating a platform applying to do an IEO with them. It would just take a few minutes of browsing through their white paper, meeting their team, understanding the underlying technology, and recognizing the steps for success of their use case. The reality is that most will just say, pay like 3 BTC and then we'll talk. There's a disconnect between the exchanges that want to be lazy in their vetting processes and the projects that are honest that want to pay a listing fee as a percentage of the amount that they raise. Once a clear exchange leader emerges that can make the application process seamless and clearly delineates the points that a project is trying to convey about their use case and improvements to the ecosystem they’re trying to bring then they'll do exceptionally well.

[Bossfidelity]

It's been a norm in small and medium cryptocurrency exchange to fake the volume of tokens sold, some people believe its a marketing strategy to pull more persons to the exchange and help sell the tokens faster. I've stopped believing what is being said about tokensales as most times we hear stories like round 1 and 2, sold out, but the progress is still raising funds after 6 months of establishment.

[coaprotet]

The problem of todays investors is that if somebody sees that a token sale would be launched on a major exchange, they do not care about the product and project in general. You can launch whatever IEO on Binance and it would be sold out.

[Peterdav]

IEO become popular and surely there will be a few scam projects. Don't participate in IEO project on small exchange, look for Binance and Okex if you want to invest in IEO project.

[d_fitrie]

We should hear both sides on this and they must provide evidence to prove.
It happened before with CMA and IDAX.PRO and now all is well and they continue the service.
What we need to do is wait for the result after talking of both sides.

We can learn from the experience of previous projects, through personal discussion will probably find the best solution for both sides. Hopefully, some decisions do not harm one side.

[jostorres]

It is not logical to make generalizations about SCAM in IEOs. IEO or ICO does not matter. The SCAM project is SCAM. It doesn't matter where the token is sold.

I definitely agree with this. SCAM is always a SCAM it's just a matter of how we deal with it. May it an ICO or IEO there are always people who leverage on our investment with the projects they create that made false promises.

When it comes to investment, scam can actually happen through any means like you said, even in IPO investment, people still use it to scam people, so the security of our fund is partially in our hands, we can protect it by ensuring it is given to the right project and also done through the right exchange platform.

Normally, I knew it would get to a certain point where scammer will own exchanges, and then use it to scam people, but they can only have their way through that if we don’t watch the exchanges that we use for our investments. For my own opinion, any IEO that is outside the platform of Binance and the other 10 great exchanges that w have I will be extremely careful about them, we need to watch out only for IEO from those top exchanges alone.

[Ferris419]

There is no doubt that Coinal has a higher number of fake volume. Investors should be careful of these types of exchanges like IDAX, Coinal, Latoken, Exmarkets IEO! Binance, Kucoin, Gateio, Huobi's IEO are a safe investment, otherwise, some other exchanges are good though but profit is not confirmed there!
But I don't think Coinal scammed 80K USD. Because Coinal has a higher rank in the Coinmarketcap, so they can earn 80K USD easily, they won't spoil everything for 80K USD.

[irixo10]

This is really bad and shouldn't be accomodated at all as it dents the crypto exchanges. This is not the first time am hearing of exchanges scamming via IEO and it's encouraging. I have said it to anyone who wishes to listen that irrespective of the fact that IEOs are a bit better than ICOs one still needs to be very careful of any exchange promoting the IEO and not to be carried away by anticipated profits.

[altscaner]

There is no doubt that Coinal has a higher number of fake volume. Investors should be careful of these types of exchanges like IDAX, Coinal, Latoken, Exmarkets IEO! Binance, Kucoin, Gateio, Huobi's IEO are a safe investment, otherwise, some other exchanges are good though but profit is not confirmed there!
But I don't think Coinal scammed 80K USD. Because Coinal has a higher rank in the Coinmarketcap, so they can earn 80K USD easily, they won't spoil everything for 80K USD.

because fake volume maybe ?, I see many reports that coineal is one of the exchanges that enter the fake volume list and therefore it is natural that exchanges with fake volume make a scam

[PLATO]

This is really bad and shouldn't be accomodated at all as it dents the crypto exchanges. This is not the first time am hearing of exchanges scamming via IEO and it's encouraging. I have said it to anyone who wishes to listen that irrespective of the fact that IEOs are a bit better than ICOs one still needs to be very careful of any exchange promoting the IEO and not to be carried away by anticipated profits.

IEO investments are only profitable for a short period of time and if investors have made a good profit from large IEO projects, they should be sold to secure profits because most current IEO projects have time price increases are very short and there is always a correction when things start to stabilize. I personally do not like to invest in IEO projects because the participation rate is very difficult and many projects make investors feel disappointed so they should not invest in the IEO if they feel the project is bad.

[Kimonoe]

This is really bad and shouldn't be accomodated at all as it dents the crypto exchanges. This is not the first time am hearing of exchanges scamming via IEO and it's encouraging. I have said it to anyone who wishes to listen that irrespective of the fact that IEOs are a bit better than ICOs one still needs to be very careful of any exchange promoting the IEO and not to be carried away by anticipated profits.

IEO investments are only profitable for a short period of time and if investors have made a good profit from large IEO projects, they should be sold to secure profits because most current IEO projects have time price increases are very short and there is always a correction when things start to stabilize. I personally do not like to invest in IEO projects because the participation rate is very difficult and many projects make investors feel disappointed so they should not invest in the IEO if they feel the project is bad.

not all IEO projects succeed on a short time, I think it depends on the project. but I agree, with the situation of the cryptocurrency market that is not yet clear, of course selling when profit is a good choice, moreover we note that the altcoin session has not seen signs yet. although many say hold is the right choice, but for me the moment is the most appropriate choice