Scammers ruin ICO fund raising

[Stanlo]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

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[eternalgloom]

Well, then you should just stick to IEO's on reputable exchanges, it's not that hard.
I'm personally glad the whole ICO craze is over.

I mean, while it's not really ideal that IEO's are much more centralized, if done correctly, they're much safer for the average investor.

[electronicash]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

the party would have been going on still if those ICO were managed properly, there were escrows before they take them out of the picture. that's when they started groupoing a lot of these team doing ICO without escrows. there were some that ended quite good though. IEO is just going to make all these worse if all these small exchanges never been heard of are going to do IEO for some projects.

[Bravext]

Your topic really doesn't relate to the body of your post, as for scammers ruining IEOs, I am yet to see an example of an IEO that has been conducted and the funds are not given to the team as agreed, maybe it's because I do not follow up on projects that does not conduct their IEOs in too tier exchanges, this is basically an indication that you should stick to trust worthy and verified exchanges as long as fundraising is concerned.

[ginobitcoiner]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

ICO projects are not as good as you would expect, some investors will be more interested in IEO, because with IEO, investors have a guarantee that the coins or tokens will be listed on a definite exchanger.

without a third party the DEVs of an ICO will be easily tempted by the funds collected from investors and become scammers without a plan.

[thiscomm]

Looks like you have misunderstood or you have written wrong. because what you have clear is a work process of the IEO program not ICO. if ICO all funds go to the development team, scam projects often occur due to the development team that is less responsible for their tasks.

[masterrex]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

ICO and IEO was the same in terms of fundraising method, the only improvement was only the security since the tokensale was made inside the exchange and the exchange acted like a escrow to the funds that raised from token offerings, While ICO fraud was continue to wreaking havoc on the ICO market, in the other hand IEO was already gaining ground from the heart of investors. No doubt IEO was the new rising star for fundraising in the crypto-space. But its different when IEO was made on the fraudulent and shady looking exchange i think thats the team own mistake.

[chocopapaya]

Well, there is a totally different way of looking at it.
If a brand new company was stupid enough to get scammed by a third party, then they deserve it.
And if you are stupid enough to invest in that kind of a project and you lose money, you deserve it.

Sounds harsh, but if a new company can't even handle their fundraising properly, then how on earth can they be successful later on.
People blame scammers, exchanges, bounty platforms and everything but don't realize the most basic thing:
The project was doomed before it even began.
It was doomed because of no innovation, no professional competency, no technical prowess, no business sense.
The vast majority of ICO/IEOs are like this.

[coin-investor]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

ICO will eventually run out of control because there is no regulatory board to check if the roadmap is attainable and the testnet and mainnet are really going to work, everyone is for himself, and there are a lot of connivance going on from ICO rating, some bounty managers and influencers.

Every one of us here has become a victim one way or another and if we are not going to be very careful we'll going to be a victim again.
investors still want to invest and always on the look for a good project, and IEO has become their new ground.

[Ridwan Fauzi]

The mindset of some investors won't look the centralized or decentralized an investment place. They only look the purpose profit that they want and the risk that will be faced when they store money. As you may know, the ICO project has been spreading up by some negative news who make the investor believe an ICO is not a safe way anymore to store their money. I don't think this assessment will be subside on their mind since there is a new way to take part to investing in new project who have a safe way. I remember that there is someone who got 300x profit when he invested his money through an IEO if I'm not mistaken the exchange is binance.

[xenomorphe1]

If i understand correctly, there is a risk that the team creating the IEO on an exchange can be scammed? The exchange don't give back the money to the team? I have not heard any news about this kind of scam. But it is possible that it has happened. Do you have an example of this kind of scam?
But at the end, an ICO has to pay to be listed on an exchange like an IEO. And sometimes the exchange can scam the team by accepting the fund and not listing the coin.
But maybe doing an IEO on an exchange is more expensive than a normal listing. I don't really know.

[Teraboy]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

When that ico used trusted member in this forum as escrow and that cna be trusted.
But it looks like IEO is starting from ICO dude and exchange site will be offering a good offer to the good ico only.
But ICO already lost transparency and this make a lot of people are thinking about bad opinion on ICO.
So many scammers are abusing this kind of fundraising but with IEO and it much better right now.
I hope exchange site will consider to hold the amount even longer.

[charlop24]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

I agree with you, developers are the most affected in this IEO issues. I ones heard that a developer paid about two btc to hold an IEO on a cryptocurrency exchange and after the period of the tokensale was told that no token was sold after there was huge movements in the exchange which was planned to make it seem that the tokens are been sold out.

[Mighty_crypt]

IEO is just more safer than ICO if you stick with biggest exchanges,you can do some research  on the IEO projects but exchanges like binance has already get the job done to safe their own reputation so stick with binance,huobi,gate.io,okex or kucoin,the fact is most IEOs this year are very profitable  so even if ICO is still standing im not sure it get ROI like IEO did so far

[pinkpanther03]

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

Based on my own understanding, nowadays IEO was very trending were most of the investors and bounty hunters discovered an alternative way to get profit once again in cryptocurrency. Moreover, IEO was being created or arise because of the ICO, in which means without ICO for sure IEO will not be rise in this business industry in my assessment only. It is just so happened that the scammers find a way out to scam others by using ICO, in fact they can also use IEO too to scam the community too.

[Mrcharles]

IEO is just more safer than ICO if you stick with biggest exchanges,you can do some research  on the IEO projects but exchanges like binance has already get the job done to safe their own reputation so stick with binance,huobi,gate.io,okex or kucoin,the fact is most IEOs this year are very profitable  so even if ICO is still standing im not sure it get ROI like IEO did so far

I understand your position, but the point is that it would have been a better option if there was nothing like Scammers in the cryptocurrency space and every project was legit, if that was the case. ICO would be a better option for raising funds since the developers would not need to spend extra money on exchange and other third party expenses.

[rachman mahesa]

That's how ICO and IEO work. Why IEO is better than ICO, maybe the right reason is that IEO is exchanged and ICO is done by the project itself. This is not the fault of the ICO system, I am the only person who uses this. So that the ICO scammer was created, because he saw the opportunities that exist.

[Waukeenio]

Can't be measured by right or wrong, ico itself is not wrong, IEO is a capital game,
The core value is whether the team is really doing the project.

[DDante]

Your topic really doesn't relate to the body of your post, as for scammers ruining IEOs, I am yet to see an example of an IEO that has been conducted and the funds are not given to the team as agreed, maybe it's because I do not follow up on projects that does not conduct their IEOs in too tier exchanges, this is basically an indication that you should stick to trust worthy and verified exchanges as long as fundraising is concerned.

Some projects got crushed by idax exchanges and these projects have no choice but to move on,i even heard that idax have very powerful connection backing the exchange after CMA project tackled idax,the sane thing happened to xcrypt project,i think you arent looking enough or you just dont heard about this but it does happened

[Lanatsa]

after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

This is my first time on hearing out such scenario.Can you give out specific links for projects owners telling that they haven't received those funds after having an IEO sale?

Which exchange do such thing? It seems we would be plagued again by new exchange offering IEO.Scammers are trying to put a hole on things that can make them millions easily.Neither ICO or IEO these things are prone to scammers.