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Author Topic: Do you think IEO is more legit if launch on big exchnages like Binance?  (Read 280 times)
eagle10
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September 04, 2019, 06:58:51 AM
 #1

I think it is a bit more legit if an IEO is launch on bigger exchanges. Because they know that it can be very hard to enter big exchanges and convince them that your project is very useful and insight of having a very solid future to get funds using them. What's you opinion on this? Do you think there are other reasons if they choose other small exchange platforms?

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September 04, 2019, 07:04:43 AM
 #2

Legitimacy will not really help for the project to become successful even if it is the part of the information's that will help the project to get few investors but good marketing, hard work, good developers/team that are genuine and legitimacy of the product are the common factors for the project to become successful.

Being launch in big exchanges is a good factor but it is useless if the team behind the product cannot market their project well.

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September 04, 2019, 08:15:55 AM
 #3

Legitimacy will not really help for the project to become successful even if it is the part of the information's that will help the project to get few investors but good marketing, hard work, good developers/team that are genuine and legitimacy of the product are the common factors for the project to become successful.

Being launch in big exchanges is a good factor but it is useless if the team behind the product cannot market their project well.
Yes, you are right. It should be more of a collective effort. If the team does not collaborate with each other and they are just focused on the other side of the project it will not prosper. There should be enthusiasm too in the team.

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September 04, 2019, 09:30:18 AM
Merited by suchmoon (4)
 #4

in my opinion it is even less legit and more scam when it is sanctioned by big centralized places like Binance. and that is exactly why these exchanges are doing it, they want to make more money and don't care about what they are advertising. they would have added the token (in case of ICO) anyways so why not get in from the start and get paid for it!
and that makes it easier for them to scam people because now they reach a wider audience most of whom are gamblers.

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September 04, 2019, 09:36:24 AM
 #5

Launching in big exchanges really does help a project when it comes to volume and exposure. I agree with you at some point because big exchanges wouldn't risk their reputation so they would likely pick legitimate projects as much as possible.

Well, the success of the project still depends on the development of it and its team though. But still, it's a lot better than ICO launching.

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September 04, 2019, 09:43:05 AM
 #6

I think it is a bit more legit if an IEO is launch on bigger exchanges. Because they know that it can be very hard to enter big exchanges and convince them that your project is very useful and insight of having a very solid future to get funds using them. What's you opinion on this? Do you think there are other reasons if they choose other small exchange platforms?

big exchange like binance will selecting an IEO project carefully
and maybe its hard to conducting an Ieo on binance rather than on other exchange mate
maybe the reason why a project conduct an IEO on small exchange is because its easier and the fees lower than big exchange like binance


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September 04, 2019, 11:32:05 AM
 #7

I think it is a bit more legit if an IEO is launch on bigger exchanges. Because they know that it can be very hard to enter big exchanges and convince them that your project is very useful and insight of having a very solid future to get funds using them. What's you opinion on this? Do you think there are other reasons if they choose other small exchange platforms?
Legit of course if it is held in a large exchange it is not possible for the SCAM project
But we also need to be able to research more about the project wherever IEO is held, whether small or large exchanges. Because not all IEO projects in small exchanges are SCAM, there are also good projects that cannot go into large exchanges because of the expensive listing fees
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September 04, 2019, 11:47:57 AM
 #8

 Time will tell,. but it doesnt mean that if an IEO is held in binance it wont go scam or become a fraud, it would still depend of the team or developers itself running the project, they are the life blood of the projects, but as of now i never experience any fraud projects being held in binance, or its too early to tell for now.

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September 04, 2019, 12:03:02 PM
 #9

It is, because such exchanges like binance cannot add trash token because it would harm their image. Furthermore, they are doing a deep investigation and promotion for this project and they cannot afford a project to be not legit.

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September 04, 2019, 12:15:38 PM
 #10

I think that's a good idea. because so far indeed most of the new coin launches are put on a small exchange. maybe the developers think they are launching at a small exchange that can reduce costs or something that would certainly give developers a little profit. sometimes even after it is released it is not written on the exchange and the worst effect on bounty hunters and investors because the tokens they have received cannot be exchanged in exchange. and this idea to put new coins at a large exchange is very supportive because it will make us calm as a bounty hunter and investor.

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September 04, 2019, 12:15:51 PM
 #11

The chart about the latest ROI from IEO that launched in any IEO launchpad will help you a lot and you can find that here https://cryptorank.io/ieo-platforms-roi
Big exchange site has big volume and it will always become legit IEO and exchange site has already validated that project too and that is very effective to prevent the scam project but it's not always true if any legit IEO must be launched on the big exchange site.
The fact said even a lower-tier exchange site than binance called gate,io has more ROI compared with binance..

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September 04, 2019, 02:44:34 PM
 #12

Well I haven't heard yet that investors losing money in IEO in the big exchanges like binance.. so it is proven that they are more legit if they listed in big exchanges. About listing in small exchanges I think there are the reason why they want to list in small exchange because it is cheap listing and they can scam I guess.

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September 04, 2019, 02:59:42 PM
 #13

Not necessarily since there is no assurance that it won't get delisted from Binance if ever the project isn't successful. On the other hand, it's an advantage since a lot of traders in Binance are always checking for new listed tokens for the sake of hoping it get hyped which isn't impossible.

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September 04, 2019, 03:34:24 PM
 #14

It reduces the rate of scam but that doesn't mean the project will be successful. If a project after having an IEO on Binance forgets to develop their project, the price will drop as well but IEO on a big exchange is an added advantage.

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September 04, 2019, 03:42:11 PM
 #15

of course, we all as traders and investors also think about that. good projects will also think of the best exchanges let alone see the community of investors gathered at binance really big. trading in binance is really strong, it will help the market of the new project so as not to quickly experience a price decline.

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September 04, 2019, 03:45:49 PM
 #16

The better and bigger the excahnge the more legit the IEO is.
If the team is very confident on what they are doing and know the future of their project, why not to gamble on the best exchange?
most team who are just playing the investors will go to cheap exchanges.

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September 04, 2019, 03:46:05 PM
Merited by tk808 (1)
 #17

Launching a new project IEO on binance is a great accomplishment for the project and would be seen as an excellent privilege for the project to be successful. Several people prefer to purchase IEO tokens from global exchange like binance and huobi, that explains why the tokens gets exhausted in no distant time.
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September 04, 2019, 04:18:26 PM
 #18

The Binance team is the most competent and professional among the teams of all crypto exchanges. Therefore, I trust them and if I took part in IEO, I would only do it on Binance. They value their reputation and will not use dirty methods to falsify the statistics of their exchange and will not launch on their platform a project whose legitimacy will be at least a little doubt.

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September 04, 2019, 04:51:53 PM
 #19

Legit only for the exchange Grin
This reminds me of the harmony project launched in IEO binance, the sale was quite successful and the price was quite high during the first trading. But you can see now, because the price of token harmony has been dumped, so we should know that there is no guarantee in IEO and a big exchange is also not a guarantee. IEO in big exchanges looks more promising and will attract new investors to their platforms. But sometimes all this is just hype.

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September 04, 2019, 05:04:09 PM
 #20

I think it is a bit more legit if an IEO is launch on bigger exchanges. Because they know that it can be very hard to enter big exchanges and convince them that your project is very useful and insight of having a very solid future to get funds using them. What's you opinion on this? Do you think there are other reasons if they choose other small exchange platforms?

They already have a mileage compare to other projects who does independent crowdfunding like ICO, because Binance has strict compliance and of course Binance do not want to lose the trust of their investors and traders if they are going to accept a low quality project.

But after the crowdfunding or launching it's out of the exchange's control you also need to do your research and always follow the development of the project, this is not 2016 or 2017, where you can just buy a coin and forget it and wait for it to get their best price.

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