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Author Topic: ARE ICOS STILL LEGIT?  (Read 4734 times)
aioc
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September 07, 2019, 02:04:40 PM
 #21

We heard the news of IEO to be in place of ICO in order to curb the high rate of failure and scams in the development of altcoins projects in this year 2019. My surprise is that I still see series of projects claiming to be in ICOs. Doesn't that make them scam as we have seen in the same scenarios in the past?

If it is, I wonder why people still invest whether their time or monies in such projects which have high risk of loss or being scammed.

I lose faith in ICO but not on projects that show promise or profitability, because I understand that some projects do not have enough funds to pay top exchanges to do their own IEO so they resort to doing ICO but they tried to be as transparent as possible to gain the confidence of investors and bounty hunters.

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September 07, 2019, 02:06:53 PM
 #22

We heard the news of IEO to be in place of ICO in order to curb the high rate of failure and scams in the development of altcoins projects in this year 2019. My surprise is that I still see series of projects claiming to be in ICOs. Doesn't that make them scam as we have seen in the same scenarios in the past?

If it is, I wonder why people still invest whether their time or monies in such projects which have high risk of loss or being scammed.

No, it doesn't mean any project a scam if they go through and ICO and doesn't make every program legit that goes through IEO.
For an example many of the IEO gone through binance launchpad had done an ICO, they were selected during the ICO process and a percentage of their ICO token was sold as IEO.


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September 07, 2019, 04:50:10 PM
 #23

Lol u and who heard? Yes there arrived IEO and yet there are some projects who still did not believe in IEP and the most recebt one that i remember is Ferrum, they did no IEO rather they still conducted an ICO
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September 07, 2019, 04:57:23 PM
 #24

ICOs are dead, sorry. Only IEO is gettering money in 2019
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September 07, 2019, 05:07:03 PM
 #25

each ICO has different prospects. so, the certainty is still uncertain. in 2019, there are several ICOs that are quite profitable for example BCNEX. as far as I know, the project managed to collect more than 28 million dollars in its ICO, and at the moment the project is already running. in this case, you need to look at the potential ICO that you are targeting. since the beginning of the ICO, not all ICOs have been confirmed successful, and to this day it still applies. so, you need to do further research, because if the ICO goes according to the whitepaper, and hopes, then it will benefit the investors.

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September 07, 2019, 05:28:15 PM
 #26

right Now it seems investors are starting to lose confidence in ico, so they prefer to buy coins at ieo, of course we cannot blame investors on this, remembering that last year many investors felt quite large losses with many ico scams available, and hopefully With ieo it can restore investor interest in investing in new altcoin projects and can automatically make cryptocurrency development run rapidly.

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September 07, 2019, 05:41:48 PM
 #27

ICOs are dead, sorry. Only IEO is gettering money in 2019

Technically both of them are same because they are offering their coin for sale in the early phase if ICOs are dead that means IEOs are also dead because nobody is going to buy something if they think it is not going to bring you any profit. It is just people misinterpreted it as something new, but in reality, both of them are same.

and I could see some project meet their standard and gaining profit from their project.

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September 07, 2019, 06:11:04 PM
 #28

What we have to understand is that not all projects in ICO are scams, people who still believe and invest in the ICO project certainly analyze it first, because they also don't want to lose their money.

Yes, I agree. It is not all ICOs that is scam, just like it's not all ICOs that are legit. but proper analyzation of project before investment will help protect against scam.

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September 07, 2019, 06:29:37 PM
 #29

Yes, of course. when a project is not completed and all investment money has already been entered or used in funding the project, the money will definitely be lost and will not be returned. therefore we need to consider carefully before giving or investing our money in a program. but also I see not all ICO programs are scams, also many of the ICO programs are running successfully. because I think it all depends on the development team that runs the program. if the team is honest then I'm sure there is no program that becomes a scam and is detrimental to investors.

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September 07, 2019, 06:33:46 PM
 #30

ICo are still legit but it will depend on the honesty and heart of the TEAM.
But dont ever forget that IEO is still going to survive those ICO before. we just need to pray for it.  for better.


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September 07, 2019, 06:34:19 PM
 #31

ICOs are dead, sorry. Only IEO is gettering money in 2019

ICOs are not totally dead yet, Some ICOs were launched in 2019 and were able to raise their hard cap target, and some IEOs have not turned out to a be success. it's not about IEO or ICO, it's just about the project itself.
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September 07, 2019, 07:03:09 PM
 #32

The truth is not all ICO are scam, although recent events in the past with how most ICO turned out to be scam has made investors to generally run from ICO. And with IEO now, investors can't really go into investing into ICO again. IEO is safe and secure for investors

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September 07, 2019, 07:32:35 PM
 #33

Yes ICOs are still legit looking at the reason for its introduction. Although some individuals took it upon themselves to spoil the ICOs purpose by using it to rid people of their funds but initially ICOs were for fund raising to enable project development that purpose is still legit.
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September 07, 2019, 09:20:41 PM
 #34

ICO are still legit, IEO has strategic marketing platform to attract investor through the use of a direct purchase of the token from trusted exchange, With good developer several ICOs are still succeeding, even in the bear market. Several IEO has not been successful during there launch this year, ICO success is dependenton the team and there marketing strategy
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September 07, 2019, 11:28:20 PM
 #35

I think project do ICO this days for 2 reasons, one is that this ICO do not have budget to go with IEO, as i know IEO required a lot of money.
Or this ICOs is scam.
That is what i think.
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September 07, 2019, 11:33:04 PM
 #36

Maybe yes, maybe not. Depends on the project itself. IEO is not a guarantee that the project will be successful, not scam, and provide a lot of profit. ICO is also the same, although many use ICO for fraud, there are still successful ICOs and investors' interest if the project is indeed good and promising. It's just that IEO is more popular and attractive to investors today, because it gives confidence that the tokens or coins made are listed and ready to be traded.

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September 07, 2019, 11:44:28 PM
 #37

You can check their legality by doing due diligence, for example like :
  • Team Member.
  • Company Document.
  • Auditing  Result from third parties.
  • The Location Office Company.
  • Asking about the partnership there are already make, just want to be sure the partnership was real or not ( Sometimes a scam project, just put the other logo company as their partnership)
If the team cant provides this, it's mean not a good project you should avoid.

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September 08, 2019, 01:39:49 AM
 #38

We heard the news of IEO to be in place of ICO in order to curb the high rate of failure and scams in the development of altcoins projects in this year 2019. My surprise is that I still see series of projects claiming to be in ICOs. Doesn't that make them scam as we have seen in the same scenarios in the past?

If it is, I wonder why people still invest whether their time or monies in such projects which have high risk of loss or being scammed.

Probably some, but I think there still some legit ICOs who are doing a private placement cause they are still in need of funds. Take a look on ferrum network, they didnt do any IEO but it turns out their project is very legit and worth more than some IEOs out there. Its just a matter of doing researches and more diligence. I think the only problem is the loss of trust of some investors due to previous incident of scam ICOs.

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September 08, 2019, 01:48:44 AM
 #39

Hard to see if ICO is legit or not but I guess there is still a project which can be a good project in the future. But that will be difficult to know which project because we never know what will happen in the future. If people invest in IEO, it means the trend of ICO was changed because many investors got bad experience before so they think that the IEO can be a new solution to them.

If the IEO can be a new way to make money, I think the investor will invest in IEO, and they will leave ICO, so it means, ICO will not have support from the investor.

As long as the investor can accept the risk in that investment, I think they will be fine and will not complain if they got a scam again in someday. Only be careful that will be needed when we want to invest in the investment and only use the money which we are ready to lose in someday.
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September 08, 2019, 02:27:42 AM
 #40

Maybe yes, maybe not. Depends on the project itself. IEO is not a guarantee that the project will be successful, not scam, and provide a lot of profit. ICO is also the same, although many use ICO for fraud, there are still successful ICOs and investors' interest if the project is indeed good and promising. It's just that IEO is more popular and attractive to investors today, because it gives confidence that the tokens or coins made are listed and ready to be traded.
In the past, ICO were often the most talked about topic in this market, but now most of the ICO projects have disappeared because of lack of investor trust. I think that if you choose to invest in IEO, it will be very good for your profits because IEO is an upgraded version of the ICO and if you choose a good project, the ability to earn double profits can happen in a very short time. Currently, I only invest in IEO and always consider carefully before joining


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All auctions start at $0
with no minimum reserve

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