TheBusstop (OP)
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October 14, 2019, 05:00:25 PM Merited by tk808 (3), tsaroz (1) |
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IEOs has certainly become the order of the day for new start up in cryptocurrency. replacing the traditional ICO which was a means of raising funds for new crypto projects. As we all Know, IEOs are been conducted on Exchanges which was a means to guaranteed investors that they have a platform to exchange( buy/sell) their token and as well a trust and accountabilty in the crypto ecosystem. Currently there are Exchanges that are not deem FIT To conduct these exchanges because: 1: 90% of the projects the marketed failed to reach softcap. 2; most projects been marketed are still Scam and have nothing to offer. 3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation. 4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category. Please drop yours if you have any.
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DaMut
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October 14, 2019, 05:47:30 PM |
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There are many exchanges did that things such as p2pb2b, Idax, and vindax. Idax did not bother about your background and technology, as long as you pay their listing fee for 10BTC then you are fine and get ready to be listed on their exchange after the IEO. Just like p2pb2b and vindax but they do not ask you that much, as long as you can pay the fees. You will get a place on their platform and can do many phases of IEO on their platform.
what else?
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crypoco
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October 14, 2019, 05:56:56 PM |
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All the exchanges do the same, most exchanges do not research about the project, you should focus on the project itself and not focus on the exchanges. For example binance looking into the community of the project, whatever the project introduce. Binance will choose the project with high community insted of high quality. Note that exchanges focus on profit even binance.
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thesmallgod
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October 14, 2019, 06:06:27 PM |
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It no more news that Latoken is very bad for IEO and I think the platform has really proven that they are just about making money from project dev but dont do in-depth background check on them. They have low active traders and most project always like to get listed there because it is more or less like a dumping ground for many altcoin. Similar to Latoken is another platform called DOBI trade. DOBI trade is famous for listing scam project e.g Bluenote token. They dont carry out listed token auditing and hardly will you see them delisting any useless token. Exmarket too is also similar to the other 2 discussed above.
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magneto
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October 14, 2019, 07:10:26 PM |
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Idax is definitely one.
They should be essentially be rendered a scam given the fact that there has been multiple accusations of them defrauding projects who want to list their tokens on their platform. They also charge absurd listing fees for the project itself, which means that even if somehow a project does raise funds, most of it will not be going to development.
But in general, you should avoid IEOs unless you can confirm the legitimacy of the project. People seem to blindly believe in them.
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andreibi
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October 14, 2019, 07:28:08 PM |
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Lately these past months, many investors and traders have left altcoin trading because of the lack of trading volume. I wouldn't invest in any IEO at the moment because it will likely dump in the market.
Anyway, once altseason is back, the best and only exchange for IEOs you should consider is still Binance in spite of some controversies.
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batang_bitcoin
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October 14, 2019, 08:59:04 PM |
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Exchange is a business so it won't be surprising that they won't conduct deeper review and filtering for the projects that wants to do an IEO with them. With those unpopular exchanges, it's an opportunity to them and it means that a project seeks their help especially if there's a potential huge sales that they can take as commission which depend on their terms. I don't have an idea on how much they charge but it's likely that there's a commission contract on their part.
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tenakha
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October 14, 2019, 09:26:50 PM |
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IEOs has certainly become the order of the day for new start up in cryptocurrency. replacing the traditional ICO which was a means of raising funds for new crypto projects. As we all Know, IEOs are been conducted on Exchanges which was a means to guaranteed investors that they have a platform to exchange( buy/sell) their token and as well a trust and accountabilty in the crypto ecosystem. Currently there are Exchanges that are not deem FIT To conduct these exchanges because: 1: 90% of the projects the marketed failed to reach softcap. 2; most projects been marketed are still Scam and have nothing to offer. 3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation. 4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category. Please drop yours if you have any.
There is nothing that makes IEO "spectacular". The only difference of IEO is that the sale is in the exchange. The main subject is that in which exchange is the sale, and depending on the reliability of the exchange, the continuation is obvious. But apart from exchange, the project is also important. Exchange is the tool for sale. There are good projects that do IEO in small exchange because they do not have enough money. Look not only the exchange to which the project's coin will be sold, but also the project.
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republicrypto
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Keep it Simple guys :)
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October 14, 2019, 09:40:38 PM |
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IEOs has certainly become the order of the day for new start up in cryptocurrency. replacing the traditional ICO which was a means of raising funds for new crypto projects. As we all Know, IEOs are been conducted on Exchanges which was a means to guaranteed investors that they have a platform to exchange( buy/sell) their token and as well a trust and accountabilty in the crypto ecosystem. Currently there are Exchanges that are not deem FIT To conduct these exchanges because: 1: 90% of the projects the marketed failed to reach softcap. 2; most projects been marketed are still Scam and have nothing to offer. 3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation. 4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category. Please drop yours if you have any.
An exchange should be more selective to accept an IEO project now Because not all IEO project will be success, its depends with the project itself mate And people you must do their deep research first, if they want to drop their money in IEO on any exchange regards
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Kang TB
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October 14, 2019, 10:18:06 PM |
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IEOs has certainly become the order of the day for new start up in cryptocurrency. replacing the traditional ICO which was a means of raising funds for new crypto projects. As we all Know, IEOs are been conducted on Exchanges which was a means to guaranteed investors that they have a platform to exchange( buy/sell) their token and as well a trust and accountabilty in the crypto ecosystem. Currently there are Exchanges that are not deem FIT To conduct these exchanges because: 1: 90% of the projects the marketed failed to reach softcap. 2; most projects been marketed are still Scam and have nothing to offer. 3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation. 4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category. Please drop yours if you have any.
An exchange should be more selective to accept an IEO project now Because not all IEO project will be success, its depends with the project itself mate And people you must do their deep research first, if they want to drop their money in IEO on any exchange regards well, thaats true but look like people now smarter, because, as you can see a lot of IEO failed now thats really a big sign if people now become more careful to put their money in a new project of cryptocurrency now and only a good and solid project success right ?
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Peanyut991
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October 14, 2019, 10:37:54 PM |
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Yes, I agree with your opinion, but IEO is still better than the ICO system because IEO will work with existing exchanges. But we must be able to choose which exchanges are of good and bad reputation, because that also determines whether the IEO project is good or bad.
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Twinkledoe
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October 14, 2019, 10:42:40 PM |
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There are many exchanges did that things such as p2pb2b, Idax, and vindax. Idax did not bother about your background and technology, as long as you pay their listing fee for 10BTC then you are fine and get ready to be listed on their exchange after the IEO. Just like p2pb2b and vindax but they do not ask you that much, as long as you can pay the fees. You will get a place on their platform and can do many phases of IEO on their platform.
what else?
I do agree with those mentioned exchanges. Those exchanges are blatantly doing the heavy manipulation of their trading market giving fake volumes to projects they want to create some hype. All that matters to them is money and not reputation. Though there are smaller exchanges that do the same strategy, but those are very well-known in the community to have such substandard services.
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taufik123
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October 14, 2019, 10:49:01 PM |
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Today's scammers are smarter. with only a capital fee for listing IEO on the exchange will help scammers get more funds. Indeed, there must be a review in advance for projects that will be included in IEO. For LATOKEN, I don't know yet what IEO entry regulation mechanism is. But for large Exchange such as binance there will be a review and research whether the project is good and feasible to enter in IEO Binance. indeed to enter the IEO Binance fee needed is very expensive. But it is very effective with a higher percentage of success
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Teraboy
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October 14, 2019, 10:58:27 PM |
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Here's my list Vindax, Exmarket, bitmax, coineal, and any IEO that runs on the small exchange and manipulated exchange site. That will be so easy to say that if you should not follow the ico that runs on not a big exhange site because it lacks of the verification to the team and a high chance to be a scam project.
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alan2here
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October 15, 2019, 02:00:20 AM |
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Today's scammers are smarter. with only a capital fee for listing IEO on the exchange will help scammers get more funds. Indeed, there must be a review in advance for projects that will be included in IEO. For LATOKEN, I don't know yet what IEO entry regulation mechanism is. But for large Exchange such as binance there will be a review and research whether the project is good and feasible to enter in IEO Binance. indeed to enter the IEO Binance fee needed is very expensive. But it is very effective with a higher percentage of success
If the project is financially strong, the IEO at the top exchanges will be easy as they are willing to pay a large fee to bring better returns for them and the investor. I think only good projects can do this because they are projects that interest investors and are always updated with the latest news. For me, exchanges like Latoken, P2P, Exmarket are just junk exchanges and not worth your investment in IEO. Now it's best to just join IEO at Binance because most of the projects here are of high value to make a profit.
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leowonderful
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October 15, 2019, 02:22:10 AM |
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While Yobit doesn't offer IEOs at the moment, they do offer ICOs and I'd still advise people to stay away from that exchange for reasons outside of what's being offered on their site. I've only ever seen negative reviews of the site around here, the site support does not seem to be extremely rapid or helpful, and a ton of coins would have their wallets be under maintenance for long periods of time back when I used them. Pretty sure Yobit also doesn't review projects and just asks for the very basic details of your project in order to list it on their site.
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minairia3
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October 15, 2019, 02:28:36 AM |
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There are lots of exchange that doing monkey business and not LATOKEN alone. If I were you should focus on big exchange when it comes to investment on IEO, just pick binance, kucoin, gateio, huobi, and okex. These exchange produce good projects and legit IEOs. Other than this, you should take precaution.
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tsaroz
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October 15, 2019, 02:39:10 AM |
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Latoken and IDEx are some popular exchanges that were involved in fishy IEOs. There are many more exchanges some established with the sole purpose of issuing an ICO, so it would be really difficult to track IEO by exchanges. So, it again comes to sticking with some popular exchanges and going outside of the comfort zone only for the IEOs you trust in. Again it's not that each and every IEO issued by binance would yield you a profit.
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nasipadang
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October 15, 2019, 03:44:41 AM |
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The most famous is IDAX, the most important according to them is profit, I don't really understand how they manage their management because of the increasingly low reputation. It's one of the places to get income and although almost all exchangers are like that, so I guess it's fine, I wonder why there is no selection and research information from tokens that will enter their platform. What about coin / token voting? some exchangers apply voting where the community must pay to get a place to vote, and the most get voting from the community then the coin / token get a place to sell their products.
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