NathanJB
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October 15, 2019, 04:07:10 AM |
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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.
And what about those that are launched in huge and popular exchanges, are they automatically better IEOs? To be fair, they are not. They are just richer. Does it automatically follow that since an IEO is launched in Bittrex or Binance, they will be successful and will give you a guaranteed positive return of your investments? No, of course not! There are different kinds of scam projects. There are those that are created by a poor team and there are those that are created by rich scam teams.
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CryptoBry
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October 15, 2019, 04:44:39 AM |
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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?
There is no question that ICO is dead and that IEO is the in thing and this can go on for the next few years unless a better way can be found. On this note, however, I still think that STO remains the best...STO that is doing an IEO. An IEO just means that the crowdfunding is done in the exchange and not done by the project alone but there is still no guarantee that the project can be successful or that it will not turn into another scam, fraud or failure down the road. There should have been no illusion here though we are assuming that big and reputable exchanges are doing their job of screening the projects they are onboarding so that scams can be controlled as much as possible. Sadly, there are and will be less reputable exchanges who are just after the money. You pay them the required fees and then you are on the go introducing the IEO wherever and whenever you want. I think the bottomline here is always business and that is what all exchanges are looking for. The big lessons here is seems that since you own the money, it is your big responsibility to make your own research on the project and should not expect a lot of help from the exchange and all decisions you are doing are all yours to face the consequences. I dread the time when many of these IEOs would also turn red.
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Mike Mayor
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October 15, 2019, 07:33:19 AM |
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I don't think it is fair to say that we should stay away from IEOS in the same way I think you shouldn't have to stay away from ICO. IEO does have the security of having the token actually listed and the exchanges reputation is at stake. THose exchanges like hte ones you mention that do not do background checks into the projects to make sure they are legit are just greedy and as long as you can pay anything goes. Also notice those are very new exchanges so it will probably be better to wait until older exchanges have run a few successful IEO before jumping in. I already know that the one's some users here posted about are no good like p2pb2b.
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xOdiumNostrumx
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October 15, 2019, 07:56:07 AM |
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So what is your solution? Stay away from basically every tier 1 exchange aka Binance, Huobi, Okex etc.? That is silly, IEO is just the latest money-grab invention from Binance and wont be the last one. A lot of people were able to ride the high ROI wave via flipping and on the other hand, a lot of people got burned as well. And this will continue happening in the next "big thing".
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trauchot
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October 15, 2019, 07:58:35 AM |
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Now there are a lot of cryptocurrency exchanges where volume is fake and for example, I myself know that the most fakest volume are on such exchanges like vindax, latoken, p2pb2b, exmarkets, idax, it seems that at the very moment these are the most common scam exchanges and where most companies conduct their IEO and companies don’t collect anything by conducting their IEOs on these exchanges, but there are even more exchanges like this one I know, just not all tested.
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Nadziratel
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October 15, 2019, 08:06:26 AM |
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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.
All platforms except the major exchanges are the same. Binance, Kucoin, Bittrex, Huobi ... I don't think any of them are reliable enough. There was a lot of speculation in an IEO that Bittrex did for a time. So it's pointless to rely on just exchanging tokens.
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Kyraishi
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October 15, 2019, 08:11:28 AM |
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There's usually 3 types of exchanges and how they IEO.
1. The fail type, where they are usually a smaller exchange that charges a very small fee and doesn't help at all, and all they do is list the project, but it eventually fails due to low traffic.
2. Pump type exchanges where they would keep a section of the IEO funds in order to perform market making, and usually they sell out due to this, think binance, BW, ZBV.
3. The regular ones that rarely happens but it's just an exchange helping an IEO but not performing market making, etc.
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TheBusstop (OP)
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October 15, 2019, 08:24:30 AM |
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Another interesting thread guys. read up here and be save from scandelous exchanges that claims they understands the crypto project but goes around robbing people their hard earn money.
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cahbagus555
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October 15, 2019, 09:30:03 AM |
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I never had a problem with LAtoken, as long as I transact in LAtoken there are no obstacles. Maybe many people are having problems so I often hear problem issue about LAtoken. If the reputation is not good enough, we really avoid it and prefer to invest in IEO held by large exchangers
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Byakuga
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October 15, 2019, 09:33:07 AM |
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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.
The first exchange on my list is idax, developers who use this exchange or still wants to use them don't know what they are getting into, idax has the power to turn anything around, they have higher connections that even the law can't beat, new projects that avoid idax even after idax cheat them know what they are doing, they know idax has high rank people backing them up
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tazmantasik
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October 15, 2019, 10:05:16 AM |
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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.
Not only the LATOKEN Exchange experienced this, I don't want to make another exchange. But it is true, that small exchanges like LATOKEN sometimes fail a lot when doing IEO. Precisely the 4th point, there are very many projects in the exchange. So that is really the wrong strategy to succeed the project. But LATOKEN also needs funds in this case, so that's why they do it.
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masterrex
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October 15, 2019, 10:57:23 AM |
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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.
In my own opinion just invest IEO's on a trusted exchange so that you can be sure of your funds safety, But always remember that investing in cryptocurrency is risky its like a gamble since you are only speculating on that particular coin/token that you bought from either IEO's or ICO's after it was traded maybe you can earn out of it or lose.
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Red-Apple
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October 15, 2019, 12:00:35 PM |
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the only point in IEOs have been to change then name so that they could attempt at reviving something that was dead. all they could ever do was to put some life in a dead body for a little while before it died again. exchanges in this process made a ton of money by getting paid from the newbies who listed the tokens and the other newbies who bought the tokens and then traded them on their platform. so it was a win-win situation for the exchanges while the both newbies got screwed over ...
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Perfect35
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October 15, 2019, 12:38:17 PM |
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I know of LATOKEN exchange as Number one in this category. Please drop yours if you have any.
Should I consider this as a campaign against Latoken? Well, that is on a lighter mode. I am not also a fan to lakoken. Whenever I am involved in a project that mentions IEO on Latoken, let alone listing in on, I immediately disdain it. Also, I do not advocate conducting IEO on most of the new exvhnages in the space. First, they do not have the real volume and investors to be qualified for that. There are quite a number of old exchanges that are just conducting IEO for the first time and some that have not even conducted any IEO. So it now becomes surprising to me sometimes, seeing newly launched exhnages or exvhanges that have not been in space for a while and now launching IEO launchpad.
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Erdogan
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October 15, 2019, 12:58:26 PM Last edit: October 15, 2019, 01:38:22 PM by Erdogan |
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I have been watching two exchanges where IEO doesn't work: - LEX exchange for sure have not enough volume to conduct IEO - Liquid actually is not small, but IEOs made there have no good results
The difference between ICO and IEO is that exchange is verifying project credibility. It also confirms that after the token sale will be possible to trade. Unfortunately, but it does not guarantee that the price will remain at its level. This is a free market and it is up to the developers whether the project succeeds and the price increases. In my opinion, it doesn't matter that one exchange has a service for IEO and another doesn't.
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DDante
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October 15, 2019, 01:00:32 PM |
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There are many exchanges that are bad for listing IEO, idax exchange, latoken and p2pb2b exchange are the biggest crap exchanges that developers needs to stay away from, watch trade and fake volumes are present
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Ferris419
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October 15, 2019, 02:31:51 PM |
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I totally agree with you. Latoken's IEO is nothing than shit. Some good projects went there to conduct the IEO sale, they returned back as a shit project. I have no trust in Latoken's IEO raising bar. Besides Latoken, I don't like P2PB2B, VindaX, Coinlim, Exmarkets IEO launchpad. People should careful before investing in this exchange's IEO. I do only care about Gateio, Binance, Kucoin, Huobi, OkeX, Bittrex and some other reputed exchange's IEO!
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deathcode
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October 15, 2019, 02:40:24 PM |
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I totally agree with you. Latoken's IEO is nothing than shit. Some good projects went there to conduct the IEO sale, they returned back as a shit project. I have no trust in Latoken's IEO raising bar. Besides Latoken, I don't like P2PB2B, VindaX, Coinlim, Exmarkets IEO launchpad. People should careful before investing in this exchange's IEO. I do only care about Gateio, Binance, Kucoin, Huobi, OkeX, Bittrex and some other reputed exchange's IEO!
we don't need to worry about this problem. investors and bounty hunters are also getting smart and don't have to worry about the choices chosen. investing in or joining an IEO exchange that isn't goodwill makes the project bad. as has happened in many projects so far, I have given important lessons for investors.
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ned.ryerson
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October 15, 2019, 03:34:50 PM |
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Now there are a lot of cryptocurrency exchanges where volume is fake and for example, I myself know that the most fakest volume are on such exchanges like vindax, latoken, p2pb2b, exmarkets, idax, it seems that at the very moment these are the most common scam exchanges and where most companies conduct their IEO and companies don’t collect anything by conducting their IEOs on these exchanges, but there are even more exchanges like this one I know, just not all tested.
The exchange you mentioned in my opinion must be investigated. how easy they can launch new projects easily. how is the method of doing the inspection whether they can actually detect the project which turned out to be a potential scam or not in doing IEO.The largest list in my opinion is the Vindax exchange that must be investigated I think that exchanges do not conduct any research before conducting IEO on their exchange. This does not apply to large exchanges such as Binance. Although the recent story with BTT makes me think about this exchange too
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October 15, 2019, 04:34:25 PM |
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You should always check the project, read the whitepaper, do some due diligence on the developers, sure the exchange can or can not do its part....still, the single point of failure is always the projects so that's where we should point our focus. Some good projects with desperate devs could use one those shady exchanges, you shouldn't condemn a project for that.
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