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TheGreatPython
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February 03, 2020, 08:28:50 PM |
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It is unfair to put the fact that ICO world or basically coin offering world is getting lower and lower and put that blame on Binance itself. Sure people are funding less and less nowadays and sure at the first tries there was more interest because it was something new and people wanted to get in and see how it is, everyone imagined there would be more money involved and they didn't wanted to be left alone from it and miss out so they got into it but that doesn't change the fact that there is less money in general on coin offering world so of course Binance is getting less as well.
In order to save this and make all coin offering world go higher again, we need another hype for them, like maybe a whole increase in marketcap of every single coin so people would look elsewhere.
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TemTum
Jr. Member
 Offline
Activity: 115
Merit: 4
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February 03, 2020, 09:47:59 PM |
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ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money
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Iyeman
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February 03, 2020, 10:58:00 PM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over. I agree about this because more ieo from binance, the performance actually gets worse, in the past when the hype ieo from binance can be very fast to gain som roi, but now it's the opposite and since there are new rules in my opinion it actually makes it worse. People are feeling bored with the manipulation that happened on the binance exchange site and this has already happened since it was created and remember if the late people who joined to the ieo market always become a party who will be lost instantly. This makes binance ieo loss its popularity. |
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chaseprint
Newbie
Offline
Activity: 5
Merit: 0
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February 03, 2020, 11:25:58 PM |
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ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money
I agree can't wait to see TemTum go to the moon!!  |
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Vishnu.Reang
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February 04, 2020, 03:09:45 AM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over. What happened to the ICOs is repeating itself with the IEOs. In the initial months, the ICO market was abound with good projects (such as Ethereum in 2014, Stratis in 2016 and Augur in 2015). Those who invested in these ICOs received up to 100x returns. But their success attracted a lot of scammers in to the market and this tarnished the reputation of the market. The proportion of good projects went down and an increasing number of investors ended up with huge losses. |
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tabas
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February 04, 2020, 06:05:17 PM |
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I think it's not about overtaking or what.
The majority is just looking for DEX that's very convenient for all to trade. And in general, volume in DEXes aren't really great.
They are not even looking for the dex and what they are looking for when they can be listed on the binance dex and they can use the name of binance to bring the hype to their projects. From what i have seen in the past if the majority of projects have applied to be listed on the binance dex because they know when they listed on binance dex and they bring the more chance to be listed on the binance CEX without needed a lot of money to pay the listing fees. There is no word that explain binance will overtaking or something else. Remember binance always create a regular CEX listing for tokens that already listed on its DEX platform. People make their BEP asset caused by it becomes a requirement to be listed on binance dex. A project should be attached to a known exchange so that they will also share the liquidity of that exchange and curious traders will also play their coin. It's part of the marketing that they'll use a pretty known exchange to bring volume to their coin because if they will just list somewhere but also a DEX, the same fate will be experienced by them. And that is what they are avoiding to do right now, as long as it is Binance, DEX or the CEX, it's fine. |
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muffinitem
Newbie
Offline
Activity: 13
Merit: 0
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February 04, 2020, 09:55:21 PM |
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ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money
Great to see the TEM/BTC pairing has more volume than the Ripple (XRP), Hashgraph (HBAR), Tron (TRX), ZCASH (ZEC) BTC pairings - and its only been listed just over a week ! |
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Botnake
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February 04, 2020, 10:52:03 PM |
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Every hype would not stay because we called it hype, it's just temporary that should trigger investors but Binance DEX has failed, so as the Binance chain, however, we cannot conclude that it will not rise again because the bull run is not here yet, and when people starts investing in crowdsale projects, these decentralized exchanges included Binance DEX might increase its volume again. in general, DEX have already failed but its Binance DEX who got the best volume in the competition. currently with over $800 million trading volume - https://coinmarketcap.com/exchanges/binance-dex/ |
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pixie85
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February 04, 2020, 11:51:35 PM |
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Last time I checked those exchange tokens were still catching fairly high prices, pumping even. ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money
I agree can't wait to see TemTum go to the moon!! You shill accounts couldn't be more obvious. |
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Chuky92
Copper Member
Jr. Member
Offline
Activity: 966
Merit: 5
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February 24, 2020, 08:58:10 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
The truth is no other chain or blockchain can overtake Ethereum network and we all know it. Many projects which migrated to Binance chain had good volumes on listing but what about now? You have confirmed it, they now have shit volume and what will happen to it onward? Investors will look toward those with good volume because everyone knows that good trading volume plays a vital role in every project. When this hype of migrating to Binance chain was high, some people said, that those projects doing so are only after profit, well one couldn't agree less because now it looks like they said the truth; huge volume on listing and low volume till now with no hope of turning it around. Ethereum blockchain is solid, what it stands for speaks for it. |
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Botnake
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February 24, 2020, 11:40:26 PM |
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Unfortunate but this is the truth. Binance Dex and the recent migration of Binance on their own chain is indeed a good move for them but I dont know for those who move on their chain cause obviously there is no other advantage for them aside from the lower fee and lower transaction from using their platform. At least, the Binance exchange IEO wouldn't be gone for good as I believe they are the one who started this. Centralized exchange of Binance would always be on top as many still support them. But their dex losing volume. I think those who joined their chain has only wanted to be listed on their cex if they got their project on their dex.
My feeling is almost same as you, those migrated projects wanted to get listed on Binance CEX that's why many projects migrated into Binance chain. I am glad that Harmony finally migrating from Binance chain to their own chain! Because Binance chain couldn't make a good impact, it's just another chain with less fee, nothing else. Every project has their own technique to attract adoption and Binance did a great job for that although we haven't seen the good results yet. Having a Binance chain and Binance DEX is a good development of the project, when this will be successful in the future, Binance will become stronger and it will always become a great improvement, what if the hype is gone now? does it mean there's no chance in the future? |
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oscarftw
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February 24, 2020, 11:59:22 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Ethereum network isn't become a giant blockchain in few years. This is possible to overtake from Ethereum blockchain. Binance Dex will be popular in huge time. Still now we can say that Binance chain or Dex hype is gone until next bullrun. I think first token was "Atomic wallet" but this coin still in positive with good volume. |
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jerrison
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February 25, 2020, 12:34:09 AM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
The binance chain was really overhyped in my opinion. I can remember it was said to have one of the best features loads of blockchains are finding difficult to resolve or tackle. Just few years down the line, the other blockchains that were existing are still making their mark and the reality of the chains have done on business and seems to have taken a new turn. I don’t think CZ will have considered the Blockchain he Designed if he knew what he now knows. |
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antsam
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February 25, 2020, 01:24:02 AM |
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Do not know why Binance Dex is not popular anymore, how afraid people will dominate Binance with the presence of Binance Dex. It turns out it's just uporia, Etherum hasn't been defeated to this day but don't know in the future whether there will be another better platform
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lobo13hf
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February 25, 2020, 01:44:53 AM |
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Do not know why Binance Dex is not popular anymore, how afraid people will dominate Binance with the presence of Binance Dex. It turns out it's just uporia, Etherum hasn't been defeated to this day but don't know in the future whether there will be another better platform
It caused by binance dex is too far from the expectation has already made by so many people. I will not talk about binance cex as it's the biggest exchange site with real volume. Binance was putting very strict restriction to the applicants that wanna create an asset in the binance chain. That makes so many people are not interested anymore with it. it's truly centralized platform. |
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Gate.io | | |
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BubbleButtBabe
Newbie
Offline
Activity: 30
Merit: 0
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February 25, 2020, 03:04:03 AM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
Stopped trading there when they tried to copy blocknets design. They do not list based on quality either. Although even bittrex has started to remove high quality projects and add pure pump and dump shit Waiting for blocknet to get fully finished or komodo |
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Btc_1856
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February 25, 2020, 04:14:04 AM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
Stopped trading there when they tried to copy blocknets design. They do not list based on quality either. Although even bittrex has started to remove high quality projects and add pure pump and dump shit Waiting for blocknet to get fully finished or komodo I never agree with your words, Binance exchange is still one of the best exchange for listing the coins, even other potential exchanges are listing their shit coin which they are pumping and dumping. As of now, Binance chain will get a higher reputation compared to other coins, it will take some time to get a reputation. |
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moonblocks
Full Member
Offline
Activity: 714
Merit: 100
3... 2... 1... Launch!
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February 25, 2020, 04:15:57 AM |
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This is what can occur once the hype wears off and once again I'll provide a few reasons for the Ethereum network being a better investment it simply has the biggest development team of any smart contract platform in the world and the largest user base
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mdzahed134
Sr. Member
Offline
Activity: 2142
Merit: 259
Vave.com - Crypto Casino
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February 25, 2020, 07:26:14 AM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over. Worst regulation. I can't appreciate Binance IEO rules and i think investors will affected and possibility to suffer loss if we have to according to IEO rules minimum one months hold BNB coin before IEO participate. Binance previous IEO's wasn’t applicable this rules i mean it will be require in the next IEO launchpad Wazrix? |
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coinfinger
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February 25, 2020, 08:09:28 AM |
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I guess they will keep getting moderate adopters always as BNB is having at least two use cases. One is discounted fee structure for BNB in binance trading portals and another one is providing smart contract platform for token economy. Also, binance launchpad is going good in identifying new concepts and innovative people which will indirectly help growing their smart contract needs over the time.
Ethereum is having only one use case compared to BNB still it is getting regular investors as we have seen within less than a month it was pumped from 0.017 BTC to 0.027 BTC. By comparing with ethereum, I believe BNB will make a huge leap at any time even BNB is just a copy-cat of ethereum.
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