ARE ICOS STILL LEGIT? - page 17. | Bitcointalksearch.org

cryptonewbie

full member

Activity: 434

Merit: 100

Quote from: upyem2k on September 07, 2019, 03:39:48 AM

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.

First thing you need to understand is that ICOs were never criminalized. So it remains legit until the project owners decide to exit scam. Also, IEOs came in as a more responsible way of raising funds than the risky ICOs however, it doesn't mean IEO projects cannot also exit scam. Take bluenote for example where IEO raised money at dobitrade exchange but the owner is silent now and there is no update on project development ever since. And the volume on the exchange is good as dead too

rosezionjohn

sr. member

Activity: 882

Merit: 301

I think they are only waiting for an exchange. These existing ICOs will soon switch to IEOs once they get an exchange partner.

Quote from: upyem2k on September 07, 2019, 03:39:48 AM

Doesn't that make them scam as we have seen in the same scenarios in the past?

It's unfair to call them an outright scam just for having an ICO, it still has to be proven.

Quote

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.

Let them be. Maybe they have a higher appetite for risk than most people in crypto.

lighpulsar07

sr. member

Activity: 518

Merit: 271

Well ICOs is unreliable way to getting investors nowadays since people are hesitant to invest in ICOs since they tend to run away if the project is done although on the good side ICOs price are way more stable than IEOs sonce they are centralizing the distribution in order to prevent the dumpers to dump their tokens once they hit on exchanges but in IEO since the token was listed on exchanges already, the tokens were immediately dumped after the distribution due to investors wanting to profit. so, in security IEO is way more secure but more prone of dumping and ICOs are unsecure to investors due to fraud but if the ICO is sucessful it can control the volume since they are centralizing the distribution.

Boardmangetpaid

newbie

Activity: 109

Merit: 0

I can't blame the crypto community for being so cautious when it comes to ICO's, especially with what happened last 2017. The investors have grown and learned so much, they even have different ways to vet a startup before they actually invest or not. One good habit to have is to check ICO scores that were averaged by ratings/influencers and see who comes out on top. In that way, you will have an overall understanding of what your best options are and not.

Alisha FR

full member

Activity: 868

Merit: 106

Quote from: upyem2k on September 07, 2019, 03:39:48 AM

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.

IEO has the same problem with ICO at some point, one of which is the problem of fraud, so we cannot say that IEO is better than ICO, I think ICO is still good in some places, ICO drives prices to remain stable at the time of listing, but many IEO loses prices when they register, because their investors are not well controlled, ICO is more controlled, because they can pump prices when prices fall, and investors can also enjoy profits properly.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

What do you mean by legitimate? Even a scam can be legitimate and god knows we have seen enough of that to last us 100 lifetimes.

ICOs are a legitimate means, just as Bitcoin is legitimate money. Can it be used for illegitimate purposes? Every tool can be used to different purposes, purpose doesn't make the tool.

Pithaxz

jr. member

Activity: 453

Merit: 2

https://goldeth.io/

I still believe there are some legitimate ico, but the problem is difficult to distinguish because most of the current ico projects look real but we can avoid fraud by doing detailed research on project development and don't be tempted by big prizes. make sure the team and developer have extensive experience in managing previous projects.

Alluro

member

Activity: 742

Merit: 19

The IEOs are giving a guarantee to listing that project on hosted exchange. There are some projects doing ICOs right now. We cant tell those ICOs are legit or not. Because some projects are really good at ICO. You have to do your own research about projects to understand legit or not.

Lantind

sr. member

Activity: 2324

Merit: 263

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.

Bagani

member

Activity: 375

Merit: 18

send & receive money instantly,w/out hidden costs

Quote from: upyem2k on September 07, 2019, 03:39:48 AM

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.

Its hard to tell whether an ICO is legit or not, even an IEO we can't really tell if it is legit or not. There are some IEOs that are not legit and just following the hype the IEOs just to raise more money. To conclude this, we must check the project if they are legit or not, it doesn't matter how they conduct their fundraising. ICO or IEOs,it doesn't matter as long as they are legit and the team are very active in public events.

cudora

copper member

Activity: 336

Merit: 3

Cryptoknowmics - World's First Decentralized Media

There are still some projects that are doing ICO and they can be legit. But IEOs are a better scheme, because those tokens will directly be listed on exchanges where IEO was held and for ICO you are forced to wait several months before listing.

upyem2k

jr. member

Activity: 448

Merit: 1

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.

Topic: ARE ICOS STILL LEGIT? - page 17. (Read 4741 times)