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Topic: Be careful before investing in IEOs (Read 460 times)

jr. member
Activity: 135
Merit: 7
July 15, 2019, 12:31:49 AM
#21

IEO - Initial Exchange Offerings, are not crowdfundings for launching new exchanges, they are just like ICOs, but instead of developers conducting the token sale themselves, via smart-contract, a third party (exchange) conducts it on their behalf, with things like capping contributions per user, destroying unsold tokens and so on. People believe that IEO's are less likely to be scams, because exchanges care about their reputations and check the projects that they list.

I personally believe that IEO's are not really different from ICO's, and in fact they are just rebranded ICO's with extra steps, and they have just about the same level of scammery. The difference that IEO scammers instead of running away with money after a few months will just fake activity, tweeting that they work hard and soon the project will moon, while their useless token goes to zero.

IEO always better then ICO but some exchange will scam investor and peoject like: Idax

Truly be careful about IEO's. I know of a surety that Idax has used this means to scam some projects off their money as well as investors and users of the exchange. Stay clear off Idax. And remember don't invest what you cannot afford to loose.

and Coineal is big scammer for IEO:
Source: https://finance.yahoo.com/news/crypto-exchange-coineal-absconds-cybr-125010621.html

They scam many peoject IEO on their platform. After IEO end, they delete project and steal money from invstor.
member
Activity: 560
Merit: 14
July 14, 2019, 03:55:57 AM
#20
I do think IEO is the reigning stuff in cryptocurrency. The exchange rate have been given and its of the higher side to invest and make huge profit. Albeit few exchanges are not legit, they only manipulate the price by giving fake value. That's why I always invest after their fundraising after they've reached their softcap
member
Activity: 196
Merit: 10
July 14, 2019, 12:33:17 AM
#19
Everyone must be careful in terms of investing, its also like gambling but lower risk.

Theres just really investors that dont care what is the project all about and just invested because their friend or someone they know suggest it to them and in the end most of them regret and blame bitcoin.
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
July 13, 2019, 05:42:46 PM
#18
Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...

I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.

IEO - Initial Exchange Offerings, are not crowdfundings for launching new exchanges, they are just like ICOs, but instead of developers conducting the token sale themselves, via smart-contract, a third party (exchange) conducts it on their behalf, with things like capping contributions per user, destroying unsold tokens and so on. People believe that IEO's are less likely to be scams, because exchanges care about their reputations and check the projects that they list.

I personally believe that IEO's are not really different from ICO's, and in fact they are just rebranded ICO's with extra steps, and they have just about the same level of scammery. The difference that IEO scammers instead of running away with money after a few months will just fake activity, tweeting that they work hard and soon the project will moon, while their useless token goes to zero.
I think you are completely right here. There are quite a few people expecting that IEO is something special where the project is "approved" and they will make a big profit. The reality is much harder. After the team has raised funds the project might turn into a big nightmare. A funding on an exchange doesn't improve the skills of the team.
The devs haven't even to be dishonest, it's always possible that they experience big issues when they realize that their idea is not so easy to realize how they expected.

IEOs are only ensuring to weed out the blatant scams where the team is fake, involved in fraud before or other red flags which an halfways experienced person should spot easily on his own.

In the German section two projects were very famous last year, Savedroid and Envion. Both collected a big amount of money. Savedroid (crypto saving app) collected over 40M $ and Envion (mining containers) collected over 100M $. Both of them failed badly, I didn't follow them closely but as far as I know Envion is close to be a scam where the founder tried to do some shady practices. At least the project is failed.
Savedroid isn't a scam but the team is completely out of their mind and think they can run the company like a local kebab shop. They have made an April fool after their funding to simulate an exit scam because they thought it's a cool marketing strategy to get attention.  Cool
NOT

In both cases the company would have had no problems to get approved for an IEO, the team is known, the expectations are big, everything is fine for an approval by big exchanges like Binance. The issues happened after the funding and that's why IEOs often have no advantages to ICOs.
legendary
Activity: 3024
Merit: 2148
July 13, 2019, 05:18:20 PM
#17
I still think it is much better than running an ICO. Reputable exchanges will not want to work with scammers or will simply block the payments for the dev team and refund customers. I can't see a good reason why an exchange would ruin their reputation over one project. I think it is a very good idea and will curb the nonsense projects and will help bounty hunters also support reputable projects and be paid out by reputable exchanges. The other nice thing is being paid on the exchange means you can trade right away which is a massive advantage and it also means it will be listed, unlike some ICO that are never listed.

Because a failed project won't ruin exchange's reputation as long as it's not a hard scam. You know how in real world majority of startups fail - well, in crypto overwhelming majority of new coins fails sooner or later, either disappearing forever or keep existing as a zombie. IEO coins are still shitcoins, devs most likely won't deliver on all promises, and no one will use those coins in real life, just like no one uses existing shitcoins.
member
Activity: 239
Merit: 17
July 13, 2019, 04:14:46 PM
#16
IEOs are not entirely different from ICOs but most of the IEOs have low fundraising caps ranging between 500,000 dollars to around 3 million dollars. ICOs on the other hand mostly have very high caps which is sometimes as much as 50 million dollars.
Bottom line is, IEOs have a higher chance of success as compared to ICOs but it is not guaranteed to succeed, thus you must make your own research
full member
Activity: 307
Merit: 100
July 12, 2019, 10:29:06 AM
#15
IEO is better than ICO, it will undoubtedly have to agree. In this case, you need to choose the reputed Exchange otherwise you will loose money. All the changers other than the good changer can be tempted. The way the ICO scams here is less likely. They are bit-tread from a lot of bend.
Quote
Research is more significant
If, if you invest without research you will be stupid afterwards.Think and collect every single information than you go with your dream.
jr. member
Activity: 546
Merit: 3
July 11, 2019, 05:31:16 PM
#14
Truly be careful about IEO's. I know of a surety that Idax has used this means to scam some projects off their money as well as investors and users of the exchange. Stay clear off Idax. And remember don't invest what you cannot afford to loose.
sr. member
Activity: 1050
Merit: 277
July 10, 2019, 12:06:30 PM
#13
Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...

I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.

IEO - Initial Exchange Offerings, are not crowdfundings for launching new exchanges, they are just like ICOs, but instead of developers conducting the token sale themselves, via smart-contract, a third party (exchange) conducts it on their behalf, with things like capping contributions per user, destroying unsold tokens and so on. People believe that IEO's are less likely to be scams, because exchanges care about their reputations and check the projects that they list.

I personally believe that IEO's are not really different from ICO's, and in fact they are just rebranded ICO's with extra steps, and they have just about the same level of scammery. The difference that IEO scammers instead of running away with money after a few months will just fake activity, tweeting that they work hard and soon the project will moon, while their useless token goes to zero.

I still think it is much better than running an ICO. Reputable exchanges will not want to work with scammers or will simply block the payments for the dev team and refund customers. I can't see a good reason why an exchange would ruin their reputation over one project. I think it is a very good idea and will curb the nonsense projects and will help bounty hunters also support reputable projects and be paid out by reputable exchanges. The other nice thing is being paid on the exchange means you can trade right away which is a massive advantage and it also means it will be listed, unlike some ICO that are never listed.
jr. member
Activity: 552
Merit: 1
July 10, 2019, 07:47:06 AM
#12
Projects are now drifting towards IEO. Those that initially planned ICO are also changing their course to lunch their IEO on reputable exchanges. Aside that, scammers are also looking for the opportunities to raise funds and take to their heels, which is quite unfortunate and that is where we need to be very careful.
member
Activity: 686
Merit: 45
July 07, 2019, 03:00:35 AM
#11
IEO is a new concept and investors think that it is a new and revolutionary way to get them rich. Unless an IEO is hosted on one of the top 10 exchanges I would not trust that exchange or that project with my money. It is nothing more but an ICO wearing a disguise. 
legendary
Activity: 3024
Merit: 2148
July 06, 2019, 03:29:12 PM
#10
Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...

I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.

IEO - Initial Exchange Offerings, are not crowdfundings for launching new exchanges, they are just like ICOs, but instead of developers conducting the token sale themselves, via smart-contract, a third party (exchange) conducts it on their behalf, with things like capping contributions per user, destroying unsold tokens and so on. People believe that IEO's are less likely to be scams, because exchanges care about their reputations and check the projects that they list.

I personally believe that IEO's are not really different from ICO's, and in fact they are just rebranded ICO's with extra steps, and they have just about the same level of scammery. The difference that IEO scammers instead of running away with money after a few months will just fake activity, tweeting that they work hard and soon the project will moon, while their useless token goes to zero.
jr. member
Activity: 266
Merit: 4
July 05, 2019, 03:11:11 PM
#9
There are many evidence against IDAX pro exchange towards scamming CryptoMarketAds and 8 others via IEO project. For further enquiries click on this https://medium.com/@info_85454/idax-pro-scammed-crypto-projects-for-up-to-5-000-000-usd-c2d10a0dd14e
newbie
Activity: 2
Merit: 0
July 05, 2019, 01:29:33 PM
#8
...

Research is more significant now than any time in recent memory, ensure you Research the project you are investing and also the exchange which they are selling on very well before moving on to actually invest



+1. Word up! Most people are greedy and their only research is "whats the avg return on new s%$tcoins?" instead of some fundamental / tech

Best of luck to everybody and dyor
jr. member
Activity: 392
Merit: 2
July 05, 2019, 01:00:15 PM
#7
Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...

I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.

Those new small exchange dont even make enough sales unlike the big exchange but most of this new Project are also greedy and wont want to make big payment to big Exchanges and would settle for less
member
Activity: 1204
Merit: 38
July 05, 2019, 12:46:52 PM
#6
It is very important to do your proper research before investing in any project (ICOs or IEO) but it is unfortunate that most investors just get into any project because it looks good or because analysts rank it high and they end up losing their money.

or maybe don't invest in them at all. Though the reward can definitely be high, the risk is also as high(or even higher). I mean, investing or speculating in Bitcoin or any other more reputable coins/tokens should really be risky enough. Might as well go gambling in Vegas instead, at least you can still have a good time there even if you end up losing money in the end.
Greed doesn't let the people to think wisely,all they want is money and they can take the risk blindly.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
July 05, 2019, 12:35:48 PM
#5
It is very important to do your proper research before investing in any project (ICOs or IEO) but it is unfortunate that most investors just get into any project because it looks good or because analysts rank it high and they end up losing their money.

or maybe don't invest in them at all. Though the reward can definitely be high, the risk is also as high(or even higher). I mean, investing or speculating in Bitcoin or any other more reputable coins/tokens should really be risky enough. Might as well go gambling in Vegas instead, at least you can still have a good time there even if you end up losing money in the end.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
July 05, 2019, 12:11:15 PM
#4
Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...

I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.
sr. member
Activity: 882
Merit: 301
July 05, 2019, 12:08:26 PM
#3
I read of that exchange that has been faking the volume for their IEOs. It's interesting to note also that those projects who previously held their token sale there agreed to such terms. I think that also tells a lot about their desperation.
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
July 05, 2019, 11:26:33 AM
#2
each ICO was great at that point.

This was a period of huge FOMO and projects struggled to get in line as there was no shortage of investors at that point. Projects had successful ICOs and some did well when listed, for a while, but so many of such projects has gone to the ground, as some didn't have an actual relevant product (just multiple imitations).
Investors are always charged to be careful when considering new projects and up starts.
And try to keep majority of your investments in top currencies (by market cap).
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