Becareful of new ICO | Bitcointalksearch.org

Iyanu14

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Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

Very good point raised. There are just lots of people now in the crypto space claiming to be solving one problem or the other through blockchain. Such people organize ICOs in order to rake in some dollars from innocent investors and later take to their heel. Hardly can you get any reliable project now because unscrupulous elements are too much. This is making many investor to be damn scared of putting their asset into any new projects no matter how excellent the concept might look like. We can't be too much careful otherwise we will be victims of these scamming fundraising.

gaston castano

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it is true that ico is not very desirable because there is no guarantee that the project will be listed on the exchange, whereas ieo has already partnered with the exchange.
but still there are still successful ico even though the opportunities are not as much as before.

smyslov

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Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

I still want to look on the potential of the project and the developers behind the project, because listing in IEO cost a lot for the developers,a good project has a dilemma at this point in time they prefer ICO but investors are not keen on looking on projects that is using ICO as it's structure, IEO is still preferable.

xZork

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Quote from: omnik on June 03, 2020, 06:31:00 PM

Quote from: xZork on June 03, 2020, 01:06:46 PM

Even large projects from commodity exchanges are potentially risky, many IEOs on big transactions like Binance or huobi have failed. I think that at the moment IEO is only better than ICO in that it is listed on a certain transaction, most IEO and ICO are the same in pumping and pouring.

That's true and there are so many ieos that launched on major exchange sites have already traded below the ico price and that has already proven if anything can bring us into the loss and it's not about us but we must always keep DYOR before try to take everything from the market.

At this point people should be cautious when investing in IEO projects, even if they are listed on big deals. IEO is showing that they are no more than ICOs, it is best that everyone should invest in a project because that project is good, should not invest in a project based solely on advertising.

LogitechMouse

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Quote from: Byakuga on June 03, 2020, 01:50:08 AM

~

I know that there is nothing wrong in warning these newbie stupid investors who are willing to invest in new projects for the sake of profit.

On the other hand, many users are giving warning to these kind of people already but still there are some newbies who are getting scammed. Giving warning to these who doesn't following your warnings is very tiring and the only thing to do right now is to let them be scammed so they will learn something. We came from being a newbie too and we experienced bad things when it comes to investing. I'm not scammed by these new tokens as I'm not investing into this kind of projects but I don't want to give any warning to these anymore because they aren't learning from their mistakes.

Lets just stop giving warning to these and let them learn the hard way. Let them experienced the feeling of getting scammed so that they will be the ones to decide if they will continue to invest without any knowledge on it or not.

ElmedoRator

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I don't trust ICO projects of any kind. All of them are scams and want to steal money from investors, I only trust in IEO of the major exchanges. There I could make a profit if I joined successfully

mu_enrico

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Quote from: Greatdev on June 03, 2020, 05:22:38 AM

Initial Mode Offering ( IMO ) is a big Fundraising scam, I invested in IMO Token, around 200$ and I got 7000+ tokens, today the tokens worth 25$, only God knows what caused the huge price dump and I've also heard about few projects that turned scam after many invested in them e.g HCE project on IMO

The "IMO" as a concept is different than IMO as a token. If about IMO token, I don't know anything about it. I can only say be very careful if you want to invest in any token.
Like others have said, if you are sure that you have been scammed, and have proofs, then you can make a thread on the "Scam Accusation" board.

Regarding your loss, well, it's not the end of the world. $175 is easy to get if you work seriously.

TheClownSong

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ICO has begun to be displaced by IEO and new projects prefer the way of IEO to sell its tokens. The most interested IEO is IEO organized by large exchangers such as Huobi, Okex or Binance and many small exchangers who do IEO cannot be as successful as the large exchanger. Investing in ICOs needs to be vigilant because they are prone to fraud and should invest in projects that do IEO in large exchangers

bayudndy

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Quote from: xZork on June 03, 2020, 01:06:46 PM

Even large projects from commodity exchanges are potentially risky, many IEOs on big transactions like Binance or huobi have failed. I think that at the moment IEO is only better than ICO in that it is listed on a certain transaction, most IEO and ICO are the same in pumping and pouring.

Are you mistaken? I have never seen projects that fail when implement IEO at these exchanges, they are the best exchanges and the projects that IEO is there are the best.

Winscosinally

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Ask yourselves, is new ICO the main solution we need right now? I guess not, I'm 100% Satisfied with IEO, if the team are serious enough they will hunt for top exchanges, what we need is mass adoption, fundraising is least of my worries right now

bgaf

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Quote from: Pomogator on June 03, 2020, 09:51:47 AM

I haven't studied scammers since the fall of Bitcoin. I think that ICO easier for fraudsters to misinform investors. IEO is more reliable because it's supported by the exchanger. IEO is easier to check for scammers. Now thinking about this post because of a possible loss of funds

What else why OP would mentioned that? ICOs have a dim nightmare for everybody, and its okay to voice out and warn others how time and money will be wasted if we put our funds on ICO especially those new projects. IEO help us identify these scammers but even on IEO there are scam projects proven on their list. Im talking about IEOs on some shitty exchanges such as latoken and probit. I am bit sad that these exchanges still accepting projects that are proven scam, maybe the money will do the work for these markets but not reputation for users. Being wise, dont ever invest on any ICOs now. We are in a new era and 2017 and 2018 era of ICOs are long gone.

TimeTeller

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Quote from: omnik on June 03, 2020, 06:31:00 PM

Quote from: xZork on June 03, 2020, 01:06:46 PM

Even large projects from commodity exchanges are potentially risky, many IEOs on big transactions like Binance or huobi have failed. I think that at the moment IEO is only better than ICO in that it is listed on a certain transaction, most IEO and ICO are the same in pumping and pouring.

That's true and there are so many ieos that launched on major exchange sites have already traded below the ico price and that has already proven if anything can bring us into the loss and it's not about us but we must always keep DYOR before try to take everything from the market.

That only means that even if IEOs are legit, most of them still have the same fate as ICOs.
So wherever you invest, you should do a thorough evaluation whether to put your hard-earned money or not.
IEOs are not guarantee that you will make profit or get your initial funds back especially those that are held in secondary exchanges.

MCobian

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Thank you for giving all of us advice about ICO investment projects that are bad and not worth to following. To be honest, what you say
is indeed a fact, because I have been investing in ICO projects since 2019 until now indeed proven scams. And that is still profitable with
investment in IEO projects, but with the provisions of join IEO projects from top exchanges only. Such as binance, kucoin, okex, huobi
and bittrex.

omnik

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Quote from: xZork on June 03, 2020, 01:06:46 PM

Even large projects from commodity exchanges are potentially risky, many IEOs on big transactions like Binance or huobi have failed. I think that at the moment IEO is only better than ICO in that it is listed on a certain transaction, most IEO and ICO are the same in pumping and pouring.

That's true and there are so many ieos that launched on major exchange sites have already traded below the ico price and that has already proven if anything can bring us into the loss and it's not about us but we must always keep DYOR before try to take everything from the market.

tanjiran

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Quote from: serjent05 on June 03, 2020, 12:47:31 PM

Joining projects from top exchanges does not guarantee that the IEO won't end as a scam. There are lots of projects, especially that were conducted on Binance that runs a pump and dump scheme. They may not be running away, but their method of milking investors and the unsuspecting victim is the same as scamming them of their money. ...

That is why IEO tokens or coins are not good enough for long-term investment. Since we already know of the pump and dump scenario, we must immediately sell it on first-day trading. If not then we will lose a good opportunity. We must be able to adapt to existing trends, this is to maximize profits.

xZork

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Even large projects from commodity exchanges are potentially risky, many IEOs on big transactions like Binance or huobi have failed. I think that at the moment IEO is only better than ICO in that it is listed on a certain transaction, most IEO and ICO are the same in pumping and pouring.

Guryon_master

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Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

you were right in all of it but still IEO is high risk specially to the newbies who just made an entry here with their unfiltered excitement. So better to suggest not to participate any of what we consider safe until they are fully aware of the possible risk.

serjent05

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Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

Joining projects from top exchanges does not guarantee that the IEO won't end as a scam. There are lots of projects, especially that were conducted on Binance that runs a pump and dump scheme. They may not be running away, but their method of milking investors and the unsuspecting victim is the same as scamming them of their money. They made them believe that the price of the said token is really skyrocketing while they are the one who is pushing the price and when enough attention and buy support is accumulated, they will then dump their stash and exit.

Odebowa

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hmm, that is true because most ico are scam but present themselves as good and healthy investment that people worth to invest but on the long run its zero, so most them did not investing in. To some extent IEO is preferable but it's has limit because scammers have flood every where now, so we should caution so that we won't get scammed

Pomogator

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I haven't studied scammers since the fall of Bitcoin. I think that ICO easier for fraudsters to misinform investors. IEO is more reliable because it's supported by the exchanger. IEO is easier to check for scammers. Now thinking about this post because of a possible loss of funds

Ifemini

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There are consequences for every action

Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

You know in a short summary, everyone has to be careful of every crowdfunding program, either ieo, ico or even sto, lto or imo that trended well.
They all have their own consequences in the crypto currency world, either you trade or buy ieo.

Always do your research, and remember that if you are negligent, you will run at loss for even top exchanges ieo.

bittick

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Quote from: Vitalicus on June 03, 2020, 02:58:02 AM

Quote from: cryptogeek101 on June 03, 2020, 02:45:32 AM

Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

I think the main essense of carring out a bounty project is about fund raising and it needs investors to come in however by categorically warning investors to avoid new fund raising solutions like ICO is at the extreme. We are all aware that there are bad eggs in the space but we should not condemn the good ones. We all need to carry out a due diligent search before investing on any crypto project

I don't really trust in ICO anymore since there are too many scam projects. I prefer to invest in IEO. However, it doesn't mean IEO and any new fund raising platform don't have scam projects. Just be careful, traders!

It's not that all icos must be trusted by a few icos can still be trusted but DYOR is a must. IEO gives more guarantee as long as it launched on a major platform but there were no differences between scam ICO and IEO when it launched on the crap exchange sites.

Reatim

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Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

If you are really concern about us being scammed?then why not provide documents or proofs and put this to Scam accusation here

https://bitcointalk.org/index.php?board=83.0\

so at least you made us safer and will be our savior.

Quote from: Squezzi55 on June 03, 2020, 07:48:34 AM

Before you join any fundraising make sure they've leave good histories to talk about already, this is why I'm very confident about IEO, many projects raised funds easily using IEO launchpad on big exchanges, the only downside of IEO is small projects don't have a chance, reviews have a big role to play in crypto space

Fund raising only used by charitable institutions here like those in service section and also visit this thread for transparency

https://bitcointalksearch.org/topic/m.54554180

Hope many will be save by your concern mate.

Squezzi55

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Before you join any fundraising make sure they've leave good histories to talk about already, this is why I'm very confident about IEO, many projects raised funds easily using IEO launchpad on big exchanges, the only downside of IEO is small projects don't have a chance, reviews have a big role to play in crypto space

TheICE007

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tozex.io

Recently most initial coin Offering are scam, it's better to invest in initial exchange Offering,but before you do that make sure to do your research,make sure the project is worth it,and above all check out the exchange it's doing it launchpad and the success rate.

FrozenBit

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Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

I totally agree with you, 99% of ICOs are scams. When you invest in them, you will definitely lose and not receive any profit. Stay away from ICOs and invest only in IEO if you are interested in new projects

joshua123

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Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

This is common. They have been warned countless time already here and they are still not learning their lessons. I know IMO project last year and it looks scam to me. Many joined on the bounty campaign too but I doubt they have been paid. Is there a project that launch on their platform that actually succeeded? As long its from Chinese projects everyone should exercise caution cause these guys are smart and good actors pretending to have a legit project.

Greatdev

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Sovryn - Brings DeFi to Bitcoin

Quote from: mu_enrico on June 03, 2020, 04:30:35 AM

Initial Model Offering (IMO) has been discussed here: https://bitcointalksearch.org/topic/will-initial-model-offeringimo-replace-initial-exchange-offeringieo-5197057
But perhaps OP talks about different IMO?! Generally, it's better than ICO/IEO in terms of keeping the fund safe and distribute it periodically instead of single lump sum.
But that's about it, proper due diligence is a must.

Initial Mode Offering ( IMO ) is a big Fundraising scam, I invested in IMO Token, around 200$ and I got 7000+ tokens, today the tokens worth 25$, only God knows what caused the huge price dump and I've also heard about few projects that turned scam after many invested in them e.g HCE project on IMO

patz22

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I would only consider investing to an IEO only if it is listed on top exchanges such as binance, gate.io but othe than that it is a no no especially P2pb2b. This exchange is an IEO killer even you say that the project is good but remember good and legit projects will only be noticed by legit exchanges too

mu_enrico

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Initial Model Offering (IMO) has been discussed here: https://bitcointalksearch.org/topic/will-initial-model-offeringimo-replace-initial-exchange-offeringieo-5197057
But perhaps OP talks about different IMO?! Generally, it's better than ICO/IEO in terms of keeping the fund safe and distribute it periodically instead of single lump sum.
But that's about it, proper due diligence is a must.

Festac

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From the bottom of my mind I feel like all new altcoins are total waste of time, if I have to participate in any IEO it will be because of the x4 or more than exchanges like binance , Okex ,kucoin and others used to give investors, this doesn't mean the projects are good for long term holding, most IEO projects on binance are now under valued

JHORN

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Sovryn - Brings DeFi to Bitcoin

Quote from: torrantz on June 03, 2020, 02:56:24 AM

Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

We must also be careful with any IEO that listed on big exchange site. We must go out before the token will be going down caused by the dump from the whale.
The fact that there was no guarantee even for a project that launched on the major ieo platforms too.

Investors don't need to be warned about IEO, they probably join in the first place for quick profits that's why most IEO projects on binance loses value after few weeks or months, investors don't plan on holding anymore

OrangeII

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so many warnings are given now for new or old investors. In fact, some tips have also been given. however, some projects are so great at hiding their ugliness. however, ICO is no longer a concern at this time, and people are turning to IEO. it's just that, despite switching, IEO is also not fully guaranteed.

Vitalicus

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Quote from: cryptogeek101 on June 03, 2020, 02:45:32 AM

Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

I think the main essense of carring out a bounty project is about fund raising and it needs investors to come in however by categorically warning investors to avoid new fund raising solutions like ICO is at the extreme. We are all aware that there are bad eggs in the space but we should not condemn the good ones. We all need to carry out a due diligent search before investing on any crypto project

I don't really trust in ICO anymore since there are too many scam projects. I prefer to invest in IEO. However, it doesn't mean IEO and any new fund raising platform don't have scam projects. Just be careful, traders!

torrantz

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Sovryn - Brings DeFi to Bitcoin

Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

We must also be careful with any IEO that listed on big exchange site. We must go out before the token will be going down caused by the dump from the whale.
The fact that there was no guarantee even for a project that launched on the major ieo platforms too.

Furryball

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Thanks for the warning but I remember when IEO came into this space not every investors trust IEO at first until later on, I'm actually expecting a new ICO soon but I won't dare join in an instant, IMO project scam me too, I lost over 250$ on that scam platform

irixo10

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GoMeat - Digitalizing Meat Stores - ICO

Well it is true scammers will always look for a way to carry out their scamming activities but I do think that just like the IEO was invented there can still be a possibility that another fundraising method might be introduced, the only thing to do in such case is to analyse the new fundraising method and check if it is really viable or not. But talking about ICO, any project doing that and anyone investing in such projects should be ready for whatevers that comes out of it. Nevertheless, I also agree with you, the best method we have now is IEO but that doesn't mean there won't be a chance of a new method, it's just a matter of time.

cryptogeek101

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homt.net

Quote from: Byakuga on June 03, 2020, 01:50:08 AM

Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

I think the main essense of carring out a bounty project is about fund raising and it needs investors to come in however by categorically warning investors to avoid new fund raising solutions like ICO is at the extreme. We are all aware that there are bad eggs in the space but we should not condemn the good ones. We all need to carry out a due diligent search before investing on any crypto project

OasisDre

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I'm not saying this is an entirely bad advice but looking at the exchange side it's like a bad advice, you are simply killing off new projects that can't afford to list or do launchpad on binance and Okex, what about small Exchanges like Probit? Who will invest in projects from these small exchanges??

Jawhead999

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The coin/token listed on top exchange is not always make the coin/token is have a good value. As we can see so many exchange have a fake volume or many investor dump the coin/token. Your token is legit and tradable, but you can't say you will get a much profit from it.

I don't know why you should create this topic again, I have seen so many thread about discussed about this topic. Also, almost (probably all) bounty hunters is know if bounty program is not always successful, not valuable or even got scammed. You can't force them to avoid ICO, everyone know the risk before join in any bounty.

My advice for any members, before joining in any bounty... please check the project in scam accusations board first to know if the project is scam or not (e.g. plagiarized whitepaper or fake team) or do your own research.

Byakuga

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Scammers did introduce new ICO last year called IMO, I don't want to talk about that but now we will soon see new fund raising from scammers soon, I'm here to warn newbies who are looking to invest in IEO projects, do not participate in any new fund raising solution, the chance if getting scammed is very high, the only legit fund raising solution we have presently is IEO and to make good profits from IEO pls join projects from top exchanges only

Topic: Becareful of new ICO (Read 699 times)