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Topic: Beware of ieo exchanges - page 9. (Read 7763 times)

jr. member
Activity: 448
Merit: 1
July 08, 2019, 06:00:21 PM
First I have thought that participating in an IEO project is a safer way than participating in an ICO project.  Because with the IEO project we already know where our tokens or coins that we buy will be traded.  But after reading this tread, I realized that we must be careful in choosing exchanges that participate in this IEO project program. With the increased volume it might be one of them.  Because it is true, it can attract people to participate in the project, which in fact is still small sales volume.  This means that we must remain vigilant and careful about our money.
member
Activity: 574
Merit: 10
Gistcoin
July 08, 2019, 05:49:22 PM
IEO is new way chosen for more trusted crowdfunding types. However, I also think so, we must be aware of certain IEO exchanges that we find out recently. Several exchanges may not be trusted highly, they are still new and have a small trading volume. However, to attract more investors, they sometimes have certain manipulation on the trading volume or price value. In this case, carefulness is a must needed before taking part in the IEO exchanges
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
July 08, 2019, 05:36:55 PM
Yes this is true and the possibility of this repetiting itself is high as most exchanges will always like to portray a good image thus attracting more users. But in reality this is wrong and might lead to the downfall of IEOs or to investors losing interest.
In general, we ought to be careful while always taking into account the exchange hosting the IEO, the project, etc.
full member
Activity: 700
Merit: 100
July 08, 2019, 01:07:20 PM
exchanges to watch out for ieo is a very retaliated trade with volume, you have to be careful in choosing a trade carefully and keenly towards buying and selling shares, if you can relocate to another so you don't lose too much, other exchanges don't guarantee good volume because the coin must be transferred to the next one ieo less popular than continuing to lose and must be overcome immediately.
sr. member
Activity: 1190
Merit: 253
July 08, 2019, 05:30:09 PM
Another method of raising funds and another way of scammers will fool people by tellingg lies on the amount of the raised funds. Well, it is true that all methods have advantages and disadvantages. What we need to do is to spread awareness and learn to manage this irregularity.
member
Activity: 616
Merit: 16
July 08, 2019, 04:39:52 PM
i don't think this is true. binance has successfully conducted the best IEOs so far. from bittorrent to the last IEO, ELrond has all been successful. i can only accept that Latoken and Idex has been the worst exchanges for IEO so far. they lied a lot about IEOs conducted on their platforms were successful where as they were Not.
member
Activity: 120
Merit: 38
July 08, 2019, 12:07:50 PM
Since the emergence of ieos and it’s success on binance bitforex kucoin and other exchanges platforms
It is becoming a trend recently where an exchange will lie about amount raised during ieo
It's funny you mention "bitforex" next to Binance and Kucoin. How can a trash exchange be compared with top exchanges like Binance or Kucoin. Yes I agree that IEO exchange is very important as it directly affects liquidity of a coin. After listing, a huge amount of tokens are sold. Low volume (which usually happens on less known exchanges) will lead to losses in general. Personally, I only believe in 3 exchanges for IEOs: Binance, Okex and Huobi.
member
Activity: 490
Merit: 10
freelanex.io
July 08, 2019, 04:19:42 PM
The reputation of exchange greatly influences the success of the IEO project. Investing in projects that are at the top of the exchange will be safer, and keep doing research before participating in it to reduce the risk of loss.
jr. member
Activity: 406
Merit: 1
July 08, 2019, 04:17:42 PM
Since the emergence of ieos and it’s success on binance bitforex kucoin and other exchanges platforms
It is becoming a trend recently where an exchange will lie about amount raised during ieo
Only for the token to dump 10x below ieo price

Typical examples are evident on bittrex, kucoin, idax and other exchanges known to us
There is need to even research more on the exchanges as the project
First of all, you should choose only the top exchanges , and do not need to go into projects on little-known exchanges , as the chance to lose money is very high , so I often participate in the exchange binance , gate
full member
Activity: 285
Merit: 100
July 08, 2019, 02:44:23 PM
The next token section is allocated according to the previous regulation, most investors in the IEO just need to buy the initial token and lock in profits several times in just a few weeks. With that profit, you probably want it to increase even more
member
Activity: 1540
Merit: 68
July 08, 2019, 02:03:14 PM
Just find a good exchange and this is it. Unfortunately, it does not matter at all how good the project is, because if the IEO is held by Binance, every single token is going to be paid. Take part in IEOs on top 5 exchanges, and you won't manage loses at all.

Finding a good exchange is even hard this days
We have so many exchanges and low worthwhile tokens

If there can be issues with idax exchange, you should know you need to up your research on ieo generally
member
Activity: 195
Merit: 10
July 08, 2019, 12:31:57 PM
With this huge influence of IEOs that can be possible. after the IEO finished token can be dump by a huge amount. there also risk in IEO same as in ICO. and we need to be more aware when investing in IEOs on new exchanges.
full member
Activity: 559
Merit: 102
July 08, 2019, 11:57:52 AM
The point I like about this post is that crypto enthusiasts should be mindful about the exchange hosting the IEO they want to participate in.  Do not just buy into IEO on exchanges with low reputation or unverified exchanges which most times end up as scam.  Also, do proper research on the project holding the IEO, don't just assume it's a good investment because it's IEO. 
member
Activity: 431
Merit: 18
July 08, 2019, 11:43:54 AM
Investing in IEO is not an assurance that project will be good. the project success relies upon condition in market, and what designer do with their project. IEO not implies we get it with no exploration since it is practically similar to ICO, and just platform which used to held it is unique
full member
Activity: 566
Merit: 107
July 08, 2019, 11:05:24 AM
yes, for IEO, indeed some exchanges are very disappointing because the exchange cannot make the price of IEO tokens go up, but it actually drops and even drops very badly (-2x / 10x), it is better to try IEO it is highly recommended to join a proven exchange like binance, bitfinex
legendary
Activity: 2492
Merit: 1018
July 08, 2019, 09:30:31 AM
exactly like was happening on previous week. project called Xcrypt was scammed by IDAX. the progress IEO on there are success. approx 20 million token are sold out on there. then, listing time has come. IDAX promised to list Xcrypt at 2 July. but unfornatelly they (IDAX) was broke their promise to list XCT on there. so be carefull with IDAX.


That's the first I've heard so far. Too early to say its a scam but if they are really scamming, they're are doing it at this very early stage. The bullrun hasn't shoot on its full speed yet. The user above says its worth $5M, that's really a lot. Normally, when a project does an IEO to an exchange, they are also going to add the token there.
 
You have to dig deeper onto this, an investigation first because I have a feeling that its not just the exchange is involve but the Xcrypt team as well. Both scam the investors otherwise an explanation from both.
member
Activity: 532
Merit: 10
█ J A X N E T W O R K █
July 08, 2019, 09:18:03 AM
Now, a lot of IEOs are taking place on very small exchanges and many new users of our market believe these exchanges. this is a big problem
In my opinion, although the IEO offers new effects and brings trust to the community, nothing can guarantee the IEO can bring success to the altcoin market and the future of these projects. even, maybe these are traps. For me, Idax is not reliable. It is best to be cautious and pay close attention to many other factors.
full member
Activity: 826
Merit: 104
July 08, 2019, 09:02:08 AM
I think ieo is better than ico, because it already has links to the trading platform. But you should only participate in projects on the binance platform, kucoin and some reputable trading platforms, ieo platforms on idax, latoken, bittrex, ... i advise you not to participate
full member
Activity: 868
Merit: 103
*Indonesian Professional Translator and BM*
July 08, 2019, 08:56:44 AM
#99
exactly like was happening on previous week. project called Xcrypt was scammed by IDAX. the progress IEO on there are success. approx 20 million token are sold out on there. then, listing time has come. IDAX promised to list Xcrypt at 2 July. but unfornatelly they (IDAX) was broke their promise to list XCT on there. so be carefull with IDAX.
full member
Activity: 770
Merit: 100
Oikos.cash | Decentralized Finance on Tron
July 08, 2019, 08:47:28 AM
#98
especially IDAX, I saw yesterday's news that IDAX escaped more than $ 5 million. I am always aware of any exchanges and be more careful in following the IEO. I just followed the IEO at a popular binance exchanger.
Now you can participate only as a holder of a lottery ticket that you can get if you hold more than 50 BNB on your account. and the ticket must be the winner to take part in IEO
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