beware of IEO SCAM - page 3. | Bitcointalksearch.org

altscaner

member

Activity: 269

Merit: 11

Quote from: Ferris419 on August 25, 2019, 04:57:30 PM

There is no doubt that Coinal has a higher number of fake volume. Investors should be careful of these types of exchanges like IDAX, Coinal, Latoken, Exmarkets IEO! Binance, Kucoin, Gateio, Huobi's IEO are a safe investment, otherwise, some other exchanges are good though but profit is not confirmed there!
But I don't think Coinal scammed 80K USD. Because Coinal has a higher rank in the Coinmarketcap, so they can earn 80K USD easily, they won't spoil everything for 80K USD.

because fake volume maybe ?, I see many reports that coineal is one of the exchanges that enter the fake volume list and therefore it is natural that exchanges with fake volume make a scam

irixo10

full member

Activity: 1078

Merit: 104

GoMeat - Digitalizing Meat Stores - ICO

This is really bad and shouldn't be accomodated at all as it dents the crypto exchanges. This is not the first time am hearing of exchanges scamming via IEO and it's encouraging. I have said it to anyone who wishes to listen that irrespective of the fact that IEOs are a bit better than ICOs one still needs to be very careful of any exchange promoting the IEO and not to be carried away by anticipated profits.

Ferris419

hero member

Activity: 1008

Merit: 501

There is no doubt that Coinal has a higher number of fake volume. Investors should be careful of these types of exchanges like IDAX, Coinal, Latoken, Exmarkets IEO! Binance, Kucoin, Gateio, Huobi's IEO are a safe investment, otherwise, some other exchanges are good though but profit is not confirmed there!
But I don't think Coinal scammed 80K USD. Because Coinal has a higher rank in the Coinmarketcap, so they can earn 80K USD easily, they won't spoil everything for 80K USD.

jostorres

hero member

Activity: 2534

Merit: 586

Quote from: Ranly123 on August 23, 2019, 05:29:56 AM

Quote from: funchiestz on August 12, 2019, 04:40:03 AM

It is not logical to make generalizations about SCAM in IEOs. IEO or ICO does not matter. The SCAM project is SCAM. It doesn't matter where the token is sold.

I definitely agree with this. SCAM is always a SCAM it's just a matter of how we deal with it. May it an ICO or IEO there are always people who leverage on our investment with the projects they create that made false promises.

When it comes to investment, scam can actually happen through any means like you said, even in IPO investment, people still use it to scam people, so the security of our fund is partially in our hands, we can protect it by ensuring it is given to the right project and also done through the right exchange platform.

Normally, I knew it would get to a certain point where scammer will own exchanges, and then use it to scam people, but they can only have their way through that if we don’t watch the exchanges that we use for our investments. For my own opinion, any IEO that is outside the platform of Binance and the other 10 great exchanges that w have I will be extremely careful about them, we need to watch out only for IEO from those top exchanges alone.

d_fitrie

full member

Activity: 589

Merit: 100

Quote from: gunhell16 on August 22, 2019, 12:03:58 PM

We should hear both sides on this and they must provide evidence to prove.
It happened before with CMA and IDAX.PRO and now all is well and they continue the service.
What we need to do is wait for the result after talking of both sides.

We can learn from the experience of previous projects, through personal discussion will probably find the best solution for both sides. Hopefully, some decisions do not harm one side.

Peterdav

full member

Activity: 840

Merit: 100

IEO become popular and surely there will be a few scam projects. Don't participate in IEO project on small exchange, look for Binance and Okex if you want to invest in IEO project.

coaprotet

copper member

Activity: 210

Merit: 0

KNL Ecosystem - Invest. Trade. Earn.

The problem of todays investors is that if somebody sees that a token sale would be launched on a major exchange, they do not care about the product and project in general. You can launch whatever IEO on Binance and it would be sold out.

Bossfidelity

copper member

Activity: 350

Merit: 1

It's been a norm in small and medium cryptocurrency exchange to fake the volume of tokens sold, some people believe its a marketing strategy to pull more persons to the exchange and help sell the tokens faster. I've stopped believing what is being said about tokensales as most times we hear stories like round 1 and 2, sold out, but the progress is still raising funds after 6 months of establishment.

DivVC

copper member

Activity: 10

Merit: 0

The vast majority of exchanges that enjoy some level of traction don't want to put in the legwork in investigating a platform applying to do an IEO with them. It would just take a few minutes of browsing through their white paper, meeting their team, understanding the underlying technology, and recognizing the steps for success of their use case. The reality is that most will just say, pay like 3 BTC and then we'll talk. There's a disconnect between the exchanges that want to be lazy in their vetting processes and the projects that are honest that want to pay a listing fee as a percentage of the amount that they raise. Once a clear exchange leader emerges that can make the application process seamless and clearly delineates the points that a project is trying to convey about their use case and improvements to the ecosystem they’re trying to bring then they'll do exceptionally well.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

Quote from: funchiestz on August 12, 2019, 04:40:03 AM

It is not logical to make generalizations about SCAM in IEOs. IEO or ICO does not matter. The SCAM project is SCAM. It doesn't matter where the token is sold.

I definitely agree with this. SCAM is always a SCAM it's just a matter of how we deal with it. May it an ICO or IEO there are always people who leverage on our investment with the projects they create that made false promises.

vintages

full member

Activity: 966

Merit: 153

I knew the emerge of this IEO of a thing will be another dimension of scamming investors the more.
Whether they keep changing the name from ICO to IEO or anything related, it still same thing.
Don't be surprised the fraudulent activities in IEO will be much in coming months compares to that ICO, cause many believe it will be safer as tokens are being held by exchanges. Alas, it made it worst.

kawetsriyanto

legendary

Activity: 2226

Merit: 1086

Free Bitcoins Every Hour!

Quote from: funchiestz on August 12, 2019, 04:40:03 AM

IEO or ICO does not matter. The SCAM project is SCAM. It doesn't matter where the token is sold.

Agree. Scammers always know the way to steal people's money. So, even if it is IEO or ICO, there is always a possibility for scam cases. Everybody shouldn't blind to invest money. What we need to analyze is not only the way of their token sale type or where the tokens are sold, but the main point is to know everything about the projects.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: gunhell16 on August 22, 2019, 12:03:58 PM

We should hear both sides on this and they must provide evidence to prove.
It happened before with CMA and IDAX.PRO and now all is well and they continue the service.
What we need to do is wait for the result after talking of both sides.

I was surprised by the CMA, after spreading idax scam they continued their project there. this is a unique case. some time ago I withdrew my assets from idax and stopped trading there because I considered idax to be fraudulent.
very confusing

Gi01

full member

Activity: 342

Merit: 110

Scammers will also find a way to scam people in the crypto space. People need to research enough before thinking of investing into any IEO project. This will help investors to easily spot any IEO projects that looks suspicious and possible scam projects. Currently, the crypto space is made up of a lot of scam projects and investors need to be strongly aware of that whenever they are thinking of investing into any new project.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Manipulation? I have no idea. What is clear is that such an exchange will surely remain their reputation and be responsible for the failures. It's not an IEO or ICO problem, but a project that holds it. What is clear, we must be careful in investing, choose a global exchange that has a good reputation, if there is a failure, they will certainly be responsible for maintaining a good name.

ghermghuda

jr. member

Activity: 284

Merit: 5

Well, as it happened in the ICO boom, some exchanges are trying to overdo this IEO thing. I guess some of them are trying to forcefully organize something they're not ready for. I heard this same scam issue associated with IDAX. I hope the good ones we have around keep on doing their good job.

laskybok

jr. member

Activity: 315

Merit: 2

Just as much as I trust some exchanges that conduct IEO, there are some I will never trust.
Coineal, despite ranked as 16th, it's obvious that it has fake volume and not only that, a lot of people have been complaining about it. So I am not surprised that such has happened.

terencio

member

Activity: 742

Merit: 11

If the scam in IEO already started surely a lot will follow in future, and now more exchanges to choose from unlike before, which we have only Poloniex and Bittrex because of too many exchanges and finding a legit exchanges is hard.

DoraNile

jr. member

Activity: 58

Merit: 1

Investors needs to learn to stick with bigger exchangez to avoid any type of dissapointment,binance and okex or even gate.io is an example of good exchanges for IEO projects,if investors can choose these exchanges instead they will have better results and developers should also start listing their IEO on better exchanges to create better awareness

lizarder

hero member

Activity: 1666

Merit: 887

not to disparage coineaal, but my opinion they are nothing more than a launchpad that is not clear because many of their projects are problematic, few weeks ago coineal had wanted to hold ieo neutro but three days before IEO started at Coineal Launchpad, CEO of Neutro escaped and in my opinion it was project scam and from here I think that exchange is nothing more than an obscure launchpad like and it's better to avoid IEO from there.

Topic: beware of IEO SCAM - page 3. (Read 752 times)