Topic: Binance’s IEOs keep Dumping, but why? - page 10. (Read 1628 times)
I keep telling people that what sustains a coin or token isn't on the exchange it's listed but its utility. The only thing big exchanges like Binance can do for a coin listed on its platform is give it instant leverage for price hike and this isn't a great idea in my thinking because it easily can lead to dump. Dumps aren't good for any project. It kills it.
Apparently, the scenario of this film have been written long ago by the team. It is just a cliche pump-dump theme. But I do not think there is any other fault than Binance's lie (They probably gave a statement like this to protect themselves) statement on this. The exchange sets certain limits that the amount sent is probably no more than that. In this scenario, there could be another exchange instead of Binance.
I am not interested anymore with Binenace IEO because almost all IEO coin listed on Binance become shit coin with lower price, look at with last Binance coin perlin have lower price and Matict coin become down more than how price during IEO, although is not Binance coin but they have looking which one good IEO for adopting in their exchange without submit all coin but become shit after listing with binance.If Bino's IEO coins continue like this, there will be many investors who think the coins are no longer useful, but I believe this is not wrong from Binance but from developers still cannot control their tokens on the market, so prices continue to fall.
I still believe that IEO on Binance will produce good results and that is only the first listing on Binance.
I think Binance has nothing to do with that, it was already listed and free traded and then why criticising Binance for a price dump of an IEO project. if a project token was dump it could be mean a lot? or maybe the hodlers,investors was losing its confidence in the project. or maybe from the team also who possibly dump the matic token on exchange. and i believe that its not beyond Binance control.
Because Yobit is promoting such 'iffy' IEO's and givnig them a platform and the thin look of 'legitimacy' even if it seems really sketcy!
Sorta 'co-enabling' the whole somewhat iffy process.
I think Binance has nothing to do with that, it was already listed and free traded and then why criticising Binance for a price dump of an IEO project. if a project token was dump it could be mean a lot? or maybe the hodlers,investors was losing its confidence in the project. or maybe from the team also who possibly dump the matic token on exchange. and i believe that its not beyond Binance control.
This looks like a typical pump and dump scenario possibly co-ordinated by some large holders which doesn't mean the exchange is at fault its just pure profit taking and some lucky traders managed to pick up some cheap tokens with low buy orders so there's nothing unusual for cryptocurrency here
I think its out of hand of Binance already I guess. They are the host exchange for matic but their project has been long done from IEO of course if youre in a bad market expect dump. Dont find reason to dig it up cause the only thing that make it dump is probably whales manipulations. Matic doesn't also can control this kind of activity.
At least a little suspicious of this manipulation, seems to make the market unhealthy.
Despite not having solid evidence something is being done.
In the market, where transactions fluctuate by the second, profits are not measured by the value of the project, it is controlled by the thought of a small group, investors are always a good piece of meat
I think its out of hand of Binance already I guess. They are the host exchange for matic but their project has been long done from IEO of course if youre in a bad market expect dump. Dont find reason to dig it up cause the only thing that make it dump is probably whales manipulations. Matic doesn't also can control this kind of activity.
At least a little suspicious of this manipulation, seems to make the market unhealthy.
Despite not having solid evidence something is being done.
I think its out of hand of Binance already I guess. They are the host exchange for matic but their project has been long done from IEO of course if youre in a bad market expect dump. Dont find reason to dig it up cause the only thing that make it dump is probably whales manipulations. Matic doesn't also can control this kind of activity.
Binance is not entirely guilty here, the current condition of the crypto market is indeed bad. Bitcoin and Altcoin are almost all in bad condition, we just need to wait for market conditions to improve and the IEO project will definitely improve too.
I am not interested anymore with Binenace IEO because almost all IEO coin listed on Binance become shit coin with lower price, look at with last Binance coin perlin have lower price and Matict coin become down more than how price during IEO, although is not Binance coin but they have looking which one good IEO for adopting in their exchange without submit all coin but become shit after listing with binance.
The most earliest IEO they held are a hype driven IEO that result in inflated demand and price so when the market is more mature and calm while not driven by the hype anymore it's showing the real worth of all these IEO coins. Therefore, the IEO price after the crowdfunding phase ended have quite the chance of turning into an even more cheaper coin 
I'm not a fan of Binance Initial Exchange offering (IEO) but this dumping happen to Matic is very hurt specially if you are holding matic well if you take a look the chart history of matic in the past you will noticed a good run for this altcoin, but always remember not all the time the altcoin will stay on the top.
Almost every IEO could've gained good return on the investment during the beginning days, now the scenario is different. Following bitcoin there is no big growth with more than 95% of the cryptocurrencies. The same is getting reflected over here, maybe once the market turns to move profitable every IEO out of binance will also turn profiting. 
I'm not a fan of Binance Initial Exchange offering (IEO) but this dumping happen to Matic is very hurt specially if you are holding matic well if you take a look the chart history of matic in the past you will noticed a good run for this altcoin, but always remember not all the time the altcoin will stay on the top.
Apparently, the scenario of this film have been written long ago by the team. It is just a cliche pump-dump theme. But I do not think there is any other fault than Binance's lie (They probably gave a statement like this to protect themselves) statement on this. The exchange sets certain limits that the amount sent is probably no more than that. In this scenario, there could be another exchange instead of Binance.
I am not interested anymore with Binenace IEO because almost all IEO coin listed on Binance become shit coin with lower price, look at with last Binance coin perlin have lower price and Matict coin become down more than how price during IEO, although is not Binance coin but they have looking which one good IEO for adopting in their exchange without submit all coin but become shit after listing with binance. 
I don't think Matic team is free from the manipulation, this is part of the danger in a yet to established altcoin, you never know when the evil killer trigger is going to be pulled. I have severally be injured by these altcoin, this is why I am now a bounty hunter. Ordinarily I prefer trading to hunting.
Did you ever think if there will be a thief that will be confessed himself as a thief? i believe the manipulation has already done by matic. More tokens are about to come to the market. It's clear if all of the tokens were coming to form the contract address and there is an indicator if that already done by the whale. If they are saying that's true they were dumping the token to the bottom and that means they are killing themselves because they can't sell their tokens again to the market. This is a classic story and happened so many times with the ico. 
Lol
I speculated earlier of how IEO end will be. It will be more drastic than ICOs as some exchange will be forced to delist some IEO tokens at some point in time.
Yes its expected to happen , the trend of IEo is almost end thats why same as ICO more of them will declinr the price after its finish.I speculated earlier of how IEO end will be. It will be more drastic than ICOs as some exchange will be forced to delist some IEO tokens at some point in time.
Your lucky you get 50% for new IEO but it will not alwayd happen.
Lol
I speculated earlier of how IEO end will be. It will be more drastic than ICOs as some exchange will be forced to delist some IEO tokens at some point in time.
I speculated earlier of how IEO end will be. It will be more drastic than ICOs as some exchange will be forced to delist some IEO tokens at some point in time.
I seriously don’t know if it’s Binance or what but it is certainly hurting their credibility. They shouldn’t allow such projects to have IEOs on their platform, it seems weird why would Binance let it happen so many times?
I experienced an unpleasant event seeing the price of matic being dumped down very significantly. who is threw away the matic so that prices dropped quite significantly. various cases like this should not happen because they can tarnish the big name binance. I also experienced a little loss because buying matic suddenly the price dropped. really bad strategy Not an expert but this is quite normal and I am not even sure why will Binance want to tweet over this?
This happens with almost every other platform and very common. But yes Binance are no innocent ducks, that’s correct but not anything else.
This happens with almost every other platform and very common. But yes Binance are no innocent ducks, that’s correct but not anything else.
They know this kind of scenario will happen again and again.
If they will not stop launching crap IEOs on their platform, the trust and credibility are at stake here.
This Matic project is not the first one to experience this kind of price drop.
There were already several projects that have had this kind of trend after their IEO ended.
But this one is very fast to drop their prices. So it means, this project has nothing to offer and used Binance's popularity to fill their pockets.
BNB should have done their thorough investigation on the project to know the real skeleton of this one.
I don't think Matic team is free from the manipulation, this is part of the danger in a yet to established altcoin, you never know when the evil killer trigger is going to be pulled. I have severally be injured by these altcoin, this is why I am now a bounty hunter. Ordinarily I prefer trading to hunting.
A very valid point. I am Binance lover, but Matic like projects are worthless, so I am least concern about such altcoins…
The prophecy will become true. Only a few of the cryptocurrencies is going to survive while all the rest will go to zero. There were other "good" projects before and nobody even remembers their name anymore. On the other hand, you can't just stop people creating new crypto and there will always be some risk takers too so... coins like Matic will always make one big pump before dying off completely.
of shitcoins in the market with having those repeated ideas all over again and again.As said people do create repeating again and again because
of the possible profits for its creators if it do able to make some hype.Im not really expecting too much with IEO projects that would be more that
to those which have been offered in ICO's. They are all trash in the end.
Not an expert but this is quite normal and I am not even sure why will Binance want to tweet over this?
This happens with almost every other platform and very common. But yes Binance are no innocent ducks, that’s correct but not anything else.
This happens with almost every other platform and very common. But yes Binance are no innocent ducks, that’s correct but not anything else.
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