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Topic: Binance’s IEOs keep Dumping, but why? - page 2. (Read 1559 times)

hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
December 30, 2019, 12:39:13 PM
I can't vouch for IEOs but exchange tokens like ecxx and BNB seem to be doing well.
i have seen someone has already said about ecxx but the fact that if that was BS. just try to count binance as the best exchange site that was doing IEO very well with its manipulation on the price and token distribution
newbie
Activity: 64
Merit: 0
December 30, 2019, 12:35:29 PM
Currently, the tokens on the Ethereum network are plummeting and surprisingly. I was bewildered. Coinmarketcap data shows that MATIC / BTC reached a high of 562 satoshi on Monday and now has only 195 satoshi.
newbie
Activity: 61
Merit: 0
December 30, 2019, 12:27:07 PM
Binance IEOs are scaring investors because they continue to dump and are currently receiving a lot of criticism. Binance's IEO version has been greatly reduced by 60% in just a few minutes.
legendary
Activity: 1834
Merit: 1003
December 30, 2019, 12:00:37 PM
We are at the end of the IEO season. I'm excited. I don't know if it will. But the price of Ethereum leads me. The Ethereum will soon switch to the POS system. The price of Ethereum fell to around $ 130. I plan to invest by making the right plan. Ethereum price can be reduced to 70 dollars or 350 dollars. I'm going to invest in them. Binance's short-lived IEO excitement.
The end of IEO season is not near unless the new model of token sales becomes available for the crypto investors. There is HYPE in the recent token sales, the contribution of HYPE provides the emotional craziness and adding this factor with the limited supply, the reasons for previously successful ICOs can be elaborated.
hero member
Activity: 2744
Merit: 761
Burpaaa
December 30, 2019, 09:39:23 AM
We are at the end of the IEO season. I'm excited. I don't know if it will. But the price of Ethereum leads me. The Ethereum will soon switch to the POS system. The price of Ethereum fell to around $ 130. I plan to invest by making the right plan. Ethereum price can be reduced to 70 dollars or 350 dollars. I'm going to invest in them. Binance's short-lived IEO excitement.
Actually it's only in Binance now that IEO are active as many new projects now are not appreciated or used by crypto. Some exchanges weren't able to put excitement in some projects as some seems to be scam and some are not good enough to be noticed. It just maybe meant for some IEO projects to be dumped as market's prices even top alts are decreasing in price. And people tends to invest now in most popular alts like ETH than to invest new ones.
sr. member
Activity: 661
Merit: 251
December 30, 2019, 09:29:36 AM
What is the purpose of Matic..? These IEO coins are no different than any ICO coins. People need to understand that Biance doesnt endorse these coins or projects. They are just platform to give them investments. Sooner or later this was going to happen but the dump is higher than we expected.

I understand your concern but matic dump was bound to happen because its tokenomics and allocation was clearly indicated on the whitepaper. So team released a percentage of the tokens as planned. I have no problem with that seriously, smart investors would have sold matic after the incredible moon and bought back.
jr. member
Activity: 224
Merit: 1
December 30, 2019, 08:57:20 AM
I can't vouch for IEOs but exchange tokens like ecxx and BNB seem to be doing well.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 29, 2019, 01:58:51 PM
the dramatic falls of matic is really painful and it's very sad that it happened in one of the big names in term of crypto currency exchange, their reputation and credibility is at stake right now, if they will not take the right action about this, they will lose a lot of their investors and users.
Nothing is at stake for binance, they are not giving you any advice regarding what you should do with your money, just because a coin is being traded there it does not mean that it is any good, if you invest in a bad coin then you should face the consequences of your mistake and not blame someone else for your losses or I guarantee you that you will never learn your lesson and you will make the same mistake again and you will suffer the same consequences except that each time this cycle happens you will have less money in your wallet.
full member
Activity: 518
Merit: 102
December 28, 2019, 06:02:47 PM
We are at the end of the IEO season. I'm excited. I don't know if it will. But the price of Ethereum leads me. The Ethereum will soon switch to the POS system. The price of Ethereum fell to around $ 130. I plan to invest by making the right plan. Ethereum price can be reduced to 70 dollars or 350 dollars. I'm going to invest in them. Binance's short-lived IEO excitement.
full member
Activity: 280
Merit: 100
December 28, 2019, 01:25:53 PM
yea this drop was a scary dump.. Binance is very strange with its IEO's
IEO is just like ICO just have a 3rd party that wants its cut too
this dump is something that keeps reminding me not to buy after a coin does x2 x3
just like XTZ and LINK did in this year, i think that its going to fall hard soon
hero member
Activity: 1106
Merit: 503
BabelFish - FISH Token Sale at Sovryn
December 28, 2019, 01:18:33 PM
What is the purpose of Matic..? These IEO coins are no different than any ICO coins. People need to understand that Biance doesnt endorse these coins or projects. They are just platform to give them investments. Sooner or later this was going to happen but the dump is higher than we expected.
sr. member
Activity: 840
Merit: 268
December 28, 2019, 01:10:06 PM
For a long term answer, it's because all coins that undergo IEO in binance are also altcoins Cheesy. They possessed what alts should be. Like it could experience dump and pumps.

For a short term answer, since it's an IEO from binance, it would take a lot of pump as binance makes a pretty good platform for a lot of coins because of its popularity.
sr. member
Activity: 1288
Merit: 253
December 28, 2019, 12:56:34 PM
Finally almost all IEO coin list with binence become hype project because have been scam with lower price after coin active and available for trading, not have chance to get much profit with investing in IEO Binance because binance owner not care about which one serious coin for IEO listing, just keep care about how much payment fees received from IEO coin listed.
sr. member
Activity: 1582
Merit: 281
Eloncoin.org - Mars, here we come!
December 28, 2019, 12:47:20 PM
finally returning to the same box where the market determines everything.

Developers are not as strong as before in determining long-term plans, several times Matic and One are involved in short PnD, developers also seem to want personal benefits, and they restart prices from the bottom with a little manipulation. fortunately they did not experience delisting due to the influence of large volume exchanges. but actually they are not much different from other new altcoins.
full member
Activity: 491
Merit: 100
December 28, 2019, 11:04:29 AM
Honestly speaking, I'm really not a fan of initial exchange offering  but it became the trend, and for Binance, it has done well and though most times accompanied by dump, I really don't think the dump of matic is as a result of binance fault moreover most altcoins are presently at their bottom.
jr. member
Activity: 417
Merit: 1
December 28, 2019, 11:03:27 AM
The misconception among those involving in cryptocurrency is like any IEO can be successful if it is launched on any noted exchange. So the case you have mentioned here is directly related to this misconception. And this case has shed truth. The fact is that only a project with innovative technique, promise delivery, good and strong team, commitments can get a success.
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
December 28, 2019, 10:15:23 AM
Both the promoters and the investors need to understand that a particular project will not become successful just because it get listed in a big exchange such as Huobi or Binance. The promoters needs to prove that this particular project can be useful for its intended purposes and the development timeline is honored. The market dynamics have changed from 2017-18. Now the investors are more careful with the projects they chose. No one wants to pour their money in to some black hole.

So the promoters now only need to prove the products they are running right, sometimes the products that are run do not match what is in the concept road map going forward without order so that it does not work well.
But if I only rely on IEO in large exchanges, it's only a short time to get a profit after that is not what I expected in the future, which is clear in my opinion IEO is fortunate for me at Binance.
hero member
Activity: 2674
Merit: 713
Nothing lasts forever
December 28, 2019, 09:26:53 AM
There can be many reasons why a particular project didn't raise enough funds or why a particular coin got dumped in price.
A coin mostly get dumped because of lack of interest in the project. The investors and bag holders are ready to dump the coin as soon as it is launched in this case.
This is the most common reason why certain coins gets dumped immediately after it is launched.
legendary
Activity: 3164
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
December 28, 2019, 12:21:06 AM
Both the promoters and the investors need to understand that a particular project will not become successful just because it get listed in a big exchange such as Huobi or Binance. The promoters needs to prove that this particular project can be useful for its intended purposes and the development timeline is honored. The market dynamics have changed from 2017-18. Now the investors are more careful with the projects they chose. No one wants to pour their money in to some black hole.
legendary
Activity: 2982
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
December 27, 2019, 11:09:03 PM
Something is wrong with IEOs and the Binance IEOs are no exception here. The bear market is showing its cold side and strong projects fail to deliver the real products for the mentioned reason.

Agree, even potential project is failing to deliver their products on time and it will not help them to increase their prices. Even the market situation is unpredictable and many coins are failing to secure their value in the current situation. IEO's are failing to survive their prices, this makes many people selling their coins for low prices.

It's often despite delivering product they are still failing. It's just the matter of whether a project is deemed useful in the eyes of people or not. Same situation with many startups nowadays, good idea but just solving the problems that are nonexistent to begin with. Also to note, price of alts heavily relies of Bitcoin and it seems that bitcoin dominance is still increasing therefore don't expect too much from a project that barely significant to the market.
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