Binance’s IEOs keep Dumping, but why? - page 5.

Pamadar

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Quote from: nicolas1979 on December 22, 2019, 03:34:52 AM

Binance and developer doesn't have enough capability to get investor trust. ICO, IEO and STO is similar program with the same purposes, collect fund and member for next step, make market. I see whales in this situation because to dump in high quantity only can be done by people like them and look's Binance/ developer doesn't enough preparation about this. Exchange/ developer want the project keep going but when whales playing this is the result, dump in high quantity without reward.

No one can anticipate how whales will be moving, not even the exchange owners will able to manage whatever directions they wanted the project will
proceed. IEO's which being catered inside binance only have the advantage for sure listing but other than that the management don't have anything to
do if what the team and the supporters wanted for the token they are working with.

Landak

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Quote from: dark08 on December 13, 2019, 07:09:32 PM

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.

well I'm also not a fan of the IEO binance.
and this dumping Matic really shocked me, suddenly in an instant it fell so badly it looked like deliberately manipulating (my guess). Or this possibility happened because the holders sold the whole Matic due for Christmas and new year.

My doubts about IEO like there is also a point, yes initially it might be profitable if you decide to sell the coins when at the highest price, your investment should have returned (ROI). a big market with a good reputation cannot guarantee that everything will be good. after this, IEO investors should start being careful again in the future.

Trela

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Everything has warned long ago. If you are interested in ICOs and IEOs, and you really want to invest in these projects, you should understand that both are mostly the same. The risk is still there, and the manipulation of the rich always exists, waiting for the prey to come and eat.

Ideally, for those who still want to invest in IEOs or ICOs, I think you should stop investing in IEO or ICO at the moment if you do not want to grieve because of the enormous losses that can occur unless you are sure of the profits in hand.

nicolas1979

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Binance and developer doesn't have enough capability to get investor trust. ICO, IEO and STO is similar program with the same purposes, collect fund and member for next step, make market. I see whales in this situation because to dump in high quantity only can be done by people like them and look's Binance/ developer doesn't enough preparation about this. Exchange/ developer want the project keep going but when whales playing this is the result, dump in high quantity without reward.

Eugenar

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Quote from: Shasha80 on December 22, 2019, 12:12:23 AM

Not all IEO Binance fail like matic. After all, the risk of investing in IEO is very high so if something like this happens we have to ready to face it.
Do not blame Binance completely. In my opinion in this case of matic dump prices which the developer has to blame, because the proof is some
other IEO binance can be successful. We don't need to blame each other related to this case, it is better to make it a lesson so that later on if
you want to invest, use money that we can afford to lose. So if your plan fails, like Matic cases won't be too big of a problem.

Actually, there is a correlation why certain projects picks binance to launch their IEO's with, there is an impact that binance could provide these project to be successful. With that, we can clearly say that it is not just the project to be blame but there is some flaws binance could also did to influence how the market of these projects are going down. But for us to understand, the greater responsibility of keeping the project right on track is weighing on the side of the developers, and the support given by binance or the exchange itself don't really impact that most.

silversurfer1958

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Quote from: Ahrvodeex on December 13, 2019, 03:54:07 PM

After what Binance has done for past 6 months, this will be no big deal for them!

But the important thing is that this manipulation is not recommended for a big exchange like this. A lot of people lost a lot of money because of matic growth and they lost everything after 1 hour. This may be due to CZ and his team manipulating it, because previously the data showed that there were a lot of people making Long orders and the Matic dump would bring a lot of profits to them. I think Binance is not really a good exchange anymore, they are in a position to make the speculators lose more money.

Sithara007

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I don't know how you can blame Binance for this. The users need to remember that Binance is just a platform and the exchange rate is solely dependent upon the demand-supply balance. Some of the users may argue that Binance should intervene and prevent dumping of the tokens. But since cryptocurrencies are not decentralized, this is not a practical solution. If Binance puts restrictions on the dumping, then the traders will just move to other exchanges (especially the DEX sites) and dump their tokens at even lower rates.

Oneandpure

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Quote from: Danumsigwasan on December 13, 2019, 03:24:47 PM

Binance is facing yet another criticism as one of their IEO tokens has seen a huge dump once again. Matic, which was put on Binance launchpad, Binance’s version of an IEO, fell 60% in just minutes.

The token which is on the Ethereum network saw the huge drop. Coinmarketcap data said that MATIC/BTC reached a high of 562 satoshis on Monday, before diving to lows of just 195 satoshis.

Matic were forced to write a blog post to their investors and supporters explaining the situation. They also had to answer strong claims that they were behind the dump and had duped unsuspecting investors.

The blog post said:

“We want to strongly state that the allegations of token movement from our Foundation account, made by a FUD account against Matic team are completely baseless.”

Unsurprisingly, Binance CEO, Changpeng Zhao was quick to refute the inside job accusations too. Matic was one of the first tokens to raise funds on Binance Launchpad, so this is yet another PR disaster for Binance, in what has been a rough year for the company.

On the Matic issue, CZ said: “Our team is still investigating the data, but it's already clear that the MATIC team has nothing to do with it.” He went on to blame bagholders for the volatility:

“A number of big traders panicked, causing a cycle. Going to be a tough call on how much an exchange should interfere with people's trading.”

Many articles had previously been praising binance and their launchpad for the apparent success of the IEO and how the tokens listed all appeared to be pumping. A Cointelegraph article pasted in November asked: “Why Are Binance IEOs Starting to Pump?”

Well, it's funny what a difference a few weeks make a now it appears many are dumping, and fast. This Matic incident is not the first time a huge dump has happened to a Binance Launchpad token. Fetch.AI (FET) saw a big dump after its listing, as did many other tokens.

Celr another prominent token on Binance launchpad also saw a significant drop in price. The list i vergrowing. Is Binance really the best path to take?

This Matic data would suggest not and the questionable nature around this latest dump calls into question the trustworthiness of the company and Binance. This not being the first time, especially as Binance saw themselves drop out of the top ten of most trusted exchanges last month. The signs are clearly presenting Binance and those associated in a bad light. Let’s see if this Matic scandal is a big anomaly or more tokens from Binance launchpad take a similar path.

Little confused with IEOs investor on Binance, last four time of Binance IEOs coins always have lower price from Matic until Perlin IEOs coin but when Binance trying for opening new IEOs coin always have investor enthusiastic want to buy IEOs on Binance, they are not remember last track record of IEOs coin Binance have been scam with lower price.

Malam90

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Quote from: Danumsigwasan on December 13, 2019, 03:24:47 PM

Binance is facing yet another criticism as one of their IEO tokens has seen a huge dump once again. Matic, which was put on Binance launchpad, Binance’s version of an IEO, fell 60% in just minutes.

The token which is on the Ethereum network saw the huge drop. Coinmarketcap data said that MATIC/BTC reached a high of 562 satoshis on Monday, before diving to lows of just 195 satoshis.

Matic were forced to write a blog post to their investors and supporters explaining the situation. They also had to answer strong claims that they were behind the dump and had duped unsuspecting investors.

The blog post said:

“We want to strongly state that the allegations of token movement from our Foundation account, made by a FUD account against Matic team are completely baseless.”

Unsurprisingly, Binance CEO, Changpeng Zhao was quick to refute the inside job accusations too. Matic was one of the first tokens to raise funds on Binance Launchpad, so this is yet another PR disaster for Binance, in what has been a rough year for the company.

On the Matic issue, CZ said: “Our team is still investigating the data, but it's already clear that the MATIC team has nothing to do with it.” He went on to blame bagholders for the volatility:

“A number of big traders panicked, causing a cycle. Going to be a tough call on how much an exchange should interfere with people's trading.”

Many articles had previously been praising binance and their launchpad for the apparent success of the IEO and how the tokens listed all appeared to be pumping. A Cointelegraph article pasted in November asked: “Why Are Binance IEOs Starting to Pump?”

Well, it's funny what a difference a few weeks make a now it appears many are dumping, and fast. This Matic incident is not the first time a huge dump has happened to a Binance Launchpad token. Fetch.AI (FET) saw a big dump after its listing, as did many other tokens.

Celr another prominent token on Binance launchpad also saw a significant drop in price. The list i vergrowing. Is Binance really the best path to take?

This Matic data would suggest not and the questionable nature around this latest dump calls into question the trustworthiness of the company and Binance. This not being the first time, especially as Binance saw themselves drop out of the top ten of most trusted exchanges last month. The signs are clearly presenting Binance and those associated in a bad light. Let’s see if this Matic scandal is a big anomaly or more tokens from Binance launchpad take a similar path.

The reason behind IEO tokens dump are the recent dump of BTC and ETH markets. If BTC price falls, automatically altcoins price falls and it is normal process of the crypto market trend. From the beginning of November, Matic price got huge pump and after pump price may fall slightly and becomes regular compared to the beginning of November for Matic price according to your Matic chart. Here i don't find any fault of Binance rather Matic team should show more performance hence.

Shasha80

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Not all IEO Binance fail like matic. After all, the risk of investing in IEO is very high so if something like this happens we have to ready to face it.
Do not blame Binance completely. In my opinion in this case of matic dump prices which the developer has to blame, because the proof is some
other IEO binance can be successful. We don't need to blame each other related to this case, it is better to make it a lesson so that later on if
you want to invest, use money that we can afford to lose. So if your plan fails, like Matic cases won't be too big of a problem.

TastyChillySauce00

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Quote from: Ezravdb on December 21, 2019, 04:45:52 PM

Quote from: Tipstar on December 16, 2019, 02:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

your thoughts are absolutely right. Matic dump cannot blame binance. ieo in binance is always a big success and investors get high roi when tokens are released to the stock exchange. Matic dump is caused by developers who sell their rights as explained by our friends. let's think positive.

It's to be expected that some investors will blame binance for it because the major reason they invested into this coin is because it's kind of being endorsed by binance at the initial phase of IEO and now facing problem they are desperately seeking for the spacegoat though Binance can't be completely blamed for this problem. It's the developer's self initation that causes this problem.

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Quote from: meanwords on December 17, 2019, 01:02:34 AM

Quote from: vintages on December 16, 2019, 07:38:14 PM

Quote from: dark08 on December 13, 2019, 07:09:32 PM

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.

Just because they launched their IEO on Binance do no make them a trustworthy coin or being capable to stand the race in time.
Probably the coin was a 'very good' shitcoin which was designed for this exact purpose. They draw what seems to be a good plan, launch the IEO on Binance, wait for some months then dump it drastically.
Trusting cryptocurrency project these days is hard.

Typical pump and dump schemes. I just can't believe that people still believe in this kind of things. I don't care if Binance is one of the leading exchanges in the world, at this point, all new projects are shit. Look at the price history, it looks so sketchy, getting pumped in a short amount of time. The Matic team probably saw an opportunity to make more money just like what the dev of Ethereum did to his coin.

Ethereum? You mean they did pump and dump their coin? How silly you are for saying eth is same with PnD coin. Are you following the updates on eth network? 2.0 is not bad and still on process of implementation but it would be a great change that could revert back its price. Matic is only a new project, the price dump can't solely be blame on them or exchange. Who buy and sell the tokens? Are they? Its the traders. The blame should be upon on those guys as far as I think of it.

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Quote from: CarnagexD on December 21, 2019, 04:02:24 PM

Quote from: princerepon on December 20, 2019, 05:10:15 PM

Quote from: Tipstar on December 16, 2019, 02:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

Totally agree with you. I have no idea why people think an exchange is cause of dumping. I mean isn't it a regular matter in trading world. Some investor invested their money on that project now some reason they sold their asset. So what is problem with that..?

And i don't think it's good idea to investigate traders data for that. Binance already loss their reputation for couple of reason. So if binance take such a step like this then traders will not show their interest any more to trade there.

Yeah absolutely true dumping is just a result of investors getting what they have invested on a certain project, I mean it is rge nature of newly introduced market for altcoin which is the dumping. Well talking about binanc there is so much to argue about but not just its capability for listing new coinw in the market. IEOs im binqnce are still great to have these days since they are a lot profitable than any other IEOs from other exchanges.

Well, thats always been the fate of most projects and if they arent good enough or potential enough then they would really end up
on dumping if its investors wont really support it for long term.They would surely dump and it doesnt matter if its launched on the most
popular exchange like Binance because they dont hold up on how its supporters retain its value.Dump will surely happen yet
as been said that primary motive is to take profits as early as they can so its just normal for them to look up for these projects
and repeat the same process.

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Quote from: princecharles on December 16, 2019, 10:53:14 PM

It's understandable that the market has taken a new switch lately with the bearish trend of several cryptocurrencies. I'm personally not surprised about the turnout of Matic which happened to be a top hit on the dumping of tokens. Binance team suspects bag holders to be responsible for the massive dump and promises to carry out more investigation into the abnormally.

that's a classic story when the exchange sites and team are blaming the token holders. How can i buy 3% worth of thematic coin from the smartcontract. If i can do that and i wanna buy it lol so many strange things happened with this project and even binance exchange site and i curious what's the agreement that happened between both

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Quote from: Tipstar on December 16, 2019, 02:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

your thoughts are absolutely right. Matic dump cannot blame binance. ieo in binance is always a big success and investors get high roi when tokens are released to the stock exchange. Matic dump is caused by developers who sell their rights as explained by our friends. let's think positive.

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Quote from: princerepon on December 20, 2019, 05:10:15 PM

Quote from: Tipstar on December 16, 2019, 02:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

Totally agree with you. I have no idea why people think an exchange is cause of dumping. I mean isn't it a regular matter in trading world. Some investor invested their money on that project now some reason they sold their asset. So what is problem with that..?

And i don't think it's good idea to investigate traders data for that. Binance already loss their reputation for couple of reason. So if binance take such a step like this then traders will not show their interest any more to trade there.

Yeah absolutely true dumping is just a result of investors getting what they have invested on a certain project, I mean it is rge nature of newly introduced market for altcoin which is the dumping. Well talking about binanc there is so much to argue about but not just its capability for listing new coinw in the market. IEOs im binqnce are still great to have these days since they are a lot profitable than any other IEOs from other exchanges.

Lauren Smith

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Quote from: princerepon on December 20, 2019, 05:10:15 PM

Quote from: Tipstar on December 16, 2019, 02:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

Totally agree with you. I have no idea why people think an exchange is cause of dumping. I mean isn't it a regular matter in trading world. Some investor invested their money on that project now some reason they sold their asset. So what is problem with that..?

And i don't think it's good idea to investigate traders data for that. Binance already loss their reputation for couple of reason. So if binance take such a step like this then traders will not show their interest any more to trade there.

I think people just like to have something or someone to blame so things make sense to them. They blame the exchange or bounty hunters. Who knows why they are dumping. To me why invest in something you gonna just sell right away and lose money on.

princerepon

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Quote from: Tipstar on December 16, 2019, 02:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

Totally agree with you. I have no idea why people think an exchange is cause of dumping. I mean isn't it a regular matter in trading world. Some investor invested their money on that project now some reason they sold their asset. So what is problem with that..?

And i don't think it's good idea to investigate traders data for that. Binance already loss their reputation for couple of reason. So if binance take such a step like this then traders will not show their interest any more to trade there.

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Quote from: Bim abk on December 16, 2019, 03:52:16 PM

Quote from: htsy585 on December 16, 2019, 03:44:08 PM

Quote from: Tipstar on December 16, 2019, 02:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

Binance shouldn't be mention in the same sentence with Matic dramatic dump because the team clearly put out a statement on social media which clearly states that the dump originated from them since they release 25 percent of team token as scheduled ok the whitepare tokenomics

we really can't blame binance because the one in question is the developer who should be more responsible for the dump, and the error is indeed not Binance's fault because so far Binance is still awake

The developer can keep the sustain development progress and the investors have been starting to enter the disbelif phase which mean if dump will happen when the investors started to enter the dump phase after they are feeling disbelif to the project. that happens with the whole of IEO on the binance platform

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Quote from: itos84 on December 15, 2019, 10:24:10 PM

It's important for this type of IEOS that the team and initial investors have vesting. That way they cannot sell their coins for at least a year or 2 years. That way the next investors are protected from big whales that just want to pump and dump and gives the project enough time to develop and grow.

The market doesn't work like that, no one is going to invest in a coin that you cannot sell for two years also I really think that it is impossible to force people to wait for that long, and if all of that was not enough the truth is that most projects are created only for the sake of speculation or scamming their customers not for long term growth so the measure that you are proposing is never going to work out in the market of cryptocurrencies or any market by that matter.

Topic: Binance’s IEOs keep Dumping, but why? - page 5. (Read 1559 times)