To see that there are a lot of exchanges offering an IEO is good for the market, however, we also know that not all of them are reputable and therefore its expected that some would not be able to generate the funds they are expecting.
As the market is very unstable, people are looking for a more reliable exchange so they choose those exchanges that are not manipulating their trading volume, such us Binance and other big exchanges with real volume, LA Token seems to an exchange that are not telling its real trading volume IMO.
Topic: Exchanges that conduct IEOS You should stay away from ? (Read 727 times)
IEOs has certainly become the order of the day for new start up in cryptocurrency. replacing the traditional ICO which was a means of raising funds for new crypto projects. As we all Know, IEOs are been conducted on Exchanges which was a means to guaranteed investors that they have a platform to exchange( buy/sell) their token and as well a trust and accountabilty in the crypto ecosystem.
Currently there are Exchanges that are not deem FIT To conduct these exchanges because:
1: 90% of the projects the marketed failed to reach softcap.
2; most projects been marketed are still Scam and have nothing to offer.
3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation.
4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category.
Please drop yours if you have any.
Currently there are Exchanges that are not deem FIT To conduct these exchanges because:
1: 90% of the projects the marketed failed to reach softcap.
2; most projects been marketed are still Scam and have nothing to offer.
3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation.
4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category.
Please drop yours if you have any.
Yes IEO is the order of the day and so far or to an extent has proven to be better than ICO but however one needs to be responsible for the IEO he participates with. From the look of things, IEO on top exchanges are always good at least no unnecessary issues but that doesn't mean that any IEO listed on them are worth it, that is to say, due diligence is needed at all times.. lastly about the exchanges which are bad in terms of IEO, I think P2PB2B should be the first, I wonder if that is an exchange or what; after it should be followed by Latoken, IEO on these exchanges are nothing to write home about.
To me it makes more sense to wait untill an exchange has become established and build a good reputation for itself. Then things will be much smoother. The problem is that it may take some time before it gets to that stage and if you are interested in a project before that time it might be riskier. I would still wait for the tokens or coins to release on the market and then buy them from there. No KYC either. Though should not be giving it anyway.
I kept following the Bitwings project as they have a better idea and the team is mind-blowing active and they keep making events throughout the world! But when I saw that Bitwings is going to start their IEO on P2PB2B exchange, I opted out immediately. I don't know how a great project can choose these shit exchanges! I really agree with your every word, people should stay away from Latoken, P2PB2B, Shortex, Vindax exchanges!
You are absolutely right and it feels good that people are much aware of these scammers! Latoken was a rapidly growing exchange, I traded regularly on Latoken in 2018! But from the beginning of 2019, Latoken started becoming a house of scam IEOs! People should stop investing and using these shit exchanges from today! Vindax, Exmarkets, Coinlim all are the same type! I though Probit is different and a better new exchange but ProBit too started following the Latoken's path, this exchange should be ignored!
There are many of this exchanges that do collect money from project in the bid to raise fund but at the end do not raise anything or raise little or no fund. Some of these exchanges are IDAX, P2PB2B, and Exmarket exchange. Project developers need to get off these exchanges as most times they do not raise anything but give false hope.
IEOs has certainly become the order of the day for new start up in cryptocurrency. replacing the traditional ICO which was a means of raising funds for new crypto projects. As we all Know, IEOs are been conducted on Exchanges which was a means to guaranteed investors that they have a platform to exchange( buy/sell) their token and as well a trust and accountabilty in the crypto ecosystem.
Currently there are Exchanges that are not deem FIT To conduct these exchanges because:
1: 90% of the projects the marketed failed to reach softcap.
2; most projects been marketed are still Scam and have nothing to offer.
3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation.
4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category.
Please drop yours if you have any.
Currently there are Exchanges that are not deem FIT To conduct these exchanges because:
1: 90% of the projects the marketed failed to reach softcap.
2; most projects been marketed are still Scam and have nothing to offer.
3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation.
4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category.
Please drop yours if you have any.
I think there are currently many exchanges that do IEO. Almost all exchanges offer new projects, maybe more Latoken are used for IEO sales targets. Indeed, of the many IEO projects failed too. As you said, it doesn't reach softcap. This investor money can be returned.
Its due to the project that aren't really making a real promising development in the industry. I have participated to once project, it felt like I was already scammed that trading has yet postponed and my BTC were gone. Latoken, Exmarket and P2pB2B are the exchanges doing IEOs this year which most of the project were scam, if this is the case then they allowed the team to withdraw the funds, right?
IEOs has certainly become the order of the day for new start up in cryptocurrency. replacing the traditional ICO which was a means of raising funds for new crypto projects. As we all Know, IEOs are been conducted on Exchanges which was a means to guaranteed investors that they have a platform to exchange( buy/sell) their token and as well a trust and accountabilty in the crypto ecosystem.
Currently there are Exchanges that are not deem FIT To conduct these exchanges because:
1: 90% of the projects the marketed failed to reach softcap.
2; most projects been marketed are still Scam and have nothing to offer.
3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation.
4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category.
Please drop yours if you have any.
Currently there are Exchanges that are not deem FIT To conduct these exchanges because:
1: 90% of the projects the marketed failed to reach softcap.
2; most projects been marketed are still Scam and have nothing to offer.
3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation.
4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category.
Please drop yours if you have any.
I think there are currently many exchanges that do IEO. Almost all exchanges offer new projects, maybe more Latoken are used for IEO sales targets. Indeed, of the many IEO projects failed too. As you said, it doesn't reach softcap. This investor money can be returned.
Latoken has been around for a while now and yet IEO projects still gives bad results on the exchange, i think that not all exchanges are good for IEO fundraising, exchanges like BW and btcnia or even probit are still better than idax and latoken, i just don't understand how idax have a high rank among top exchanges, they have nothing butbfake volumes
The list of such exchanges are many and they have deceived many projects to believe that they can raise money for them. Some of those exchanges are Dobitrade, P2PB2B, Vindax, IDAX, Exmarkets and so many others. Though their IEO fees is not much but a project can't even raise $1000 usd from some of them.
Vindax is the first one on the list of crap exchanges not good for IEO and i heard the exchange is been breached and over 400k worth of crypto stolen, is this true? the others are idax and p2pb2b, developers who want the best for their project should stay away from these exchanges
I read it on the internet that vindax was hacked, well i am not surprised because the exchange is not big, managed by small group and of course their security will be worse, one lesson learned here is never to leave coins on exchanges now exchange is only concerned with its own profit, without first researching what IEO is marketed.
very few IEOs have succeeded because of the lack of understanding of the origin of the project.
for me, only reliable exchanges can invest in it, houbi, kucoin, and binance.
You do have to do research on IEO, even if it's on a large exchange because it doesn't guarantee profit. the most important thing is that the projects are not from the exchange, because they provide several advantages in the form of security. while the project inside I don't think has changed much like ICO very few IEOs have succeeded because of the lack of understanding of the origin of the project.
for me, only reliable exchanges can invest in it, houbi, kucoin, and binance.
Many IEOs that are carried out on an exchange end with the success of the IEO, depending on the chosen Exchange. Large exchanges do not guarantee 100% IEO success, but at least there is hope and can immediately register on the exchange. For example Binance, IEO done in binance attracts many investors because the quality of binance as a large Exchange is no longer in doubt. Just how you determine it, whether you want to participate in IEO or not. At least participate in the Exchange that has been guaranteed compared to Exchange which is only a hotbed for scammers and is not yet clear for the future.
Vindax is the first one on the list of crap exchanges not good for IEO and i heard the exchange is been breached and over 400k worth of crypto stolen, is this true? the others are idax and p2pb2b, developers who want the best for their project should stay away from these exchanges
now exchange is only concerned with its own profit, without first researching what IEO is marketed.
very few IEOs have succeeded because of the lack of understanding of the origin of the project.
for me, only reliable exchanges can invest in it, houbi, kucoin, and binance.
very few IEOs have succeeded because of the lack of understanding of the origin of the project.
for me, only reliable exchanges can invest in it, houbi, kucoin, and binance.
No, I disagree because you cannot generalize it, Binance is the most popular exchange and they are running and IEO from time to time.
So that's the statement that its wrong to generalized because Binance has been here long before IEO was introduced.
What you are stating here is based on a case to case basis.
So that's the statement that its wrong to generalized because Binance has been here long before IEO was introduced.
What you are stating here is based on a case to case basis.
Target of all exchanges is the profit, so that is way most of exchanges charge a lot of fees to just listing your project, due to they know your project may fail.
my worst3:
P2PB2B and COINSBIT exchange from Ukrain with "love" (fake volume and wash trades). A lot of bad reviews.
vindax is very laggy and was hacked recently for 500k
YOBIT - i remember one girl from a blockchain life 2019 conference, she gives me a red flyer with text "YoBit.net scam" ... so I heard some rummers about them)
P2PB2B and COINSBIT exchange from Ukrain with "love" (fake volume and wash trades). A lot of bad reviews.
vindax is very laggy and was hacked recently for 500k
YOBIT - i remember one girl from a blockchain life 2019 conference, she gives me a red flyer with text "YoBit.net scam" ... so I heard some rummers about them)
The most appropriate step is to ignore IEO on shitexchange, choose a trusted global exchange with lots of evidence of success after holding IEO. There are several options such as Binance, Huobi, Upbit, etc. However, it takes a lot of effort to fulfil the terms and conditions in order to join. Naturally, there are always many interested people. Whereas ieo on the exchange that is reliable, the risk is greater. 
IEOs has certainly become the order of the day for new start up in cryptocurrency. replacing the traditional ICO which was a means of raising funds for new crypto projects. As we all Know, IEOs are been conducted on Exchanges which was a means to guaranteed investors that they have a platform to exchange( buy/sell) their token and as well a trust and accountabilty in the crypto ecosystem.
Currently there are Exchanges that are not deem FIT To conduct these exchanges because:
1: 90% of the projects the marketed failed to reach softcap.
2; most projects been marketed are still Scam and have nothing to offer.
3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation.
4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category.
Please drop yours if you have any.
Currently there are Exchanges that are not deem FIT To conduct these exchanges because:
1: 90% of the projects the marketed failed to reach softcap.
2; most projects been marketed are still Scam and have nothing to offer.
3; they never review any of these project but rather charge fees for IEO listing.( once, you make your payment, you are allow to conduct your sales on their platform) a sure way of damaging their reputation.
4: they list multiple projects at once making it difficult for investors to make their own review and choose a quality project.
I know of LATOKEN exchange as Number one in this category.
Please drop yours if you have any.
My top list of Scam IEO exchange is P2PB2B exchange. This exchange is pure scam with their fake volume and wash trades. Don't ever invest on any IEO listed on this exchange.
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