Exchanges to be careful about IEO listing. - page 5.

AmoreJaz

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Quote from: ?? on ??

I always said that it is better to participate in IEO on proven exchanges. Because if the exchange enjoys authority, it will be important to keep this authority. So she is going to take care that everything is done IEO was successful.

and since launching ieo is the new hype. even new and small exchanges are now giving launchpads for ieo projects. so in the long run, this kind of crowdfunding strategy will be proliferated with scammers again!
those big exchanges will keep their standards high to secure their reputation but those substandard exchanges will accept any kind of project, as long as they are giving income to their platform....

irixo10

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Yes, that's true; this act of holding an exchange accountable if there is an exit scam in IEO is what to a great extent will keep IEOs scam free because no exchange is ready to go out of business or lose its users due to scam. Also, if an exchange poorly manages an IEO, it will only succeed in pushing investors away rather than attracting them, thus a bad business for the exchange too.
Furthermore, with this rise in IEOs, we should be wary of exchange that will promote one IEO or the other, especially exchanges which have no reputation but only coming to limelight due to IEOs.

Nezerlan

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It's not the fault of exchanges if a project fails after ieo. I just think binance has already made a name for itself and so any project listed there will always pump.

adekogbe

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The biggest downfall of most ICO is over complication and oversaturation of the ICO market, such a significant number of ICO's at any given moment, means that there are too many icos going on at every single time.
In a market that is not seeing too many new incomers, this is not sustainable and investors have to be more careful as some exchanges will device cunning means to make an iEO look great even if its not.

ariyzt

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Yep fail or success IEO will drive the exchange that hositing popularity. Happened on Binance with their IEO, Most of them were success and profitable for investor.
and about failed IEO i just remembered aboutBittrex, they failed to make their IEO success. The price droping after hit market

baigreen

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Quote from: installer on July 06, 2019, 08:46:52 AM

There will be always enough scam projects in crypto industry, because, as you said, even exchanges are not always seen obvious scams and are launching IEOs with them. The latest example was on Bittrex exchange.

On the contrary, it is even easier to steal money. In IEO now invest more. If a crook comes out on a well-known stock exchange, he can pick a big cash. Scammers can understand how to bypass the protection of exchanges and all we will have a new stream of fraud.

installer

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There will be always enough scam projects in crypto industry, because, as you said, even exchanges are not always seen obvious scams and are launching IEOs with them. The latest example was on Bittrex exchange.

Kevlar

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Quote from: Iykecollinz on June 13, 2019, 06:04:47 AM

Currently IEO's are becoming pupular and providing a more reliable option for new projects than ICO's. Previously a lot of new projects started by raising funds via their ICO sites and because of unregulated nature of this avenue, a lot of scammers used the medium to swindle a lot of victims.

Now the story has changed as it only serious projects that would want to go through IEO's, we no longer would hold only the project body responsible for any IEO scam but the exchange, so any exchange that values its reputation and users should do a proper scrutiny about any project before accepting their IEO sales. For instance if an exchange fails multiple times with their IEO, it will drive attention away from them, that is why Binance still draws a lot of attentions because it has recorded more successful and profitable IEO's.

Regarding the issue of security, I completely agree with you - IEO really does not leave any chances to fraudsters. BUT it was much easier to get into the ICO than to the IEO. There you can track your transaction in the blockchain. At the same time, it is almost impossible to get to the IEO, except perhaps to win a lot of BINANCE (for which the chances are also extremely small).

rdewilde

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Yes, IEO is the new trend and no doubt have been profitable for most investors. Nevertheless with this rise in IEO, one needs to be careful of most exchanges, in this case, exchanges that will spring up from no where to promote an IEO. One of the reason Binance IEOs always sell out fast is that, they try to go for good project. Thus before getting involved with any IEO, check the project and also how reliable the exchange is.

Bonwin

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A project team can still conduct ICO and be successful. Although, it is not true that investors have shifted from ICO to IEO, but this is not in totality. Also, the IEO that we are talking about comes in variance depending on the exchange on which it is conducted.

kawetsriyanto

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Of course one of the risks of IEO is the wrong choice of the exchange to list their token or coin during the IEO. There was a news about the certain exchange that scams their client that is holding IEO on the exchange (such as idax.pro). This will really influence the success of the project developer and investors. That is why, before holding certain IEO, it is better to ensure that the exchange to pick is the trusted one, with a good track record at least, moreover the top exchange will be better.

bearexin

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Quote from: Iykecollinz on June 13, 2019, 06:04:47 AM

Currently IEO's are becoming pupular and providing a more reliable option for new projects than ICO's. Previously a lot of new projects started by raising funds via their ICO sites and because of unregulated nature of this avenue, a lot of scammers used the medium to swindle a lot of victims.

Now the story has changed as it only serious projects that would want to go through IEO's, we no longer would hold only the project body responsible for any IEO scam but the exchange, so any exchange that values its reputation and users should do a proper scrutiny about any project before accepting their IEO sales. For instance if an exchange fails multiple times with their IEO, it will drive attention away from them, that is why Binance still draws a lot of attentions because it has recorded more successful and profitable IEO's.

That the project started off as an IEO doesn't mean that it is automatically going to be profitable. It might be trustworthy and you're not getting scammed, but you can still invest in it and lose your money. So don't just automatically imagine that the project is going to grow at the long run because they started off on a big exchange. I have seen so many IEO's that start good at the beginning and their prices will be going, but at the end of it all, you will see the price plummet and a lot of investors their interest from it.

joshy23

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Quote from: StatesManG on July 01, 2019, 04:37:07 AM

Quote from: Iykecollinz on June 13, 2019, 06:04:47 AM

Currently IEO's are becoming pupular and providing a more reliable option for new projects than ICO's. Previously a lot of new projects started by raising funds via their ICO sites and because of unregulated nature of this avenue, a lot of scammers used the medium to swindle a lot of victims.

Now the story has changed as it only serious projects that would want to go through IEO's, we no longer would hold only the project body responsible for any IEO scam but the exchange, so any exchange that values its reputation and users should do a proper scrutiny about any project before accepting their IEO sales. For instance if an exchange fails multiple times with their IEO, it will drive attention away from them, that is why Binance still draws a lot of attentions because it has recorded more successful and profitable IEO's.

I think there is a turn around now mate. Currently the projects needs to be careful of the project that they want to list on now as some exchanges has been reported of scam. And all this new exchanges coming up can't be trusted in any way.

Yes, there's a need being careful when you will find and invest with IEO's as there's a lots of scam which ongoing best to participate where reputable
exchange offers the sale period, they are aware with scammers and they will lessen the chance as they need to protect their business and make sure that
they will not harmed the business that's been established.

hung58bitcoin

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I think you don't need to worry about that. Because the current famous exchanges like Binance and Huobi have to carefully evaluate the quality of IEO projects on their exchanges. So there will never be a case of an IEO scam on those famous exchanges. I think the IEO on the famous exchanges is a very safe and profitable investment for investors.

StatesManG

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Quote from: Iykecollinz on June 13, 2019, 06:04:47 AM

Currently IEO's are becoming pupular and providing a more reliable option for new projects than ICO's. Previously a lot of new projects started by raising funds via their ICO sites and because of unregulated nature of this avenue, a lot of scammers used the medium to swindle a lot of victims.

Now the story has changed as it only serious projects that would want to go through IEO's, we no longer would hold only the project body responsible for any IEO scam but the exchange, so any exchange that values its reputation and users should do a proper scrutiny about any project before accepting their IEO sales. For instance if an exchange fails multiple times with their IEO, it will drive attention away from them, that is why Binance still draws a lot of attentions because it has recorded more successful and profitable IEO's.

I think there is a turn around now mate. Currently the projects needs to be careful of the project that they want to list on now as some exchanges has been reported of scam. And all this new exchanges coming up can't be trusted in any way.

freedomgo

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Quote from: Callanta787 on July 01, 2019, 04:06:46 AM

Exchanges are the ones to be careful which IEO projects they want to list,once the IEO project turn scammed it will tarnish the image of the exchange and devs should be careful too ,not all exchanges are good for your IEO project e.g idax

I stand with this, the risk is more on the exchanges although they can make money on it, but if a certain project is a scam and they host it, that would lead to a possible destruction of their reputation and their profitable operation will be affected. If we trust the exchange and they have more to loss, then we should be more aggressive in investing in IEO as most probably more investors are trusting that exchange and the value when launch could rise easily.

One good example is BINANCE IEO.

OptimusPrime_3

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Quote from: Kolikalex55 on June 13, 2019, 06:27:31 AM

In any case, IEO is a more promising investment. Scammers are not interested in their coin or token developing. Really serious projects pay a lot of money for IEO.

yes IEO became more a promising investment, minimizing individual scammers from coming into the cryptocurrency space but the the exchanges themselves became the scammers. Read the scam accusation around IDAx and get the clear picture

SaRmY

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Quote from: Callanta787 on July 01, 2019, 04:06:46 AM

Exchanges are the ones to be careful which IEO projects they want to list,once the IEO project turn scammed it will tarnish the image of the exchange and devs should be careful too ,not all exchanges are good for your IEO project e.g idax

Well, this is a new type of scam. Soon they will compile a list of real stock exchanges that do not like mochinations. And there will be leafing coins. I think IDAX became the first example. But you understand that this exchange was not very bad. It is not clear why they went to such a step.

Callanta787

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Exchanges are the ones to be careful which IEO projects they want to list,once the IEO project turn scammed it will tarnish the image of the exchange and devs should be careful too ,not all exchanges are good for your IEO project e.g idax

||bit

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It is very easy actually but inexperienced teams seems to not know about this.

Just check the real volume of the exchange which will make ieo. Not the shit on cmc. There are plenty of websites show real volume. And choose on of the good ones, not the fake ones.

Topic: Exchanges to be careful about IEO listing. - page 5. (Read 1583 times)