Exchanges to be careful about IEO listing. - page 7.

Tungsten-1

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Quote from: fortunecrypto on June 15, 2019, 12:54:17 PM

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.

Binance has a good run of IEO success, because of the way they screen their IEO participants, we will see more successful projects on Binance platform and this is another feather in their cap, they started it all and they are good at it, the original is still the best.

All the projects are original on the Binance exchange and on few other exchanges but the way projects are performing on Binance is impressive and super cool. Most of the project investors are from Binance and that is why we see the market cap better than that of any other exchange. Now CTOs are working greatly due to some additional features about which professionals are saying that it is better than IEOs.

Achiron

newbie

Activity: 10

Merit: 0

You are right IEOs are ofthe great interest now. the important thing is to chooce the dafe place to take part in. smth like tokinex or so. but not latoken as it is real scam. I don't want to be the victim as on the ico hype 2 years ago.

abstractednerve

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Activity: 752

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Bcnex - The Ultimate Blockchain Trading Platform

Binance lists only potential IEO projects, so they are safe! Huobi, oKex, Kucoin are doing well too. But look at the mediocre exchange, they are bringing some average and shitty IEOs on the board. Recently I found a tweet that Dcoin exchange and Latoken showed fake raise in their IEO launchpad, which is very possible for these exchanges. They are not aware, they just want to earn some extra money! So, every crypto supporters should be careful about low tier IEOs!

sngwinner

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I don't know how the exchanges can be held responsible for a failed IEO. Nevertheless, I see IEO as a more improved way of ICO and it can at least minimise scam.

Flezy

jr. member

Activity: 707

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That is true with the tremendous growth of IEOs today, it might lead to a call of concern, that is both investors and and exchanges needs to be very careful in the project they accept or wishes to invest in. On the investors side due diligence should always be their watchword while exchanges should ensure their users/investors are protected by making sure the team is verified.

aioc

hero member

Activity: 2926

Merit: 567

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.

They have a high standard for projects that wants to use their platform because their name is at stakes here, no scam projects will escape on their criteria, hopefully, the small exchange can follow the lead of Binance, so they can protect IEO and investors will continue to trust their platform.

fortunecrypto

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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.

Binance has a good run of IEO success, because of the way they screen their IEO participants, we will see more successful projects on Binance platform and this is another feather in their cap, they started it all and they are good at it, the original is still the best.

Pamadar

legendary

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Quote from: tenakha on June 13, 2019, 05:35:46 PM

The sale in Binance is the reality itself. I mean, greed for money. The majority are perhaps unaware of what the project belongs to, but binance's difference in IEO is remarkable for most people. "Maybe this is the way to lead us where they want".

How they handled the sale period up to the listing really makes many investors to fomo inside this exchange, there's a lots of people who manage
to ride with how this exchange make its way, its bringing more and more interest and more investors money around, there's no proven usable
product everything is under speculations but binance manage to bring good advertisement and get investors inside.

digitalblock

sr. member

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The projects published by Binance became successful thanks to this exchange and because they were the first in the IEO. Now coins after IEO lose their price much more often.

tenakha

hero member

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The sale in Binance is the reality itself. I mean, greed for money. The majority are perhaps unaware of what the project belongs to, but binance's difference in IEO is remarkable for most people. "Maybe this is the way to lead us where they want".

pelumi20

member

Activity: 712

Merit: 15

I personally think Initial exchange offering (IEO) is best at the top exchanges as they have the reputation and integrity to promote legit project unlike now and small exchanges that are just after the money. Also these top exchanges have the liquidity to make the project succeed

DainSLane

full member

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There are still many exchanges we need to be careful about IEO listing scammers are still not gone where ever you go so we need to be careful about this, we need the exchanges with the high volume and no bad reputation from the investors.

CryptoLogo

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www.fintropy.io

Fraudsters still use ICO and IEO. IEO has essentially not brought anything new. IEOs are only as good because of Binan and his good reputation.

||bit

hero member

Activity: 924

Merit: 506

IEO become mainstream and now every failed ICO is making an IEO. But you are good as the exchange you used for IEO. There are tons of exchanges but there is only a couple of good one and has real volume. If you see an IEO on an exchange you don't have any clue about it but says they have 500m $ daily volume. Just check their so-called most volume pair and see how they fabricate orders out of thin air and leave that place.

qazgroup

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RiveMont

Yeah, i too think that too many IEOs can also make them look ordinary so each exchange needs to take time and proper due diligence about the project and team before approving them to be listed as ieo.

Cent21

hero member

Activity: 1442

Merit: 578

If exchange is safe, ieo will be safe too. Anyhow if you use a scam exchange, ieo it's just a faster way to loose you cryptocurrencies.

I suggest to deeply search about exchanges reputation. That's quite easy and very useful.

llecrf

jr. member

Activity: 420

Merit: 1

I am not sure that the IEO will bring good profits for investment, but this situation makes new investors more happy because they can see registered tokens in crypto exchanges and they are sure to avoid fraud.
there will be many IEOs in the new crypto exchange, I always remind everyone to always see the details of the project before investing because nothing guarantees that the IEO will run properly and no one will scam

forexandcryptoauditor

copper member

Activity: 1190

Merit: 3

At the moment a new way of fundraising for projects is IEOs via exchanges. Due to the introduction of IEOs there is a decrease in ICOs.From my point of view, IEOs are far better than ICOs. There are many things. First, with IEO, investors are sure about the exchange the coin is listing because this is the first step to start the IEO. With ICOs, even though it's completed, most of the projects list coin after a certain period, which few investors are not happy with.
With ICO, there is lack of transparency. It is the team who updates the fund raised the bar on their website. It is very difficult to know the exact amount of funds raised.
However, as you mentioned, with IEO, responsibility is also with exchanges launching that IEO to build confidence in existing and new users. So we get the assurance to a great extent looking at the exchange featuring the IEO.
Exchanges must be having specific criteria or conditions for the projects to list their IEO on it. Fulfiling the criteria can certainly decide a trustworthy relation between exchange and the project listing IEO.

fauzan123

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Quote from: dizzy1996 on June 13, 2019, 12:14:44 PM

I believe that IEO is currently one of the most promising tools for collecting events for any project, since there is more confidence in this from the side of investors and for the fact that it is organized by the exchange.

The IEO is more guaranteed than the ICO now but we cannot say that all IEO guarantee profit because the IEO done on a small exchange is an IEO that doesn't have good quality and may be a scam

rizkyhiw

legendary

Activity: 1484

Merit: 1004

Fraud always happens everywhere where it is always looking for loopholes or exploiting situations like this with the emergence of IEOs that are widely discussed by many people, we must be careful with something more hype because there are many people who use it only to take advantage of each investors, indeed this is a very heavy stage for large exchanges where they have to actually choose the project in detail, I hope they can overcome this in anticipation of excessive fraud, fixed positive values for the IEO.

Topic: Exchanges to be careful about IEO listing. - page 7. (Read 1583 times)