I would be very, very skeptical of any ICO/IEO coinbase may conduct, as i am of other exchanges who do so, yes. (All of yobit's IEO's are scams for example.)
An IEO should only be conducted for companies that already have P/E ratios (but aren't publicly traded yet) really, and not as a hype mechanism for shit new projects who overpromise but don't deliver, but that's not the point here.
Coinbase has nothing to do with this company, nor has this company anything to do with coinbase...?
I personally am under the impression that a company should never do an IEO. IEO's feel like cheating, and with the number of whales that just buy coins (because they know the market will just pump it if it's on a big exchange). It feels like IEO's nowadays are just companies saving up enough money to pay for the exchange, and then they just watch the money roll in. A lot of exchanges have capitalized off this and are using this now to basicall run off with free funds (look at yobit IEOs as an example, pretty obvious that they are run by the exchange themselves). An IEO should only be conducted for companies that already have P/E ratios (but aren't publicly traded yet) really, and not as a hype mechanism for shit new projects who overpromise but don't deliver, but that's not the point here.
Coinbase has nothing to do with this company, nor has this company anything to do with coinbase...?
I reckon it's fair for companies to IEO when they have P/E ratios, but it's been overhyped and spammed too much to be seen as legitimate.
Only registered for a year, most legitimate companies would probably buy the domain for min 5 years.
Right. I just checked and the average price for one year registration of an .IO domain is around $25-$30, which means $125-$150 for 5 years. If you can't even afford that when you are trying to raise multi millions, you're pretty much broke af, and you signal that it may fail in its first year.
What they want you to do is fund their idea, if it fails you lost your money, while they walk out with a lambo and whatnot because they obviously won't put everything you gave them in their project. You're lucky if they even invested 25% in their project. It's just a get rich quick scheme. I'm however glad that the ICO/IEO craze seems to be over.
I reckon they put in 1-2k on their website, designs, buying followers, domain and hosting, and other fees (whitepaper, etc). It's either a scam now or something that hasn't been finished, and I wouldn't be interested in the project that doesn't have anything on the site(team, mvp).
