Topic: Have any chance in the future recent IEO will be like as scam ICO? - page 2. (Read 12764 times)
March 30, 2019, 04:11:01 PM
I think the chance of IEOs to be a scam is slim when compares to ICO. We shouldn't forget that IEOs are been done on exchanges and those exchanges would have done thorough background checks on the project because they will not want to dent their own image and the trust they have built with time
March 30, 2019, 03:02:31 PM
maybe because if more and more exchanges that provide IEO services, it will be easier for scammers to commit fraud. but I still believe because there are some quality exchanges and they will definitely check every project that wants to start IEO in that exchange.
March 30, 2019, 02:54:23 PM
People need to stick on reputed exchange's launchpad, not in every IEO! Even I will not prefer latoken exchange IEO, because they listed many shit projects already and even a known scam project! Binance, and huobi IEO was big successful, Huboi will bring another IEO very soon, Bibox is coming in this sector! Bittrex may prepared to bring a real project's IEO next time! So, everyone should invest in these IEOs, not in the new exchange's IEO or any other cheap exchange's IEO! And by doing this, anyone can avoid the scam in this sector!
March 30, 2019, 12:22:12 PM
Many people benefit from the IEO. I don't think the IEO will be the same as the ICO which will later scam. because the IEO is where they make sales in exchange and that means we entrust the IEO to the exchange. If the IEO scam, of course the exchange will also be affected. Therefore it seems that the IEO will not be the same as ICO.
March 30, 2019, 11:14:26 AM
I have recently visited the bounty thread of this forum. And have founded some token bounties and trying to read details. One token which is running their token sell via IEO. [Initial Exchange offering]. The main fact what I want to say that the exchange is totally new.
So we know that recently Binance have started their Launchpad. And they are success till now. The token sale finish in few minutes even few seconds . So generally now People are finding some project which is Launch by a good reputed exchange Launchpad And people will not invest any ICO.
But scammers will not stop their journey I think. So they will try to scam in different ways.
Now I want to know how IEO will be affected by scammers in the future? And how people can safe from scammers if IEO will be affected? Thanks
I don't think there would be much scammers compare to ico, I'd say the exchange will verify the people behind the project to prove that their idea is legitimate, and if they try to run with the money i don't think they would be able to assuming the team is require to vest the token for like a year or so, and the exchange have the information of the people behind it, it's too risky for scammer, i don't think they would try it. So we know that recently Binance have started their Launchpad. And they are success till now. The token sale finish in few minutes even few seconds . So generally now People are finding some project which is Launch by a good reputed exchange Launchpad And people will not invest any ICO.
But scammers will not stop their journey I think. So they will try to scam in different ways.
Now I want to know how IEO will be affected by scammers in the future? And how people can safe from scammers if IEO will be affected? Thanks
March 30, 2019, 10:56:41 AM
It is very possible and if we look at it now, the IEO is still new and has quite a lot of interest, but in the future no one knows whether it is still interested or not towards the IEO, so in my opinion it is still uncertain
March 30, 2019, 10:47:15 AM
As you know various ICO's was scam and investors don't trust on ICO's but IEO is a good opportunity for investors and will be little chance to scam.
March 30, 2019, 10:08:19 AM
I have recently visited the bounty thread of this forum. And have founded some token bounties and trying to read details. One token which is running their token sell via IEO. [Initial Exchange offering]. The main fact what I want to say that the exchange is totally new.
I think the right question should've been, "Is there anything good that hasn't been bastardized?" Even after the Biblical creation of man, did the Devil not attempt to corrupt it? I expect such proliferation and adulteration of IEOs. But the simple prevention would be your last word, "new" We should steer clear of NEW exchanges running IEOs. They could be potential scam sites. March 30, 2019, 08:55:55 AM
The exchange tries to check the project, communicates with the team before announcing IEO, large exchanges are not profitable to place scam projects, but all can be fooled, the project can invest only in marketing and after listing go to scam.
March 30, 2019, 08:46:58 AM
I have recently visited the bounty thread of this forum. And have founded some token bounties and trying to read details. One token which is running their token sell via IEO. [Initial Exchange offering]. The main fact what I want to say that the exchange is totally new.
So we know that recently Binance have started their Launchpad. And they are success till now. The token sale finish in few minutes even few seconds . So generally now People are finding some project which is Launch by a good reputed exchange Launchpad And people will not invest any ICO.
But scammers will not stop their journey I think. So they will try to scam in different ways.
Now I want to know how IEO will be affected by scammers in the future? And how people can safe from scammers if IEO will be affected? Thanks
So we know that recently Binance have started their Launchpad. And they are success till now. The token sale finish in few minutes even few seconds . So generally now People are finding some project which is Launch by a good reputed exchange Launchpad And people will not invest any ICO.
But scammers will not stop their journey I think. So they will try to scam in different ways.
Now I want to know how IEO will be affected by scammers in the future? And how people can safe from scammers if IEO will be affected? Thanks
At least as in other projects, without a chance to sell, there is no chance to disappear. For this reason, I think that IEOs organized by reliable exchanges make sense.
March 30, 2019, 08:40:28 AM
It's depends on thoroughness an exchange. If they constantly have a purpose to become reputable exchange then they should have many ways to avoid from an error choosing a project. The risk is exchange itself, if they choose the wrong project it means the project is scam then they should accept all risks that will be faced either abandoned by many users cause it will produce fear for some users to avoid losing the assets they have.
As a result, probably an important difference between IEO and ICO is that the investor is more protected. He does not have to explore the project alone, and can rely on the employees of the exchange, and in the case of fraud also to assert their rights in court accusing the representatives of the exchange. March 28, 2019, 03:15:04 PM
It's depends on thoroughness an exchange. If they constantly have a purpose to become reputable exchange then they should have many ways to avoid from an error choosing a project. The risk is exchange itself, if they choose the wrong project it means the project is scam then they should accept all risks that will be faced either abandoned by many users cause it will produce fear for some users to avoid losing the assets they have.
March 28, 2019, 03:01:28 PM
On the unknown and little-known exchanges this can happen now. As for the major stock exchanges, their reputation is at stake, after the first failure, the exchange will lose a huge audience of potential and existing customers.
March 28, 2019, 02:59:51 PM
Yes of course, this is the crypto space and we need to start getting use to it because it is a free market and we can expect anything from a free market since it isn't controlled by just an individual or any government body, IEO is relatively new and this is why we haven't began to see scam activities take place on the platform of IEO but I can assure you that in few months to come, so many IEO scam projects will soon join the league of scammers thereby making the IEO market not different from the ICO market.
March 28, 2019, 10:01:08 AM
hard to tell when this trend to be mainstream.. all exchange will release their own IEO
and if you ask about scam i dont think that possible, especially when the exchange asking about their identity and checking their project and team first before launch on their IEO
and if you ask about scam i dont think that possible, especially when the exchange asking about their identity and checking their project and team first before launch on their IEO
March 28, 2019, 09:32:17 AM
There is always that kind of possibility, but it is the change is very small. However it depends on which exchange launch the IEO, I don't think big exchange like Binance and Bittrex which have many users will risk their reputation by listing scam project. I believe they have their own expert team to do the research on a project before the actually launch IEO, just like we saw in the recent event on Bittrex they suddenly cancel their first IEO.
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March 28, 2019, 09:23:37 AM
Exchanges don't take every single ICO or project for token sales. Binance is very strict in eliminating the useless projects and last ICO called Celer was created by smart guys from Western universities.
There's chance that the IEO will also turn out to be scam just like the ICOs and Binance current strict elimination of useless projects that mean the scammer wont find a means to bypass their elimination since it easy to hire someone who's cons this days.Mind you, Binance was not the only exchange that handle IEOS.
March 27, 2019, 07:42:51 PM
Scammers are folks out to take advantage of investors and steal of investors investment, Sure the next move will be on IEO, several fake exchanges will start pumping up, in order to lure investors.
March 27, 2019, 07:38:03 PM
Exchanges don't take every single ICO or project for token sales. Binance is very strict in eliminating the useless projects and last ICO called Celer was created by smart guys from Western universities.
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March 27, 2019, 07:19:23 PM
IEO is just a wrapper for an ICO. Same risks. A scam project can pay the listing payment and can still scam you. It also can happen to new listings listed by Binance.
Sorry, but it sounds funny, especially with the background of how the head of binance said that he did not take money for adding projects to the exchange. I don’t think that random projects from unknown people will will be added on IEO of good exchanges. Projects will be very carefully checked and separated by advisers because the exchange itself could fall due to the negative consequences in case of a scam. Maybe the existence of that IEO itself could add revenue stream to the overall trading fees but there's must be something else that could make them agrees to add those projects into their exchanges' IEO risking their name.
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