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Topic: IEO: A professional scam - page 3. (Read 772 times)

sr. member
Activity: 573
Merit: 250
November 24, 2019, 06:54:18 PM
#73
A lot has been said about IEO. Many seeing IEO as a way out in cryptocurreny, hmmmm..... is that it? don't be fooled. Many of the so-called big exchange have enriched themselves through IEO. Why do you think some projects from nowhere conducted their IEO on these so-called big exchange, it will shock you to know that a reasonable amount of these tokens are going to the exchange and the exchange is ready to dump on you the moment the token is listed or after some pump. They encourage you to hodl but they will not hodl. It is all about pump and dump. You may want to argue because you have benefited one out of many times. Have you asked yourself, how many were able to buy at IEO, they want you to come and buy on the exchange after making it look like a sold out, why sold so little at IEO when you have buck of it in store? Professional scam.....Believe me, there is more to IEO on big exchange than you can imagine. Be wise.
I can support you if you are talking about shit exchange. But you should try Binance IEO, I don't think you can manage to buy any coin. Binance IEO is supporting by users. I have another example for you, new Binance IEO never offer all token for sell. Now you know the main reason Binance IEO isn't professional scam.
full member
Activity: 317
Merit: 100
https://leasehold.io/
November 24, 2019, 06:53:44 PM
#72
You should know that profits always come with risks. When the IEO started, it brought great returns to investors. However, the longer the time, the IEO was no longer interested much, appeared rampant in the market. It only really succeeds on large, highly liquid trading platforms.
full member
Activity: 560
Merit: 102
November 24, 2019, 06:45:49 PM
#71
The investors as well are looking to dump after a few x of profit. But the IEO is still preferable to the ICO I believe. There are some IEOs that are doing very well several months after listing. But I agree with you partly in the concept being watered down now because there are certain exchanges who fake IEO sales just to fool investors into buying and then the projects suddenly go silent without even listing. The exchange must have connived with the project owners to scam investors here
The best way is to choose a trusted exchange like Binance. I do not know, even though there is manipulation or consolidation behind it, the important thing is we can participate in getting profit, so that's okay. Never choose shitexchange, it's high risk and a lot of manipulation.
sr. member
Activity: 2366
Merit: 332
November 24, 2019, 03:32:51 PM
#70
IEO got scam projects in it but not really potential scam as some projects are really potential but most Exchanges picks anyhow projects without proper verifications... I would say most Exchanges have scam IEOs so in summary IEO us partly a scam but not totally as some are potential.

I think IEOS have done far more better than ICO in my view. So I don't see the scam if your coin is distributed eventually to you. It is left for you to decide on what you want to do afterwards. ICO were scamming from onset without being listed.
full member
Activity: 798
Merit: 104
November 24, 2019, 03:56:38 PM
#70
When IEO just appeared on the market, it was a great model that could fix the situation. However, those who want to earn money have changed the rules of the game.
You've got a point. But on the other hand thier is no exemption how greatly model that will used to fix the problem. Its a common thing for everyone that we can not control what others doing when money is already involving otherwise being wise are greatly safe and effective.
full member
Activity: 868
Merit: 104
November 24, 2019, 03:11:32 PM
#69
There are lots of things happening on these IEOs or ICOs. We the common people have to be extremely careful. It's our hard earned money. Better about as much as possible.
hero member
Activity: 966
Merit: 535
November 24, 2019, 03:05:29 PM
#68
You shouldn't be relying on the way a product is being distributed but rather product itself. IEO is merely a method of distribution. A real project that is legit it would not matter how they destribute.
I mean give me a few examples of some of these coins/tokens that have been listed on these exchanges and have done what you have done? I want to know what sort of project they were and if they were shit or not. It is peopels own fault if they invest in shit. Noone else is to blame.
sr. member
Activity: 860
Merit: 253
SmartFi - EARN, LEND & TRADE
November 24, 2019, 02:37:32 PM
#67
When IEO just appeared on the market, it was a great model that could fix the situation. However, those who want to earn money have changed the rules of the game.
hero member
Activity: 1638
Merit: 518
November 24, 2019, 12:28:09 PM
#66
-snip

well, i have no doubt about it.
but we have no evidence for proofing it.
that the problem , even big exchange like binance can do that, but we clearly have no evidence.
i will being neutral on this cases , although we know average IEO on binance have a quite profit for investor,but that did not rule out there have a manipulation inside.
i just have speculate,probably it will be happened if some investor investing with a huge amount of money to some project and the exchange take a part on IEO or even the team it self, and well,we see massive dump after token sale, even didn't touch ROI.
full member
Activity: 812
Merit: 100
November 24, 2019, 11:31:35 AM
#65
It's a bit difficult to say this is a scam, but some IEOs seem strange because many of them are always sold out quickly on large exchanges and also some of them do, I think playing pump and dump but some ieo projects there are some who don't. they purely raise prices based on the progress they are working on and there are many IEOs like this and when trading their token values the same as IEO bid prices.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
November 23, 2019, 09:45:05 PM
#64
Do not certainly IEO scams completely, your original can play a hit and run there. For example, you buy IEO at the beginning and get pretty much. The moment of the list at the price exchange will rise can be up to 200% or more. Live your sell and go. Don't play again too long there because it will be a dump and will be difficult to get back at early prices. So take the profit and leave it.
sr. member
Activity: 1876
Merit: 259
November 23, 2019, 09:14:55 PM
#63
So, what are you worried about if IEO is just a dump and a pump? in fact it is not new because of the many investors to invest in IEO do not see the product but how to make profits quickly.
if you feel defeated it's a risk taken.
sr. member
Activity: 1498
Merit: 326
Vave.com - Crypto Casino
November 23, 2019, 08:58:44 PM
#62
That is because IEO conducted in a centralized exchange where transactions are hidden and not actually viewed transparently. Yes there is a counter of sales or percentage but this doesn't reflected on the blockchain right? Or if yes, can you name one or at least show me it is really being process or directly connected in the website.
sr. member
Activity: 951
Merit: 259
November 23, 2019, 08:39:58 PM
#61
Whaaat, why? No.

I absolutely disagree.

I think we need to understand that no project gives you a profit guarantee even if it is listed on Binance. No one can guarantee you profit in this life.

If you think that the project has a successful infrastructure, you can invest in that token. But the fact that a project makes IEO doesn't mean that it will make you a profit, who will lost if everyone is making a profit?

This distinction needs to be made well.
full member
Activity: 434
Merit: 100
November 23, 2019, 04:30:54 PM
#60
The investors as well are looking to dump after a few x of profit. But the IEO is still preferable to the ICO I believe. There are some IEOs that are doing very well several months after listing. But I agree with you partly in the concept being watered down now because there are certain exchanges who fake IEO sales just to fool investors into buying and then the projects suddenly go silent without even listing. The exchange must have connived with the project owners to scam investors here
full member
Activity: 434
Merit: 101
https://www.payaccept.net/
November 23, 2019, 04:21:07 PM
#59
IEO got scam projects in it but not really potential scam as some projects are really potential but most Exchanges picks anyhow projects without proper verifications... I would say most Exchanges have scam IEOs so in summary IEO us partly a scam but not totally as some are potential.
full member
Activity: 630
Merit: 100
November 23, 2019, 03:00:37 PM
#58
It's hard really disputing this fact you just stated, because it's the truth. Taking a good look at IEO models in accordance with what happening in exchanges one will agree with you. Investors no longer care about ideas rather the pump and dump taking place. The big question is, some of these IEOs, where are they? What are they solving? How is the platform's growth? I don't think upto 2% of IEOs really mean business other than profit.
Sincerely like you said, there is more to IEO than we can ever know and the best thing is to be smart.
Let us look again at its original purpose, IEO conducted at the big exchange, one of the objectives is to form a strong market capacity, whether there has been a private sale or other sales scenarios beforehand, as long as the initial objectives are met. With a wide community, the product will be well known, though not all of them are interested at least this has an effect, right? Although getting profits is their biggest goal, IEO still provides opportunities for many investors.
sr. member
Activity: 641
Merit: 253
▰▰▰ Global Cryptocurrency Paymen
November 23, 2019, 02:57:35 PM
#57
IEOs in my opinion is a new way to make investors feel safe to buy direct from exchanges  where the exchanges act like a middle man in the process. Atleast we can know that after the sale that token will list at exchanges right.  Scam or not projects that has a most spotlight  will pump up and projects that has no liquidity will be dump. It was nature in cryptos for me.

You are absolutely right, mate! Some people talk about all IEO, even big exchange's IEO too! But if you look at the price history after a massive dump in the crypto market SERO is still in profit zone for IEO buyers, though random buyers are suffering! So, they think ICO was better? Where no one knew when and where the token will be listed when token distribution and scam was a normal incident in IEO! Compare the 2018 and this year, how many project scammed after the IEO idea arrives? Very few! Exchanges are a middleman here, they take fees which is normal for a centralized exchange!
jr. member
Activity: 338
Merit: 1
The Decentralized TCP/IP Internet Protocol
November 23, 2019, 02:57:06 PM
#56
I don't agree with you on this one, it was ICO (initial Coin offering) then they upgraded to IEO (initial exchange offering) so as to give investors a more secure and reliable way of investing, so I don't in any way think the process meant any harm.
hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars
November 23, 2019, 02:20:28 PM
#55
IEOs in my opinion is a new way to make investors feel safe to buy direct from exchanges  where the exchanges act like a middle man in the process. Atleast we can know that after the sale that token will list at exchanges right.  Scam or not projects that has a most spotlight  will pump up and projects that has no liquidity will be dump. It was nature in cryptos for me.
but there are still many exchanges to let IEO Fraud launch their IEO there, there are some places of exchange that are usually used as fraudsters namely LAToken, P2PB2B and Exmarket,
many IEO are not clear there, I hope all exchanges provide good and real regulations
LaToken is generally a scam exchange. I don’t understand how it has not been closed yet and who trades on it. when this exchange first appeared, many people spoke of it as a good exchange and even their token was popular, but now everyone understands that this is just a scam and you can’t store your money there
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