Topic: IEOs are more safe. But there are still problems that must be solved. (Read 556 times)
August 17, 2019, 09:23:33 AM
As it seems, nobody really cares about decentralisation, otherwise there would not be so much participants in IEOs. Everybody is screaming that privacy is important but what those people are caring about is only profit.
August 17, 2019, 08:59:17 AM
Using the third party will solve the existing problems caused by the teams. Actually, I believe in the proper exchange for sending my documents instead of teams. If there is a lock period for the pre-sale investors, the funds will not be used for dumping if there is a bonus stage on both ICO and IEO.
August 17, 2019, 08:40:40 AM
How people are calling IEOs are safe? Give me one IEO who gives profit to the investors? But there are lots of IEO which has given profits to project team and exchanges.
Investors will stop investing in IEOs if they arent making profits from them,you need to find good ICO analysis that can show you how profitable investing in IEO can be,many IEO from binance and gate.io are very profitable,do you invest in IEO like celer network? pls do your research very well,IEO is way profitable than you think August 17, 2019, 08:36:25 AM
Only exchanges that care about their very own reputations will care about what project they are listing on their exchanges for IEO fund raising thats why its always good if every investors do their own research themselves and not relying on exchanges to the research for them
August 17, 2019, 08:31:00 AM
You have explained the issues very precisely i would like to add on the point of discount to large investors, whether it is an ico, ieo or sto the price of the tokens should be the same and their should be only one crowdsale not private sale, pre-sale and public sale, all these gimmicks by projects to attract big investors have resulted in an unstable and dumping market for the tokens of these projects because large scale investors keep selling at minimum profit the looser is the common or small investor who purchased from the public sale, so once we see one price for all in the crowdsale campaigns we will see stability in better performance by even newer tokens.
August 17, 2019, 08:09:26 AM
The aspect that I am not so much comfortable with on these exchanges IEO is where they have to place that buy limit which is usually too high for any common man like to buy, how many projects I have to commit such big amount in before I know that I am investing.
Secondly, I believe they can all see now that it is not bounty hunters that are causing dump but the big bonuses that they have been giving.
This same big bonus is affecting the IEO to already as I heard that there is also dumping that is occurring in the IEO sector also by these big bonuses, so my take is that they have to really cut it down, and for the KYC part, nothing you can do to ever get this KYC off these people’s mind. The only exchange that I still trust to get money and still do due diligence is Binance.
Secondly, I believe they can all see now that it is not bounty hunters that are causing dump but the big bonuses that they have been giving.
This same big bonus is affecting the IEO to already as I heard that there is also dumping that is occurring in the IEO sector also by these big bonuses, so my take is that they have to really cut it down, and for the KYC part, nothing you can do to ever get this KYC off these people’s mind. The only exchange that I still trust to get money and still do due diligence is Binance.
August 16, 2019, 01:44:12 PM
How people are calling IEOs are safe? Give me one IEO who gives profit to the investors? But there are lots of IEO which has given profits to project team and exchanges.
August 16, 2019, 01:40:37 PM
Buying the tokens on exchanges seems to be more safe than buying them on ICOs websites.
But there are still some problems:
1. Using IEOs instead of ICOs, we are adding a 3rd party than can control what we buy. This is in contradiction with the main purpose of cryotocurrencies which iscentralization
2. The big bonuses that big investors are still giving buying the tokens directly from the team and cause big price decrease
3. KYC that is still implementing. The only thing that has changed is that we are giving our documents to the exchange instead of the team ( In my opinion KYC should be completely eliminated or a new safe method which I have no idea about that should be implemented)
4. Exchanges might get money and do not pay attention to healthy of the project like what they do for listing the tokens
What do you guys think?
What should be done to have safer fundraising? Assume that you are making some rules. Just try to preserve the decentralization as much as possible.
1, Even dealing with the project team itself is already centralized so its just all the same.But there are still some problems:
1. Using IEOs instead of ICOs, we are adding a 3rd party than can control what we buy. This is in contradiction with the main purpose of cryotocurrencies which is
2. The big bonuses that big investors are still giving buying the tokens directly from the team and cause big price decrease
3. KYC that is still implementing. The only thing that has changed is that we are giving our documents to the exchange instead of the team ( In my opinion KYC should be completely eliminated or a new safe method which I have no idea about that should be implemented)
4. Exchanges might get money and do not pay attention to healthy of the project like what they do for listing the tokens
What do you guys think?
What should be done to have safer fundraising? Assume that you are making some rules. Just try to preserve the decentralization as much as possible.
2. Already a traditional,early investors would have big bonuses and the main ones who do dump price for profits nothing surprises here.
3. Get used to this system.We do hate it but we don't have any choice if we do like to invest.
4. Exchange are businesses,they would always matter on money making than thinking on investors safety.
August 16, 2019, 12:42:57 PM
Of course you are right, IEO is better and safer than ICO, and all the problems you listed are also present and interfere with normal operation. I can add on my own that, ideally, it would be if the money that the team collects on IEO were blocked by a smart contract and unlocked, only after all the conditions are met. In this case, no one would lose money even if they didn’t have good luck in collecting fees, investor funds would simply roll back to their owners.
August 16, 2019, 12:34:46 PM
Yes,I also think in ieo there are various things should change the first change should be kyc because we all know binance is leaking people personal information.Binance is the biggest exchange they leaking kyc information so what will small exchange do so I think kyc should change
August 16, 2019, 12:28:13 PM
The exchanges hosting these IEO's should equally take the interest of the investors serious and not being selfish about what they will gain alone.They should have regulations that will control the activities of these IEO projects to inspire confidence on the part of the investors too
August 16, 2019, 11:04:18 AM
Nothing is much safer than having an escrow and giving the funds to the team thru each milestones achieved by the team. IEO is really not that safe the only who will profit here is the small exchanges that are pretty much doing these IEOs today because they know they are just small and messing all these up won't matter to them because they can actually mess these up.
August 16, 2019, 10:43:56 AM
I think the only problem here is exchange. maybe for a large exchange I'm not a problem, but what about a small exchange. this is what we should focus on.
it's useless to make any rules, if the exchange is doubtful. Examples such as coineal are indicative of scammers. I want that in the future there will only be a few exchanges that focus on running IEO. to make it easier to monitor.
Only Support those who's going to be offered inside a well known exchange so the risk is much lesser than trying to invest with those who are being sell to a not popular exchange who can easily runaway with your money, bigger and reputable exchange will scan those projects to make sure that the team behind are capable of paying the listing fee and have a good overview of the outcome from their projected road plans. it's useless to make any rules, if the exchange is doubtful. Examples such as coineal are indicative of scammers. I want that in the future there will only be a few exchanges that focus on running IEO. to make it easier to monitor.
August 16, 2019, 10:38:51 AM
Somehow I do not agree with the number 4 reason you stated. A good exchange will not just neglect the project it lists cos it has gained profit. That is why it is necessary always to participate in IEOs conducted by a reputable exchange and not just any random exchange.
August 16, 2019, 09:47:46 AM
I think the only problem here is exchange. maybe for a large exchange I'm not a problem, but what about a small exchange. this is what we should focus on.
it's useless to make any rules, if the exchange is doubtful. Examples such as coineal are indicative of scammers. I want that in the future there will only be a few exchanges that focus on running IEO. to make it easier to monitor.
it's useless to make any rules, if the exchange is doubtful. Examples such as coineal are indicative of scammers. I want that in the future there will only be a few exchanges that focus on running IEO. to make it easier to monitor.
August 16, 2019, 09:39:43 AM
IEO regulations that implement a third party namely Exchange to manage token sales are also very precise, even though they are contrary to the decentralized cryptocurrency nature. with a third party that is sales exchange will be more efficient and easier to do. If you want to choose a good IEO, you can choose a third party or exchange that already has high credibility like Binance. For the KYC problem it has become mandatory, even though KYC ICO is required for several projects to find out the buyers of their coins.
August 16, 2019, 09:17:01 AM
I think there is a serious light which you have shined on a darkness we may not know about IEOs.. I was suspecting stuffs in this regards before, with a foreknowledge that IEOS sure have their shortcomings too!
Nevertheless, IEOS still serve as the saving grace for crpto enthusiasts who loves investment in crypto projects
Nevertheless, IEOS still serve as the saving grace for crpto enthusiasts who loves investment in crypto projects
August 16, 2019, 09:04:57 AM
Now a days I have seen that projects are organizing IEOs with very new exchanges on which most of the users dont have much confidence. Holding IEO on major exchanges off course costs more to projects but from investor's point of view I think this is most important.
August 16, 2019, 08:44:54 AM
I still accept kyc, if it's for quality exchange. I also have no problem with the transparency of the funds obtained. and I'm also okay with bonuses.
but I pay more attention to the quality of the project. we cannot invest just because IEO is in a large market. must be verified from the exchange for every project that will do IEO, this is to prevent fraud.
but unfortunately almost all markets that provide IEO, rarely or even never do this. they only care about the money earned.
so if I could suggest the regulations. I want an institution or team that handles the problem to be verified and publish their findings to the community, before IEO starts. so potential investors can judge whether the project is feasible or not
but I pay more attention to the quality of the project. we cannot invest just because IEO is in a large market. must be verified from the exchange for every project that will do IEO, this is to prevent fraud.
but unfortunately almost all markets that provide IEO, rarely or even never do this. they only care about the money earned.
so if I could suggest the regulations. I want an institution or team that handles the problem to be verified and publish their findings to the community, before IEO starts. so potential investors can judge whether the project is feasible or not
August 16, 2019, 08:21:59 AM
Generally speaking, IEOs are safer than ICOs and it's true that there are some downsides with IEOs too. Investors nowadays prefer IEO mainly because they think the team must have been verified by the exchange and also because listing is sure. The downside is that investors do not bother doing due diligence on IEO projects relying entirely on the exchange, this is not proper. Talking about the KYC verification, in my own opinion, it's an advantage for IEOs since verification on an exchange entails you can participate successfully in all IEOs done on that exchange, which is better than multiple KYCs in the case of ICOs requesting KYC.
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