Topic: IEOs are more safe. But there are still problems that must be solved. - page 2. (Read 556 times)
August 16, 2019, 02:43:54 AM
I think IEO are slightly secure than ICO. In another word, IEO is an advanced form of ICO. But IEO involves some problems too. As you said, there involves a risk like exchanges become too flexible to allow any project launching IEO compromising its rules.
July 21, 2019, 03:21:19 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.
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.
Yes, IEO is partially safe as far as fundraising is concerned. The safety of investors depends solely on the integrity of a particular exchange. For instance, an IEO on exchanges such as Binance, Kucoin and Bittrex is safe but IEO on unpopular exchanges are not that safe because investors are prone to risk of fund on the exchange. A lot of quack exchanges are now offering IEO so one should be very careful.
July 21, 2019, 01:35:53 PM
yes indeed due to the booming of the IEO this year the same problems are just keeping intact because it is turning to scam in the midway or even the IEO is finish just like ICO . This must be resolved or else it can product more problem within the crypto space
July 21, 2019, 01:14:27 PM
I totally agree with you and to add to your points i would say that IEOs are much better form of fund raising but at the same time i do not like the way some exchanges are offering IEOs, as in one of IEOs binance posted complicated lottery or draw type of system to participate in the ieo to which i do not agree as i think that the process shoupd be as simple as possible.
July 21, 2019, 01:06:48 PM
Many of this IEO have proven to be unsuccessful. Aside being safe, which to me I don't believe it is totally safe because there are still some shit exchange platform that promote scam project and still offering IEO, the price of the token will still drop even if the token is $1000 each. This is because most project this day are not backup by demanding products and services. When there are no demand, how do you expect people to buy and when people are just selling without buying, definitely the token will be forever a dead token.
July 21, 2019, 12:35:46 PM
There is nothing safe about it.
I think people who have no idea why they are in this communnity have tolerance for principles that violate our ideals... If we understand what is being fed to us we would be more careful.
This whole thing shows how weak, gullible and easily deceived we humans can be when anyone (or anything) dangles few carrots in our faces.
I think people who have no idea why they are in this communnity have tolerance for principles that violate our ideals... If we understand what is being fed to us we would be more careful.
This whole thing shows how weak, gullible and easily deceived we humans can be when anyone (or anything) dangles few carrots in our faces.
July 21, 2019, 07:34:00 AM
I do not agree with the point 4.
For example if Binance manage IEO of some scam, then they will loose their reputation and loose more money than they get from listing such IEO.
Agree, So they will never lose their reputation. They may not have an IEO that month but they will certainly never run a scam project. The IEO is a great option at the moment and we need to seize the opportunityFor example if Binance manage IEO of some scam, then they will loose their reputation and loose more money than they get from listing such IEO.
July 21, 2019, 06:35:12 AM
Exchanges has become a promising place for new projects and several popular exchanges have successfully launched their IEO platform. It means that investors are very comfortable with their investments in the IEO and the problems you say are not considered bad by some investors, because so far none of them have complained about them, of course this has always been a pros and cons.
July 21, 2019, 06:29:30 AM
No matter what, I prefer IEOs to ICOs especially the fact that they limit the amount that each person can purchase, some exchanges even go as far as not ending the IEO when hardcap is reached, they just keep accepting investments until the time period expires, at the send of everything, investors might just get like5% of their order, further reducing the amount allocated to each person.
July 21, 2019, 04:32:29 AM
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.
I don't think you are controlled to what you able to buy, you can take it or leave it just like ICO, if talking about how the money gathered ICO also gathering your money in centralized way. The KYC is a must for the project or exchanges to survive, it is required by the government and if not you will be in huge problem since the main purpose is to prevent money laundering. Imagine an exchange oppose the idea of KYC they will be suspected for money laundering practice in an instant. 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.
July 21, 2019, 04:27:17 AM
I do not agree with the point 4.
For example if Binance manage IEO of some scam, then they will loose their reputation and loose more money than they get from listing such IEO.
For example if Binance manage IEO of some scam, then they will loose their reputation and loose more money than they get from listing such IEO.
July 21, 2019, 04:10:42 AM
That's true IEO is more safe and so far is very profitable. So far I don't have a problemin this new concept of fundraising.
July 21, 2019, 03:35:36 AM
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 centralization
4. Exchanges might get money and do not pay attention to healthy of the project like what they do for listing the tokens
I don't think your opinion 1 is correct. The exchange' IEOs do not have smart contracts to check how much money has been transfered into it, all paramater are provide from exchange.4. Exchanges might get money and do not pay attention to healthy of the project like what they do for listing the tokens
Regarding opinion 4, ít's true with almost projects so far, the exchange is just a listing and allows you trading, they have no right to interfere in the project.
July 21, 2019, 03:25:48 AM
I don't think so. IEOs are new style of advertising and promoting a certain project. First of all, this does not guarantee that the project is legit. Also, your thread title is being opposed by your explanation (you are more of explaining IEO as an unsafe way than as a safe way).
The title is: IEOs are more safe. But there are still problems that must be solved.I didn't meant IEOS are safe. You are right. In this topic, I have focused more on disadvantages. I just meant that IEOs are safer than ICOs but there are still many challenges with cryptocurrencies fundraising. In my opinion creating IEOs was a good progress when we compare them with ICOs. Just this. There are many problem with them.
July 21, 2019, 02:32:37 AM
The same question I asked when I first heard of the Initial Exchange Offering. The only problem that solves is that it reduces the rate at which project get initiated without completion. It won't be able to prevent what may happen to be unsuspecting fraud as the exchanges may be carried away by their earnings from IEO projects to be listed on their platform.
July 21, 2019, 12:47:52 AM
I think it is safe in a way that IEOs are less likely to run away from you. But still, there is a risk that you may not earn any profit at all. That is why I treat IEOs and ICOs the same way.
July 21, 2019, 12:40:54 AM
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.
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.
Good points and there are still issues with IEO's such as it being difficult to access and there's always a risk there. I got to know some of the exchanges and they're only after big bucks from these projects and not after the progress or roadmap they have. An example is this new offering that offers you a 50% discounted price on hot coins that are already in exchanges if you win their lottery. It's great to see other companies always looking for ways to improve and make things better for the crypto community.
July 20, 2019, 09:50:48 PM
It is true that IEO is a lot safer than ICO if the exchange platform is a reputable one. If not, then it is the same as an ordinary ICO.
Well, I therefore conclude that it always depend on the platform, the project and the team behind every project. We should always do our part on evaluating a certain project before we join.
Well, I therefore conclude that it always depend on the platform, the project and the team behind every project. We should always do our part on evaluating a certain project before we join.
If the project gets IEO at a leading exchange, it is definitely a good project and the development team of that project will be highly appreciated but most of these IEO projects are difficult to invest because every investor wants to join that IEO, so the competition rate will be very high. Now a lot of choices for everyone but it's best to just choose reputable exchanges like Bitmax, Gate, Bitfinex and Binance
July 20, 2019, 09:47:58 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.
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.
IEO has eased up many things for the investors. They can easily buy tokens with any coins they hold. They don't have to fill up KYC everytime and providing your KYC to a trusted exchange is better than providing to each ICO. Exchange supported projects are more successful than independent one, so there's nothing on exchange side to blame for.
July 20, 2019, 09:42:16 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.
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.
All your points are good but investors prefer to do away with decentralization and KYC in exchange in making a profit on an exchange that will give them a safe environment to invest, ICO and IEO is not really decentralized but do we have a choice since this is the only way to become early investors for a project that we want to invest.
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