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.
Topic: IEOs are more safe. But there are still problems that must be solved. - page 3. (Read 536 times)
July 20, 2019, 10:34:59 PM
July 20, 2019, 10:28:44 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.
I can't deny IEO was really became a hope and advantage to most of the community of here in the forum. This is the feelings actually I have on it. Due to I found out that a project that under by IEO is much more higher chances for me to get profit compare to ICO, though I still believed in the ICO as long as I see it has something potential about their project. And I agreed that KYC must be eliminate completely for every campaign project.
July 20, 2019, 10:17:46 PM
The third party creates more better awareness for projects that's why IEO sell off in seconds most times,people or investors trust exchanges more than buying through project websites
July 20, 2019, 09:10:33 PM
2. No need bonus, for what you get bonus went your asset got down from the ICO Price. For me bonus just wasting your asset, better IEO on reputable exchange top 1-5 without bonus but you got a good result.
3. KYC Its a normal think, if you disagree then avoid it.
4. Lol, If you talking about shit exchange then its true they only want a money from listed IEO. But if we are talking like Binance & Huobi, they always have their own due diligence to make sure shit project would come to them.
3. KYC Its a normal think, if you disagree then avoid it.
4. Lol, If you talking about shit exchange then its true they only want a money from listed IEO. But if we are talking like Binance & Huobi, they always have their own due diligence to make sure shit project would come to them.
July 20, 2019, 08:48:55 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.
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).
IEO is the reason why I think there's only a few signature campaigns right now in the forum. Another thing, IEO is more of an UNSAFE way to join a crypto project. Buying tokens through exchanges during IEO stage will give an immediate impact to the price of the token, which is not good for small investors.
And yes, KYC is not a great thing on the part of investors. Honestly, KYC processes of these crypto projects are being done in the wrong way. As an investor, you should not disclose your personal info to people who you don't personally know. Once you give your personal info (especially your ID) to a certain project devs, the danger is already there. You should not give your trust to anyone considering that most crypto projects nowadays are exit scams. They might use your personal info for another BAD plans.
July 20, 2019, 07:20:19 PM
The first thing about safe or not an IEO will depend on what exchange is chosen. Regarding KYC itself, there are still many ICOs and IEOs that apply because they relate to several regulations from project developers and banks. Regarding centralization or decentralization, the IEO does not mean that it must be centralized and that it depends on the concept of the project itself. Regarding the prospect of exchange, it will depend on the agreement of the developers and also the exchange itself.
July 20, 2019, 07:06:21 PM
What do you guys think?
What should be done to have safer fundraising?
I think it is not really different from ICOs. Both ICO and IEO basically have the same concept but for sure IEO has a better way. IEO provides a listing place at the early stage in fundraising. It makes investors won't be afraid about the listing plan. However, the developers and IEO teams can make an agreement about everything related to information on the token sale, even it is a manipulation of the data. So, it is also possible that the exchange as the third party shows a fake result on fundraising. In this case, we must be careful and selective to choose the exchange.
I assume there is no safer way. The best way is to analyze correctly all the parts of the projects. If you find out something strange or not make sense, then just avoid joining.
July 20, 2019, 06:47:15 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.
Certainly, IEOs seems to be an improvement on ICO. Although it's not perfect but it has done alot of good with much more room for improvement. On the part of bonuses, only teams can fix this because they use the huge bonuses to woo investors who contribute money for seed funding and so on
July 20, 2019, 06:39:50 PM
I'm not sure if the problems you told are issues. But even if they're just your speculation, your thoughts about KYC should be eliminated is wrong in my point of view.
KYC prevent bots and anonymous person to be part of them. So KYC is a requirement that must be included.
KYC prevent bots and anonymous person to be part of them. So KYC is a requirement that must be included.
July 20, 2019, 05:59:18 PM
I think you are right that there are still some challenges with IEOs but the major problem I see is with IEOs conducted on the small exchanges. Aside from the fact that they are not as reliable and reputable like the top exchanges, they can also hoard the tokens and pretend it sold out and then dump on the investors after listing.
July 20, 2019, 12:39:46 PM
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.
With a centralized system it means that the value of transparency is almost non-existent (unless the exchange wants to open transaction data for anyone or any wallet that bought during the IEO).4. Exchanges might get money and do not pay attention to healthy of the project like what they do for listing the tokens
Sure, they (exchange) get some money from the project and most of them (in my opinion) they don't even doing some deep research about the project who will do the IEO in their exchange July 20, 2019, 10:58:30 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.
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