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Topic: Scammers ruin ICO fund raising - page 4. (Read 4898 times)

member
Activity: 1022
Merit: 10
August 17, 2019, 09:11:25 PM
#30
with the future terms of absence we should work on chance as attaining market of business with assessment of list on index with the arbitrage table on offers to deliver initial option to buy with the token.
sr. member
Activity: 686
Merit: 252
www.cd3d.app
August 17, 2019, 07:57:42 PM
#29
I personally believe that IEO is much better than ICO itself because of the increased safety. Just like eternalgloom said, if they are handled correctly, then we won’t have a problem in managing and working with them.
sr. member
Activity: 840
Merit: 250
August 17, 2019, 01:04:42 PM
#28
When there was no IEO all complained that there is no supervisory authority. Everyone was afraid to participate in the ICO. But now that we have every chance to avoid becoming a victim of fraud you again go the same way. We can't live without deception. For the organizers of fraudulent projects - ICO is a very profitable business. Until such time as people will not go for easy money, deception will not stop.
hero member
Activity: 2926
Merit: 567
August 17, 2019, 11:28:16 AM
#27
If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

We are wiser now than before, but still some scam projects can get in, I will still not invest in ICO because there is still no regulation here and  it will take some time before you can trace if the project is legit or not, not all of us are good in tracing good projects, we still rely on reliable people in the community to give us pointers and reviews of projects.
member
Activity: 249
Merit: 10
NeedforTurbo https://needforturbo.com/
August 17, 2019, 11:25:24 AM
#26
ICO and IEO systems are different. ICO is easier to scam. because there is no ICO fund to protect, unlike IEO they are protected by the market. like we use escrow and more stringent IEO regulations
full member
Activity: 1736
Merit: 121
August 17, 2019, 10:51:34 AM
#26
I'm personally glad the whole ICO craze is over.

I mean, while it's not really ideal that IEO's are much more centralized, if done correctly, they're much safer for the average investor.

You are correct my friend. No matter how few IEOs are compared to the everywhere project icos, the put you money where your mouth is pays the investor. The projects in IEOs are more serious and focused.
full member
Activity: 1050
Merit: 100
August 17, 2019, 11:21:13 AM
#25
If we see from the many scammers acts of ICO , of course there is no other choice, for investors to learn about IEO properly and correctly and START to move away from ICO.
For other choices, of course there are, because now there are already many IEOs run by the project, and if IEO has a guarantee that scammers will not occur, I am also sure that investors want to stay away from ICO and begin to get closer to IEO.
jr. member
Activity: 1162
Merit: 1
Base.protocol
August 17, 2019, 10:05:14 AM
#24
You are very right with this. Lost in trust with ICO has led many discontinued cryptocurrency. The whole essence people invest is to be part of a project that will solve a global problem. But scammers spoilt everything
member
Activity: 854
Merit: 10
August 17, 2019, 10:59:39 AM
#24
If we see from the many scammers acts of ICO , of course there is no other choice, for investors to learn about IEO properly and correctly and START to move away from ICO.
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
August 17, 2019, 10:28:32 AM
#23
This is normal that there are so much scams around, because there are just no regulations at all and the whole crypto world is anonymous. No wonder, that even exchanges are manipulating the sales and scamming projects for money.
legendary
Activity: 3346
Merit: 1214
August 17, 2019, 09:22:51 AM
#22
If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

It used to be developers scamming bounty hunters and investors and now exchanges scamming developers, this is what happened to an unregulated industry, the problem remains because no authorities are going after these scammers, it's more like an HYIP unregulated and free for all.

A good project that wants to be funded should prefer IEO on exchange with a good reputation, ICO now is not a good option to get funded and investors are not looking for ICO based project, especially investors with bad experiences with ICO based projects
sr. member
Activity: 868
Merit: 251
August 17, 2019, 09:07:54 AM
#22
ICO will not be able to regain its position and scams will continue. Now promising projects dont use bounty program, ICO, IEO. Now everyone begins to enjoy the support of institutional investors or large investment centers. Since in such business there are good analysts who can determine the success of the project in advance. So do not expect that will continue to be better.
hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
August 15, 2019, 02:11:22 PM
#21
If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams
If there is an opportunity for the scammers to make a lot of money in the name of initial coin offering and there is no still can't stop them creating their own ICO then how can we expect scammers will be stay away from this market.due to the customers exchanges take the advantages and making lot of money for themselves but reputed exchanges might keep the quality on the project they were promoting.
hero member
Activity: 2968
Merit: 687
August 15, 2019, 02:10:40 PM
#20
after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams
This is my first time on hearing out such scenario.Can you give out specific links for projects owners telling that they haven't received those funds after having an IEO sale?

Which exchange do such thing? It seems we would be plagued again by new exchange offering IEO.Scammers are trying to put a hole on things that can make them millions easily.Neither ICO or IEO these things are prone to scammers.
member
Activity: 434
Merit: 19
August 15, 2019, 02:08:41 PM
#19
Your topic really doesn't relate to the body of your post, as for scammers ruining IEOs, I am yet to see an example of an IEO that has been conducted and the funds are not given to the team as agreed, maybe it's because I do not follow up on projects that does not conduct their IEOs in too tier exchanges, this is basically an indication that you should stick to trust worthy and verified exchanges as long as fundraising is concerned.

Some projects got crushed by idax exchanges and these projects have no choice but to move on,i even heard that idax have very powerful connection backing the exchange after CMA project tackled idax,the sane thing happened to xcrypt project,i think you arent looking enough or you just dont heard about this but it does happened
newbie
Activity: 28
Merit: 0
August 15, 2019, 02:04:42 PM
#18
Can't be measured by right or wrong, ico itself is not wrong, IEO is a capital game,
The core value is whether the team is really doing the project.
full member
Activity: 966
Merit: 111
August 15, 2019, 01:42:38 PM
#17
That's how ICO and IEO work. Why IEO is better than ICO, maybe the right reason is that IEO is exchanged and ICO is done by the project itself. This is not the fault of the ICO system, I am the only person who uses this. So that the ICO scammer was created, because he saw the opportunities that exist.
copper member
Activity: 336
Merit: 5
August 15, 2019, 01:26:01 PM
#16
IEO is just more safer than ICO if you stick with biggest exchanges,you can do some research  on the IEO projects but exchanges like binance has already get the job done to safe their own reputation so stick with binance,huobi,gate.io,okex or kucoin,the fact is most IEOs this year are very profitable  so even if ICO is still standing im not sure it get ROI like IEO did so far

I understand your position, but the point is that it would have been a better option if there was nothing like Scammers in the cryptocurrency space and every project was legit, if that was the case. ICO would be a better option for raising funds since the developers would not need to spend extra money on exchange and other third party expenses.
hero member
Activity: 1092
Merit: 501
August 15, 2019, 01:24:12 PM
#15
If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

Based on my own understanding, nowadays IEO was very trending were most of the investors and bounty hunters discovered an alternative way to get profit once again in cryptocurrency. Moreover, IEO was being created or arise because of the ICO, in which means without ICO for sure IEO will not be rise in this business industry in my assessment only. It is just so happened that the scammers find a way out to scam others by using ICO, in fact they can also use IEO too to scam the community too.
member
Activity: 784
Merit: 21
August 15, 2019, 01:12:06 PM
#14
IEO is just more safer than ICO if you stick with biggest exchanges,you can do some research  on the IEO projects but exchanges like binance has already get the job done to safe their own reputation so stick with binance,huobi,gate.io,okex or kucoin,the fact is most IEOs this year are very profitable  so even if ICO is still standing im not sure it get ROI like IEO did so far
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