Indeed. ICO fund rising was very great and done successfully before year 2018, but after many scam projects appeared, it is ruined.
Thanks to that, there are only few success ICO or IEO nowadays. What we can do as a community is to prevent scam project raising their fund,
so cryptocurrency project will gain back the trust from investors.
Topic: Scammers ruin ICO fund raising (Read 4925 times)
Scammers seriously damaging businesses.
They are big impact to put down the project.
No more explanation than RUIN.
Hopefully, they will stop what they are doing to rebuild trust again.
believe me, we will not be able to stop scammers, they will continue to innovate and try new tricks to steal other people's money. all we can do is more thoroughly and more carefully look at the ICO / IEO project that we will choose. They are big impact to put down the project.
No more explanation than RUIN.
Hopefully, they will stop what they are doing to rebuild trust again.
Scammers seriously damaging businesses.
They are big impact to put down the project.
No more explanation than RUIN.
Hopefully, they will stop what they are doing to rebuild trust again.
They are big impact to put down the project.
No more explanation than RUIN.
Hopefully, they will stop what they are doing to rebuild trust again.
I think ICO is not really good for us. Investors are dependent on the platform they provide. We do not have any certainty about that project. Here I only know that looking forward to luck.
it all depends on how the developer designed the ICO for their project properly. we know that there are many scammers who make ICO worse, especially many projects that manipulate their ICO funds. this is a problem that must get a solution. regulations must be made immediately if you want to see the ICO longer and continue to gain trust.
yes I believe that the main thing for ICOs downfall is scammers many people have lost their money and trust in ICOs
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
I totally agreed with you, with the involvement of so many scammers in the ICO market in 2018 they damaged the image of the ICO market and in such given the chance to the coming on bord the IEO market but in joining this new market one must take the time to look out for a reputable exchange to invest in their IEO if not you lose your found in the process. 
I think ICO is not really good for us. Investors are dependent on the platform they provide. We do not have any certainty about that project. Here I only know that looking forward to luck.
This has been happening for a long time and I myself am no longer surprised about the existence of scammers on ICO or IEO. some projects can already be evidence and also learning so that we as investors are not careless in investing. do not let us lose big enough
Thus, scammers always take advantage of every opportunity to cheat. ICO and IEO have the same opportunity to become a scam if we are not selective and do not determine the right strategy. IEO is safer and more trustworthy because tokens or coins are ready on the exchange, this is effective for building investor confidence compared to ICO which are not all listed on the exchange, even until the end of ICO tokens or coins are not listed, after a long time the developer disappears. With a note, you must be selective in choosing exchanges that hold IEO, choose global and trusted exchanges, it's safer. This has been happening for a long time and I myself am no longer surprised about the existence of scammers on ICO or IEO. some projects can already be evidence and also learning so that we as investors are not careless in investing. do not let us lose big enough
That would be a learning for everyone and that's supposed to be. ICO did nothing good nowaday and it looks so different from when it started. Scammers make a big change which investors losses their confidence towards the market and giving the doubts to reinvest with. We'll hope that IEO will help to twist the minds of investors.
If there is no ICO scammer then I think we have never heard of IEO until now, too many ICOs manipulate funds up to tens of millions but only listed on a small exchange with the equivalent price of garbage. IEO is a smart solution created by the exchange to overcome ICO scammers and fund manipulation, here we need a third party, namely trusted exchange.
I think IEO will still exist, it's the initiative of the exchange for them to host and make money, that's the competition that we like to see, but now, it seems there's no competition anymore as IEO has already taken over the crowd funding business. ICO already has a bad reputation, it's hard to to gain back the confidence of the investors anymore since they found a new opportunity in the form of IEO to invest.
Scammed ICO was the biggest problem occur in the community and many investors made it to go far from it.
This is Why IEO exist now and this IEO will gain the trust of the investors once again to play as their third party of security.
Though the effect of IEO will be bad for the marketing budget as it will be part for it. like BOUNTY budget will be cut!
SCAMMED ICO MADE THE MARKET BEARISH also!
This is Why IEO exist now and this IEO will gain the trust of the investors once again to play as their third party of security.
Though the effect of IEO will be bad for the marketing budget as it will be part for it. like BOUNTY budget will be cut!
SCAMMED ICO MADE THE MARKET BEARISH also!
LMAO, scammers are everywhere, not only in ICO fund raising. They launch premined coins, form trading subscription groups, make ponzi sites, hack your PC with malware wallets, phish known online wallets and exchanges and of course fake teams, fake projects to get your money.
You just have to learn to live with it and avoid them.
I agree with you. Fraudsters cannot be at fundraising. But then they can release malware, it can be completely. Be very careful. Fraudsters are very smart. Take care of your wallets. You just have to learn to live with it and avoid them.
LMAO, scammers are everywhere, not only in ICO fund raising. They launch premined coins, form trading subscription groups, make ponzi sites, hack your PC with malware wallets, phish known online wallets and exchanges and of course fake teams, fake projects to get your money.
You just have to learn to live with it and avoid them.
You just have to learn to live with it and avoid them.
There is money on it.
I do think whenever there is a large money on stake scammers had been coming on it with large numbers.
Sometimes they will create 3 companies with only 1 group behind it.
They just change the image of the website and then the management which are grabbed from Linkedin.
There is a lesson here.
If you have a good academic background, stay private.
Or else, someone might steal your information or used in an evil deed.
For you to have known this, it means you must have done your research which gave you the opportunity to detect them easily, do you can now agree with me that we were the ones that made this people become popular and their activities becomes so rampant right?I do think whenever there is a large money on stake scammers had been coming on it with large numbers.
Sometimes they will create 3 companies with only 1 group behind it.
They just change the image of the website and then the management which are grabbed from Linkedin.
There is a lesson here.
If you have a good academic background, stay private.
Or else, someone might steal your information or used in an evil deed.
People don’t tend to make research on projects until after they starts having some little doubts about them, it is then at that point they start discovering some hidden truths about them, but why should we wait till things go bad or we get burnt before we do a very thorough investigation on them? These things would not stop until we are able to stop it our self which begins with each an every one of us reject bad managers, then we start to be strict on projects we invest in or hunt for.
This has been my major concern. ICO are way better than IEO in terms of fund raising because many exchanges charge the project for listing and still won't give back the total fund raised to the developers or some will just out-rightly scam the project liker Idax did to Xcrypto and CMA. The big question remains: Why list on questionable exchanges!
Let's accept that it happens, and ICO is gone and replace by IEO.
During its popularity, there's a lot of scams in the market, it is believed that majority of the ICO are scams and that's one of the big reasons why the market dump after the bull run. Now, people have learn, and the reputation of the ICO now is really bad as even good project does not get anymore the success which they can easily do during the popularity of ICO.
During its popularity, there's a lot of scams in the market, it is believed that majority of the ICO are scams and that's one of the big reasons why the market dump after the bull run. Now, people have learn, and the reputation of the ICO now is really bad as even good project does not get anymore the success which they can easily do during the popularity of ICO.
from the first, indeed if there were no scammers, indeed this ico industry would be far better. the funds collected can be very fast to help ico projects, sometimes even not according to the schedule of achieving a hard cap, can already be realized. this shows that ico is very much in demand, and investors have no doubts about several projects that are running and developing. it's just that, sometimes there are bad teams, and take off the funds that have been collected.
There is money on it.
I do think whenever there is a large money on stake scammers had been coming on it with large numbers.
Sometimes they will create 3 companies with only 1 group behind it.
They just change the image of the website and then the management which are grabbed from Linkedin.
There is a lesson here.
If you have a good academic background, stay private.
Or else, someone might steal your information or used in an evil deed.
I do think whenever there is a large money on stake scammers had been coming on it with large numbers.
Sometimes they will create 3 companies with only 1 group behind it.
They just change the image of the website and then the management which are grabbed from Linkedin.
There is a lesson here.
If you have a good academic background, stay private.
Or else, someone might steal your information or used in an evil deed.
Fraudulent activities and scam is the major reason for the downfall of ICOs and the rise of IEOs. With ICOs any body can create a project that looks real and then fool the community to raise funds.
But IEO have been able to tackle that as mostly the exchange validate that the project is real.
But IEO have been able to tackle that as mostly the exchange validate that the project is real.
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
I think that even now many new projects would gladly carry out the ICO and would not share the collected investments with the exchanges. However, now ICO has lost popularity among investors and new projects without exchanges risk even being left without investments.
In addition, many IEO projects are of little interest in terms of long-term investment, because these are the projects of one day, you bought today, then the exchange propamped the price of the coin, tomorrow you sold it at an increased price and forgot about the existence of such a project.
Scams happens in ICO because of project teams first take the money from investors, and then the coin eventually doesn’t get listed in the exchanges. With IEO, investment is much safer as investors have a guarantee that the coins will be listed in the exchanges. This makes them a hell lot of reliable in my opinion rather than falling in the scam trap. IEO don’t yet have nay news of scams as of now, so let’s just wait and see what happens
No scams as of now yet but we cant guarantee that they aren't doing something shady behind those platforms.Manipulation is possible but somewhat this is much really better than ICO's.The difference though is on the profitability where it cant possible hit up 1000x or higher yet we have seen how IEO perform when it comes to price surge.
Scams happens in ICO because of project teams first take the money from investors, and then the coin eventually doesn’t get listed in the exchanges. With IEO, investment is much safer as investors have a guarantee that the coins will be listed in the exchanges. This makes them a hell lot of reliable in my opinion rather than falling in the scam trap. IEO don’t yet have nay news of scams as of now, so let’s just wait and see what happens
Fundraising using the ICO method has indeed become a very preferred method by the originators of the crypto project. but when there are too many scammers who are detrimental to investors, which makes them disappointed, the current collection and ICO is indeed very difficult. due to a lack of investor confidence to invest in some of the new ICO projects.
What it happens to ICO is something to cause huge market failure and investors doubts. Some ICO projects never give of what they promise and what the tell to their investors. We can't deny that some of them are still promising and legit but it badly affected by the others.
As people appreciate how IEO does today, it is somewhat a mind-changing for investors to go along with IEO than be still with ICO projects.
As people appreciate how IEO does today, it is somewhat a mind-changing for investors to go along with IEO than be still with ICO projects.
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
As of now, there are some IEO that after the project has been done in terms of distribution of the token, for what I saw its just
the same for the ICO where scammers can both use them to scam people here in this field of business industry. So, the better way to do
for now is to find a solution for this matter instead of saying that ico fund is ruin.
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
You have a valid point. However, those scammers took advantage of ICO's anonymity specially during its height in 2017. Projects pop like mushrooms, everyday you will see them popping around and victimising investors. And this continues up to 2018. So that by 2019, we haven't seen any legit project took off and became successful before scammers have ruined the reputation already.And then when the new business model of IEO/STO slowly making its ground on the ecosystem, ICO became dead and experience dry spell as investors shift their attention to the last business model of IEO who in turn are very lucrative for early investors or those who have a lot of spare money to throw on IEO projects.
Thats correct, but comparing both, id rather stick for IEO because it is more legit than ICO, my point is that, IEO is run by legit exchanges and it is sure that the token could be listed to exchanges, comparing to ICO where promises of the team involved could not be trusted after all, but based on the statement above, yes i do believe that scammers could do harm the ICO integrity since last 2years and until now, maybe IEO is better than ICO just for my thought.
During the ICO fund raising stages, many scammers including projects and exchanges took unnecessary advantage of investment strategies. This in turn lowered the confidence in investors. Thanks to IEOs. But here also we should be careful selecting the project and more important selecting the IEO holding exchanges.
That's what scammers do, their job is to ruin, they don't help as they are only here to serve themselves being greedy.
Yes we can blame the scammers but that is not the root cause of the problem, why scammers are increasing because they see a big opportunity to make money that they will not be trace or easily caught when they do their dirty thing, but I believe the root cause of the problem is the lack of regulation in the space, if the government will focus on regulating the crypto space, that would help to bring back the interest of the potential investors, and even those who got victims of scam in the past, they might come back when they see it's secured this time due to regulation.
Yes we can blame the scammers but that is not the root cause of the problem, why scammers are increasing because they see a big opportunity to make money that they will not be trace or easily caught when they do their dirty thing, but I believe the root cause of the problem is the lack of regulation in the space, if the government will focus on regulating the crypto space, that would help to bring back the interest of the potential investors, and even those who got victims of scam in the past, they might come back when they see it's secured this time due to regulation.
Do you really think that scammers are the ones that ruined ICO fund raising or we are the ones that ruined it? The reason why I said we ruined it was because, we were the ones that projected this scammers to the world, they used us bounty hunters as their tools and we allowed ourselves to be used just because some of us are greedy, desperate and lack research techniques.
We have so many hunters that just pick any project that they like out of gut instinct and then promote it hoping to get a result and reap from where they show little, we have seen now the reason why many people has been on top of their voices shouting that we should make research before participating in any ICO, if we don’t pay attention to those scammers. Would they even have the chance to raise the money? No.
We have so many hunters that just pick any project that they like out of gut instinct and then promote it hoping to get a result and reap from where they show little, we have seen now the reason why many people has been on top of their voices shouting that we should make research before participating in any ICO, if we don’t pay attention to those scammers. Would they even have the chance to raise the money? No.
For some projects you are right, but I always try to point out that not all ICO projects are scams, simply some of the projects failed cause of other things, lack of knowledge, bad idea realization, not enough investors, there are many things that can go wrong when you are building something from zero, and that`s are ICO`s, projects that starts from zero.
I like ICO`s more than IEO`s. I don`t like every exchange, and for sure I don`t like every project they launch.
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
I don’t get what you are trying to say, because IEO is a new system that is not even up to a year old, and the real scam that destroyed ICO is that one conducted directly by these developers, prior to when IEO platform was introduced by Binance, many of us only buy tokens directly from these developer’s website which after they raise fund, they disappear from the industry, while some of them refuse to enter exchange and we had hundreds of them between 2018 and 2019.It was this that made Binance think of using the IEO platform to filter bad projects from good project by conducting a thorough research ion them first, but unfortunately, I guess that exchanges re beginning to defraud too like you said which would really be a bad thing for IEO.
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
Do you really think that scammers are the ones that ruined ICO fund raising or we are the ones that ruined it? The reason why I said we ruined it was because, we were the ones that projected this scammers to the world, they used us bounty hunters as their tools and we allowed ourselves to be used just because some of us are greedy, desperate and lack research techniques.
We have so many hunters that just pick any project that they like out of gut instinct and then promote it hoping to get a result and reap from where they show little, we have seen now the reason why many people has been on top of their voices shouting that we should make research before participating in any ICO, if we don’t pay attention to those scammers. Would they even have the chance to raise the money? No.
We have so many hunters that just pick any project that they like out of gut instinct and then promote it hoping to get a result and reap from where they show little, we have seen now the reason why many people has been on top of their voices shouting that we should make research before participating in any ICO, if we don’t pay attention to those scammers. Would they even have the chance to raise the money? No.
It's wise for a project team to run their IEO only on exchanges with good reputation if they must do an IEO. Doing IEO on just any exchange without reputation is a 50:50 chance of getting back (or not getting back at all) their funds after token sale and also posing high risk for investors. ICO would have been great but scammers spoilt it like mentioned here, let's just stick to IEOs on reputable exchanges to reduce risk of losing funds to scammers.
With IEO craze we have seen now new exchangers had been pop up which means these are the new places for scammers to take advantage and make easy money thru IEO.ICO was indeed a good one for project owners but due to rampant scam it did really mainly affect its reputation which do lead up on losing interest or people are already afraid to directly invest.
Yeah right. Now the scammers are trying new ways to scam investors through exchanges. Indeed, there have been many new exchange projects since the past few months and of course they have all been interfered by scammers. Therefore, I did not invest my money in a new exchange, even the old exchange did not determine the success of the project.
it's just true what the OP said, that ICO will be more profitable than IEO if the scammer outbreak doesn't come. The funds will go directly to the dev without being cut any fees. I remember in 2017 when ICO was still very popular, it made me very lucky.
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.
They could give token that might never be traded or listed on exchanges, lots on latoken, exmarkets, etc, most not on those top rated exchanges. IEO has its shortcoming but scam in ICO has lot more and made people poorer and left so much doubt in investors that they cant recover from. I believe their would be solution that will mediate between the ICO and IEO.
Every new thing get been used out of line , many use them to scam people as they are new to it and once it get escalate people change toward it and that is what has happen to ICO .
But no how the scammer could be stop as the new way will also be use , so that is why we advance every day as every day solution comes once one is block.
But no how the scammer could be stop as the new way will also be use , so that is why we advance every day as every day solution comes once one is block.
We can't go back to that past "ICO" days before. The damaged has been done and scammers already ruined the momentum of ICO. If IEOs will be the solution to prevent scammers from ruining the upcoming releasing coins then I can say let us give time for IEO to prove that thing. They are starting to build their good reputation and scammers actually find it hard to enter IEO.
I think that deep down, everybody knows the old ICO days are over,,, but investors still hope to get some last life like in the form of IEOs (same thing, believe me) and projects still hope to convince investors for a few more years that they have a killer product ready to make everyone a lot of money.
IEOs are not going to prevent scammers. Trust me on this.
If ICO is ruined just let it die in peace.
IEO is the future
IEO is the future
Obviously IEO is better than ICO, the risk of fraud is lower and investors also trust IEO because it is safer because people prefer whose name is related to the exchange market which creates increased trust in a project
In previous years and now most of ICO's was scams and some of the projects were not launched in the market that is reason investors are not investing in ICO's and if project team launch ICO than investors will not invest more, maybe the project can be good but can't raise more funds and IEO is more good way to raise funds from token sale but projects need to launch in good exchanges and scam exchanges should be avoided and reported .
Most choose IEO's as the results of their investment is much quicker than waiting for ICO's where the wait is really longer and there's no assurancethat it will be added to any exchanges, this venue of investment is no longer that hot unlike before when picking project is not that hard to select
and the chance to earned is really much higher than what we are having right now, the lesser you place your investment the better chance not to be
scam at all.
It's wise for a project team to run their IEO only on exchanges with good reputation if they must do an IEO. Doing IEO on just any exchange without reputation is a 50:50 chance of getting back (or not getting back at all) their funds after token sale and also posing high risk for investors. ICO would have been great but scammers spoilt it like mentioned here, let's just stick to IEOs on reputable exchanges to reduce risk of losing funds to scammers.
With IEO craze we have seen now new exchangers had been pop up which means these are the new places for scammers to take advantage and make easy money thru IEO.ICO was indeed a good one for project owners but due to rampant scam it did really mainly affect its reputation which do lead up on losing interest or people are already afraid to directly invest.
Looks like you have misunderstood or you have written wrong. because what you have clear is a work process of the IEO program not ICO. if ICO all funds go to the development team, scam projects often occur due to the development team that is less responsible for their tasks.
IEOs are definitely more safe for investors, especially when being held on some famous and stable exchanges. But this is not the guarantee you will sell your tokens at higher prices after the listing.
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
You’re right. I have seen such a thing happen, and it was reported on this forum. Can’t remember the name of the exchange they were blaming , they said that after the IEO finished , the exchange claimed that no money was gotten from the IEO and the devs had to refund all the investors back their money and never got anything and that led to them shutting down the project. That’s really bad, but there are still some trusted exchanges that devs can make use of , Binance is a trusted exchange, the only problem is that some exchanges will not be able to afford it. If not for that, then they would have all been going for it.ICOs would have been the best if not for these dumb and wicked scammers that always look for the opportunities to ruin every good thing they see.
The worst part of it all is that most of the ICOs in the market are just owned by scammers and they are now making people to feel like every ICO there is in the market is scam. That’s why everyone is rushing into IEO because they believe that IEO is more safe, but sometimes these IEO's don’t favor the devs.
In previous years and now most of ICO's was scams and some of the projects were not launched in the market that is reason investors are not investing in ICO's and if project team launch ICO than investors will not invest more, maybe the project can be good but can't raise more funds and IEO is more good way to raise funds from token sale but projects need to launch in good exchanges and scam exchanges should be avoided and reported .
IEO is better that ICO in many aspects.
Just think for yourself and don't let anybody fool you.
Just think for yourself and don't let anybody fool you.
It's wise for a project team to run their IEO only on exchanges with good reputation if they must do an IEO. Doing IEO on just any exchange without reputation is a 50:50 chance of getting back (or not getting back at all) their funds after token sale and also posing high risk for investors. ICO would have been great but scammers spoilt it like mentioned here, let's just stick to IEOs on reputable exchanges to reduce risk of losing funds to scammers.
We can't deny the fact that Scammer are plaguing the entire cryptocurrency space. One of the reasons why countries are restricting their citizens from joining the industry is because of the prevalence of scam and until we get things right, the issue of mass adoption of cryptocurrency is a long thing.
ICO craze died when many fakers with bad intentions to scam and not develop any project came into the scene. It's true that ICOs if continued in the right way would have given the project teams more control of entire funds raised for development of the project, but the sad truth remains that they never channel all allocated funds to project development. That aside, safety first hence IEO done on reputable exchanges is by far better than ICO. IEO even gives an edge to projects since many investors buy in with confidence and most times the hardcap is met, unlike ICOs that struggle to hit softcap most often. Why will a project team even think of doing IEO on an exchange that is not reputable? that is the only way they can lose funds to scammers. Let's just embrace the new form of tokensale (IEO), there is no need reminiscing on ICO since it's old news.
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.
Scam projects are everywhere only responsible people will take time to understand and do right actions to avoid being victimized, there should be no rushing around so picking the right or deserving project will happen, this mentality about quick profits needs to be removed and start looking for the real usage and not always taking chances to quick dumped after being added to exchange. 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
ICO was dead long time ago. Scammers are ruined it, after few successful ICOs, they use this type of offering as a tool to scam, and even easier than traditional way, get much more money without and lawsuit. I Think ICO or IEO is not criminal. Scammers can think about anything to take people's money, they are should be eliminate for good.
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
You can't really say that IEOs are safer than the ICOs. The current situation of the IEOs remind me of the situation of ICOs during mid 2017. IEO is still a relatively new concept and there is a false sense of security among many of the cryptocurrency users regarding it. But looking at the overall structure, I can foresee serious issues with IEOs in the near future. I have seen little known exchanges listing 25 IEOs at the same time. When you have that many, the quality will obviously go down.
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.
fraud occurs because of the weakness of the law governing ICO, so many fraudsters are always looking for loopholes to get money easily. without legal protection, I think fraud will always be there, and we personally have to be careful to choose projects, because if we make a wrong move, we cannot complain to anyone
We can't go back to that past "ICO" days before. The damaged has been done and scammers already ruined the momentum of ICO. If IEOs will be the solution to prevent scammers from ruining the upcoming releasing coins then I can say let us give time for IEO to prove that thing. They are starting to build their good reputation and scammers actually find it hard to enter IEO.
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
Yes, I agree with you. Just before ICOs became scammers community it was an interesting investment opportunity, but there is no investors willing to put the money at huge risk, and ICO is no longer seen as that opportunity but a way to lose money.
I think now scammers are really having hard time to do their bad work because their is IEO now this is IEO is more secure for investors and less worries 
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
Where there is money, there are scams involved. And sometimes differentiating the project to be a legit or scam becomes difficult. There are several reasons why investors call a project scam. And several other scams which doesn't get a scam tag from the investors, at least until it's profitable. So, it's also the lack of research from investors and thoughtless investments that are boosting the profit and morale of scammers and are making it a lucrative market for them.
that's why some of the projects that are doing ICO right now are not trusted anymore because the investors have trust issues with it which right now the one that is invested are IEO project which is more secured and profitable in the near future
If I think ICO is better than IEO, only a scam in an ICO project is due to the failure of the team that manages the project because it did not reach the target so that there is a scam or fraud, if this problem can be overcome then the ICO will definitely be more profitable
So that's why I am always go and stick at old already trusted exchange and project. Because all we know that here in crypto world nothing is impossible and all of transactions can be controll by someone who have lot of knowledge about technology like scammers. They can create fake or scam project so be careful to for your every investments.
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.
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.
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.
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.
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
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.
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.
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.
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
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.
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.
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
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.
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. 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.
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
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.
The core value is whether the team is really doing the project.
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.
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.
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.
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
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
I agree with you, developers are the most affected in this IEO issues. I ones heard that a developer paid about two btc to hold an IEO on a cryptocurrency exchange and after the period of the tokensale was told that no token was sold after there was huge movements in the exchange which was planned to make it seem that the tokens are been sold out.
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
When that ico used trusted member in this forum as escrow and that cna be trusted. But it looks like IEO is starting from ICO dude and exchange site will be offering a good offer to the good ico only.
But ICO already lost transparency and this make a lot of people are thinking about bad opinion on ICO.
So many scammers are abusing this kind of fundraising but with IEO and it much better right now.
I hope exchange site will consider to hold the amount even longer.
If i understand correctly, there is a risk that the team creating the IEO on an exchange can be scammed? The exchange don't give back the money to the team? I have not heard any news about this kind of scam. But it is possible that it has happened. Do you have an example of this kind of scam?
But at the end, an ICO has to pay to be listed on an exchange like an IEO. And sometimes the exchange can scam the team by accepting the fund and not listing the coin.
But maybe doing an IEO on an exchange is more expensive than a normal listing. I don't really know.
But at the end, an ICO has to pay to be listed on an exchange like an IEO. And sometimes the exchange can scam the team by accepting the fund and not listing the coin.
But maybe doing an IEO on an exchange is more expensive than a normal listing. I don't really know.
The mindset of some investors won't look the centralized or decentralized an investment place. They only look the purpose profit that they want and the risk that will be faced when they store money. As you may know, the ICO project has been spreading up by some negative news who make the investor believe an ICO is not a safe way anymore to store their money. I don't think this assessment will be subside on their mind since there is a new way to take part to investing in new project who have a safe way. I remember that there is someone who got 300x profit when he invested his money through an IEO if I'm not mistaken the exchange is binance.
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
ICO will eventually run out of control because there is no regulatory board to check if the roadmap is attainable and the testnet and mainnet are really going to work, everyone is for himself, and there are a lot of connivance going on from ICO rating, some bounty managers and influencers.
Every one of us here has become a victim one way or another and if we are not going to be very careful we'll going to be a victim again.
investors still want to invest and always on the look for a good project, and IEO has become their new ground.
Scammers only affect a small part. For experts on project evaluation, they will know what scam projects are and potential projects.
so we need to learn more about how to analyze ICO projects. It will help us less fear when investing.
so we need to learn more about how to analyze ICO projects. It will help us less fear when investing.
Well, there is a totally different way of looking at it.
If a brand new company was stupid enough to get scammed by a third party, then they deserve it.
And if you are stupid enough to invest in that kind of a project and you lose money, you deserve it.
Sounds harsh, but if a new company can't even handle their fundraising properly, then how on earth can they be successful later on.
People blame scammers, exchanges, bounty platforms and everything but don't realize the most basic thing:
The project was doomed before it even began.
It was doomed because of no innovation, no professional competency, no technical prowess, no business sense.
The vast majority of ICO/IEOs are like this.
If a brand new company was stupid enough to get scammed by a third party, then they deserve it.
And if you are stupid enough to invest in that kind of a project and you lose money, you deserve it.
Sounds harsh, but if a new company can't even handle their fundraising properly, then how on earth can they be successful later on.
People blame scammers, exchanges, bounty platforms and everything but don't realize the most basic thing:
The project was doomed before it even began.
It was doomed because of no innovation, no professional competency, no technical prowess, no business sense.
The vast majority of ICO/IEOs are like this.
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
ICO and IEO was the same in terms of fundraising method, the only improvement was only the security since the tokensale was made inside the exchange and the exchange acted like a escrow to the funds that raised from token offerings, While ICO fraud was continue to wreaking havoc on the ICO market, in the other hand IEO was already gaining ground from the heart of investors. No doubt IEO was the new rising star for fundraising in the crypto-space. But its different when IEO was made on the fraudulent and shady looking exchange i think thats the team own mistake.
Looks like you have misunderstood or you have written wrong. because what you have clear is a work process of the IEO program not ICO. if ICO all funds go to the development team, scam projects often occur due to the development team that is less responsible for their tasks.
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
ICO projects are not as good as you would expect, some investors will be more interested in IEO, because with IEO, investors have a guarantee that the coins or tokens will be listed on a definite exchanger.without a third party the DEVs of an ICO will be easily tempted by the funds collected from investors and become scammers without a plan.
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.
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
the party would have been going on still if those ICO were managed properly, there were escrows before they take them out of the picture. that's when they started groupoing a lot of these team doing ICO without escrows. there were some that ended quite good though. IEO is just going to make all these worse if all these small exchanges never been heard of are going to do IEO for some projects.
Well, then you should just stick to IEO's on reputable exchanges, it's not that hard.
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.
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.
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
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