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Topic: Scammers will go after IEO soon (Read 1116 times)

jr. member
Activity: 126
Merit: 1
April 17, 2019, 02:30:50 AM
Sure but even with this an average investor will soon prefer IEO to ICO because of instant liquidity. What will bring downfall of ICO is if exchanges are not doing much to vet project team and if this happens often, it will surely dent the image of the exchange.
member
Activity: 300
Merit: 11
FRX: Ferocious Alpha
April 16, 2019, 09:59:43 PM
IEO to me is just another get rich quick strategy which will soon evaporated like a vapour,beware,do not be deceived.
jr. member
Activity: 309
Merit: 1
April 16, 2019, 09:59:24 PM
right. IEO only appears in seconds. So it's human or robot. The IEO has become a new trend for pre-death money. But whether it is long or not. We should be cautious when participating.
full member
Activity: 2324
Merit: 175
April 16, 2019, 09:54:17 PM
Very soon scammers will find ways to make IEO their new source of scamming innocent people ,newbies especially please be on watch out and thread carefully ,invest only in IEOs that are launched on popular exchanges
-----Scam ideas that might be possible from my thoughts
1) very soon scammers will start building new exchanges just to lure victims
2) And through these exchanges they will start promoting Fake IEO projects just to make investors invest there hard earned cash and bang they will disappeared in thin air.
Remember that huge money are made through IEO this days and hardcap are easily met so be on the watch out ,scammers will surely do there best.I believe IEO is a effect way of investment in 2019 and so far so good ,many IEOs already double up or even triple up there IEO price per token and its a very good sign .thanks

That would take them a long time to establish an exchange,  and gain investor's trust the competition is to stiff among exchange, so you will build an exchange that will take you years to build to scam people when establishing a good exchange is much more profitable I'm not saying it's unlikely but what you say could happen.
sr. member
Activity: 841
Merit: 251
April 16, 2019, 09:36:50 PM
Yes this thing might happen sooner or later but IEO token sale is not easy to go for, IEO is live on an exchange and think that IEO in a good exchange not and easy target for crypto scammers. EXCHANGES  have standard before go on the deal. I guess exchange like binance have kyc before getting a deal to the other team. So scammers cant go that far. Maybe they find poor exchange to run their token sale
full member
Activity: 882
Merit: 104
April 16, 2019, 07:47:32 PM
Very soon scammers will find ways to make IEO their new source of scamming innocent people ,newbies especially please be on watch out and thread carefully ,invest only in IEOs that are launched on popular exchanges
-----Scam ideas that might be possible from my thoughts
1) very soon scammers will start building new exchanges just to lure victims
2) And through these exchanges they will start promoting Fake IEO projects just to make investors invest there hard earned cash and bang they will disappeared in thin air.
Remember that huge money are made through IEO this days and hardcap are easily met so be on the watch out ,scammers will surely do there best.I believe IEO is a effect way of investment in 2019 and so far so good ,many IEOs already double up or even triple up there IEO price per token and its a very good sign .thanks
That's true and really sad if that happen that some scammer will have another way to steal peoples assets. So we need to be ready and be careful for every project that we want to participate because we don't know when and where scammer will be attack. Investor need more research about project that have IEO so they can know if this project worthy.
full member
Activity: 602
Merit: 100
April 16, 2019, 07:41:34 PM

It is not so easy to build a new reputable exchange and do scamming the IEOs , I do not believe in that is a threat. Why would existing exchanges destroy their reputation with fake IEOs ? There are many new projects out there and they can earn on them on many ways, no need to cheat on them.
hero member
Activity: 1358
Merit: 509
April 16, 2019, 08:27:07 AM
Scammers are really annoying because they are everywhere. This makes us always have to be vigilant and not easily follow the IEO, but keep checking. Strict regulations must of course be increased to limit the movement of fraudsters.
scammer have several ways to  rob our money.if we want to put our money in any place, we have to check it several times and make sure this is correct place for us.
Having a safe plan for protecting the investment can prevent scammers to touch your personal belongings. It happened several times by big hacker groups to attack the known exchanges and rob other people's money.
jr. member
Activity: 602
Merit: 2
April 16, 2019, 08:25:46 AM
I think you should not believe only one system. Turn around very soon fraudsters will get there. Guarantee 100% success we can not give no one. Let's say the project was too inflated received a lot of investment. But in fact, the project is not suitable for the market. And all who are guilty swapped? Well, let's ask him.
jr. member
Activity: 574
Merit: 2
April 16, 2019, 08:17:17 AM
Very soon scammers will find ways to make IEO their new source of scamming innocent people ,newbies especially please be on watch out and thread carefully ,invest only in IEOs that are launched on popular exchanges
-----Scam ideas that might be possible from my thoughts
1) very soon scammers will start building new exchanges just to lure victims
2) And through these exchanges they will start promoting Fake IEO projects just to make investors invest there hard earned cash and bang they will disappeared in thin air.
Remember that huge money are made through IEO this days and hardcap are easily met so be on the watch out ,scammers will surely do there best.I believe IEO is a effect way of investment in 2019 and so far so good ,many IEOs already double up or even triple up there IEO price per token and its a very good sign .thanks

Lol
A certainty and they are already there
Did you witness the massive dump of veriblock token ?
It’s just a tip of iceberg I believe

Let’s see what the future of ieos brings
sr. member
Activity: 1218
Merit: 251
April 16, 2019, 08:05:40 AM
there have been too many IEOs that have sprung up, I'm sure investors are good at choosing good and real projects. The IEO is indeed very popular because the sweet roadmap guarantees that the coin can be exchanged immediately
full member
Activity: 381
Merit: 101
April 16, 2019, 04:38:20 AM
Scammers are really annoying because they are everywhere. This makes us always have to be vigilant and not easily follow the IEO, but keep checking. Strict regulations must of course be increased to limit the movement of fraudsters.
I think that successful and well-established exchanges are unlikely to add projects that are associated with the Scam , I think if in the future and go to the ieo only on good exchanges

Since the IEO has scammers, they still follow the old way of texting people who want to invest in IEO just like the time when ICO is at its peak. I think investors should avoid fomo investing in IEO at small exchange
That why we should invest on what exchanges that IEO will be executed. Some small or big exchanges that support scam projects most likely will receive a very bad reputation and im hope those exchanges will be tag as a bad exchanges that can make investors know that they must stay away from that exchanges. This way any exchanges will take serious on this so their exchanges will not take any change to get a bad reputation.
sr. member
Activity: 474
Merit: 250
April 16, 2019, 03:59:47 AM
Scammers are really annoying because they are everywhere. This makes us always have to be vigilant and not easily follow the IEO, but keep checking. Strict regulations must of course be increased to limit the movement of fraudsters.
I think that successful and well-established exchanges are unlikely to add projects that are associated with the Scam , I think if in the future and go to the ieo only on good exchanges

Since the IEO has scammers, they still follow the old way of texting people who want to invest in IEO just like the time when ICO is at its peak. I think investors should avoid fomo investing in IEO at small exchange
legendary
Activity: 3150
Merit: 1148
Fully Regulated Crypto Casino
April 16, 2019, 02:04:42 AM
You have actually made a good point concerning IEO, in recent months scammers are flooding in with new exchanges and all of this exchanges is to scam investors,one need to be on guide in respect to what investment or project to invest in and which exchange to use when it comes to IEO. 
You will not get scam if you will not invest on not reputable exchange.
Binance is constantly launching a new project, you can invest with them, or just by that coin when it's already live.
Though only few projects are existing now because of this IEO, but this is the right thing to happen in the market as we are full of scams last year.
member
Activity: 406
Merit: 10
April 16, 2019, 01:36:24 AM
You have actually made a good point concerning IEO, in recent months scammers are flooding in with new exchanges and all of this exchanges is to scam investors,one need to be on guide in respect to what investment or project to invest in and which exchange to use when it comes to IEO. 
hero member
Activity: 2870
Merit: 594
April 16, 2019, 01:17:37 AM
Of course, it will. Scammers will find a way to cheat and exchanges with new IEO projects. Providing scammers to the exchange with quality documents is not a problem, and in the exchanges there is no law enforcement capacity to conduct a quality check of the team members of such an IEO. Therefore, in the future, we are still waiting for loud scandals on exchanges with fraudulent IEO and the popularity of a new type of fundraising through the exchanges will also fall.

I'm pretty sure that exchanges before accepting IEO are doing their due diligence. Bittrex for instance, cancelled their first IEO, RAID because it was a scam. Those exchanges that are launching IEO are mostly top exchanges, so I doubt that they are going to ruin their reputations by listing scam projects.

Most likely you should not reinvent the wheel. We need government regulation of ICO, which will save this convenient and simple form of fund-raising from fraud.

Everything in life evolves. If ICO model has flawed, it's just about time that we need to re-invent the wheel. "If ain't broke, don't fix it", but we all know that ICO is very flawed at the beginning that's why it needed some fix.
hero member
Activity: 1316
Merit: 514
April 16, 2019, 12:51:55 AM
Every successful story attracts mean and deceiving people. IEOs has been attracting a lot of money since its start and it will fade away after some time and they know it, so they will try to capitalize on a current state of those fundraising campaigns. However, I think many investors have become much more aware of their actions and only a tiny fraction will fall for those shady deals. Danger is never going to leave the digital network and we have to deal with it by staying cautious and not giving them any chance of tricking us. It is not going to end, but minimizing an amount of chaters will make the whole market look more serious and ready for some serious investments Wink.

Since many exchange now offers IEO for every coins that can pay, its only a matter of time when scammers will finds its way to IEO market soon.

ICO is dying and scammers are now thirsty of more money and soon they will be able to find a way to get listed in different IEO platform
member
Activity: 470
Merit: 12
April 13, 2019, 06:44:26 PM
Every successful story attracts mean and deceiving people. IEOs has been attracting a lot of money since its start and it will fade away after some time and they know it, so they will try to capitalize on a current state of those fundraising campaigns. However, I think many investors have become much more aware of their actions and only a tiny fraction will fall for those shady deals. Danger is never going to leave the digital network and we have to deal with it by staying cautious and not giving them any chance of tricking us. It is not going to end, but minimizing an amount of chaters will make the whole market look more serious and ready for some serious investments Wink.
jr. member
Activity: 308
Merit: 1
Free Crypto in Stake.com Telegram t.me/StakeCasino
April 13, 2019, 03:54:27 PM
Scammers are really annoying because they are everywhere. This makes us always have to be vigilant and not easily follow the IEO, but keep checking. Strict regulations must of course be increased to limit the movement of fraudsters.
I think that successful and well-established exchanges are unlikely to add projects that are associated with the Scam , I think if in the future and go to the ieo only on good exchanges
full member
Activity: 364
Merit: 100
April 13, 2019, 03:36:00 PM
Of course, it will. Scammers will find a way to cheat and exchanges with new IEO projects. Providing scammers to the exchange with quality documents is not a problem, and in the exchanges there is no law enforcement capacity to conduct a quality check of the team members of such an IEO. Therefore, in the future, we are still waiting for loud scandals on exchanges with fraudulent IEO and the popularity of a new type of fundraising through the exchanges will also fall.
Most likely you should not reinvent the wheel. We need government regulation of ICO, which will save this convenient and simple form of fund-raising from fraud.
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