Hello, I am new to blockchain and I stumbled on how successful Binance IEO is and the recent IEO conducted there, I witnessed how the coin price spiked after IEO. So i discovered that Latoken is about conducting an IEO. Is it a wise decision to invest?
Just because one IEO was very successful doesn't mean that other one will be as well. As long as there are so many IEO's out there, some will be good and some will be bad, there is literally zero ways to figure out if that IEO will be awesome or will be awful.
I do not remember too many IEO that failed, most of them get enough attention to grab millions of dollars, but that doesn't change the fact that some people will be just too greedy and instead of working hard and improving their project with the money they got so in the long term they will be richer thanks to their project being much more valuable, they just take the funding and either leave and scam exit, or simply the new method is doing nothing, so they are legally not screwing anyone, they are just "lazy".