Some IEOs could also turn out to be scam

anjiitem

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Quote from: makolz26 on January 16, 2020, 12:18:13 PM

Quote from: valuater on January 16, 2020, 12:10:10 PM

ieo which makes scams mostly come from unclear markets and those using fake volumes such as ieo from latoken, p2pb, exmarket, probit, coineal and for those holding on major exchanges so far it is still safe but most of them have pump and dump schemes but this is just in my opinion or indeed it is a strategy of the project or exchange that organizes but this is in my opinion better than exit scam.

Hope that those exchanges will also pay the consequence for listing a scam project, as they are the ones who supposed to investigate with the project they are listing and making sure that they are not listing scam as this will affect their reputation, so it's really bad to see those exchanges that don't care at all , means they are also scam.

When many scams projects are listed in an exchange it will certainly damage the reputation of the exchange and many people will start leaving because of the many scammers. But I think maybe a scam will still be there because maybe there will be a number of scam projects listed in the exchange and what we have to pay attention to is, how do we choose and be careful of every choice we will make.

Nezerlan

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I think new exchanges need to be scrutinized well before joining them in their IEO. Most new exchanges don't care for investors. They just collect money from devs and then run shady token sales and list their shitty coins on their exchange. A good example is Bluenote that had its IEO on Dobitrade or was it Dobiexchange? The ceo has exit scammed over a year ago now

makolz26

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Quote from: valuater on January 16, 2020, 12:10:10 PM

ieo which makes scams mostly come from unclear markets and those using fake volumes such as ieo from latoken, p2pb, exmarket, probit, coineal and for those holding on major exchanges so far it is still safe but most of them have pump and dump schemes but this is just in my opinion or indeed it is a strategy of the project or exchange that organizes but this is in my opinion better than exit scam.

Hope that those exchanges will also pay the consequence for listing a scam project, as they are the ones who supposed to investigate with the project they are listing and making sure that they are not listing scam as this will affect their reputation, so it's really bad to see those exchanges that don't care at all , means they are also scam.

valuater

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ieo which makes scams mostly come from unclear markets and those using fake volumes such as ieo from latoken, p2pb, exmarket, probit, coineal and for those holding on major exchanges so far it is still safe but most of them have pump and dump schemes but this is just in my opinion or indeed it is a strategy of the project or exchange that organizes but this is in my opinion better than exit scam.

ije07

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yes, the main reason why IEO is very interested in investors is because the risk of fraud in IEO is smaller when compared to ICO. and of course investors will not do that in IEO which is listed on a small exchange. such as Binence is a large exchange and investors prefer to take part in IEOs that are already listed on large exchanges.

isaac_clarke22

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A team could comply from the requirements of the exchange. Let's eliminate that it is a scam project. Let's say that it is legitimate one. Does being a legitimate project promise that it will be a profitable in the end, or it is just gonna be another dead coin in the end?
I think Binance Launchpad could help people to invest in IEOs though, because it covers the upcoming projects also.

Kambal2000

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Quote from: Nickz46 on January 16, 2020, 11:19:24 AM

Actually there is no such things that can prove and guarantee that the IEO has no fraud committed. The IEO and ICO do have the same purpose but only different ways of selling tokens. Of the many IEOs, of course we cannot conclude that all IEOs are fraudulent. Just like ICO not all the projects there was scam so definitely in the IEO. So to be sure, be in the project that can gives you a good investment in retirn like the ACI COIN Tokens. Cryptomarket was really indulging for having a hood investment. It's just the matter of fact that we always need to be careful before investing in the IEO nor the ICO to avoid being scammed.

Correct and having IEO doesn't really mean that they are legit one, as there's a lot of scam projects out there running an IEO in a not good exchange and it's really ashamed and pity that there are exchange who were just after the money that they collected and running IEO of a project that they don't search much about the background.

Nickz46

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Actually there is no such things that can prove and guarantee that the IEO has no fraud committed. The IEO and ICO do have the same purpose but only different ways of selling tokens. Of the many IEOs, of course we cannot conclude that all IEOs are fraudulent. Just like ICO not all the projects there was scam so definitely in the IEO. So to be sure, be in the project that can gives you a good investment in retirn like the ACI COIN Tokens. Cryptomarket was really indulging for having a hood investment. It's just the matter of fact that we always need to be careful before investing in the IEO nor the ICO to avoid being scammed.

Pinkris128

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Quote from: pelumi20 on May 31, 2019, 10:42:46 AM

As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.

It will be on you if you're gonna trust the platform or not. It is always risky to invest in anything but it doesn't mean you will stop. Exchanges might just focus on the profit rather than to the success of the project but it doesn't always mean that the project will fail or a scam. IEOs also do not assure to earn a high profit or else it will be too good to be true. Set aside your trust in the platform and research more about the project instead.

stephanirain

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Quote from: pelumi20 on May 31, 2019, 10:42:46 AM

As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.

Indeed, not all IEOs have great profit, and not all listed on the project are legit or profitable. There's no east or absolute way of earning a lot because the market is as dynamic as it is. IEOs could help or further ruin the reputation of the industry but of course I hope it is the former. Any playform could promote a scam project so putting the trust in the platform is the risk that investors must take if they want to participate in this new trend in the market.

19Nov16

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Quote from: 10c on October 13, 2019, 02:59:16 PM

Quote from: Patrix_1 on October 13, 2019, 01:45:16 PM

Especially, if you are taking part in IEOs on bad exchanges like Exmarkets or Probit. Such exchanges are unable to provide a solid amount of buyers and are not really checking the project before launching a sale, so it can easily be scam as well.

I also don’t trust such exchanges either, but still, projects that go to such exchanges are better than those that don’t appear anywhere and just don’t make any news

Scammers will always look for weaknesses to convince investors from IEOs, as long as there are no strict regulations, there will always be a chance to become a fraud.

carriebee

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Quote from: pelumi20 on May 31, 2019, 10:42:46 AM

As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.

Maybe it's not intentional to promote a scam project of this exchanges and I think they search all details of the project before thay accept or launch in their exchange. Of course they want to maintain what people see to their exchange, so they be sure every project that they introduce in the people. If that project turns to scam its not the fault of exchange and I think they will kick immediately that project if they will discover that project is suspicious doing.

TrevorS

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Quote from: Free1bitco.in on October 13, 2019, 04:51:34 PM

well, markets like binance or another popular market must do research before conducting IEO in their market. that's why I prefer to support projects that are in popular markets rather than new markets, or less popular. that's because of quality. I am sure that the binance class market will hold a fake IEO. I think they will do the research up to the team even whitepaper. although that doesn't guarantee a profit, at the very least, the team will most likely be very serious about developing their project.

Large exchanges maintain a good level of hype around their new projects. Thus, support is provided from all sides, which allows to attract public attention with maximum amplitude.
Everyone wants to participate in the project because of the good markenig that the project surrounds even before the sale. As a result, this leads to the fact that demand significantly exceeds supply.

Savemore

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Quote from: pelumi20 on May 31, 2019, 10:42:46 AM

As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.

There is a high risks in making investment in IEO and ICOs so it is better if we will stay out of it. There are now many people who got scammed specially in ICOs and it is the reason why we should be smart when we are investing.

Free1bitco.in

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Quote from: Ferris419 on October 10, 2019, 07:13:29 AM

Quote from: Arsenyo on October 10, 2019, 05:53:32 AM

There is always such a possibility. I like IEO's and trust them more than ICO's, but only if IEO is conducted on trusted exchange, for example Binance. But even then you can be scammed, as no one can guarantee you that this or that project isn't a scam. Everything can happen, even on a major exchange.

I don't think Binance will conduct a scam IEO ever. Look at their every IEO projects, all have unique technology with unique product idea! BitTorrent, Harmony, Matic, Elrond all are great invention of this year. After Binance, I would prefer to look at Gateio IEO projects. All are very successful and doing very good for the crypto industry. Though Perlin, Data protocol IEO wasn't enough success on Binance Launchpad yet those projects are great!

well, markets like binance or another popular market must do research before conducting IEO in their market. that's why I prefer to support projects that are in popular markets rather than new markets, or less popular. that's because of quality. I am sure that the binance class market will hold a fake IEO. I think they will do the research up to the team even whitepaper. although that doesn't guarantee a profit, at the very least, the team will most likely be very serious about developing their project.

nanaimogold

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Quote from: pelumi20 on May 31, 2019, 10:42:46 AM

As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.

Maybe so! I remember some projects like CMA accusing IDAX of scam and then I remembered I have not really come accross a successful IEO from the exchange. While that may not be absolute, the purpose of IEOs was to eliminate scams from project developers during fund raising and I think that aim was achieved. So generally, IEOs went on fine

leatutz

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Quote from: pelumi20 on May 31, 2019, 10:42:46 AM

As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.

Some IEO doesn't require huge funds, although any new projects doesn't need millions millions USD to build service. In 2018 so many projects launch one app and fund rise 10 millions. Same wrong paths is choosing new exchange, for few updates new exchange is helping scam projects.

10c

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Quote from: Patrix_1 on October 13, 2019, 01:45:16 PM

Especially, if you are taking part in IEOs on bad exchanges like Exmarkets or Probit. Such exchanges are unable to provide a solid amount of buyers and are not really checking the project before launching a sale, so it can easily be scam as well.

I also don’t trust such exchanges either, but still, projects that go to such exchanges are better than those that don’t appear anywhere and just don’t make any news

Patrix_1

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Especially, if you are taking part in IEOs on bad exchanges like Exmarkets or Probit. Such exchanges are unable to provide a solid amount of buyers and are not really checking the project before launching a sale, so it can easily be scam as well.

randegibran

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Almost IEO listed with big market is not scam, just have lower price under how price on IEO time, maybe can back to higher price than IEO and maybe can be lower than IEO, how team and owner of IEO want to see with their IEO coin, if want to higher price they re investing and buy back their IEO coin.

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