Some IEOs could also turn out to be scam - page 10.

z21770179

sr. member

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Quote from: Broiler78 on June 11, 2019, 11:05:58 AM

at the moment I have not found a scam IEO, but IEOs that have not reached my target often see it and as a result the price is getting cheaper. maybe the IEO like that lack of investors and also the team lacks experience in their field.

IEO wants scam or no longer depends on exchange listed it. As simple as small exchange also IEO, the possibility of losses on such IEO projects will be very large, because such exchange does not have a large volume to pump after the end of IEO.

Deallove9

copper member

Activity: 168

Merit: 0

Yes some ieo may be scam but I really think it will be hard to get away with the funds as the exchange that conduct the ieo will hold the funds for some reason and will be the one to account for such act , so the coin will get listed and be tradeable on the exchange so I cant really be a scam project only if it does not follow its roadmap and the product it wanted to produce for the benefit of the user.

iancortis

full member

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I've read some of above comments here, so i conclude that even big exchanges and a most trusted market accepts malicious projects and make people crying in the long run. so, much better to make a wise decisions in our own study when getting or engaging in investments with IEO or ICO ways.

Kulitha

member

Activity: 644

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I think because of spam ICOs people lost faith about entire ICO market. But with IEO people have faith about reputation about exchange. So investors will safely invest on IEOs those launch on good exchanges. IEO market will be survive more time than ICO market.

Emilyp

member

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IEO can only turn out to be scam if the exchange offering the ieo fails to do the necessary diligence in the choice of project they support. But the chance of such happening is very slim.

anggracoin

member

Activity: 490

Merit: 10

freelanex.io

Not all IEOs will bring benefits, only good projects and in good exchanges that investors will pursue. Fraudsters will always be present when there is a gap to do so, including in the IEO.

AmoreJaz

legendary

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Leading Crypto Sports Betting & Casino Platform

you will expect that this is another level of scamming people. and now it is tied-up with the exchange. more then likely, you will find it in new and small exchanges holding their own IEOs. and since it is the new hype in town, everyone wants to have their ieo launch pad.
people should not bite the bait easily. do their own due diligence first...

Koobtcgal

full member

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Acewins.io

With the rise of almost all exchange sites doing IEO, I think the ICO scam has turned to be the IEO we hear of these days so no new thing has been done. I know of exchange that do IEOs that don't have any good effect on the project or to the investor. The only thing is that in an IEO, the coins are sold on the exchange instead of waiting for coins to be distributed or unlocked after tokensale

sandra_x

member

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Rightly said, a scam exchange will have no problems conducting a scam IEO,which essentially will not be different if the project was an ICO.These is nothing stopping a fraudulent team even dumping their own coin on the exchange.

Goodvalony

member

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Merit: 16

you made a good point there. most New exchanges are after the money. that is why they conduct IEO multiple times. one exchange conducted an IEO of a project without clearly verifying the identity of the project owners. it is a clear sign of money been paid to avoid much attention. any exchange that happen to be a victim wil not only damage its reputation but might loose all his customers.

TimeTeller

hero member

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Quote from: Jatawneh on June 10, 2019, 07:32:39 AM

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

Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity,

I agree that good exchange will not conduct any project any how, they will make sure of the project and team legitimacy, in fact, I will not invest in any project because it is holding its IEO in strong exchange that is not enough grantee, I should do my home work and study project, team and the case use of coin before joining,

You are very right with your perspective regarding IEOs.
An IEO in famous exchange does not guarantee that you will not have losses with your investments.
For instance, just because it is under BNB or Bittrex, you will not do your own investigation of the project you want to invest with.
For your investment's sake, you should also diligently study the project and not totally rely on the reputation of the exchange.
I have seen projects that decline its value even if their IEO was launched in BNB.

odukoyaewatomi27

member

Activity: 536

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I think the main reason why IEO are gaining investors is because it is more safer and less prone to scam like ICOs. Exchanges guarantees the legality of these projects, and it is reputable exchanges that can be trusted with that because they have their integrity at stake if they promote scam IEOs, but small and new exchanges might be compromised if they get huge money offer from the scammers.

Kay94

member

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Merit: 10

Scam is unavoidable in all spheres of our life so we need to prepare psychology in order to face scams. So far I think IEOs haven't reported any incidence of scam yet unlike ICOs time.

cepot9

full member

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Cryptocurrency addict | Invest at your own risk.

looking for a pretty good project and the possibility of success is indeed quite easy through investing in the IEO, we must look for a good, large and trusted exchange, we will invest in the IEO project that works with it, but this is your choice and not a suggestion.

motienvolam

member

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I love my wife and my little girl

Scam is unavoidable and essential parts of human life, as well as in crypto, so we should face with scams by preparing ourselves enough knowledge, skills, and emotional control in order to avoid investment mistakes in scam projects. For now, to avoid invest in scam IEOs. It's hard to generalize all things, but in another topic, I thought that I raised basic steps to avoid potential scam IEOs. The more careful steps we do before investing, the less odds to invest in scam IEOs.

Quote from: motienvolam on June 11, 2019, 08:39:07 AM

IEO is another risky trend in crypto, after ICO trend in 2017. IMO, to invest in IEOs, if you want, you should take into consideration some following factors of exchanges that run their IEOs:
- Reliability due to their history till the open of their IEOs. Young exchanges don't have long history enough to assess their reliability.
- Total volume of exchange. High or medium volume is good enough.
- Past initiatives of exchange's CEO and team. How fast they response to hot trends in crypto, and how they lead the crypto trends (like Binance did many times)

Broiler78

copper member

Activity: 168

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at the moment I have not found a scam IEO, but IEOs that have not reached my target often see it and as a result the price is getting cheaper. maybe the IEO like that lack of investors and also the team lacks experience in their field.

Aqcizromencez

member

Activity: 486

Merit: 10

maybe the risk is smaller when compared to ICO and we still have to be careful and choose a big exchange and research the project as well as possible before investing, because where there is an opportunity, the fraudsters will try to enter.

BossJames042

newbie

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Merit: 0

To a large extent I share your analysis, but that is not to say that we may not have one or two projects who may capitalise on this perceived positives or strengths of established exchanges or top exchanges as you may call it, and float scam projects. We never can tell, so in as much as the incidences of scam IEO projects might be reduced on top exchanges like binance etc, we cannot totally rule them out.

Dpat

copper member

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Merit: 3

Very few IEOs are scam maybe 0.5%. But, not like the ICOs. In 2018 there are many ICOs were fake and scam but now the IEO evolved because of this habit of the ICOs. The first IEO that came was in 2017 that is EON coin. Looking at the fake percentage we can even trust the IEOs more than ever.

sky_Gritzz

full member

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Quote from: dobolspeed3 on June 09, 2019, 10:26:14 PM

Not all IEOs are good and provide benefits if you invest. Because projects and exchanges usually affect investors' interest to invest. So if a small exchange of course investors do not want to invest because it is very risky. Unlike the case with large exchanges.

yeah that's why small exchange are not recomended to investor investing their money, even their fund are escrowed by exchange but the project is not guarante are ended successfully

Topic: Some IEOs could also turn out to be scam - page 10. (Read 13140 times)