Some IEOs could also turn out to be scam - page 4.

Sithara007

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Quote from: ?? on ??

if IEO is carried out in large exchanges like Binance, Bittrex or Kucoin you don't need to worry,
because the quality of the project can also be proven, but if IEO is carried out in several markets that don't have a lot of trading volume I don't guarantee it will be okay,
for example Harmony project is able to compete at the Binance market

There is no guarantee for any IEO or ICO, even if they are getting listed in exchanges such as Binance or Huobi. After all, these exchanges care only about money. Even if some of the projects get rejected after the initial round of screening, if the team puts up a sweetened offer, then I don't think that the exchanges will refuse. I have checked the recent IEOs that are listed in Binance. Many of them looks like scams. Just because a project is listed in the major exchanges, you can't go ahead and invest in them. For each and every project in which you intend to invest, careful research needs to be done. Study the whitepaper thoroughly and get information on the team members before making any big moves.

otto93

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If you ask me even the big exchangeshave held IEO'S and the result is not as good as that of the smaller exchanges results. As an individual I always look very carefully before I leap unto an IEO in the first place.
I can not give my hard earned money to any fraud

The Cryptovator

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Usually any reputed exchange will not launch IEO with any likely project. Because their main business is trading so they won't loss their traders. That's why they will do their best diligence on the project. But still there is no guaranty that you will get profits, still you might loss fund due dump. On the other hand, some exchange even listing token with fake team, so how we could expect good output from them. To be honest they don't care about their traders. They don't like to protect their traders. They just need money, so they will list even with fake team. Means you are going to lose fund you if invest such as project. And yes, still you might get scam if token launch on shady exchange.

ecnalubma

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

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.

Exactly! but even a reputable exchanges cannot filter out the right one, unless they're only after the money. IEO's reputation can still be question its just a rebrand of ICO, investors shouldn't trust it a 100%. In my opinion it is better that exchanges should look if the certain project have passed government regulations and check for redflags before deciding to list it on their platform.

jcpone

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This is what I had observed, IEO before it become trending, I could say that it was good and profitable. But when it became trending most investor together with the bounty hunters found an alternative replacement for ICO, and because of this IEO suddenly became popular, however, while IEO got the trust of the investors the scammer also found a way how to scam the investors again. Since most of the investors got the mindset that IEO was a trusted one also the bounty hunters too the scammer get entered into IEO to use it to victim those people who mindset that IEO is good and profitable, but the exchange they usually used was the small and unknown exchange in the market. And this is what happened so far, were most of the community are not aware of this.

jets567

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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.

Very well said OP, take for example on LAToken since they are well-know exchange these days but still they launched an IEO scam projects that led their user to not trust the exchange so how come if it's a new exchange launching an IEO. it is always recommended to do your own due dilligence before investing on any project nowadays.

minairia3

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Quote from: ?? on ??

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 turns out that some of IEOs are also scam. It is not preferable to invest in IEOs and ICOs nowadays due to its high risks. It is better if we will just invest in trading or some mutual funds.

Then what is still youre doing here? Wearing some signature for an IEO project? Dont be a nasty kid, IEOs are more profitable and than normal stocks and mutual fund method of investment. Yes some IEO are not that great, but as an investor would you invest in low known exchange? Be wiser when doing an IEO. If you cant participate on a big exchange, try again next time not waste youre time on low exchange IEOs trust me there's a chance of manipulation there.

Endikadija

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Quote from: zeze18 on October 07, 2019, 09:56:35 AM

Quote from: Impaler on October 07, 2019, 09:24:48 AM

Yes it could be. You can trust anything in this space. Normally ieos are in big exchanges is very rare chance to be scams. But in mid and small exchange which ieos are offered can be scammed.

Is the ticket system IEO in big exchange can qualified as an IEO ? Since the one who get the coins is the one who has lot of balance and lot of luck.
I think the exclusivity of the coin make the price going high

Don't you even think if the main aim from exchange site use lottery system is to make sure IEO will put fairness as the main priority?
It's not about the exclusivity to the coin but some pumpers can load a few percents from the total amount that already offered on IEO. That's the main concern in this case.
People with a lot of balances don't mean that people can get in the ICO instantly but these people are only increasing its chance from getting more ticket.

pelumi20

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However, even Binance has been compelled to delist coins whose developers dropped the project or stopped to enthusiasm for investors, which implies that even the help of an exceptionally renowned exchange isn't a trustworthy assurance that either project will have extraordinary accomplishment in the long haul, that is the reason it doesn't make a difference who underwrites or supporters an IEO, we ought to consistently know that the conceivable outcomes of enduring misfortunes are characteristic to this sort of investment, so in any event, when investing in Binance just we should invest the capital that we can bear to lose.

royalfestus

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Quote from: acoin2000 on October 07, 2019, 02:02:02 PM

I don't think that IEO projects may be fraudulent or scam, scam projects always go into ICO, you can not run IEO with KYC.

I think you might need to look into IEOs from some small exchanges even in this year, asides not making softcap they went away with the fund raised, exchange involved had refused to respond.The big exchanges IEOs review showed a bad ROI for the year except for those dumped immediately after listing. The advantage of getting an exchange list had deceived many investors.

acoin2000

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I don't think that IEO projects may be fraudulent or scam, scam projects always go into ICO, you can not run IEO with KYC.

zeze18

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Quote from: Impaler on October 07, 2019, 09:24:48 AM

Yes it could be. You can trust anything in this space. Normally ieos are in big exchanges is very rare chance to be scams. But in mid and small exchange which ieos are offered can be scammed.

Is the ticket system IEO in big exchange can qualified as an IEO ? Since the one who get the coins is the one who has lot of balance and lot of luck.
I think the exclusivity of the coin make the price going high

Impaler

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Yes it could be. You can trust anything in this space. Normally ieos are in big exchanges is very rare chance to be scams. But in mid and small exchange which ieos are offered can be scammed.

cryptothreads

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Quote from: confreslamp on October 07, 2019, 03:21:32 AM

I would not trust any project that is live at the moment, and those that are listed on exchanges are not better. Just remember token sales that were held on Probit, Latoken, Exmarkets, some of them just disappeared after collecting funds.

These are the exchanges with the highest number of IEO projects in this market and more than 95% of the projects do not have a clear development and investors will never invest if it is a bad project. Most of these coins have no investors and the value is always lower than IEO so if you choose to invest it will be very risky for you. Currently, you should only trust good exchanges such as Okex, Huobi because these are two exchanges with many good IEO projects and will help you avoid more risks in investment.

In addition, you can also consider buying for twice the price if it is a good project and interested in the community.

confreslamp

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I would not trust any project that is live at the moment, and those that are listed on exchanges are not better. Just remember token sales that were held on Probit, Latoken, Exmarkets, some of them just disappeared after collecting funds.

linkingt

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IEO so far only helps campaigns to quickly raise our funds.Some IEOs will turn into a scam not all.it can turn into a scam of cryptocurrency.but safest way is to choose a large and good exchanges.Everything can happen in investment.so its better to always investigate any IEO project before investing .

Dread Pirate Roberts

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there are so many coins that end up scamming and not giving much profit or just giving a big loss. and there are also many factors that influence it, such as if you participate in the wrong time or are late in investing or indeed the project really fails. If we do not know what project is better not to just spend money on unknown projects. it's more like wasting money.

kram31

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Every public sales of any crypto project can be a scam.
Even a project go for an IEO list on an exchange called BINANCE or OKEX it can turn out to be a scam.
Everything is possible as long as we dont see the project successful and listed on a great exchange doing trades.

jozymens7

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There are many of such projects that are being run on some exchanges like latoken and its similar sister sites. These day, no due diligence is done again when IEOs started. What exchanges are best at is that they charge huge and conduct the ieo as far as they pay the said amount to them. This shouldn't have been the case because some projects that scammed its members during the ICO time are coming back to pay to conduct IEOs to get the IEO season's money.

kramchers

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How can you trust a new exchange that will do an IEO?
Investors are very smart now as what happened to ICO before, they will always go to better and big exchanges if they will invest money to a project.
This IEO will make rich a richer one.

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