What do you think about IEO (Initial Exchange Offering) - page 18.

cytpoway121

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Quote from: cytpoway121 on March 12, 2019, 08:47:17 AM

With recent happenings in crypto currency regarding token sale,
i think icos are beginning to find their feet because binance conducting the crowdfunding event for BitTorrent and Fetch.AI has raised the hyped again.

And now, Bittrex has also announced a crowdfunding event too, an IEO,

so can you give your opinion on whether IEO or ICO will survive on the long run

This is an addition, there are news now that the ieo scheduled for bittrex exchange (Raid project) has faked partnership

Is this a sign that ieo is not here to stay ?
Will situations like this affect the reputation of bittrex exchange ??

sujonali1819

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In my opinion I think it a great concept by binance and bittrex ( I am not sure about bittrex announced or not). And Ico can be destroyed by the IEO. Because people will give more importance IEO than Ico. Because exchange verify project before launch. So genarally people will trust IEO than Ico and scamming will be reduced .

vintages

full member

Activity: 966

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Both still focus on token purchase but the different is instead of the developers dispatching the coins, they give the tokens to the exchanges who will dispatch the tokens to investors.

One thing for sure is that; IEO do not guaranty that a shitcoins will not go down the drill when the time comes.

The con there is that, (1) investors will be free from scam developers who intend to steal from them.
2) Avoid littering their identity info through KYC in different websites. Since the exchange already have their information.

3) Since an exchange already have the token, listing won't be a problem. And also you get to choose on which project to invest in since many developers ends up listing coins in exchanges which are not even worth it.

If the token you intend to purchase is listed on Binance, you can take it as an additional plus. *Yet, it's not a guaranty that the coin will survive in the long run.

tabas

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We've seen it that despite of the market conditions, they are for a way to survive. Things might change in the future if these IEO won't buy the public.

xiahui135

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IEO is just a kind of ICO.
Exchange select the better program they think to list and do the coin offering. It is like Nasdaq which select good projects to be listed.

onetrinity

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What I can see with IEO is that the exchange will have a big share of the collected funds because you used their popularity to promote your ICO, instant exchange listing and used the exchange to collect funds so no need to create a platform for accepting crypto anymore. So it benefits both the coin dev team and the exchange team.

aundroid

legendary

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At the moment I know quite a few projects that had originally planned an ICO, but are now switching to an IEO.
But if you don't land cooperation with a large exchange with a lot of volume, the chances of success are pretty limited.

cytpoway121

member

Activity: 1540

Merit: 68

Quote from: Teraboy on March 12, 2019, 08:53:05 AM

Quote from: cytpoway121 on March 12, 2019, 08:47:17 AM

With recent happenings in crypto currency regarding token sale,
i think icos are beginning to find their feet because binance conducting the crowdfunding event for BitTorrent and Fetch.AI has raised the hyped again.

And now, Bittrex has also announced a crowdfunding event too, an IEO,

so can you give your opinion on whether IEO or ICO will survive on the long run

Basically, IEO is an ico which already verified by exchange site and that exchange site wanna create a cooperation with that ico. this just like a symbiosis mutualism. You must understand the definition from both of these things.

Thanks for the simple clarity, does that mean that both the exchange and the project conducting the ico have a mutual benefit?

if so, how does bittrex get a benefit? please do explain

Teraboy

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Activity: 2282

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Quote from: cytpoway121 on March 12, 2019, 08:47:17 AM

With recent happenings in crypto currency regarding token sale,
i think icos are beginning to find their feet because binance conducting the crowdfunding event for BitTorrent and Fetch.AI has raised the hyped again.

And now, Bittrex has also announced a crowdfunding event too, an IEO,

so can you give your opinion on whether IEO or ICO will survive on the long run

Basically, IEO is an ico which already verified by exchange site and that exchange site wanna create a cooperation with that ico. this just like a symbiosis mutualism. You must understand the definition from both of these things.

cytpoway121

member

Activity: 1540

Merit: 68

With recent happenings in crypto currency regarding token sale,
i think icos are beginning to find their feet because binance conducting the crowdfunding event for BitTorrent and Fetch.AI has raised the hyped again.

And now, Bittrex has also announced a crowdfunding event too, an IEO,

so can you give your opinion on whether IEO or ICO will survive on the long run

Topic: What do you think about IEO (Initial Exchange Offering) - page 18. (Read 4064 times)