What do you think about the first IEO-STO hybrid - Security Token Exchange Offer

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: alexforneus on October 16, 2019, 08:54:28 AM

People are trying to invent new ways of collecting money

More like new ways of scamming, or better to say, rebranding old scams when they get too stale and no one gets fooled anymore. Essentially it's all still the same - people ask for money from strangers, and promise to deliver a product in a few years, except there's nothing that legally binds them to deliver it, so they can just quietly move on after a year or two. Nothing good will come from IEO, STO and all other offerings.

Herbert2020

legendary

Activity: 1946

Merit: 1137

haha, it doesn't matter how many times the name changes or how many letters in that abbreviation is. in the end the product is the same shitty useless token that is not used at all for anything except fund raising and scamming newbies.
in fact that is the main reason why the subsequent scams called STO and then IEOs couldn't live any longer than a couple of months unlike the original scam ICO that lasted for over a year. each name change only sustains the scam for a shorter and shorter time.

alexforneus

jr. member

Activity: 140

Merit: 2

People are trying to invent new ways of collecting money

vanya.pronin.1983

member

Activity: 378

Merit: 10

I believe it is a good name but without any purpose. You can name a token sale in any way that you prefer, but if there is no product that has value, it won't bring any additional benefits and won't attract more audience.

bigcash2011

sr. member

Activity: 1442

Merit: 265

I think stos fit more into ieo category because nowadays due to regulators stos are required complete kyc from investors while exchanges already have user/investor data which can make the participation in an sto hassle free and without the need to pass kyc verification again, i think this match is near to perfect and i agree that such a thing should have been on a bigger exchange to make it more mainstream and successful.

CryptoTrue

newbie

Activity: 48

Merit: 0

Cointelegraph writes about STEO https://cointelegraph.com/news/a-new-trend-in-crypto-funding-campaigns-companies-resorting-to-ieos

confreslamp

copper member

Activity: 280

Merit: 1

CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM

They had an awesome market team Cheesy

There is no way of making a name more hype name than Security Token Exchange Offering. Anyway, it would not bring much, if this STEO is not held by the biggest exchanges like Huobi.

mendra_2009

full member

Activity: 429

Merit: 100

Interesting. But, what about IEO's previous performance on IDCM exchange?
Are their participants satisfied or feeling REKT?

Honestly, this is my first time hearing this exchange. Also, I think this is the first time and maybe this is the only project that do an IEO-STO Hybrid.

Decksperiment

sr. member

Activity: 630

Merit: 250

I guess most investors wouldn't really mind what type of funding process the project will be conducting but rather they would be interested if the project has indeed got the key elements necessary for it to become a success thus they want to know if their investment would bring good returns or not?

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Developers can get funded through whatever means they like as long as they are not using the fund to develop "true cryptocurrency" (well decentralized and open Blockchain). If they don't, there could be consequence in the future for agreeing to exchange/government Terms of Service to get funded but operating real decentralized cryptocurrency that can't be easily regulated by government.
In my opinion, you must operate under government rules after getting funded through governments/centralized exchanges otherwise you could get seriously penalized in the future when stricter law against some type of cryptocurrencies is introduced.

CryptoTrue

newbie

Activity: 48

Merit: 0

Source https://news.bitcoin.com/the-changing-shape-of-crypto-funding-in-2019/

Meanwhile, Dreamr, a social networking application geared towards entrepreneurs, is going for an IEO-STO hybrid and planning a Security Token Exchange Offering (STEO). The sale will be held on crypto exchange IDCM, with ordinary investors able to participate. Strategic advisory firm Pirate Capital, led by Joseph Bar-Katz, prepared the offering under Regulation S, which excludes U.S. residents from participating. Bar-Katz asserts that this provision “should allow for the DRMR Token to be soon available internationally.”

Topic: What do you think about the first IEO-STO hybrid - Security Token Exchange Offer (Read 126 times)