Topic: WHAT DOES THE FUTURE HOLD FOR BINANCE IEO (Read 162 times)
I don't think new projects worth holding long term because they are just coming with the intention of making money so development after their sale period is hardly ever happens on their project so we might end up holding a shit coin.IEO is trending now so you can use to make profits but holding in long term should be on your own risk.
Actually it hard to predict, owing to their last IEO where users bought BNB and wasn't able to get a slot and then lost as BNB dropped in value I can hardly say more projects will be successful as the previous ones. Also, from the look of things it is now see as a means to get quick cash not minding if the project is worth it or not, thus a day might come when none will be able to participate again unless there is more improvement.
If you look at the price movement closely and interview a few of the people that invest in Binance IEOs, you will discover that most of them has not even visited the website of the projects that they invest in, they are just there for the quick profit, that is the simple fact.
I have not been lucky to participate in any IEO of Binance, usually because of the rigorous requirement but I have noticed that majority of them usually pump soon after listing android dump afterwards, harmony got has dumped from $0.02 to around $0.1 among many others, it is usually favors those that bought the IEO and sell quickly than those that bought on exchange after listing
In the end it is your own duty to perform full research and analysis over each project where you are looking to invest whether it is an IEO or ICO so the last responsibility and due diligence is always on you.
For profit, I think it will be worth it for those who will succeed in buying the token, because Binance token comes once in a while, and because of that,there is usually a rush to buy the token by investors which makes some individual who were also interested not to be able to since the token supplied cannot go round everyone, and we have lots of whales that usually accumulate large quantity of it, this is what makes token usually gain lots of profit and investors see it as success, but the ones that will lose out are more than the ones that gain.
The project itself may end up crashing later, because no matter how well Binance thinks he knows the project or have done their due diligent, they are still subject to packing up anytime they like without putting anyone into consideration.
The project itself may end up crashing later, because no matter how well Binance thinks he knows the project or have done their due diligent, they are still subject to packing up anytime they like without putting anyone into consideration.
Binance has announced another ieo recently, I'm starting to believe that these ieo projects have nothing to offer but just another money flipping venture. Do you see these ieo projects as something to hodl long-term?
Thanks for this observation, IEO would likely end up worse than ICO, I was reading a telegram post today that says most of these IEO do not raise the claimed amount the put to the public except Binance I think, but the developers have signed a NDA with the exchanges and are partner in crime. Just take your profit and move
Binance has a lot of manipulation so far and soon people will see and understand this they will refrain from their IEO. Look at other projects that has done it's ieo on binance after the initial hype, everything dies off before you know it and the price slumps
you are not right. This happens not only with those projects that conducted IEO on Binance, but it happens with all new projects. these manipulations happen everywhere.
Binance has a lot of manipulation so far and soon people will see and understand this they will refrain from their IEO. Look at other projects that has done it's ieo on binance after the initial hype, everything dies off before you know it and the price slumps
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Well, they do offer the idea and have wrote down the whitepaper, you can find technical and read it. Although some people might say that IEO is simply a money flipping but it is just some people need to look after the project when the IEO finished so that we can know the progress. The hype simply gone after the IEO finished because people already get their token and I tell you that most of them just don't care about the project what they care is just money and that's why most of project seems like dead after the IEO while actually is not, and I'd say that I will personally not consider these project as long term.
It's becoming less attractive especially with the new lottery rule wilhich stipulates that $30 worth of coins will be available after draw for holding over $1500 worth of Binance coin. Coupled with the proposed huge initial circulation supply of WINK which doesn't go down so well with many investors
For a time, IEO is the only way to get investors and its binding the exchange to list the token as well which is making it good for those investors looking for quick profit specially for those who already got into the private sale of the token. Check out those tokens that were being advertised in bounty section today, they are announcing IEO in the coming months but are doing private sale and campaign today.
Eventually, the IEO projects will get congested just like what happen to ICO back then this might work at first but as the year's progress the platform will have unsuccessful reaching it is Softcap or Hardcap, and then Scam project will eventually show up and investors will have trust issues again, Well it will be a rinse and repeat process just like what happen to ICO back then, I guess exchange sites are good enough with this kind of method projects, But it can sure add up to the number of traded coins in the market of cryptocurrency so another money-making thing we don't know when it may last.
Binance has announced another ieo recently, I'm starting to believe that these ieo projects have nothing to offer but just another money flipping venture. Do you see these ieo projects as something to hodl long-term?
I don't and im only seeing it as a short term hodl, what do you need to take how it can bring you profit. most of IEOs are still vague because they don't have even real product to be offered. For me ICO is much better to consider hundreds major platform that already exists. 
I think that these projects will be developing well in the future, but I also think that those projects that will make IEO on Binance will not be so successful as the previous ones
Binance has announced another ieo recently, I'm starting to believe that these ieo projects have nothing to offer but just another money flipping venture. Do you see these ieo projects as something to hodl long-term?
Eventually this will die out as well. 1.5 Years ago when ICO became huge there was people funding those silly and unreasonable ICO's every single day, there was ICO's that got funding in just hours for millions of dollars, there was ones that got 1.2 billion total or something as well.Hence, what I am trying to say is that there was a time when people invested into ICO's like they investing into IEO right now. What happened? Now it is not even a quarter of what it used to be, barely making 10% of what it used to be and mostly not even that much. That is why IEO's will continue like this for a while but eventually they will be getting disregarded and people will stop funding them. I don't know when that will start but it always happens, all hypes in crypto world eventually dies.
Binance has announced another ieo recently, I'm starting to believe that these ieo projects have nothing to offer but just another money flipping venture. Do you see these ieo projects as something to hodl long-term?
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