Post
Topic
Board Altcoin Discussion
Re: Why Exchange Run ICOs may be a bad idea
by
sulis sudibyo
on 30/01/2019, 16:20:03 UTC
So we all witnessed the first major exchange-run tokensale, the BTT tokensale at Binance. Binance has decided to list tomorrow and looking at the sentiments around the reply given, it may not be a good idea for future projects.

Many of CT believe it's just a mere manipulation by whales since they'll always by first. The BTT tokensale had just about 1000 buyers and people think that's where great manipulation will come from.
So how does this determine the future of other similar projects. Now, let's wait to see if it'll be a pump/dump scheme so that we can better conclude.

source: https://twitter.com/cz_binance/status/1090572501476765697

I think it will be a place for the Whales to manipulate prices. and those who will suffer are the givers in the exchange later. there will be a dump and pump during the initial weeks of the coin listing