Quote from: levvv on April 04, 2019, 03:44:43 AM

Quote from: coingecko on April 03, 2019, 04:40:38 AM

Bittrex posted on twitter:

"The IEO for @Veriblock ended within 10 seconds. Thanks for participating in the Initial Exchange Offering.

Stay tuned for future IEOs coming soon."

IEO seems to be like ICO at the early stages, but i am skeptical.
Did the IEO really sold out to public in 10 seconds or did most of it already been bought up by internal investors and just a small portion of it actually sold to public?
This seems like also another way to convince the market into putting their money into buying "legit" IEOs that will be listed on these launchpads in the future.
Will IEO last for the long term? Or will the hype just die down in the coming few months?

https://twitter.com/BittrexIntl/status/1113110527511855106
https://www.coingecko.com/en/coins/veriblock

It has become a common thing when IEO ended within minutes or even seconds.
I wonder what have big investors done, to be able to buying the IEO coin in popular exchanges.
The exchange who holding IEO should limiting the participants cap, so many peoples will be able to participate.

My speculation would be the exchanges themselves holds quite a significant portion of those tokens and trade them in the secondary market for a higher price.
There may be a deal of something like x% of tokens must be given to the exchange, and on top of that x% of funds raised needs to be paid to the exchanges as well. In return these IEOs gets guaranteed listings.
Alot of money and tokens being thrown around