Quote from: marcotheminer on April 22, 2019, 05:50:46 AM

Quote from: ApocalypseNow on April 22, 2019, 05:31:27 AM

Quote from: marcotheminer on April 19, 2019, 03:33:35 PM

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

EDIT: If it's not clear, this is a huge fucking gamble, I'm put $5..

I'm going to pass on this even if it could be a fast cash. Yobit has a very ugly image in the crypto space and now I realize why I saw that they posted a new bounty so people could check their IEO offer. But I think the accurate name for them is an SEO that stands for Shitcoin Exchange Offering.

To be honest - 99% of what has been released into this space since 2015 have been cash-grabbing "projects" aka shitcoins. Some have a *little* merit and may try harder to show they "could do something" or are businesses that just launched the token to fundraise (see KIN token..). Yes, Yobit has non-tokens which are used in their gambling game IEO's - and that's what this campaign is advertising.

The term ICO was so much misused that people , no one wanted to invest in ICO again. But then Binance evolved the concept of IEO and did few very successful IEO. I hope Yobit will also conduct IEO which are good for the community and not just pump/dump coins.