Post
Topic
Board Altcoin Discussion
Re: Are IEO's bad?
by
yogeko
on 03/05/2019, 04:04:58 UTC
I disagree with you. Just because a project is on Binance means nothing, except that it will be launched on one of the top exchanges. In fact, I don't like the due diligence process of Binance. The result is a project (I won't name) which they recently did an IEO, but it has nothing to show. The team was probably sharing some made up facts to Binance based on which they picked the project. This is from first-hand experience. I am with Farm2Kitchen, we are doing an IEO on ProBit. Our application is still pending on Binance. We were planning an ICO in Nov 2018, but we pulled out of it because of the bad market and instead we went to development with the seed funds and build a Marketplace that we launched last month. We build an app which is in Beta on Android. So we just did not quit because the ICO was pulled off, we carried on with the plans with whatever limited resources we had. Now we have a MVP to showcase and we are proud of the progress we have done with the resources. We are top rated on ICO Bench and ICO Marks (which to me does carry weight because of the due diligence they do). We are looking forward to a successful IEO so we can use the funds to develop the Blockchain network for traceability and market the platform across our primary market. So trust me my friend, not all IEOs are bad and being on Binance is not a validation.