These are my opinion on IEO.
1. Ensuring Only High-Quality Projects Get Funded.
The problem with ICOs was that anyone could, and did, raise funds. For example, the creators of the FUEL token used the proceeds of their ICO to purchase a pair of Land Rovers and lease a Lamborghini. Its not clear whether they ever had the intention of seriously developing the coin. This is just one instance among many of people raising money who never should have in the first place. IEOs are changing that.
2. Providing Immediate Liquidity for Projects.
IEOs are different. As Boytsov points out, by already having the assurance of liquidity on a major exchange before the IEO even starts, investors can feel more confident in buying based on the other significant factors they take into consideration. This guaranteed liquidity is a major advantage of the IEO model and its also a relief to investors who no longer have to worry that the coin theyve invested in will fail because it cant afford to pay to get listed on an exchange.
3. Enforcing Proper KYC.
This is helpful not only to the person investing, they dont have to worry that theyre buying a coin that theyre not legally allowed to own, but helpful to the coins founding team as well. There has been a growing number of cases where the SEC has forced founders to return funds to American investors and/or pay a fine. By barring certain investors a projects team doesnt have to worry that theyll be on the wrong side of regulations.
If you think to invest in IEO I suggest you some IEO.
1.GlobalChainZ
2.
Moozicore3.AIGO Protocol
I understand what you are saying, but we are seeing this from different perspectives. While point 1 is true, it also means it is "Pay to win," with only those ICOs who have large amounts of money already being able to raise funds, and so young entrepreneurs with good ideas but not necessarily much money miss out. And for point 3 many ICOs have in fact prevented US buyers from purchasing tokens, eliminating this problem. My issue is with the increasing dependence on the exchange at the cost of Bitcoin ideals.
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My personal opinion is that IEOs should be discouraged. Firstly, it gives more and more power to these centralised exchanges, who are able to charge higher, more ridiculous listing fees for coins as well as extremely large payments to hold IEOs. Their vested interests in this way mean they are less likely to care about vetting projects that may be untrustworthy, leading to even more irresponsible behaviour.
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Your thoughts?
In fact, if someone asks us, we say that the most important feature of Bitcoin is that it is "decentralized". But nobody wants to use DEX. The DEX I'm talking about is not what Binance created. Literally ...
I think it is an attitude problem, most are concerned with making money and therefore want easy-to use platforms. I think people need to consider privacy more to realise how important DEXs are.There needs to be less of an echo chamber in cryptocurrency communities.