A lot has been said about IEO. Many seeing IEO as a way out in cryptocurreny, hmmmm..... is that it? don't be fooled. Many of the so-called big exchange have enriched themselves through IEO. Why do you think some projects from nowhere conducted their IEO on these so-called big exchange, it will shock you to know that a reasonable amount of these tokens are going to the exchange and the exchange is ready to dump on you the moment the token is listed or after some pump. They encourage you to hodl but they will not hodl. It is all about pump and dump. You may want to argue because you have benefited one out of many times. Have you asked yourself, how many were able to buy at IEO, they want you to come and buy on the exchange after making it look like a sold out, why sold so little at IEO when you have buck of it in store? Professional scam.....Believe me, there is more to IEO on big exchange than you can imagine. Be wise.
Exactly. I don't get why people seem to feel like that IEOs will protect them from all of the scams in the cryptospace all of a sudden - they won't.
And it is this exact attitude that makes IEOs even more dangerous, because of the fact that people are more comfortable and complacent with their investments they no longer conduct their due diligence when researching the project they're investing in.
You still got to remember that IEOs are for profit for both the developer AND the exchange, and both of them have vested interest in pushing the token to investors to the greatest extent. Investor protection is still extremely low.