Well, I recently get heard about the new concept IMO- Initial Model Offering to get funding from the market. There were already ICO, IEO, STO, ITO methods to get funding from the market from which ICO is 80% scam, same as ITO. STO is little bit secured as it includes a concept of regulation. IEO is quite good method to get funding if your project gets listed on Popular and trusted exchange.
What's your take on IMO? Is it really a good method that will work in 2020? Or it will also be like ICO scams. Please share your opinions.
I think it is a new form of fraudulent capital mobilization. I used to work on the IMO bounty project and the team forced us to participate in their IMO projects. We only unlocked 5% right away and 95% after 1 year. But one thing that made me so angry was that one day I only received a token amount equal to one in 300,000 times that I should have received. When I asked the team they told us we needed to make referrals to be unlocked faster. After that, I found that the projects were completely disappointing. a project with roadmap and whitelist is like scam ICO projects and even projects without team information. I encourage you to only do IMO on large exchanges, never in small exchanges.