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My concern, however, is in the performance of its recent IEOs such as thoseof Injective Protocol(INJ) and Axie Infinity (AXS). In the past, investors are often certain of getting almost ×10 of their capital once the token is launched after IEO but these two tokens hardly did ×2 of their IEO price. Does it mean that the Binance Effect is already waning or has weakened?
AXS was sold at $0.1 at IEO price but only breezed to $0.29 briefly while INJ sold at $0.4 managed to hit $1.49 as its brief ATH. These results are unlike Binance's past IEOs which made investors jostle to get in to the launchpad.
I was looking for a better argument with the thread topic but all I see is an outrageous claim of investors desire and greed. x10 from IEO price on listing is outrageous and too much to be demanded. We are just getting the sentiment back for altcoins and crowd funding, so we need to tread softly. For most investor on the binance group they are still satisfy with the average gain on token listing which may not be gotten any where now. Price at exchange listing could be the least price depending on the market, so we might need to manage our greed carefully in the space.