Dear Juan,
I just want to know about the companies who are regulating the IEO. Are they reputable ones? Are they impartial(are they not involved in the company that offers the IEO as an owner/creator or whatever connection directly or indirectly?)
Yes. It is exciting to offer token and coins and, ownership can even be classified as a bragging right. but, at the end of the day, when we examine most of them, they are not either profitable or just performing poorly.
Why not just tell the whole honest truth that this will fail 90% of the time? In that way the investors will not feel like they had been scammed?
Also, I believe that this is not the year for new ICO or IEO. Why not just utilize a collective coin for all the IEO offers there so that its value and adaptation will increase?
Hi @nurseanne84.
The organizers of the IEO's are the Exchanges. This being a relatively new concept, many of them have not been realized. In my post I took the example of three releases. Bittrex and Binance are worldwide recognition exchanges.
Binancen is considered the largest of them by the volume of operations since 2018.
Then the reliability of the process is based on the reputation of the Exchanges. They are responsible for selecting the projects and giving their support.
This idea has a lot of logic and sounds great. But I think it's very difficult to materialize because every company that opens in Blockchain creates a new native token for their Ecosystems.
Yours, Juan.
Yes. That is the issue. Why not create like, a uniform currency? Because the more tokens created, the slower they become adapted especially if it cannot even be converted into other tokens.
Just saying here that if we wanted the ICO to work, then, we do need to work together. Afterall, we're on the same boat...
With all respect and all the affection I tell you that: Although the idea is great and does not stop spinning in my mind, I think that "single currency" would become a utopia.
Like NEO, who stops the bullets.
Hugs dear @nurseanne84.