I hadn't heard of IEOs before reading this. I really don't see this going far because these coins can only be traded on the issuing exchanges. I believe, ultimately, coin placement dealers may arise to issue coins to the public while providing a quality guarantee. However, since the demand for coins is less than promoters think, the market only has room for a few more coins which differ from existing ones in power consumption, security and bandwidth.
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Hello appreciated @rufusfirefly, thanks for your valuable comment.
I think demand can be induced.
Every day we are more surprised by the creativity of the developers. The field of applicability of the Blockchain has no limits.
So when we do not think about acquiring any new currency, it is possible that a project that excites us will emerge.
Thanks again for commenting.
Hi @rufusfirefly Sir,
How do you do?
"........since the demand for coins is less than promoters think, the market only has room for a few more coins which differ from existing ones in power consumption, security and bandwidth."
With regards to your statement, a doubt arose in my mind.
Getting coins through ICO isn't safe, but at the same time getting coins through IEO is safer since the token will be registered in the exchange list. If that be the case, taking the security factor into consideration, why don't the demand for getting coins through ICO increase?
But Sir, you said that the demand will be less. Can you please throw light into my doubt?
Thanks in advance, @rufusfirefly Sir.
I didn't say that demand will be less, that is, decrease. I said it is less than promoters, who self-select for optimism, think. The evidence is the saturated crypto market which has driven a long (in crypto terms) price fall. Sure, blockchain is a new technology with very bright prospects. However, that does not translate into increased crypto demand. Blockchain's current and future main uses have nothing to do with cryptocurrencies. Tokenization of assets requires governmental support to comply with tax laws, a government nonnegotiable.
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@rufusfirefly Sir,
I really appreciate your swift response to clear my doubt.
Of course, you are right, Sir. If there is government support, none can control the crypto's massive development potential of filling this world with millionaires and billionaires!!!