Because of currency founder Zhao Changpeng about IEO improper speech, once again bogged down in crisis vortex. Fire captain ho first micro-blog, after frequent media interview, this time she was able to reverse the crisis?
What one in defeating”
3 12, currency security founder Zhao Changpeng told a media interview, said: “IEO is the core of the project is to find a good… Welcome other exchanges to copy”. It is not difficult to see, Zhao Changpeng Ann LaunchPad coin restart IEO is full of confidence. Indeed, then IEO (Initial Exchange Offering, which is for the first time on exchange issue) fame, other exchanges are ready, ready to have an Launchpad and a piece of money. However, a co-founder of what jumped out to “criticize”, tried to clarify an association between IEO and coin.
Where a coin Ann co-founder of 17 micro Bo said, do not know what is IEO E? 21 said in an interview, do not know who put forward the concept of IEO, but certainly not money security. A IEO why she was so sensitive, even repeatedly published medium term .
the sword of Damocles
Sequoia Capital last year sued the currency security during the currency Zhao Changpeng Ann CEO Twitter said: may soon require all applications in the currency of an on-line project and disclose whether Sequoia has direct or indirect relation. In the twitter released less than 1 hours, where one of the media is very unhappy, two times micro-blog clarified: “Zhao Changpeng refers to the future, apply for currency projects need to disclose whether an accepted Sequoia direct or indirect investment.” while not as the media described as “clean” Sequoia Capital related projects. Subsequently, Zhao Changpeng also issued a clarification. So what the “spoilers” is false, fear of “fire” is true.
This is because IEO and ICO have, like STO, is the use of Token financing, legality has been the head of the Damour Damocles, eventually escape the fate of short-lived. In March 21st, Beijing Gold Association issued “on the prevention of” virtual currency “” ICO “” STO “” stable currency “and other the name of the variety of illegal financial activities risk warning”, directed at the IEO and other illegal public financing behavior.
In addition, since 2018, the United States to strengthen the supervision of ICO. In March 7, 2018, the U.S. Regulatory Commission began using the SAFT protocol ICO, and issued subpoenas to 80 digital currency company. At present the most SEC digital currency as the securities law and the stock for the same, so the digital currency IEO listed the same terms with this law.
This is what a good understanding of why the recent spate of media interview, continue to throw E to this problem where this is the policy of the red line IEO and an isolated currency brand, Iridology, here I have to admire what a professional sensitivity. The concept of IEO in the end from where?
IEO from the collar British Zhao Changpeng”
The search on the IEO article, originated from Changpeng Zhao and binance exchange led the British in January 29, 2018 released “IEO, IFO, IAO, ICO, Token release notes”.
This paper points out that the IEO, or the initial public offering (IPO), refers to a project without ICO listed directly on the exchange. Restricted countries / regions in ICO, we can see more of this Token release. He also pointed out that IEO is a basic problem: there is a high proportion of the digital currency is held by a small number of people (hereinafter referred to as the “minority”).
The article points out that the “minority” problem, will lead to two types of risks:
First, listed on the exchange, if the currency price rise, so “minority” will earn more than others. If the currency price falls, which means “minority” is a massive sell-off (likely to profit or stop), all new investors (buyers) are at a loss. No matter what kind of situation, “minority” are at the expense of a large number of retail investors at the expense of benefit.
Second, “minority” is easy to control or manipulate currency price. In extreme cases, projects are not even private, all digital currency held by the project team. It can be seen that IEO is a kind of control by the project team of digital money sale price way.
The “true” Zhao Changpeng coin and ANN
Earlier reports pointed out that Zhao Changpeng, led the British claimed to be an employee for money account most is fake. I hereby declare that Changpeng Zhao, led the British cannot be confirmed as Zhao Changpeng himself without official confirmation, binance exchange is in the same way.
Why use “true” Zhao Changpeng coin and Ann?
If Changpeng Zhao and binance exchange led the British have an account is true, then what is a clarification of IEO and Ann everything unrelated coins done will be in vain. In addition, “IEO IFO, IAO, ICO, Token issued a notice” even said that in the listing by digital currency coins issued by IEO, is shilly-shally. In addition to the requirements of these projects in advance to the exchange offer and sell digital currency at a fixed price, “there seems to be no good solution what a few problems, this solution essentially is already ICO.
If the account is true, in a series of currency IEO security recently conducted when, for these risks, a currency measures of maintaining a large number of retail investors? Is to take the said last year essentially has a ICO solution, or have a better solution? This problem is not only currency security needs to retail investors account, more retail investors should think about who can protect your interests. Since last year has been questioned IEO, but what makes an Launchpad IEO to restart the coin? This question until the next analysis.
How to put out the fire
The “true” Zhao Changpeng and Ann currency account, although this is not the core issue, but if confirmed to be true, then all efforts will be cast to waste. Then he only can walk the road, is to prove the IEO concept of non currency security personnel first proposed, is also found in this article published before the card data. Then a solution of “minority” issue of the new scheme, to restart the Launchpad IEO coin security provides the basis finally apologized to investors. Forget, there have been IEO posting this. This is the worst, because not only what a discredit their own image, but also indirectly acknowledged the currency company management oversight, pulled down the company’s brand image.
If the 2 accounts are confirmed to be false, what one needs to solve the problem of speech founder Zhao Changpeng interview. To speak, where a speech if Zhao Changpeng is true, then touch the policy red line did not solve. Will speak to the second choice is mistakenly reported, because this can completely solve the red line issue, but against the media.
The most likely solution is the following three steps: 1, the direct negative currency an a series of recent currency financing behavior and IEO. 2, and had an interview with the media joint statement on IEO speak incorrectly reported Zhao Changpeng, for example, is the period of probation and negligence, caused by the reported phenomenon interpret out of context. 3, through the activities, such as creating a Mengliao greater public opinion topic, weakening the crisis. Let’s see where a fire captain again will how to reverse the crisis.