nowadays we are witnessing the death of "raising funds with offering coins" which is known as ICOs but it seems like they keep trying to come up with different names for the same thing to try and keep it going a little longer. it was first STOs which failed and now it is IEOs which are even worst than anything they have done before because they are centralizing it to exchanges which are already shady and unsafe.
how much longer do you think this is going to last?
Yes, they all look alike, but their names are different. These coin offerings continue until the fault is found, then replaced by another. IEOs have also
become a trend because of profitability. And when it can not provide profit anymore, it will end.
that bold part is in my opinion the biggest problem with the cryptocurrency market!
people have been programmed to want profit and care about nothing else because of their greed and that has opened up a lot of manipulation in the market and a lot of fraud.
the worst part is the result of all this, which is currently keeping the "technology" from advancing. we are stuck in a loop repeating the same projects by copying the same crap with a new name and then pump it to the moon and people are happy about it!