In my opinion, the IEO rave is just a mirror image of what cryptocurrency has resulted into.. Which is a get rich scheme. I heard people are setting up centers for buying into this IEOs just like we had in the days of Lending coins. The exchange makes it even worse by allowing a single user buy such high amounts . There is a total lack of transparency in the entire process and a lot of shadiness behind the scenes.. This Model of fundraiser is definitely not ideal for the growth of the crypto ecosystem..