Because they are the answer on how to gain back the confidence of the investors in the crypto space.
With the advent of IEO, investors feel safer with investing, although the number of projects that has come into existence is now limited but we can ensure that majority of them are good projects. I believe we quality projects more than quantity alone.
IEO has not really performed better than ICO to me, I know the meet up to target easily and the exchanges assures us that they are genuine projects, but there is a difference between a genuine project and a good one, genuine one means that they are real and can be trusted not to run away with clients money without having a project but they are not so good when it comes to the value of the projects its, what products are they coming up with, are they good enough to discourage the investors from Later dumping the coin, which I see that majority of their products are still being dumped after entering exchanges.