When i saw the hype of IEOs being spread through this community i knew this was a dangerous thread to walk on as a crypto investor. Most of the IEOs that have been conducted don't have any potential use case but the usual pump and dump scenario. I would rather invest in a project that has a working product that these recent IEOs that are being run in the forum.
Same thing applies to 90% of ico's that have been conducted overtime, most of this project don't have any potential use case but same pump and dump process, this is the same thing that is happening in ico's as applied to IEO, but good thing about IEO for now is that there is a bit level of security compare to scammy ico's flying around, and am surprise at your yard stick to measure IEO that is very recent over ico's which have been around for a quite a long time now with majority have no potentials.