My understanding for IEOs is basically instead of project handling raising funds etc. It will be for an exchange to do so.
An IEO hosted by Yobit or Binance can clearly not be compared. In other words, the exchange gives more credibility to the project regardless of whether it's worth it or not.
Am I the only one who thinks this is actually a bad thing and make people focus on the exchange hosting rather than the actual project and what the team is offering etc.?
I think your opinion is correct and we need to discuss this.
I see that the IEO is becoming a new trend and most of the projects that I follow and have ended up doing IEOs in some exchanges.
which needs to be prioritized as you say.
but according to sources that I read, one of the positive side makes investors more flexible and trustworthy than investing in ico.