I know that there has been hype all over the forum on IEO projects and we trust them because they are being guaranteed by exchanges, most especially top exchanges. Now the question is, what does exchanges do differently that makes them certify that a project is not a scam project and have a reliable team or that the project will stand the test of time?
I believe they will have access to certain things that we, the general public might not know about. In my opinion, backing a project to be viable is as good as putting their reputation on the line and I don't believe they'd do so if all they did was just read the whitepaper. An IEO was the reason I got to discover a
rare gem in the industry and after doing my due diligence on the said project, I fully have decided to pay more attention to IEOs.
IEOs in reputable exchanges have high possibility that they are not running a scam as that exchange have already done their part of screening those projects. And yes, they will not risk their reputation in promoting a possible fraudulent project. So these exchanges are already filtering the projects for the investors. However, IEO in small exchanges might be a different case. But still, if you are an investor, you should do your own homework also and not entirely relying on the exchange.