ICOs are in big trouble in ongoing situation why not you take decision to contact with reputable exchange and ask them to facilitate this token sale with IEO which is better decision to raise the funds and keep working on this project.
Before we decided, we looked at the two possibilities and compared them. After our research we decided to do an ICO.
In fact, we even received offers from Exchanges for an IEO, but we rejected them because we did not agree with their demands.