Most shoddy exchanges don't look at the quality of the projects before the listing, but they are more interested in the fee charge and the new users the IEO will drive to their exchange. Novice always FOMO in thinking that an exchange should be responsible to do the due diligence.  IEO will not last up to ICO time the way is being handled presently. You will see an IEO conducted on all these semi-exchanges and the price will drop up to 250% within a week, who are the sellers, the project team of course dumping the token to cash out. Any IEO that does not have minimum one year locked up period for the team and advisors, you better tie your shoes and ran very fast to safety.