This is now the new trend, every exchange wants to do ieo no matter how shitty the project is. If you are investing in any ieo, consider it a big risk. If it pays off, fine. If it doesn't, we learn.
Even Initial Exchange Offering is new tren but i just trust IEO from great exchange. I also don't have a lot of money so i cant to participate to all IEO project so only binance and kuCoin be my choice if not both i will think twice