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.
Yes, you are right. As the days go by we can see the bad effect of IEOs. Every exchange not only old exchange even the newly launched exchange also trying to launch IEOs. And I think it will not so far when people will be lost the trust in the IEOs .