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.
Not completely true.
IEO platforms are as different as exchnages, like Latoken is complete garbage - they are wash trading and faking IEO rised amount.
But Binance is legit and their IEOs also are true and legit.