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.
This is interesting. It does not matter what kind of project it is.. people are always in loss that too 98% - 99% range. Retail investors should not turn to crypto investing in my opinion.