That's purely an accusation to hear, because we haven't yet witnessed how IEO works right now. So don't judge until there is really a proof of the current situation. We shoul be more observant to the actual outcome and don't ever speculate negatively until there's definite judgement over it.
In fact, only 20% of IEO projects can help investors to make big profits and IEO investment is less risky than ICO investment so I believe that IEO is still an investment trend that people want in this market. Personally, I still prefer to invest in IEO because it makes it easier for me to earn double profit in a short time and if lucky, making a profit x5 easy if the IEO is listed at big exchange.
I also prefer IEO. Hate it if you guys want but the fact that huge exchanges are the ones who makes the due diligence for us on the projects before getting listed is a big YES for me. Didn't you guys realize that the numbers of projects are getting flitered thanks to IEOs? In ICOs, 100 and above projects every months that you need to do your own research and considering the current situation, nobody gets roi in it anymore makes it hard to attract investor. While in IEO, you only monitor 10 or less projects every month if you only count those high-volume exchanges that gives 2x-20x returns. So I don't totally agreee cause IEOs more harm.
Maybe the op is pointing to some unsuccesful ieo's that is runned by new exchanges . this type of ieo's can do harm to the investors because they could loose thier money in an instant as soon as they fall for this trap . but the rest of the ieo's are already proven to be safe and profitable like what you guys said . we wont know , maybe op is also one of the victim of scammy ieo's and he already loose big , this could be the reason why he accused ieo's so bad