IEOs are becoming a threat to those who rely on choosing project from any exchanges,low rated exchanges have already joined the IEO rollercoaster and projects funds are been raised through these low rated exchanges which to me is a very dangerous risks for anyone who invest in projects from low rated exchanges or even new exchanges.
Do not forget that many new projects are coming into crypto space focusing only on the funds they will raised through IEO/ICO
yes you're right, that's why we have to be more selective in choosing which projects to invest in. don't believe too much in the promises they say, good projects usually don't provide promises but tangible evidence. my suggestion is better we don't pay attention to the IEO project in the small exchange. it just makes you waste time.