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
This is not that surprising to me because I already knew that it would get to that point and that scammer would really have a very nice time with it because we have lots of people that are quite too greedy and too impatient to fall for it. We already know that these low exchanges would never do due diligence like these top exchanges would do because they are not after the protection of their name, they are just after the money that they will make out of these scam or low quality projects.
For IEO, I think people have option to fall or not fall into scam unlike ICO, for IEO, the best option not to fall into scam is just for them to go for IEO that are on these top exchanges like Binance, Huobi and all the other reputable exchanges that are listed in the market.