If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams
Youre right. I have seen such a thing happen, and it was reported on this forum. Cant remember the name of the exchange they were blaming , they said that after the IEO finished , the exchange claimed that no money was gotten from the IEO and the devs had to refund all the investors back their money and never got anything and that led to them shutting down the project. Thats really bad, but there are still some trusted exchanges that devs can make use of , Binance is a trusted exchange, the only problem is that some exchanges will not be able to afford it. If not for that, then they would have all been going for it.
ICOs would have been the best if not for these dumb and wicked scammers that always look for the opportunities to ruin every good thing they see.
The worst part of it all is that most of the ICOs in the market are just owned by scammers and they are now making people to feel like every ICO there is in the market is scam. Thats why everyone is rushing into IEO because they believe that IEO is more safe, but sometimes these IEO's dont favor the devs.