I really think these IEO thing is only good for the top exchanges and these is because they have the liquidity and the traders to pump a coin after listing, which is why their IEO projects are usually successful.
But the smaller exchange don't have the same and their IEO success rate is no way near the top exchanges. Maybe 2 out of 10 IEOs conducted on the small exchanges would succeed, while top exchanges boast of a success rate of like 9 out of 10.
yes you're right, because many people trust more with large exchanges. it's hard to convince investors if the IEO is in a small exchange. they think that projects that are in small exchanges will not succeed.
in fact the most important thing is not where IEO is located, but the quality of the project itself should be prioritized. projects that have good concepts and have a team that is focused on development will survive in the market. than projects that have a lot of speculation.