Maybe newbies need to learn as well about IEO listings from crypto exchanges because even the not-so shady ones are also doing it. The first time I saw IEOs it was given a good expression from the members of the community as you will find it reliable that the exchanges will be offering the cryptocurrency to you this comes with the background checks that the ICO is legit and gives confidence to the prospective buyers that they will gain from it because they are directly buying from an exchange. It was good at first but now you'll see some exchanges take advantage of it that even shitty ICOs are now being listed in IEOs. I see that this exchanges also have a big position in these IEOs that is why they are participating in pump and dumps as well, it's either that or they have a big portion of the IEO's sale.