My understanding for IEOs is basically instead of project handling raising funds etc. It will be for an exchange to do so.
An IEO hosted by Yobit or Binance can clearly not be compared. In other words, the exchange gives more credibility to the project regardless of whether it's worth it or not.
Am I the only one who thinks this is actually a bad thing and make people focus on the exchange hosting rather than the actual project and what the team is offering etc.?
IEO is okay, as long as the exchange has been established in the market for a years. Just like what you had stated in the above, Binance and Yobit, even lots of people think that Yobit is not a good exchange, I could say its one of the stable platform in crypto industry business. And besides IEO as we all knows its really trending, just make sure you check it first before partaking in.
Agree, as long as the exchanger who organizes IEO has a good reputation, I think IEO is a good investment place. IEO organized by large exchangers gives more profit and I think our goal in investing is to look for profit