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.?
Yeah, this is somehow based on the credibility of the exchange and it is not bad at all. Based on my experience, good exchanges like binance would never host a shitty project and that is the reason why investors trust too much on their IEO. But if one shitty project get pasts on binance launchpad then it is over for binance, they will lose investors.