Yes this trend of only looking at exchanges launching IEO will surely overlook the project itself. Nowadays, investors are in belief that IEOs launched on reputed exchanges are always good. But in fact, that is not the fact. Launching IEO is only a means of collecting funds to fund a crypto idea. The merit of a project should remain forever.
You're right, and I agree with you brother. IEO does not want a project basis that immediately goes to say that it is good, because I have seen a project campaign under the IEO program with the exchange being IDAX which is actually included in the top 10 or 20 exchanges on coinmarketcap but the coin or token is listed in idax, its zero volume and the other is 1 sats or 2 sats the price value. This means that the value of the coin's product is really important to keep its price in the market.