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.
Thanks for sharing, I have looked more about this before and had some experience or inside information on how they are listing new tokens, Pretty much exchanges are charging money for the listings not most of them but the biggest ones are doing it for sure! I have a sneaky suspicion that the shittier ICO's might pay for the listing in some portion with their tokens so the second they list it the exchange is dumping everything they got paid whith. Not to mention the standard ICO investor who just bought at the offering and looking for the first opportunity to dump it and make a profit. It is sad to see this, even if the project itself is solid but chooses to get more exposure by IEO it just gets dumped on and future plans might be drastically affected by this move.