As an investor, i cannot participate in IEO conducted by small and new exchanges. The main reason why IEOs are preferred to ICOs is because they are more prone to scam than ICOs, and this is because the exchange validates its legality with their reputation. Imagine Binance or any top exchange conducting a scam project, it will jeopardize their integrity, and these exchanges do not want their integrity in question, so they only offer legit and promising projects IEO. New exchanges do not have the reputation to validate a project, they are just after the profit, SO they might promote a scam project either intentionally or unintentionally.
It turns out that some of IEOs are also scam. It is not preferable to invest in IEOs and ICOs nowadays due to its high risks. It is better if we will just invest in trading or some mutual funds.
Then what is still youre doing here? Wearing some signature for an IEO project? Dont be a nasty kid, IEOs are more profitable and than normal stocks and mutual fund method of investment. Yes some IEO are not that great, but as an investor would you invest in low known exchange? Be wiser when doing an IEO. If you cant participate on a big exchange, try again next time not waste youre time on low exchange IEOs trust me there's a chance of manipulation there.