Since the emergence of ieos and its success on binance bitforex kucoin and other exchanges platforms
It is becoming a trend recently where an exchange will lie about amount raised during ieo
Only for the token to dump 10x below ieo price
Typical examples are evident on bittrex, kucoin, idax and other exchanges known to us
There is need to even research more on the exchanges as the project
You need to examine the exchange before you get into the IEO project. The IDAX project you're talking about, for example, is clearly a fraud. This has been proven in many reports. Because exchanges like IDAX and bitmax are manipulating coinmarketcap data by creating fake volumes.
They want to attract more investment in IEO projects. But I don't trust the Ieos made in these exchanges. Nor do I trust stock markets like Latoken. So before the IEO investment is made, more research should be done about the exchange and investment should be made accordingly.