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.?
Whether it is IEO or ICO, there is risk of the project failure and fraudulent acts. It is the cancer of every system that spreads and causes panic and bad reputation to the public. IEO could sound like safer but it won't guaranteed that 100% will the project succeed. If the exchange is very popular, many will follow the IEO but since it is an investment, risks can play their role. It will be all go down to how long will be your faith to the project.