This is crazy, how fast IEOs have grown. I agree and also believe that ICOs are out of date and nobody should spend his time by participating in trash projects. But IEOs are not better, look at projects that are launched on such exchanges as Latoken.
For IEO, don't look at those that are launched in small exchanges, but look at IEOs that are launched in large exchanges, such as binance, huobi, gate.io and others, because IEOs that are launched through large exchanges will be more profitable than those on small exchanges like latoken and several other exchanges.