Nope, not true at all. Again, look at creditcoin, did NOT do a IEO and instead just did a direct listing and the price still pumped. the important thing is the fundamentals of the coin, not whether or not a coin does an IEO
OMG, it looks like you must need to read what thing that already discussed again. We are discussing about the success of IEO was caused by the exchange sites. If creditcoin was not doing IEO and it can't be mentioned here dude.
He is answering the wrong topic, and I see it seems that he is trying to FOMO this altcoin. I have seen credit since 2017 and it seems like this is an old project, this project hasn't been developed in a long time and it's not as good as it used to be.