You are absolutely right. It's really sorrowful that Most of them are fruad. They come with a fake team and claim that their project will be listed soon on top exchange and use hunters for promoting their project. After earn a lot of money, they flee away from crypto market. So IEO is good Option right now to get safe from fruad
Yes, and we also have to look at IEO as best we can, because IEO in a bad exchange is also not good to follow, because the potential to deceive many people also exists, because project teams sometimes deliberately set a trap for investors through IEO on exchanges that are small.