Of all exchanges, only Binance has achieved the best performance, This is an indication that the era of IEO has passed, projects that have multiplied dozens of times, are now below IEO prices.
Guess, we will be seeing new strategies of raising money very soon. IEO didn't prove that this is a good way of investing money and so the fate is the same as ICOs. People are now smarter and most of them can already pinpoint potential scam projects at a glance. I think projects should raise their own funds privately and if they have nothing to offer, better scrap their project as early as possible.