IEOs are not public offerings, which entirely misses the principle of crowdfunding, am I right or wrong? ICO is the only fundraising strategy that works wonders publicly but since we have no better crowdfunding than the not so transparent crowdfunding (IEO) we just have to accept things as they are presently?
The only crowdfunding I'm looking forward to is DYCO ( dynamic coin offering) which I once thought was a complete joke but not until Orion Protocol used this crowdfunding platform to raise fund and the result were satisfying, DYCO is from DAO MAKER and it is designed to increase the effectiveness of token fundraising events.
For the first 16 months after token distribution, the entire circulating supply is backed by USDC. 80% of the funds raised initially are set aside to be used to buy back tokens from dissatisfied holders.
Note: I'm just sharing this on my own, I'm not part of DYCO team and I'm not paid to do this, if you want to learn more about DYCO check the link down below, thanks
https://daomaker.com/dycoNo matter what type of crowdfunding method is used to collect the funds still all the funds are going to be in the hands of project team so its their responsibility to spend the collected money towards the development of the project as they proposed while collecting funds but most of them will slip from their promise and give just the words to the investors without actually any progress towards developing their project.