This just came to my mind today as ive never think about it before, since bullrun happened in 2017 and ICO became popular and successful in that year too aren't you guy curious how IEO projects would have performed if bullrun was ongoing? IEO became popular after bull market of 2017 right? The reason why ICO was so profitable in 2017 was because of the altcoin season don't you think? What about IEO in altcoin season? We are yet to see this
when you look at the mechanism and model of ICO and IEO, you will discovered that IEO will be more successful than ICO because of the security it brings to the investors.
I do think, the time has come for IEO to be more successful than ICO, especially now that defi projects are trending.