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
i think ieo would have been equally popular as ico should it be around during the bull run, because that period was the crypto boom period and most of the project which launch during that time all recorded success, should ieo be available then, am sure it would have been same result, people where very eager to invest by then, everyone was very trusting of the project so lots of money was coming in,
even now if there is a bull run and there is ieo project, i think that project will sell out.