IEOs of some particular reputable exchange are amazing to me: but some exchanges (which let's not forget do about 98% fake volume...apart from a few exceptions like Binance) are supposed to provide the credibility?
IEOs sell out in minutes or seconds...but they are all pumped to create FOMO. Just so the token goes up and those behind the IEOs profit from it. Others buy after the token is listed, pushing it further up...and then eventually that token will be dumped. This kind of stuff is killing the reputation of projects that actually do their best to deliver