I totally agree with you. Let's assume we have the next crypto bubble and FOMO on the all market. My concern is that many exchanges could abuse IEO to take profit and don't care about new project, because IEO has good reputation.
Compared to ICO, I think IEO has a better reputation. Although IEO cannot guarantee the success of a project, investors are more interested in it. Sometimes they don't care about the project, the team and even what is offered.
Almost every project that collaborates with exchange top on IEO, they will get results that are on target.
It was Binance who made the IEOs worthwhile. I can not understand why IEO is so valued. If Binance had an ICO, everyone would be looking for an ICO. I admit you have some superiority, but not enough to be magnified. Now IEO is a trend in coin sales and psychologies are now focused on it. I am not against IEOs but I can not accept the false exaggeration too.