There are literally no information whether the crowdfunding of this project has been approved by the SEC or not. I asked in the telegram group where most of the admins are not American residents, couldn't even give proper answer to my question. I would be very cautious about this project If I were to get involved with it.
True, they say that their project is "First American Ride and Transportation Blockchain and Virtual Currency". they must get the legality from the American SEC, without it their project will not go well. Other than that IEO RideNode takes place on the P2PB2B exchange, this exchange is not the right place to hold IEO