An IEO hosted by Yobit or Binance can clearly not be compared. In other words, the exchange gives more credibility to the project regardless of whether it's worth it or not.
Am I the only one who thinks this is actually a bad thing and make people focus on the exchange hosting rather than the actual project and what the team is offering etc.?
No they are not bad. It is a good step in the right direction. Despite the fact they are taken advantage of by exchanges, and not entirely foolproof, yet it still solves the intrinsic problems of cryptocurrency volatility contributed by fraud from project developers.