Recently several exchanges have announced launch pad, where ICO are sold and listed in those exchanges almost immediately at a high price.
This have attracted many investors.
Please while investing in the IEOs don't forget to investigate most of those exchanges because very soon scammers will soon take advantage of the IEO.
It is another scam game! Majority of the exchanges are copying Binance looking at their success without any actual background verification. The way ICO has lost the credibility, IEO will soon fall into the same place! The major problem with IEO is that, we are putting our trust on the reputation of the exchange and not with the token company which I believe is a big gap!
Every exchange should start making their due diligence process public so that the credibility can be kept intact. I was reading some articles saying that ICO activity is down by more than 90% compared to the last year. While Binance stepped into this turmoil, the picked the chord right! Now the same step is followed by the other exchanges is again going back to the beginning.
DYOR - Do your own research is the mantra of survival here!