Usually, new exchanges focus more on forming communities, so there is a concern that the goal of holding an IEO is just for that. What is feared is that the new exchange does not focus on the quality of the project, only wants to take advantage of the formation of the community. Ieo held by global exchange is not always successful, especially when held on a new exchange, the risk is greater. It's better to choose a global exchange with a proven reputation.
yes, it's a little strange if there is a new exchanger that offers IEO. in my opinion it is very risky. we don't know the quality of the new exchanger in the matter of withdrawals, or even deposits. whether there is a bug or not, we cannot guarantee it. However, if you believe you can try it. it's just that it's very risky.
You may be able to report the results here, but I do not recommend you to participate in it.