When I first heard of IEOs from smaller exchanges, I thought they were simply catering to one of the demands of ICO investors which is immediate exchange listing.
Then came the bigger centralized exchanges like Binance, Bittrex, and Kucoin. It somehow made me wonder why would they open up their platform to crowdfunding. Maybe because they also think that the ICO market is dying? If so, then that would mean less new projects. With less new projects, less potential source of income (listing fees).
So in the end, it is still all about the $$$. These exchange are probably afraid of losing one of their major source of income
What's your take on this?
This is basically, marketing. The existence of IEOs are meant to promote new currencies that will going to enter various exchanges and already listed there. The assurance of listing the top priority, also this is what people want, to trade and make profit on a certain crypto. What it has adopted is still the idea, what ICO is, they've just limit it.