I think the purpose of the tokens that are sold directly through the IEO has many shortcomings, can we see what products they have, even the real ICO projects and have good products fail to run the ICO.
This is a new trend in investing, I prefer the products the project offers and their future goals rather than following the IEO, because there will be a very fast dump when there are no traders who buy these tokens on the market, even at low prices and make investors need to be patient to hold coins for a long time.
We don't despair, because bounty hunters have many members and I'm sure, without the introduction of good products, I think investors will change their minds. This will last a while and the ICO will still be there.