It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.
I agree with the issue you raised in your writeup. And I want to add that in some cases investors and/or bounty hunters are fond of pressurising the developers and the team for a listing on exchange. The situation were not always being handled well by the team and often times they bowed to the pressure of the community demands, thereby list their tokens on some shit exchange when it was not even planned. I've been in a few communities and I have observed how impatient investors and other players can be.
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