All the devs of the many dead projects have said that in one form or another.

Good liquidity is the usual problem of a new exchange in the market. So they need to have good bankroll first to attract new traders.

And looking at the team members, is this a 2-member team only? Would be hard to establish a strong platform here if they are only 2 individuals working on this project. They have a lot to prove that this will not turn to a fly-by-night exchange. Do you know what I mean?

Will exchange be built on purchased software, or will you create it yourself from scratch?

Are you going to launch a bounty campaign?

I am afraid the visibility of your IEO is very low. Without large-scale promotion, you have little chance of raising enough money. Investors are afraid to invest in new crypto exchanges, because the competition is already huge.