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 think pressures from the investors at times is part of the forces that make developers to list on shit exchange. Some investors don't care at all, they just want to dump what they have bought especially if the bonus is huge let say 40%. When developers try to make community understand at times on the need to exercise patience in order to get good exchanges, people will think they are running away. So, investors and hunters sometimes contribute to that.