If you have ever managed a project on Telegram, then you will know that a bunch of guys representing shit exchanges like P2PB2B will reach out to you trying to list your project.
They'll usually try to secure a security deposit in the form of project tokens and/or cash for the process, but will often take whatever they can.
The absolute trashest of projects sometimes take them up on their offer, hence why all the IEOs on this exchange are horrendous and all fail.
The exchange itself can't even grow its userbase, how the hell is it going to raise money on behalf of others... They just take advantage of naive project managers.
Those project managers that allow their projects to be listed on those shit exchanges for IEOs are still learners and are not capable enough to.laugh a new project.
Not everyone that is tech driven is able to handle a project. Such should have gone the way of those that are able and capable of advising him.
The surprising part of it is That, some of them get good advises from their community members, yet, they will be bent on going that wat of their outright wrong.