on fire but we must to be vigilant, recently I found a DeFi project that seemed strange, that is Space DeFi I saw when their token sales were running, only a few ETHs were obtained, but the funny thing was that they said they would listing on large exchanges like KuCoin and they didn't have ANN Thread on Bitcointalk. .
Your replies are strange also. If any project collect small amount and if they promise to be listed on major exchange, what is the problem? May be they have personal funding from sponsors, may be they already have enough fund and they dont disclose, may be due to NDA.
I have seen many project without bounty campaign, btt ann thread, no social media advertisement, yet they were successfu, atleast for a while