In simplest word it can be explained this way they are doing everything except listing on promised exchanges. That is the reason things which are interesting by their point of view and for project as well, are not getting the appreciation by holders. They need to satisfy their investors by fulfilling the promises to bring pace in the development and support. They need to build the bridge to bring the supporters on the same page.
Just think, what will be the price for the SVD token if they go to the exchange now? We all perfectly understand that this will be the end for the coin. Therefore, it seems to me that we will not see the exchanges for a very long time. And if you have not yet noticed, the SVD team generally does not care about investors.
I think they must go to an exchange in the near future otherwise they will lose the trust from the remaining few people (if there are still some ...) which are still believe in the project. If we dump now or later doesn't really matter.
Except the final product is so great that it blows us away ...