how ICO raised funds are used in multiple exchange sites,
Steps:
--> 1. ICO fund raised
--> 2. priceless tokens distributed to buyers and supporters
--> 3. All Raised funds are given to the exchange sites to operate token exchange
then,
how multiple site listing works? do they distribute partial raised funds to exchange sites?
These things that followed in the exchange before they list one project. If all project passed in these things they are set to list the tokens in exchange then mate.
Some of exchanges looking to learn that whether they get the more voting or not. So far this is the main thing followed in kucoin and mercatox exchanges follows to list it.