there could be other reasons as well, maybe its too expensive to get listed on cmc, maybe cgcx has already applied for listing, maybe they need a certain period of over 10k volume, ...
As i know listing to coinmarketcap is free. They added every token or coin whic have more than 10k usd daily volume. And This project raised a huge money.
Maybe they need to be traded on other platforms as well, i dont know. Truthfully, it doesnt matter for now, once the bull market picks up im sure itll get listed
we look forward to going forward, but if we look at their market the token value is still very good and hopefully, after all, participants get the token distribution it doesn't make the CGCX token price in the market a dump.