I have join a project to which it claims that the team was able to collect 50M in USD but until now they could not be able to list the token in an exchange. Their reason was the team were preparing the platform for almost 3 mos.
Listing into exchange has nothing to do with development of portal/platform. Because, even their tokens will get dumped due to on-going progress of of platform, they will be getting golden opportunity to buy their own tokens cheaper than ICO prices. This way I suspect their credibility as delaying for exchange listing may not have enough reasons.
Is it possible that the team is telling the truth?
I am surely doubting on this. Like, how we can believe that they really raised 50 million dollars ? That also could be another well-planned bait to keep you invest more. Staying per-coustious is always recommended as there are only 50% chances for them to be legit.