Without a stock exchange, no one will need a token, and if projects dont pay for the listing, then they will not exist on the market for long, this is a common fact, but there are exceptions to projects where listing is not needed
Its too bad that people are focused on the issue of when a coin appears on the exchange ... This suggests that the majority pursues only speculative interest and does not think about developing a real product.
After tokens appear on the exchange, people usually sell them immediately, which directly affects the future price, which is bad for the project itself.