I think it is a bit more legit if an IEO is launch on bigger exchanges. Because they know that it can be very hard to enter big exchanges and convince them that your project is very useful and insight of having a very solid future to get funds using them. What's you opinion on this? Do you think there are other reasons if they choose other small exchange platforms?
Most of these big exchanges do not only accept projects based on the developers conviction, but based on their own personal research also, so exchanges like binance will never register a project expect maybe they are extremely sure that the project has a real use case, and that the project has a very solid team.
It is when they are convinced that they have very great team and a project that will always make the value of the product or coin to grow that they register them. Look at most of the IEO projects that has been registered on Binance, majority of them are still doing nervy well till now, we are not just filling the impact because the number of projects that has been registered in binance is still not enough to be able to add more increase to the market cap of altcoins.