many new project are launched now is just for raising money for them.
even any project ended sucessfully, like you said they don't want spend money for listing in popula exchange.
and many of them after listed on exchange never buyback again from market, and this condition make the coin become a shittoken
I did not notice that many of the projects raised good funds during the ico, most projects raise a lot of money in the ieo and on good exchanges, these coins are developing.