1. Attract investors with good discount price
2. Make enough money from IEO fund raising
3. Use very low fund to list on shit exchange
4 Abandon the project slowly
This is all planned from the beginning....
Now the question is which developer doesn't know that listing on low exchange won't do any good? are devs that stupid? no they are not,infact they are the ones that understand more about crypto that any other.
a project that has a plan like this is a very irresponsible project. when they have the support of investors, but they ignore it. I think, many investors are hesitant to invest because of things like this. because of that, it is very much required for investors to conduct very in-depth research on the projects they will support. I'm sure, if it's a flawed project, then you will find mistakes when doing research.
in terms of listing, I think they all target a very popular market, it's just that it's not so easy to do listing there. so I think they deliberately put their coins into the low exchangers so that their products are fast to trade. it's just that, some projects are satisfied with something like that.