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.
To take attraction of investor with discount price, this is the common system in cryptocurrency. I really hate the fake announcement, when declare that IEO was successfully completed. Then exchange listed but volume is few thousands dollar and price is almost 1000% down.