You are right about this.You cannot trust any new exchange that comes up out of the blue with any team.

Look at nexybit which was following that "trade mining" method like some other Asian exchanges like Fcoin and what happened to them? They sold off their company and told investors to f-- off. They had got a large number of investors who were looking forward to getting dividends from holding their token generated by "trade mining" and now their tokens are worthless.

Its even bad that there is no legal authority to got after their owners because of this and basically they scammed a lot of people.