It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.
Unlike the theory, if the project is really good with having a real product that can make the project continue to grow then it will guarantee that eventually the coins will be listed on a reputable exchange in this industry. So it is very unlikely that a good project will list coins on the exchange randomly and that doesn't make sense, when they choose an inappropriate exchange then the project is basically a scam and I have seen it many times.