...without a developed ecosystem and demand for an asset, they will have no one to sell their tokens...
No, I don't agree there will be many sellers but no buyers. No demand because there is no use for this token. Nobody needs him and nobody uses him.
There will be plenty of sellers willing to dump, take into consideration only bounty hunters and all other people who have worked for this project and were rewarded with this useless tokens.
I have seen this so many times and even when such a token is listed on the exchange then this is a shitty one or P2P were there are no volumes and liquidity.
Of course, nothing happens only the sell wall is full of selling offers but on the other side is empty, no buy orders even for the cheapest price.
Nobody is stupid and everybody already learned a lesson that there has to be a product and altcoin or token has to be implemented to that product to create organic demand. When people start to use it then and only then there is a chance for demand and investors willing to buy.
Very often after the listing on the big exchange the price of the tokens start to raise. If the project launched the listing on several big different exchanges price of tokens raise more active.
I agree if we talk about big established exchanges but nobody will list Romad on such exchange like Coinbase Pro, Binance, Bittrex, Okex, Bithumb and that are the type of exchanges needed to get demand even for a shitty altcoin. The only place which will list Romad are small P2P exchanges with no volume or not trusted once like Yobit orLivecoin but for a fee which is around 3 to 5 BTC.
All established and trusted exchanges check projects which are asking for listings and without an MVP, ongoing development, dedicated team, active community you can forget to be listed there. I forget to mention that such an alt or token has to be already listed on smaller exchanges and there has to be visible demand and high volumes to convince bigger exchanges in the first place.
Exchanges make money on fees and they don't want to list projects with no real demand and already developed a token economy. This is a lot of work to list and maintain such altcoin, nobody will do it for such a project as Romad.