which is not true sucess of the project will not be base which exchange that project listed . the project will be successful if tthey continue to make solution and develop thier project to the real goal of it .
Accepted but, at the same time Binance IEO may be a good option for those who are looking for quick flip and thus they put in a 100$ in some new shitcoin with a lot of vaporware and a bunch of braindead shills. They can execute the trade of 120$ even when the shills are fighting among themselves and thus get a quick 20$ profit out of it.
Now imagine the condition if they are doing this everyday with not just one but several IEOs. They are like venture capitals taking their profit and leaving. They are not bagholders. They are the reason why exchanges see a lot of activity besides the bots.
They need to be engaged in the project market making and that is why big exchanges have the upper hand.