Exchanges like p2pb2b, vindax, latoken, are Fake Volume, buying IEO Launchpad Tokens on Exchange like that is a big loss in my opinion
it caused by those exchange sites are scam exchange sites, bad CS, fake volume, Pump and dump by bots and many more.
Those exchange sites have already labelled as the worst exchange site and to participate on IEO that will be launched on one of those exchange sites will be a disaster
some of the exchanges mentioned also sometimes have IEO but the price is always down, and there is no progress. so far, there are only a few popular exchanges that are very good in the quality of projects that do IEO there, such as binance, kucoin, Okex, huobi, and others. The exchange can encourage a project to be bigger. I have seen enough successful projects from the exchange.