Coinmarketcap is the real reason why so many new projects devs are misled, they go to CMC and pick from the top-rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading
Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges
are you trying to say that the devs or project team don't think straight or what? any new project team or dev supposed to make a deep research on exchanges they plan to use. coinmarketcap is not supposed to that for them. if they saw the data set up by CMC, it is their job to be sure the data are correct.
I agree with this. CMC rates the exchanges on the basis of volumes trade which could be fake. They have no way of verifying it perhaps? I agree that it is their duty to research but maybe they want to ride with the data by CMC since that data will also be viewed by the investors and will help them as well.
Still it is a little bit risky for projects.