What's up with new projects this days? Why are developers choosing p2pb2b, vindax and Latoken for there IEO nowadays? Every single IEO I see or should I say 90% of new projects are choosing these exchanges for fund raising even when they know there chance are slim....I don't just get it, are they willing choosing these exchanges?
Maybe the consideration made by the developer team choosing an exchanger like that is because it is cheaper. I think all new projects crave to do IEO in Binance or Okex but the big exchanger must be doing strict verification and also doing quota in doing IEO.
one of them might be because of the low cost but it might also be because the developer sees the trading volume at the place of exchange which in my opinion has an important role so the developer chooses this place of exchange to do an IEO, but this place of exchange has had a bad case.
If they are looking for the trading volume, then they are looking it in the wrong place because those exchanges have bad reputation regarding wash or fake trading. I think, it is more on the fees for listing as they are relatively cheaper as compared to known exchanges. But with bad reputation, whenever a project is listed on those mentioned exchanges, don't expect that they will survive long as it might be pump and dump coins only, no real use case in the market.