This problem is not just related to new projects but for existing projects too. Exchanges are a blight on the industry and the fees they think are reasonable are anything but. I have personally seen listing fees of over $1M plus wanting 10% of the coins supply it’s absolute madness. Prior to 2017 listing fees were pretty reasonable but once the ICO age hit they got extremely greedy and started charging huge fees because all these ICO projects were sat on millions of $’s so they spent massive amounts of their budgets on them. Those days are done yet exchanges haven’t got the message so are trying to find new ways to extract massive amounts of cash from projects which seems to be these IEO’s now. They don’t care about the fundamentals of a project in most cases they only care about what makes them a nice pot of cash.

For existing projects that are trying to do things properly, that didn’t have an ICO or any of that rubbish it puts them in a awkward position. Do they blown their entire budget just to secure one big exchange listing or do they use that money towards development? You would think that some people would see the nobility in a project trying to do things the proper way, the way crypto was started, through hard work and delivering products but nope that’s not the case at all. These exchanges have brainwashed people into thinking if it’s not listed there then it’s a shitcoin scam and must be avoided yet probably 90% of the projects they lost have absolutely no working products. It’s sad to see how far the industry has moved away from the ideals it was built on.