It seems it’s not just ICO founders who get rich from token sales.
According to research by Autonomous Next, cryptocurrency exchanges are among ICO founders who want to list their tokens on high-volume trading platforms. he wants millions of dollars. Here, the commission charged on transaction and withdrawal fees after tokens start trading is not taken into account.
Very high compared to traditional exchanges
The fee that ICO founders pay to have their token listed on an exchange is the fee traditional companies pay to the public. significantly higher than the wages they pay in fulfilling their supply. For example, companies pay fees ranging from $125,000 to $300,000 to be listed on the Nasdaq.