Right now, I feel they have failed to negotiate with the top exchanges and are focused towards card delivery and app launch on 26th.Maybe after this, PYN gets on big exchanges and attract more users after cards are delivered to users.
That's very stange, i see many other ICO that raised smaller amounts and finished later already trading on exchanges, but PYN is only on yobit with 0 volume. Now they are going to the phase 2 of ICO, and I really doubt that many will be interested in buying seeing how bad liquidity of these tokens with price 10x down.
It's also sometimes about very good connections that some person on an ICO team has with those big guys from the exchanges. Not always about negotiation or money only.