just make a simple math. they rised 2 million with ico for developing. i dont know how much hitbtc listing cost. lets say 1 million. i dont think it will cost that much. the ethereum they got are now worth minimum 2x more than at ico so they have now minimum 4 million $. 2 million+ more than expected. when they pay 1 million for a good exchange they have still 1 million more than at ico and we all know ethereum will not go much down in next time
and just saying it will get not cheaper in future to get listed on a big exchange. its nowadays good to get there listed as fast as possible.
If they would have 4$ million at the moment you think it is smart to but 25% of that to get listed on an exchange?? Sorry but I highly disagree. I am happy that they want to spend the money in developing instead of listing. You never know which costs come up. They also can add additional team members to push the project further. There are so many scenarios to use the money - exchange is the last one in my opinion.
To use 1/4 of the whole capital just for listing on ONE exchange is sheer madness, I believe these guys won't do that. I don't know how much Kucoin or Coss are charging, one of them would be a good start too.
and you think in a half year it will be cheaper to get listed? in a half year they have less money and the exchange listing will cost much more
its not 1/4 of there capital because they have
1. more than 4 million
2. big exchange dont cost 1 million it cost less! that was just a extreme example