I am certain that you can't use a Traffic Exchange for a website with google ads see this link: http://www.google.com/adsense/support/bin/answer.py?hl=en&answer=81555 However, if you create one page (not the home page) without any google ads and then you use that page to get our site out there on the Traffic Exchange, but all other pages have google ads then are you in violation of the TOS?
traffic exchange is violate TOS google adsense, better dont think and talk about that we can forget it and more focus to promote the website
Promote you site through SEO so that your site can get lots of traffic and then you can earn money through adsense.