Thank you for your reply
I do believe you only addressed a part of my second question. I understand we will be buying at the market rate, but who sets this market rate "initially"? Do you put a big sell order of the total supply or will it be multiple sell orders at different prices? So when the first sell order is bought, more tokens can only be bought at a higher price. After this, of course, the market can take its natural course.
Thanks for answering
Right, we need to maintain multiple markets while the ICO is going, btc/waves/eth plus direct sends plus paypal, and keep the relative price the same across the pairs (limit arbitrage). Initial price is $0.05 and depending on demand we will raise the prices gradually. You're welcome to try to buy low and sell high, if you want to take the risk. Looks like there will be a lot of demand!