Hi all,
I am new to cryptos and I have a very basic doubt(may be it is stupid)
For the tokens and coins that had ICO or funding, the value/price of the coin will be backed by the money from ICO/funding.
But how are the coins like DeepOnion which only airdrop and mine the coins get their value?
I am confused.. How will the exchanges decide their price?
Thanks for explanation, in advance..
There are two methods to describe the price of each token after the fundraiser already successful, the first you can try to divided the total amount already collected by the team and try to divided it with the total supply of the token or the second it already described by the fixed price at the token sale. I am new to cryptos and I have a very basic doubt(may be it is stupid)
For the tokens and coins that had ICO or funding, the value/price of the coin will be backed by the money from ICO/funding.
But how are the coins like DeepOnion which only airdrop and mine the coins get their value?
I am confused.. How will the exchanges decide their price?
Thanks for explanation, in advance..