Post
Topic
Board Announcements (Altcoins)
Re: [LAUNCHED][POW]⚡ELECTRONEUM⚡Offical Moderated Thread
by
kr00t0n
on 06/11/2017, 11:41:42 UTC
copy of post on old thread:

Quote
Could somebody please explain to me, or refer me to the relevant reading material, how the price of a coin/token is determined upon launch ? In the case of ETN, there were not ICO investors selling, only miners, so how did it attain the initial price ? Is it also a simple matter of supply and demand where early miners simply set a relative high price and the demand kept it multiples of ICO price up to now ?

I just want to understand what drives prices at onset when coins is released on new exchange, especially in cases like this where trading is available before ICO coins were released.

Demand. And this is how it is with all coins. They are worth whatever other people are willing to pay for them.