Hey guys,
Question I have is: once an ICO is over and later an ALT coin/token gets listed on exchange, how is the price of the ALT determined?
Is there for example a formula that is used by exchanges based on ICO sale price or is it just pure supply/demand? So in the case of the latter, does the exchange simply list the coin and let the buy/sell orders drive the price?
Also to add to this question, if an ICO decided to give away ALL it's coins/tokens as an airdrop, can it still be listed on exchange? Or that would not be possible?
Look forward to feedback on this.
Price is deteermend by supply and demand. If you pay attention closly most of tokens when get listed have dips if not huge dump, because people who got in early are selling their bags. Later down the road when project of ICO company gets lunched and if it is a good one price can move up. If tokens were airdroped it is possible to create value for those tokens, why not? As this is even how bitcoin gained value. However if you opt for ethereum tokens there are DEXes built around it which means that your tokens will be listed like automaticly such as on etherdelta - tho it may take longer for price to move up all depends on your project.