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.
First tokens will be distributed once the token sale is completed. Then with in some weeks of month of time tokens will be added to exchanges. If the project is fake we may not expect that token to be listed on the exchanges.
Every exchange wise they have the norms to add the token to exchanges then they can added by the project manager or owner.
You can check on coinmarketcap to find the token has been listed on exchange or not.