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.
It's just pure supply and demand, if you are seeing the developer already putted the fixed price for altcoins but that doesn't work because the market will try to decided it. Exchange just try to list it, seller and buyer will try to determine the real price for each token.
It can, just like EBTC token.