ICO are hot and especially HOT since 2017
Bitcoin fork, Ethereum, NEO make tons of new cryptocurrency available to market.
But I wonder that the cryptocurrency value is decide by the market, aka exchange like bittrex, bitfinex
Some crypto's whitepaper do set the initial price in whitepaper but mostly doesn't
So the initial price is decide by who? By the crypto founder, exchange or "secret man behind"?
Another question is let say the price has a ratio during ICO, 1 BTC = 100 CRYPTO, so the price per CRYPTO = 0.01BTC, so when they enter exchange, the price will start as 0.01BTC?
But what if the CRYPTO doesn't start with an ICO, how the price going to set to launch?
Any expert or experienced crypto enthusiasts can explain here?
CryptoRookie
Hello! Yes, it is possible but is unlikely. The role of an ICO is also to promote on a larger scale. Airdrop and bounty are also used for the same reasons. In my opinion, the higher the ICO's value, the greater the confidence of investors is. We have to keep in mind that the
most ICO's are scams. Wish you best of luck!