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 have 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 doesnt start with an ICO, how the price going to set to launch?
Any expert or experienced crypto enthusiasts can explain here?
CryptoRookie
Definetly,im not so expert about this situation and im not a crypto enthusiast,but based on my experience,since from the start i've joined this kind of investment,its impossible to launch crypto without doing an ICO project development,because its is the one would make initial price value of every altcoins that they create in the market,because without an ICO you cannot launched a product of your investment to be marketable by using your creating crypto coins as an exchange in the blockchain market.