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
Edited: Can have example for crypto without ICO? Thanks
Since ICO is the trend that most investors grabbed because its token were cheap and with discounts,its a crowdfunding raised for any initial coin for start ups and i can see that this is very important in introducing new coin in the market.I have an example of a coin that doesn't have an ICO.. MSD,or monspace dollar,as far as i know investments is run by different businesses.Its value was very little in the Coinmarket cap but investors hoping it would pump up in the coming years.