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.
Everything depends heavily on the state of the market, if it is on the rise, when the token is listed on the exchange, it can cost more than the price on the ICO was, when the market is in the price can be often lower, also it depends when the tokens for the bounty company where distributed, usually the price of the token is peaked a few days after the listing, and then everyone forgets about the token and the next pump will happen only after good news or a list on a new exchange.