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.
price is determined by sellers and buyers. starting price is set by the owner and then buyers/sellers decide where it goes from there. sometimes there is wall to keep it from falling below ico price sometimes there isn't and market completely decides the future. generally doesn't happen since no one wants to see their alt going down the drain but sometimes it does depending on your choice.