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.
Mostly the people creating the icos have the price that they have put on it before they started selling the coins which they refer to as the ico price but once the coins hit the exchanges then it is the people that are buying and selling the coins that are determining the price from then on out. The traders are very important because it is with trade volumes that the price of the coins move.