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.
Im not sure but i think it can be determined from its ICO price as well as market capital of the project itself. What mostly happens id hat, tokens with high market cap are having low market value. Also, when the ICO rice is 20usd, expect that its market value will be around 10usd. If you may observe these are just mere observations. I think a coin would still be listed without project but ofcourse it wont be as that popular.