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.
Guess the Exchange price of Cryptocurrencies are based mostly on their demands. If a Coin has irresistible potential, it will be in high demand and the value will further increase. If it has little potential and the quality is low, most people will dump it and the price will fall. Though dumping of coins immediately after listing on exchange or airdrop distribution don't usually determine the potential/quantity of a Cryptocurrency. The dumper are there for short-term gains or they don't care about the project.