ICO are hot and especially HOT since 2017
Bitcoin fork, Ethereum, NEO make tons of new cryptocurrency available to market.
But I wonder that the cryptocurrency value is decide by the market, aka exchange like bittrex, bitfinex
Some crypto's whitepaper do set the initial price in whitepaper but mostly doesn't
So the initial price is decide by who? By the crypto founder, exchange or "secret man behind"?
Another question is let say the price have a ratio during ICO, 1 BTC = 100 CRYPTO, so the price per CRYPTO = 0.01BTC, so when they enter exchange, the price will start as 0.01BTC?
But what if the CRYPTO doesnt start with an ICO, how the price going to set to launch?
Any expert or experienced crypto enthusiasts can explain here?
CryptoRookie
Edited: Can have example for crypto without ICO? Thanks
It is not possible to start ICO without cryptocurrency. Because, Launching an ICO on the blockcahin platform like Ethereum , stellar, stablecoin, neo etc. These are not blockchain platform just using the blockchain technology to create a platform. Originally these are the cryptocurrencies, as well as these are spell by crypto token. Without crypto can't possible to launch the ICO.
Need to launch an ICO in blockchain platform,
Choose the best ICO development company