I was under the impression that the price of an ICO’s token was calculated by the total amount raised (in fiat) divided by the total number of tokens sold during the event. However, as I’ve been doing research, this does not seem to be the case a majority of the time. Is the token price simply decided by the project or is there a mathematical why of figuring it out using token metrics? Thanks!
The price falls when entering the stock exchange often, because many people, who bought at Preico, want to fix profits and participate in the new project. After that, if the project does have a good business model and team, the token price increases.