Yes I am new, but learning thanks to you all.
When Starting a new coin, how do you know what to set the initial value of the coin?
Can you set it at something like 1.00 if not listed on a exchange?
The people of this coin will only be trading it for a year before they start to sell it at market value.
Just need to know how to put an initial value for the coin, I know not all coins are in the exchanges so how do they place a value for it.
Please list your wallet ID and I will send you a small amount of bitcoins for real answers.
Some coins do an ICO for investments at some fixed coin price (i.e. 1000 <YOURCOINHERE> = 1 BTC) or some rounds. After the initial money is acquired (they first premine the coins for the ICO), the value is set and the BTC is spent in anything the developers or ICO doers want. They usually premine another bunch of coins to keep for profit (they will be dumped at the set price once they get on an exchange) and to pay to developers/helpers for coding or campaigning the coin through this site, facebook or twitter. Some coins are also bounties for different tasks.
In other coins they just show the new characteristics of the coin, premine some, offer them at some intrinsic value as prizes, payments or bounties as in the ICO case, and then they list them in an exchange and start putting a sell offer at the desired price. If anybody buys, the show starts.
I hope this answers your question. My BTC donation addresss is in my signature.