Hello, could someone please explain how the price after ICO on the exhanges is decided? Is it up to the exchange to decide what the start price should be? I know it then changes proportionally to its market cap but I don't understand how/who decides if each coin is going to be worth 1$, 1.10$ or 1.20$ (for example) when the coin has just been listed.
Also, ENJ coin is currently in pre-sale but they will be doing public crowdsale next month. What is the difference between pre-sale and public crowdsale?
Thank you.
a Pre-sale is a pre-sale
.
Example:
Total coins is 100
Pre-sale 50 coins will be distributed for a price of 1 coin = 1 eth
After the pre-sale starts the crowdsale
Crowdsale 50 coins will be distritbuted for a price of 1 coin= 2 eth.
Main difference between the crowdsale and a pre-sale is the price of the coin. The price is usually lower during the pre-sale than during a crowdsale. The pre-sale also tends to give out less coins that during the crowdsale due to the lower price.