What is back of Coin Market cap?

[kmvk2008]

Hello Guys
I am interesting example: New Coins add on market and trading price start from 1$.  Where come this price? I mean, what value is back of coin?  

[dzkazmi]

What do you mean? You mean who set the coin price? I believe being a dev you set the starting price of a coin while your coin get listed on the first exchange. From there buying and selling of coins formalized the pricing.

[nakauten]

The coin developer set the base amount of the coin,after the ICO or the initial coin offering the investors and bounty hunters will decide how much it goes.Its all about demand and supply.

[seizetehday5]

I believe the value is derived from the miners and how much $ they spend to produce it. They then set the market price for what they will sell sometimes at a loss sometimes for a profit. Pretty sure thats where the price begins

there and after that the free market takes control of it.

[joselitobayagbag]

Thanks for the information you have,a good and simple explanation for a newbie like .So it is depends on what the investors and bounty hunters behaves after the coin listed in the exchanges?

[Mister1k]

Hello Guys
I am interesting example: New Coins add on market and trading price start from 1$.  Where come this price? I mean, what value is back of coin?  

You want to know the coinmarketcap team how the coins are been added to the list. If you want to know the how it is been added that is been published in their site information faq page itself.
Coin price decided by the owner of it and once it is been reached to market. Value will not be control on it and it is been managed automatically according to the supply.

[kmvk2008]

It means, DEV set price and create buy and sell wall starting time?