Since cryptocurrency values are currently decreasing rapidly, participating in ICOs has effectively become steeper potentially.
I have seen ICOs announce their token price and market caps either as:
- A fixed ratio to dollar (to be converted to ETH on ICO sale date).
- A fixed ratio to ETH (or other cryptocurrencies).
Some ICOs react and revise the price/caps before going live (for example, WePower did it recently
https://medium.com/wepower/updated-wpr-token-pricing-9c219b571ad), but not all do.
How do ICOs adjust to these cryptocurrency vast swifts in your experience ?
I think mostly ICOs developer use fiat money as standard of price in their projects, they can revise the price/cap is like wepower's ICO, it must be done because the company behind of the ICOs projects must get the target soft cap and hard cap on their projects, that is best choice to be sucessfull in the ICOs projects to get new funds and expand their business, however the cryptocurrencies are still new in the world, so the volatility are very high, they are too dangerous to be currencies.