Author

Topic: Does a Wrapped Token affects a Coins price? (Read 66 times)

legendary
Activity: 3108
Merit: 1029
November 15, 2021, 10:09:26 AM
#2
Hi. As the title says: Does a Wrapped Token of a Coin affects the price of the Coin?
It doesn't affect the price of real coin. I guess wrapped token = real coin. I meant about wrapped token equally with 1 real coin. that means wrapped tokens is just a new token that backed by real coin but it has 1 = 1 value with the real coin that used to backed the tokens.

Are there any ICO's where you can buy the Wrapped Token before launching? Is the price of a Wrapped Token equal to the "original" Coin?
There are no any icos like that. As far as i know that wrapped tokens were just an initivative from the developers who wanna try to create a coin that based on another blockchain. Sometime there was a coin that used its native blockchain that can't be integrated or being compliant with another blockchain. Sometime the dev think that they could launch a new wrapped tokens.

You can see this on their roadmap whether they have a plan to launch their own wrapped tokens or not. This thing will be done only by a popular project.
Launching wrapped token was not an easy thing.
member
Activity: 64
Merit: 16
November 15, 2021, 08:27:05 AM
#1
Hi. As the title says: Does a Wrapped Token of a Coin affects the price of the Coin? Are there any ICO's where you can buy the Wrapped Token before launching? Is the price of a Wrapped Token equal to the "original" Coin?
Jump to: