Waves ICO - backed by waves? | Bitcointalksearch.org

yonghongtang

sr. member

Activity: 483

Merit: 250

Quote from: blazerculj on July 12, 2017, 09:54:35 AM

I'm just brainstorming, because some crypto is backed by let's say gold (xaurum)... why not backing new crypto with some reliable crypto let's say BTC, LTC,...

The problem is how to claim reliable crypto.I have to say, there's no reliable crypto in the crypto world.

Waves ICO =! backed by waves

blazerculj

newbie

Activity: 27

Merit: 0

I'm just brainstorming, because some crypto is backed by let's say gold (xaurum)... why not backing new crypto with some reliable crypto let's say BTC, LTC,...

The Goat Master

hero member

Activity: 868

Merit: 502

Quote from: blazerculj on July 12, 2017, 07:16:48 AM

Can this be done, that tokens are backed by waves or is this already done?

Like you put 100k waves into a token and create let's say 1million tokens. And that 1 million tokens could be exchanged any time for 100k waves (so 1 token to 10 waves) - and price of tokens would be relative to waves price also.

Is that possible or not?

I don't remember that it's done before on Waves Platform.

ether19

sr. member

Activity: 532

Merit: 250

BTC. ETC. EOS

Quote from: blazerculj on July 12, 2017, 07:16:48 AM

Can this be done, that tokens are backed by waves or is this already done?

Like you put 100k waves into a token and create let's say 1million tokens. And that 1 million tokens could be exchanged any time for 100k waves (so 1 token to 10 waves) - and price of tokens would be relative to waves price also.

Is that possible or not?

I don't think something like this has been done on the Waves platform. I can't say for sure, as there are so many shitcoins created on Waves and available on the DEX. Are you planning to do a Bancor- like coin on top of Waves or something? May be, you need the help of Smart contracts to implement this type of feature.

Mallyx

hero member

Activity: 1138

Merit: 574

Quote from: blazerculj on July 12, 2017, 07:16:48 AM

Can this be done, that tokens are backed by waves or is this already done?

Like you put 100k waves into a token and create let's say 1million tokens. And that 1 million tokens could be exchanged any time for 100k waves (so 1 token to 10 waves) - and price of tokens would be relative to waves price also.

Is that possible or not?

To create a token, it cost 1 Waves.
The value of your token is decided by the market.
If you want to decide the price of a token, then it's an ICO.

blazerculj

newbie

Activity: 27

Merit: 0

I get it, I don't want to do that.

But just asking, do you just pay 1 wave or so to create tokens, or can you back it up with let's say 100k waves?

ArdiPrabowo

hero member

Activity: 644

Merit: 500

if you want create new altcoin
whatever platform youre use, etherum token, waves token or more, you must good project and good team
if only create token and then open ico selling without good thread, plan project and good team is imposible can succes

you can create total coin you want, one million 100 million, one billion is not problem

blazerculj

newbie

Activity: 27

Merit: 0

Can this be done, that tokens are backed by waves or is this already done?

Like you put 100k waves into a token and create let's say 1million tokens. And that 1 million tokens could be exchanged any time for 100k waves (so 1 token to 10 waves) - and price of tokens would be relative to waves price also.

Is that possible or not?

Topic: Waves ICO - backed by waves? (Read 422 times)