Well I think I have got a better understanding of how price works.
Thanks
Topic: What decides newly launched token price without ICO? (Read 126 times)
Ahh Okay. Airdrop and Bounty Campaigns I know. I thought there are other ways too apart from these two.
Well I think I have got a better understanding of how price works.
Thanks
Well I think I have got a better understanding of how price works.
Thanks
That means dev themselves put first buy order and sell to themselves in order to raise its price, right?
If nobody else had interest in trading the coin, yes the dev could easily manipulate the price.
Like? what other ways?
Have you never participated in an altcoin airdrop? Giving away free coins to the community is often called airdrop. If you look at the altcoin announcement section, most new coins aren't a mineable coin. That's the trend of the past. The current trend is people creating a token on Ethereum or Waves platform then airdropping them to the community. Here's some example (randomly selected):
[🌟Airdrop] ✅ ⚡ ApexCOIN[XXX] ❤ Based on Blockchain Technology
🌟⭐⚡[ANN][AIRDROP][ICO] BITCOIN9X (BTC9X) - Future of Crypto Payments ⭐⚡
So how? What ways? They usually require people to register for the airdrop via an online form + doing some simple task like following their social media, joined a telegram group, etc. Please note that most of these airdrop tokens are just worthless altcoins.
The price is determined by what buyers are willing to pay for it.
That means dev themselves put first buy order and sell to themselves in order to raise its price, right?
Like? what other ways?
It's impossible, who is willing to sell their token at 0? If a coin developer wanted to spread their coin to the masses (airdrop), there are many better ways to do that.
Like? what other ways?
The first interaction between an order in the sell side and in the buy side decides the price. Someone put a buy order at x BTC/token, if there's someone else who wants to sell at that price he could simply make a sell order at x BTC/token and his token would be sale immediately (order executed instantly) and the first price was made.
It's impossible, who is willing to sell their token at 0? If a coin developer wanted to spread their coin to the masses (airdrop), there are many better ways to do that.
I know its the market which decides the price based on buying /selling demand but is it possible that any token's value is 0 at the time of launch and we could buy all for no cost
It's impossible, who is willing to sell their token at 0? If a coin developer wanted to spread their coin to the masses (airdrop), there are many better ways to do that.
This topic is to understand and would be helpful to many in order to save people from getting fooled by scam altcoins.
Lets suppose someone want to launch newly created token on any exchange but they have not done ICO for their project now what decides the initial price of that token?
I know its the market which decides the price based on buying /selling demand but is it possible that any token's value is 0 at the time of launch and we could buy all for no cost
Thanks
Lets suppose someone want to launch newly created token on any exchange but they have not done ICO for their project now what decides the initial price of that token?
I know its the market which decides the price based on buying /selling demand but is it possible that any token's value is 0 at the time of launch and we could buy all for no cost
Thanks
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