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Can a custom token be priced however much the owner may want? (self.CryptocurrencyDev) (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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Can a custom token be priced however much the owner may want? Can the author put the price of $10k/unit on a token?

The question isn't whether or not it'll then be selling.

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[–] [email protected] 1 points 1 year ago (2 children)

When you create a liquidity pool, you set the initial price. If nobody has your token, people can't sell it, only buy it, so that initial price becomes the bottom.

[–] [email protected] -1 points 1 year ago (1 children)

How does it answer my question?

[–] [email protected] 1 points 1 year ago

You, as the owner, can create said liquidity pool.

That means that you can set the initial price.

So a simple answer to your question is yes.