Bitcoin Forum

Is there such a thing as a fixed price token meaning one with a set price like 1.00 that never changes?

What do you mean by the fixed price token? Are you speaking about the price of token at the ICO?.

The price of token or coin will be only fixed at the time of their ICO sale and when it listed on exchanges the price will change according to its demand.But most of the token will lose its value when listed on exchanges because investors of the tokens will sell their holdings to make money out of it.

Yes its called tether and it has the potential to bring the market crashing down because they likely "printed" too many and likely do not have the USD to match each one. Just hope that everyone doesnt decide to cash out at once.

Don't run to conclusions too quickly ! We are still waiting for the results of the audits concerning the USD reserve. If I die before I get those, maybe my grandchildren will know if it's finally good to invest in Tether.  ;D

Only tether that i know backed by usd thats mean the price always 1:1 with us dolar, sometimes the price go like 0.98 to 1.02 or something and there to many of them, this years there 20% more tether supply added. But ive heard there some gold miner company want to make cryptocurrency with gold backed thats mean the price of that crypto determinant by the price of gold or whatever precious metal they want.

Yes. I have seen a token asides from Tether but I can't remember what is it. I just saw it in a youtube advertisement. It says that it has a fixed price or like Tether, not sure which of them though.

You mean fixed price token? I think if this could happen in one token, no one will be invest on that token. Because they wouldnt get any profit on that token. Why? Because every transaction here has a fee and if the price of that token will not increasing like other token, the investor will be unprofitable. Thank you.

The problem is that they can't proof that they back every tether with a dollar . They have been asked countless times and they haven't been able to show something. So at the moment the best thing to do is just go trough the hassle to put it to usd i you want.

Tether, however it is not without it's flaws as mentioned above.

Its pretty well known that tether does not have the usd to back up the amount of tether that is printed.  Eventually this is going to have a huge effect on the market and will eventually cause a big crash when people realize their tether is actually worthless.

There are many considerations to know when we speak about fixed price. First, token's price changes over time  especially when it is alreday listed on the different exchanges. It also govern by the demand and supply that makes the price unstable from time to time. Second, token's price will fixed when it is still under Initial Coin Offering or ICO. The reason for this is because developers wanted their projects to become successful thats why they must put a fixed price to the tokens or coins. Remember that coins prices will always change as the currency also goes ups and downs.

Well for now i am only aware of USD Tether which usually fluctuates around one dollar,though it is never literally fixed at that price.I'm not sure ther can be a coin that stays fixed literally because of the highly volatile nature of cryptocurrencies.

I think, as others have mentioned, the only coin you could be talking about is USDT, but that's really risky considering all of the hubbub that's been going on recently and how untrustable it seems. There's some shady business of how much some companies own and how much they print, so I'd advise staying away from that sort of thing and just sticking with the USD option on places more trustable, like Coinbase. You're essentially keeping it in some limbo state that is officially tied to 1 USD anyways when you do that.

Ytether should become your best answer. Tether tries to act like dollar/ fiat currency which has a stable value. But it looks tether is the only one because in my experience I don't ever see another crypto or especially token that tried to compete with tether.
Is there another question about that?

I think there is no such fix coin like that here in crypto. Perhaps let's assume there is a fix coin and that coin is the most helpless one no chance to increase the value. What if the project of coin become popular and successful still no chance to increase the value. That could is always stagnant I think.

Well, so far I have never seem such. But I will say the sweetness about this altcoin in general is the rising and dumping of the coin because if the price is fixed I don't think that altcoin will be drawing massive attention of the as it happening across the globe as it is doing today.

seems like so far tether is the only fixed priced but it's printed unlike other coins that is digital, there is'nt a single coins that has a fixed price their price always depends on the law of supply and demand and other things that affecting it.

Yes, there is a coin with a 1 Dollar fix price and they call it Tether. One critic named Nathaniel Popper says Bitfinex created Tether as a pump and dump usage for their cryptocurrency exchange.

It is possible that such a thing will soon be done by the Japanese. Their largest bank Mitsubishi UFJ Financial Group plans to launch its crypto-exchange, which will be supported by the Japanese yen.

There is no such as fixed price with any token because the more demand it needs by the people, the more the value increased! 8)

Yes, of course, such a coin exists and is called such a project Tether USDT, of course it has its own mini volatility in case of market maneuvers, but I think in order to finally save your deposit, you will have enough of this checkpoint to use it and wait for this storm, sell more expensive and buy cheaper.

When I first saw this idea I still feel a bit mean. But after seeing your reply, I found out that this is really useless. Fixed price will not lose money but will not appreciate. This token really does not make sense.

The ICO price is different in the market price because of the price in the market is depend on the set price to be sell. User sell there token in cheaper price.

But so far I've never seen it, if what you mean is the price of one coin with another, I think no.

I suppose that Tether is the altcoin, which value is pretty stable (not the same all the time). Its price equals a dollar, and all the time it is available for this money. Just have a look at its chart: https://coinmarketcap.com/currencies/tether/

How does tether keep the price at 1.00?   when all others go up and down?

Usd tether is the only cryptocurrency that have fixed price because its price is always equivalent to us dollar. and the reason why tether keeps its price is because its price is not determined by supply and demand so even there are only few people that use tether it will not affect the price. this is why traders convert their coins to usdt whenever there is a bear market.

There are a lot of projects of this kind, as far as I know, but one must surely be sure that this project will not collapse sooner or later, because it is invested by quite a large number of people when the market is in the process of correction