Control the price of a cryptocurrency

[Vomiz]

I was wondering, if and how I can back the value of a cryptocurrency by a material like gold, silver, bronce ect.
Is it even possible to prevent the value of a coin to be influenced by offer/demand or other general factors.
The max supply will be always the same in theory.

Thanks for help

[MFahad]

I was wondering, if and how I can back the value of a cryptocurrency by a material like gold, silver, bronce ect.
Is it even possible to prevent the value of a coin to be influenced by offer/demand or other general factors.
The max supply will be always the same in theory.

Thanks for help

There is no easy way to do it. Private tokens and side chains can provide the most control, but that is still only as strong as the people that trade the tokens. There have been attempts to back a token or coin with capital and/or assets, but there is no true link between the two and the clients have to trust the holders of the capital to leave it in place.

You have to develop and very controlled trading system to control price and it is still open to manipulation.

[Nathan047]

I was wondering, if and how I can back the value of a cryptocurrency by a material like gold, silver, bronce ect.
Is it even possible to prevent the value of a coin to be influenced by offer/demand or other general factors.
The max supply will be always the same in theory.

Thanks for help

You *could* just have a portion of whatever you want to back a coin or token (a token would probably work best for this), but then everybody would have to trust you (a centralized source) to continue to back their digital assets.

Tether does this in a similar fashion with USD, perhaps you should check that out if you’re interested in doing something similar.