Hello there, please i help. Please Pardon my in experience.
Am planning on a project but will like to run an ICO maybe after like 3 - 4 Months after launch, but i really want to be sure of what am about to do.
My project simply receives payment via Bitcoin, and may be we will add ETH later.
But i know its possible to offer to sell your own token but it need to be useable on the site itself so i read.
Now am proposing to Develop a token on Etherum, and connect this token to the site for funding an account. I also read that it's possible for this token to be traded. So owners of the token can either trade it on exchange or use it on the site
I hope am correct to this extent.
My main worry now is.
If for example 200,000 worth of token is sold for $0.01 each, it means you would need 100value of the token to buy something worth $1 at the present token value.
How will the value increase? Does it mean that we will be giving back what was sold in the token? If not, how will the value increase via exchange?
Values of your token will be set by supply-and-demand limits.
If there is a greater demand on the coin then the supply, the coin will go up in value. If there is agerater suppy, the inverse will happen and the coin will start to decrease in value.
Therefore, your coin/tokens value will be set by the people using the exchange itself and placing Buy/Sell orders on it.