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.