Hey forum,
I've recently joined a team of developers and we are expanding our business to include cryptocurrency. We are at the early stages of planning and we are currently discussing what the total token supply should be.
I've written an article about valuing an ICO or your investment on Steemit here (
https://steemit.com/cryptocurrency/@stevenamar/how-to-value-an-ico-and-your-investment-read-how) last month. The basic idea is that the less supply there is in circulation, the more valuable the token. The more supply of a token, the less valuable the token. This is all theory and based on short term logic. Feel free to read.
We are launching an application which will allow you to pay for services using our tokens or fiat currency.
Before getting to the polls, ask yourselves:
What criteria do you think we need to consider when determining the amount of total supply created? Does it even matter how much we create? For ex. what difference is it if you have 2 coins valued at .50 cents or 1 coin valued at $1?
Please feel free to ask questions, all ideas are welcome!