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Author Topic: Is there such a thing?  (Read 192 times)
thinklab71 (OP)
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January 25, 2018, 12:05:29 AM
 #1

Is there such a thing as a fixed price token meaning one with a set price like 1.00 that never changes?
semobo
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January 25, 2018, 12:32:05 AM
 #2

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.
retooled
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January 25, 2018, 12:39:18 AM
 #3

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.
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January 25, 2018, 12:42:55 AM
 #4

Quote
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.  Grin
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January 25, 2018, 01:52:09 AM
 #5

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.

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January 25, 2018, 02:04:36 AM
 #6

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

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January 25, 2018, 02:11:59 AM
 #7

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.

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January 25, 2018, 02:14:18 AM
 #8

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.
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.

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January 25, 2018, 02:25:17 AM
 #9

Tether, however it is not without it's flaws as mentioned above.
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January 25, 2018, 02:27:05 AM
 #10

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.
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January 25, 2018, 02:43:24 AM
 #11

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

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January 25, 2018, 02:44:46 AM
 #12

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.

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January 25, 2018, 02:51:15 AM
 #13

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.
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January 25, 2018, 03:24:00 AM
 #14

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

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January 25, 2018, 03:43:00 AM
 #15

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.
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January 25, 2018, 03:45:01 AM
 #16

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.
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January 25, 2018, 03:48:49 AM
 #17

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.

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January 25, 2018, 04:17:58 AM
 #18

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

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.

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January 25, 2018, 04:19:43 AM
 #19

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.
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January 25, 2018, 06:34:34 AM
 #20

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

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