ahmedsamir (OP)
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Activity: 42
Merit: 0
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July 18, 2020, 05:23:54 PM |
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Dears,
Am working now to create new coin "Token" on Ethereum BC but I need some answers for my questions to hope to find it here:
Overview:
I have a system (ex. booking) and the users will take coins in case of using my system
Questions:
1- How to set the price of my coin?
2- How to set the total amount of coins to used?
3- Can I add my coin in the trading platforms?
thanks
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jackg
Copper Member
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https://bit.ly/387FXHi lightning theory
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1- How to set the price of my coin?
Work out the value of what you're offering overall and then set the price to the mktcap of that. But what is it your coin is trying to do? Why would I want it?
2- How to set the total amount of coins to used?
The total number of coins available will be defined by the smart contract that produces the erc token.
3- Can I add my coin in the trading platforms?
Yeah most companies will charge a fee between around $2000+ to add your coin to their exchange afaik. |
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jossiel
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July 18, 2020, 05:55:51 PM |
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What's the purpose of your coin? I think before creating a coin, you already have a plan for those things. You're not just creating a coin for a game but it could create its own economy and you are going to be responsible for it.
I'm sorry but if you don't know how to answer those things as a creator of that coin, you need to learn more about it.
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BIT-BENDER
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July 18, 2020, 06:15:17 PM |
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Are you a dev?
Why is your question about what price to place your token?
Do you have a knowledge of the token thrown in like a rugby ball into cryptocurrency?
May i, if you can listen talk you into bitcoin, if you have an idea -in your head already- and you want to Integrate crypto-coin into it. Get the idea, don't create any token -chances it will crash like a rocket launcher- use bitcoin in place of any token.
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daneal stev
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July 18, 2020, 07:39:47 PM |
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First, what is the purpose of this currency and its establishment? As for determining the price, you can place it according to the sums you have spent on the currency project, where you can put the currency and its price within the mktcap. And a confirmation champ, you can add your currency to the platform, but you need to pay the money until it is added
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ahmedsamir (OP)
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Activity: 42
Merit: 0
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July 18, 2020, 08:51:22 PM |
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Thanks for all replies:
About the value and the purpose question:
- As I pressed that I need to build coin for my booking system. the system I think from my point of view is valuable and will be good to build it or at least start and take the risk.
About price
- I read a lot about it but I conclude that "am the owner and I can set the price whatever I want", but I think there is a theory to set the price well and be realistic, for example:
If I have 1000 Coin Holder the price will different instead of having 1M Coin Holder
I set a price but I just thinking in more logic or theory
About the leaning
- I really read a lot but the problem I get different Ideas and maybe opposite tracks this make me confused
New Question:
- Which countries that accept to establish a crypto company? based on my research there are Malta, Hong kong and US , what your choose and why?
thanks
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Pffrt
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July 18, 2020, 09:14:51 PM |
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1. The price of a coin is determined by the market itself. If you are helding an ICO, you may check everything about the project and fix a pricr.
2. It depends on you I think. How much coin do you think should be available? If you think 100k is a good amount, that's okay. It's up the economy of where you are using the economy.
3. Yes you can but if no one knows it and trade it, this will be worthless to list the coin. Try to let people know about project.
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CandelaCoin
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July 18, 2020, 09:16:29 PM |
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You must consider the total supply, Amount of tokens you wish to sell in the ICO, and then the amount you wish to raise in the ICO. As far as getting your token on exchanges, you should ICO first. IF there is sufficient demand for your token, then you can reach out to the exchanges and apply.
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UmerIdrees
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July 19, 2020, 10:29:44 AM |
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New Question:
- Which countries that accept to establish a crypto company? based on my research there are Malta, Hong kong and US , what your choose and why?
thanks
How does this question is relevant ? If you want to develop a coin and establish a crypto company, you should only consider if it is allowed in your country. Tell us which country do you belong and is crypto legal in your country ? |
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anu1908
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July 19, 2020, 11:35:51 AM |
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How does this question is relevant ? If you want to develop a coin and establish a crypto company, you should only consider if it is allowed in your country.
you can register your business on another country but run the business on another one, either to save fees or to find better law for your business. |
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The Cryptovator
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Activity: 2394
Merit: 2226
Signature space for rent
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July 19, 2020, 11:53:18 AM |
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Regarding your price question, I have another question. Are you asking about initial price or trading price? If it's about initial price, then its depend on you. If you are going to distribute your token (since it's on an Ethereum block chain) then you have placed price into a smart contract (on codes). If you are going to distribute via your website then you are able to place or edit price on the website, then not necessary include pricing on smart contract (on codes). If you are asking price during trading, then totally depends on traders, exchange, volume, circulation supply, total supply and community. You can't handle price after release tokens and after listed on the exchange.
Total supply should fix in the smart contract (on codes). It's depend on you how much will you deploy. Circulation supply depends on sale and trading's. Listing price depend on the exchange, if you choose worst exchange then it would be 0.5BTC or if you choose high reputed exchange then it would be 50BTC as well. Of course, you should have a potential concept in order to get listed on reputed exchange.
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Signature Space for Rent
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Lordhermes
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July 19, 2020, 12:23:02 PM |
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New Question:
- Which countries that accept to establish a crypto company? based on my research there are Malta, Hong kong and US , what your choose and why?
Many countries accept it but depending on the country policy on money laundering, South Africa uses crypto as a means of payment especially having An ATM for transactions. |
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robelneo
Legendary
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Activity: 3416
Merit: 1226
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July 19, 2020, 01:02:17 PM |
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Dears,
Am working now to create new coin "Token" on Ethereum BC but I need some answers for my questions to hope to find it here:
Overview:
I have a system (ex. booking) and the users will take coins in case of using my system
Questions:
1- How to set the price of my coin?
2- How to set the total amount of coins to used?
3- Can I add my coin in the trading platforms?
thanks
I did not see the word crowdfunding in your thread so you are not going to launch crowdfunding am I right if that so you can set the price to a minimum and let demands set up the price On the total amount of coins to be used, you need an insight to decide this, it depends on your project and the reached of your project what industry is or are it targeting you need to do feasibility to reach a decision On adding the coins in trading platform, if it was created in Erc 20 you can use decentralized exchange and it's free |
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