how to sell own tokens when we have no liquidity for uniswap?

[mrfckumn]

hello there,

we have a interesting ICO idea but I don't really understand, how funding works.

Simple example (just easy example numbers)

let's say total number of my token is 10'000'000
We need 1'000'000 USD for development

I can create 10'000'000 tokens and in first round, sell only 1'000'000 on uniswap. But when price is 1USD = 1 token, I need to add liquidity in ETH in size of 1'000'000 USD.
Of course, we don't have 1'000'000 USD yet so..

why the liquidity is needed? can't I only setup one way transaction, like users can only BUY my token, and not to sell it (at the beginning) -> so then, liquidity is not needed but I don't think it is possible.. or is it?

so what are my possibilities? do icodrops like actions?

or can I sell directly?

Users will send me ETH on my ETH address containing my tokens and I will send back at sender address number of tokens?
Like if somebody send me 1'000 USD in ETH, I will send back 1000s of my tokens (1mytoken=1USD) - gas price -> is it possible to do it like this? to don't feed uniswap with their fees at all?

or what are other options? thank you for help...

[webtricks]

Uniswap is not an ICO platform. It is meant to be used as an exchange which works on liquidity pool model. In order to make your token tradable, you need to add both token and base currency (ETH) in the pool on Uniswap.

If you want to directly sell your tokens as ICO, you need to create a contract. There is a standard for it: ERC-20, which defines the standard format of token contract creation on Ethereum blockchain. With the smart contract, you can directly add functionality that if the contract address receives 1 ETH, it will issue X units of your token back to the address. Everything will act automatically.

[mrfckumn]

hi webtricks,

With the smart contract, you can directly add functionality that if the contract address receives 1 ETH, it will issue X units of your token back to the address. Everything will act automatically.

 -> well, that's really smart feature! didn't know about that. and can I change the price after some time, like 1coin = 1eth and after 500'000 token sold, 1coin = 2 eth? is it possible to automate it?

[Tytanowy Janusz]

-> well, that's really smart feature! didn't know about that. and can I change the price after some time, like 1coin = 1eth and after 500'000 token sold, 1coin = 2 eth? is it possible to automate it?

You can do anything you want with your smart contract. You can even code a price curve that will fallow a mathematical formula established by you. The more you sold the bigger the price is. You just need a UI for investors, good programmer and a smart way to attract investors (good marketing)

[Husires]

we have a interesting ICO idea but I don't really understand, how funding works.

You need a specialized CFO team with a marketing team to give you a clear answer to your question. Without these specialists, you are burning your money at a risk that may not return you any money.

Launching a promotional campaign means that your project is unique, which makes users buy and keep holding the currency for thinking that its price will increase.


With out a good marketing team, the price of the currency will not increase, forcing you to inject more liquidity to make the demand for the currency equal to the supply and thus the price stability.

[Review Master]

why the liquidity is needed? can't I only setup one way transaction, like users can only BUY my token, and not to sell it (at the beginning) -> so then, liquidity is not needed but I don't think it is possible.. or is it?

Uniswap is an AMM (Automated Market Maker) platform where liquidity is the main things to do trades or buy-sell of any tokens. BTW, any projects can do IDO (Initial Dex Offering) to rise funds as there are so many IDO platform to help new projects if team is solid with their roadmap or product development. So, best to apply for ido and than list on uniswap as it's the best way to list tokens without any large listing fees.

[X-ray]

That means you should learn more about that, the liquidity pool on uniswap can be added by you or others that interesting with your token. If there's no people interested with it and you should not expect you can sell your token.
You should also attract people with your project. It's about so many things like reliability, how good your idea and many more.
The most difficult thing to attract the buyers.

If you have no demand for your project and you must forget it to sell your token for money.

[mrfckumn]

guys, you were really helpful. I'm already studying solidity, smart contracts, openzeppelin and it is really more complex than I was thinking - but thank you for showing me the right direction to look in