Will you buy a token if its price never went up and you could never sell it?

[Silberman]

Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)

You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.

Will you buy this token?

Feel free to explain and tell me if the price would be a factor (eg. if the token was sold for $20 or $2000).

I wont buy a token like that, by the description we’re talking about a token which behaves as some sort of collectible, but even those which buy collectibles do so with the idea of eventually resell them, only those which are true fans of their favorite sport team or rock band will think about buying something and then never sell it, however despite the results of the poll the reality in the ground is that NFTs are indeed quite popular, and even if people buy them with the intention of reselling them they find themselves unwillingly participating on the scenario you're presenting.

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[dansus021]

is it obvious what the point of token if you can sold it, instead you can give yourself rich because people buy the coin from you

[yhiaali3]

I don't understand why I would buy a token if I can't sell it, even if the price of the token rose hundreds of times and I couldn't sell it to someone else then it is useless, if the token is like NFT for example where I can get unique features and powers of a special kind then I can buy Even if I can't sell the token because I will get some important benefits as a result of holding the token.

[GeorgeJohn]

Buying such token, it will take you a two dimensions to decide of buying such a token, because for you to buy such token what should come to your mind is to leave the token for numbers of year incase the value can be tradable in future time. And it's obvious that not everyone that will like to buy such token, because the profit or the benefit is not really assured within the time it's launched. So i will buy and hold until it becomes relevant

[Mpamaegbu]

Hell no! Why would I do an irrational thing like that. Honestly, I don't think anyone would do that. Except they don't realize it can't be sold after they've bought it. If the likely scenario were that it could be sold at the same price of purchase it would've made sense like in stablecoins. Since it can't be sold, it will be worse than hodling a shitcoin even if they're NFTs. I won't be buying any token for the pleasure of just hodling it.

[nutildah]

You're describing Soulbound Tokens. Sounds like they're about to be the next big thing, and people will buy them.

https://cointelegraph.com/news/soulbound-tokens-play-a-big-part-in-this-new-metaverse-which-plans-to-give-users-citizenship

SBTs are a new approach to cryptoassets that has been championed by Vitalik Buterin, the co-founder of Ethereum. He was inspired by a feature found in World of Warcraft — and those with long memories will remember that this game was a crucial reason why he wanted to establish this blockchain in the first place.

Soulbound items cannot be transferred or sold to others — and Buterin's argument right now is this: This functionality currently can't be achieved through the ERC-721 standard. In a blog post published in January, he wrote: "If someone shows you that they have an NFT that is obtainable by doing X, you can't tell whether they did X themselves or whether they just paid someone else to do X."

[pooya87]

people will buy them.

So far the community is disagreeing with your opinion.
Besides, we are not looking for silly people who have money to waste and buy anything you throw at them. They are the minority handful.

[GreatArkansas]

Let's assume that I create a new token and this token has two main characteristics:
(.....)
Will you buy this token?

Depends on other characteristics of the coin as you only mentioned two.
If there's any way I can make profits or give back my capital, I'll buy it. Or even if it's at a cheap price, I'll buy it too.
But the thing it cannot be sold seems a very big lose just incase especially if this is expensive, which majority of people won't buy it.

[Getmon]

I don't get it. Why are we going to buy a stable coin with unlimited supply that is non-sellable? You are not referring to fiat right? Fiat can increase and decrease its value and it can be exchanged for either materials, services and other fiats.

What is mentioned in op would be the worst coin ever if it exists. But maybe the coin has its features. Just like VIP memberships on some stores that give big discounts.

[cryptoaddictchie]

The fact that I couldnt sell it to anyone or market is a pretty red flag means there is something wrong with the codes. Also the owner who can create or mint any amount of tokens is not good. Knowing these two alone would definitely a bad publicity already for the project assuming its a decentralized one.

But when the token is hyped on some market surely people will jump into it regardless whether it has utility or not. Ive seen how many degens are like this. But its a big NO NO for someone who are doing a research and not concern about easy money.

[Joseph Knight]

Sure. Of course.

I do assume that these tokens would be like permastaked , and you'd get some other tokens that you could get value out of.
Or maybe if the token gained access to something else one would deem valuable??

So the answer is yes, as I helped make of your question that had an answer no if your goal was to make a profit.

[Frengki_cisco]

Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)

You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.

Will you buy this token?

Feel free to explain and tell me if the price would be a factor (eg. if the token was sold for $20 or $2000).

I will not buy tokens as you mentioned, our goal is to trade and invest to get profits in buying and selling, if tokens cannot be sold, of course it is not a good idea to consider.

Tokens are always changing all the time there people can get what they want, if the tokens don't move it's not beautiful to play with.

[Marvell1]

Are you describing fiat before bitcoin was created?

Because those were 2 characteristics of fiat for me back then, since I didn't have access to another currencies, so my local fiat currency was the only option I could use, therefore it was impossible to sell it. Moreover, without access to other currencies the price of my native currency was always fixed.

I don't miss those times and for that reason I wouldn't adopt this kind of token. It's too restrictive and goes against the wide freedom we are looking for when dealing with cryptocurrency.

But at least fiat can be used to buy and sell goods or can be exchanged for another currency. I am thinking of him as referring to a scam coin, there are a lot of coins created and sold on junk exchanges or DEXs. It is only possible for us to buy coins, not to sell them or convert them into any other coins. It could be said that when purchased, it is a bit like buying a collection that is of little value to hold in one's hand and admire. Surely no one wants to buy such a coin, if so, only those who are new and ignorant in the market will be fooled into buying it.

[nutildah]

The "community" you speak of probably knows about as much as soulbound tokens as you do. Don't worry I won't interrupt your exercise in confirmation bias any further.

[yazher]

Well! no one gonna sell their tokens when they announce like this because as you can see, these shit coins have their own groups on Telegram or any other social media and they are always giving their investors fall promises to make them believe that they gonna multiply their money when they will gonna invest early. Therefore, these people continue to beautify their road maps to attract more investors. That's why when investing in the crypto market there are lots of guides to warn you not to get victim to these false projects.

[tygeade]

Are you describing fiat before bitcoin was created?

Because those were 2 characteristics of fiat for me back then, since I didn't have access to another currencies, so my local fiat currency was the only option I could use, therefore it was impossible to sell it. Moreover, without access to other currencies the price of my native currency was always fixed.

I don't miss those times and for that reason I wouldn't adopt this kind of token. It's too restrictive and goes against the wide freedom we are looking for when dealing with cryptocurrency.

But at least fiat can be used to buy and sell goods or can be exchanged for another currency. I am thinking of him as referring to a scam coin, there are a lot of coins created and sold on junk exchanges or DEXs. It is only possible for us to buy coins, not to sell them or convert them into any other coins. It could be said that when purchased, it is a bit like buying a collection that is of little value to hold in one's hand and admire. Surely no one wants to buy such a coin, if so, only those who are new and ignorant in the market will be fooled into buying it.

You could use it for buying goods, or selling goods, but at the same time we are talking about something that is quite effective on payment method. However, we are talking about something that is about investment and we shouldn't really be worried about the payment part of it.

If you were given a choice to invest into something that never goes up, always goes down in value, and you could never sell to get rid of it, then would you "invest"? That is the question and to be fair everyone would say no. That is why I never try to have fiat as investment, I always invest into other things, I am going to start getting into debt just to get some good assets like these as well eventually.

[AnonBitCoiner]

I will buy only those coins which has high volume and there no wait for sell if I need to buy at current rate. These kind of coins generally found in low value exchange like Azbit, Coinsbit and Coinstore etc. Buying these coins are very risky and I am not in favour of taking risk.

[tvplus006]

...Will you buy this token?..

In my opinion, this is an absolutely unnecessary token, since it cannot be used as a means of payment, sold and exchanged. So what then is the value of such a token? Perhaps such a value would have appeared if it represented artistic value, but only for those who are ready to simply possess it without having the thought of reselling it.

[len01]

buying coins that cannot be sold to others is a waste of time and self-defeating. why do we buy coins that are not useful for the future? even though we buy coins to be used as assets to get profits in the future. and on the other hand there are many coins that are more useful and have a good chance in the future like bitcoin.
for me buying bitcoin is better than buying coins that have no function and do not have a good future for profit

[BitDane]

Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)

You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.

Will you buy this token?

Depends on the usability/benefits of the token.  If having it means I can have a share of profit in one of your profiting company then sure, I will buy it.  IF it is just for the holdings and nothing beneficial about it then no.  Price will never be a factor as long as it can generate income or profit and the benefits that is better than the price of acquisition.

Benefits example:  
A VIP status that can have massive discounts on items at several known online stores.