this post was submitted on 25 Sep 2023
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Cryptocurrency

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Can a custom token be priced however much the owner may want? (self.CryptocurrencyDev) (lemmy.world)
submitted 1 year ago by nothingness@lemmy.world to c/cryptocurrency@lemmy.ml
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Can a custom token be priced however much the owner may want? Can the author put the price of $10k/unit on a token?

The question isn't whether or not it'll then be selling.

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[–] LufyCZ@lemmy.dbzer0.com 3 points 1 year ago (1 children)

When you create a liquidity pool, you set the initial price. If nobody has your token, people can't sell it, only buy it, so that initial price becomes the bottom.

[–] nothingness@lemmy.world -1 points 1 year ago (1 children)

How does it answer my question?

[–] LufyCZ@lemmy.dbzer0.com 3 points 1 year ago

You, as the owner, can create said liquidity pool.

That means that you can set the initial price.

So a simple answer to your question is yes.