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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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[–] makeasnek@lemmy.ml 1 points 11 months ago

            
              You as a free individual can put any price on any item, cryptocurrency or not. The question is, will somebody buy it at that price?
The price people are generally able to buy a token at (like you see on coinmarketcap etc) is determined by actual sales via cryptocurrency exchanges. Those prices are set by the market ie whatever the last batch of coins sold for.