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Board Beginners & Help
Re: Selling your own token for fiat currency. Possible?
by
okala
on 10/05/2019, 08:32:40 UTC
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I’m not saying it’s not feasible, but it would certainly look potentially manipulable. Even if you try to peg the price to an average based on exchange price, what is to stop you from going below market price in order to try to swoop the sales directly in detriment of those sold at the exchanges? That could cause a depreciation of the token’s value for its holders, that would be originated in the corporation itself.

If you eventually got to become the main point of sell, the exchanges would make little sense in selling the token and could lead them to bounce it from their lists.

You made a great point there, but in some cases there are tokens that have intrinsic value on it own platform but most of which are use for shopping and travels on the platform and it value stand at a fixed amount no matter what happen in the exchange, when the exchange price go above the intrinsic price it reflect on the platform with market value but when it goes below the fixed store value it intrinsic platform value remains the same. And this platforms comes with a card which can be used to cash out you tokens to to your bank account at any time.