Past failed project aside, I'd like to know how you peg your token price at total crypto marketcap. Basically this project is a stablecoin, right? So what procedure do you take to stabilize your token at the said pegged price?
Second, which platform do you use to determine the total crypto marketcap to peg this token's price?
Interesting question here.
If they will based from
https://coinmarketcap.com/ today the global crypto market cap is about $397.77B, so if in case you will take into account the current rate in CMC, their Base token will have a value of about $0.397. But can they really keep this value once their token is already in exchanges? What are their protocols to keep their value in exchanges be pegged to this price?
An attractive starting price in my opinion but it is true whether they are able to maintain that price or get a higher price than that. But I will see developments that continue to appear in this thread.