Post
Topic
Board Tokens (Altcoins)
Re: [ANN]CYCLOPS FINANCE-Island of Sicily(DeFi Yield Farming Project)
by
JooBra
on 12/11/2020, 10:03:27 UTC
Wow, yea, true, each token costs more then $125. But I think the reason of this is that there are only 1000 CYTR, it is total supply
I think this is because he can can manage it well and be able to make it so valuable, yes supply has a effect on tokens price, but not always, isn't?
example "UNI token total supply was 1,000,000,000 but worth for $3 each, while another token that has same supply but not valuable in the market."
At most cases supply effects the price. Also big thing is there anybody who has lot of tokens like 20% or more cause it can dictate the price.