Quote from: H1N1 on Today at 04:52:39 AM

Quote from: Kojo2808 on May 07, 2021, 09:31:48 AM

I’m new to this so might be a silly question but why are some coins expensive from launch? Like from $1 an counting where as others launch at 0.000+. And some coins backed by so called “low rent rip off” companies (pancakeswap) have currencies that reflect the former coin and “respectable” companies (Cripto.com) have coins that reflect the latter.

Hope that makes sense apologies if it doesn’t

We shouldn't look only the price but every aspects of the coin such as total supply of the coin, and total coin for sale, % allocation of the coin, etc. Some coin could launch at $1 / coin because the coin supply is low. On pancakeswap, there are many tokens launch at initial price like 0.0000~~ because the supply of the coin is more than trillions, or maybe quadrillions.

Yeah. The supply and the utility of the coin dictates what the price per token but the circulating supply is the main criteria where the price was base. The future value will derive from its utility and the usability of the product itself.

The best example here is YFI, Due to limited supply, The price per token was so expensive even during token sale compared to XRP which has a billion supply that's why its price was very cheap