Post
Topic
Board Altcoin Discussion
Re: Will you buy a token if its price never went up and you could never sell it?
by
wheelz1200
on 19/09/2022, 23:16:53 UTC
Let's assume that I create a new token and this token has two main characteristics:
1. The purchase price is always fixed
2. You can never sell it to anyone else after you bought that token (so it can't act as a stablecoin)

You can come back and buy more of it since I can create as much as I want anytime I want but you can never sell those tokens to anybody else so you'll have to own them forever.

Will you buy this token?

Feel free to explain and tell me if the price would be a factor (eg. if the token was sold for $20 or $2000).

Honestly if it served another purpose to be usable and had intrinsic value that I seen as beneficial to my life in using then why not.  Not everything I do is financially motivated.  Doing cool stuff and having access to things that I like to get/do is sometimes just that, the end goal.  If that token could get me access to something like that then yes I would.  Almost like an entrance fee.