Post
Topic
Board Economics
Re: If a token keeps falling, how to save it
by
jaberwock
on 05/06/2024, 13:05:53 UTC
At this point you are the creator and beneficiary of this token, what will you do?
Well, ideally you need to encourage people to buy it and use it. That could be done with special offers on something if people get the coins, good interest rates for people holding the coins. It really depends on what kind of coin you have and how decentralized it is. Some coins allow burning extra supply, which can also be a useful option. Some are PoS coins, so there's already an incentive to hodl.
But also, the time of tokens is largely over, as many realized that there's too much scam and too much uselessness.
So I'd cut losses and sell for Bitcoin.
Encourage sounds like we are trying hard. IDK but I have a negative feeling with this one. For me, I think I will just promote it the normal and humble way, as I think that is the one that makes people to like it. Each people has their own liking but since we are in crypto, I think yeah that people will like it more if our coin has a good level of decentralization.

This should be the main base of it and then the rest will be, if what it offers or use case. If the coin is centralized, then it can have those features you mentioned there. They only have that, so that they still can attract people to invest on them. A lot of scam projects are also from this category, so we must be careful, especially if we are going to stake them.