Creating new tokens affects inmediately price?

Question

Stellar Lumens XLM/STR

chxr Baseel

Creating new tokens affects inmediately price?

#cryptocurrency #stellar #xlm

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29.11.2023

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Tactical Noot · Accepted Answer

It would probably make sense for you to work with/around what you have decided to work best. At one time when I was younger I thought I would need many different tokens to satisfy various styles of customer, but then decided to focus into just two coins that complemented each other well for various reasons. If you’re just starting out, it could be wise to focus strongly on making your one project as good as it can be, and figuring out what makes it good and valuable. Taking on multiple coins at once can potentially spread your impact too thin, and leave either side feeling unfairly attended to. It’s a challenge I decided to take on because I designed them in a way that people would love one, the other, or both. But I treat them equally and fairly as I can, and they’re both more agile because of it. It takes time to figure out what they are meant to do, what your people want; how your value system forms is part of the creative process. Pooling dynamically is a share of trust, the organized creation of a market, and a forward facing product that customers and the market itself play an important role. Eventually you might see yourself wanting to buy your own product because of its potential and the desire to post results or drive it harder but… try to make sure you’re not your only customer :P

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