can someone tell me how the transaction work is it in USD OR Price of ETH / BTC ?
lets say
1 ETH = 900 $ TOKEN GIVEN 3000
when the price increased to 1000 $ then the token given to investor will be based on ethereum or usd ?
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If eth value is increased that not means that all token prices are increased.– Jitendra Kumar. BallaFeb 16, 2018 at 7:15
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not about price , about total number of token given to the investors ! will the number of token increased if the price increase or it dont have anything to do with the price ? during sale ?– ankur prasadFeb 16, 2018 at 7:19
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1 Answer
The tokens price is defined only by market. So, if you sold 3000 tokens for 900$ (users have spent 900$), and then the price of Ethers is increased, then, in the next moment, the price of your tokens (most probably, because it is market - there nothing is quaranteed) will stay the same in UDS - $900. Hence - in ethers - it will decrease. Because tokens price is related to real world (actual usd money), but not to some intermediate "almost-currency" like Ethers.
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I don't see any reason why you can't have a crowdsale which sells for example 1 token for 1 ETH. Nov 14, 2018 at 9:31