RE: I created a token on steem-engine.com! by abh12345

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steem-engine · @abh12345 · Feb 10 '19

I remember!

I've also seen your FOOD token, you are early on the list, nice one :)

Still figuring out what to do with mine. Will probably use some engagement metrics but not sure what yet.  Can't see them every having any value but what the hell :)

I'll be after some FOOD at some point too ;)

👍 jeffjagoe

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@jeffjagoe · Feb 10 '19

Haha I’m going to write up a little “white paper” at some point and at the end there will be a legal disclaimer where I say they are meant to be of no financial value and are similar to getting a digital sticker... but I guess it’s up to the market to decide what the real value is

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)

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@abh12345 · Feb 10 '19

Yeah.  I read this in the steem-engine discord:

> .. Token Value * Supply of Token = Amount of Goods and Services

> ... you can manipulate supply numbers over time by creating the token, which doesn't immediately issue any, only issuing a small amount to start and issuing more over time.  This is a strategy you can us if you'd like the token price to appreciate.  **In this case, release new tokens slower than you gain new products and services and the token should in theory go up in value.**

So it seems that the strategy is to provide a service.  Well at the moment, I'll be the one issuing tokens and providing the service, so I'm not sure exactly how it works really :)

Good luck, if you learn anything that could be useful then let me know.

👍 jeffjagoe

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