The buy and sell prices of most #HiveEngine tokens (such as WINEX) are by determined their buyers and sellers. 🤓 In this case, there isn't much trading happening with the WINEX token. 😅 !LUV !WEED
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The buy and sell prices of most #HiveEngine tokens (such as WINEX) are by determined their buyers and sellers. 🤓 In this case, there isn't much trading happening with the WINEX token. 😅 !LUV !WEED
But isn't there any orientation on how much a token is worth? So buying and selling would be around that price? Or do I see this wrong? !LUV !HUG
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The price of most #HiveEngine tokens (such as WINEX) aren't pegged to a specific currency. 🤓
A few examples of Hive Engine tokens whose issuers attempt to peg to a specific value of another currency are CENT (which is pegged to $0.01 each but hasn't been successful so far at only $0.0014 per token) and BBH (which is pegged to 0.00000001 BTC or 1 satoshi which appears to be successful so far at $0.00034 on Hive Engine which is practically the same as its price on centralized exchanges). 😏
Oh I thought WINEX was pegged... MAybe it's time to look into selling some when the price is high.... !LUV !HUG
If WINEX is to be pegged to another currency, I wonder which it would be. 🤔
None of any of fiat currency or cryptocurrency comes to mind. 🤯😅
Why can it not be pegged to the Dollar? !BEER
Any token can be pegged to any other currency (such as USD), but it should have a good reason for the peg or it won't get much support from the community. 🤔🤓 !PIZZA !WINE
And what is a good reason? Like in "why wouldn't !wine it be getting support from the community"?
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