Hi,
I was wondering what if I launch a cryptocurrency which aims to be stable (not to go below a certain value) with an ICO.
Let's assume this currency is only listed on one exchange. So, I spend half of the Ether earned during the ICO to create a "buy wall" at the value the tokens where sold during the ICO. Of course, I can't guarantee that the buy wall won't fall (because it would mean spending 100% of the ether on the buy wall) but it would be a security for most people no ? Would the price stick to the value of the buy wall or just go up ? Is it a good strategy ?
Share your thoughts !
I don`t understand the term "buy wall".Can you explain it?
So you want to use 50% of the ICO funds to back up the value of this cryptocurrency?
Currencies listed only on one exchange platform won`t survive,because the market demand for that currency is limited.If the demand is limited ,the market liquidity will be very limited as well.