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RE: Initial Coin Offerings with SMTs
How is the price of steem affect the price of a new token and vice-versa ? Is it like, anyone who has steem, will benefit equally from a new token ?
How is the price of steem affect the price of a new token and vice-versa ? Is it like, anyone who has steem, will benefit equally from a new token ?
Well a new token could mean new users that need Steem accounts and resource credits to use that new token. So, this can help the overall growth of Steem and demand for resource credits, which require Steem Power. That can result in more powered up STEEM staked on the network and more STEEM locked up in ICOs and token projects.