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RE: BitShares – Tour of the Token Factory
Stunning article with great clarity. Just what I was looking for. Followed. One question, what is the next step of allotting a preset value to these tokens for an ITO?
Please someone jump in and correct me if wrong - In primary settings we set our initial exchange rate i.e. against BTS or bitUSD. i.e. 1Token:10BTS This can be seen in Step 2. At ITO stage you are selling at a pre-launch fixed price and later those tokens will be traded on the open market, where their price is also determined by the open market ...