What Happens When You Buy Tokens?
That may sound like a weird question but I've been wondering about it. I don't know much about "tokenomics" and how it all works so I'm really looking for engagement on this post.
What I'm wondering about is what happens to the token if you buy small amounts of it. Let's say I decide to buy 100 Leo tokens because I love @steem.leo and I want to support it, and my delegation to @leo.voter.
First, does buying 100 leo matter to the overall value of Leo. If so would I need to stake it? And my real question would be is it better to buy 100 leo all at once or 1 token over 100 days at a high asking price.
This really goes for any token but I wonder what would happen if people who liked a token agreed to make a daily purchase of that token. It seems to me that even a modest demand for a token would be a positive thing. But again that is just an assumption on my part.
I have steemp which I can use to buy and sell tokens, what I don't have is fiat to buy steem. So would buying let's say 1 Leo a day just to make a transaction on the blockchain mean anything?
Looking forward to comments because really want to understand how tokens work regarding price.
They are transferred to you and in your possession :)
How to buy them and how that effect the token price basically depends on the overall market condition for the token. Its the same as asking is now a good time to buy BTC?
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