RayShio@lemmy.worldtoEthereum@lemmy.world•How do you keep track of your wallets and on chain transactions? (and keep your privacy)English
2·
1 year agoYou can use Rotki, it’s similar to Zapper or Koinly, but it’s an open source desktop app you run locally. It’s still pretty limited compared to the online alternatives, but may get the job done for you depending on your requirements.
Token creators don’t define any price. They do define things that influence the price like initial supply, inflation, etc. The market price will emerge from the interaction between those things and any demand that might exist for the token for whatever reason (usually just speculation). In short, supply and demand.
Now, this is how it works for fungible tokens, like in the ERC-20 standard. If we’re talking about non-fungible tokens, or NFTs, creators usually define a price for “minting” (creating a new token in a collection). This initial minting price may or may not influence secondary sales.