To determine the price of the new token to be used for awards and transactions, you can base the price on several factors, such as:
1. Purpose of the Token:
- Governance/ Staking Token: Since your governance and staking token is priced at $0.0011, its value is tied to long-term decisions and network security.
- Rewards/ Transaction Token: The token for rewards and transactions might have a higher liquidity demand because of frequent usage. This could make the price lower to encourage higher velocity, or you might aim for a price close to the governance token if you want them to hold similar value.
2. Demand and Utility:
If the rewards/transaction token is meant to circulate quickly for everyday use, it may have more liquidity but lower intrinsic value compared to governance tokens. You could set the price:
- Equal to $0.0011: This keeps both tokens aligned, especially if they are similar in total supply.
- Lower than $0.0011: If the rewards token is expected to be used more frequently for smaller, micro-transactions, you could set it at a slightly lower price to encourage greater usage.
- Higher than $0.0011: If the reward token will be rarer or have broader utility outside of just transactions (e.g., as a utility token for services), you might price it slightly higher.
Considerations:
- If you want balance between governance and reward, starting with a similar price of $0.0011 for the transaction token can be a good idea. Over time, market dynamics will naturally adjust its value based on demand.
Ultimately, the price you set should reflect the utility and role of the token in your ecosystem. For instance, if the reward token is expected to be used often and needs to maintain stability, setting it close to the governance token’s value could make sense.
