Elon in shambles that he didn’t think to charge extra for this.
Honestly, if you like money this is something you can do.
You can do this and avoid ripping off other people by setting an equally balanced liquidity pool with 100% of the tokens created, and letting them play greater fool theory with each other. At this point its just the entertainment sector. Nobody can sell below the initial price of the token due to how liquidity pool systems work, and this means you are have no way to make them your exit liquidity.
You can still make money by programming in a trading tax that is also auto-liquidated to any token you like, such as a stablecoin.
This is extremely common, things like this are launched probably once every minute. No advertising necessary since people and bots just watch the blockchains for liquidity pools being deployed. They want to be first, so trade and ask questions later. Its up to you to consider the community, but you can build in a lot of confidence by burning your liquidity pool access and doing some other obvious things so people don't have to care about what your intentions are.
If they sold it would re-add it back to side B and subtrack from side A.
Since nobody has more tokens outside of the ballast system, there is no way for it to go below the initial balance. which isn't much consolation for anybody that buys second or third or later, but does provide confidence to all of them that nobody has an advantage or interest in dumping it below its initial ratio, which is functionally the price.
this has been a big boon for the crypto space over the last 18 months, a very phenomenal concept, as all assets can be permissionlessly traded if anyone takes the initiative to set them up. instead of begging a shady exchange to list a project under shady conditions, thats pretty much over now.
When you buy with your dollar, you increase the number of dollars in the pool, and decrease the number of tokens in the pool. So the ratio cannot be 1.00 it must be 1.01 or something above 1.00.
When you want US currency today you sell it back and restore the ratio closer to 1.
It is not possible for anyone to restore further below the initial balance because the maximum tokens in existence could only be used to get the dollars other people put in, but not the issuer’s capital.
As an aside, does this concept exist outside the crypto space? It seemed like you may have implied it was a standard object in finance.
Have not seen them outside of the crypto space, it would be ideal if they did, they are great for enabling liquidity of fungible assets without needing to court a market maker or exchange
I can also do it for other ppl, email in bio