# Settingtokenprice

**URL:** <https://forums.counterparty.io/t/settingtokenprice/5056>\
**Category:** Counterwallet\
**Created:** [September 26, 2018, 2:22am UTC](https://forums.counterparty.io/t/settingtokenprice/5056 "2018-09-26T02:22:22Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![TexasMike](https://avatars.discourse-cdn.com/v4/letter/t/4bbf92/32.png) [@TexasMike](https://forums.counterparty.io/u/TexasMike)\
**Post date:** [September 26, 2018, 2:22am UTC](https://forums.counterparty.io/t/settingtokenprice/5056/1 "2018-09-26T02:22:23Z")

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how do you set an initial price on a token?

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<div class="post-metadata">

**Author:** ![jdogresorg](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/jdogresorg/32/1349_2.png) [@jdogresorg](https://forums.counterparty.io/u/jdogresorg)\
**Post date:** [September 26, 2018, 4:02pm UTC](https://forums.counterparty.io/t/settingtokenprice/5056/2 "2018-09-26T16:02:18Z")

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Do a trade on the DEX for XCP.

The [xchain.io](http://xchain.io) block explorer determines market cap via :

`last_trade_price * issued supply = marketcap`