Assets Value

Question

Hi,

I wanted to know that If I create an asset, how is the value determined?

So for instance, if I say one asset Blue Lotus and 10 quantity and unit 1? how do I determine the value? as in there is no crypt currency here right?

How is the value determined? Is it that  as far the  transaction is agreed with the receipient by the sender, it is fine.

Answer 1

It is up to the issuer of an asset to decide how many units to create, how divisible those units are, and what real world value is assigned to the asset. The asset holders can then choose how much value to perceive in that asset as a result.