Could you technically create 1 token with liquidity, and then create 5 additional tokens that are pegged to say 1/5th of that token?
So I've been thinking about developing an erc20 token of my own for a while now, however I am completely new to this space, I have some experience with other programming languages like c#, c++ and Ruby, but have never even remotely touched solidity
So I might be in way over my head already, nevertheless I was wondering if this is possible..
Like the title says, say I would want to create a token on ethereum where I would initially provide the liquidity, would it be possible to create aditional tokens (max of 5) each of which are pegged to 1/5th of that initial token which I provided the liquidity to?
In which case if I were to create 2 additional tokens now, and in the future there would be interest for those 3 additional tokens (so 5 pegged tokens), they would all, at all times, hold the same value in relation to eachother?
Would this technically be possible or does it not work like that?
(Please don't shoot me if this was a stupid question)
Edit: Weird someone would downvote this but not bother explaining why
submitted by /u/Enschede2