/biz/ - Business & Finance

Previous thread : >>22932083

Website : https://www.xeth.finance

Alternatively known as the /e/ crossboarder paradise for shitcoin gamblers. Get comfy, buy or don't, at least I tried to tell you if it succeeds and you avoided a dangerous bullet if it fails.
Last thread got a little more active posters than usual, which is nice. Perhaps I won't be alone bumping this today.

Advantages and reasons to buy
>xETH ONLY HAS POSITIVE REBASES increasing your holdings by 7-10% in value each day, if its price is above 0.01 ETH
>NO NEGATIVE REBASES
>Token is deflationary everytime someone sells, decreasing the supply and is an attempt to prevent too big of a sell pressure
>Price is always sitting between $4.5 - $8, so no matter when you buy in this price range you'll be in profit given 2 or 3 days worth of patience (see chart on CG)
>Team is open and seems legit, will burn half of their funds (52% wallet on etherscan) by Friday and reimbursed a retard who got his PC hacked

WHY YOU SHOULD THINK TWICE BEFORE BUYING :
>There is NO real answer to the "What's the usecase of xETH?" question
>ANONYMOUS TEAM
>CODE HASN'T BEEN PROPERLY AUDITED
>low liquidity so wild price swings, doesn't sit wiell with how the token is designed around organic growth and daily interest
>Volume dies or people stop buying dips : WILL CRASH sooner or later since everyone will want to secure their rebase profits and sell first

It's been 11 days since I bought. I'm happy with how my portfolio is in the green now, but the fact remains : xETH is still risky. Nonetheless, the dev team burning half of their inflated funds by Friday should certainly pump the price a little while creating a short term hype.
The issues tied to volatility will be fixed when LP-Staking is available, hopefully soon™ because these niggers delayed it when it was supposed to launch tomorrow.

I think that's it. Happy fapping /biz/!