STOP CRABBING AROUND 15 CENTS YOU PIECE OF SHIT AND START DOING SOMETHING
Previous thread: >>26225955
Website: https://daiq.io/
Dextools: https://www.dextools.io/app/uniswap/pair-explorer/0x26b4b107dce673c00d59d71152136327cf6dfebf
DAIQ is an algo elastic supply "stablecoin", working in a similar way to what AMPL, ESD/DSD, ZAI have been trying in the past with a new coupon system and a way for holders/gamblers to actively participate in making the price go back up to its supposed peg of $1. Check this video explaining the concept: https://www.youtube.com/watch?v=0ww5zvvphX0
Or read this medium article: https://linkysaint.medium.com/daiquilibrium-e5665e348f15 (if the lurker who typed this quoting my words could post ITT instead of lurking silently it would be nice)
TL;DR
>if DAIQ > $1 = supply increases and goes to holders wallets
>if DAIQ < $1 = no rewards anymore, but holders can choose to buy coupons by burning their tokens, reducing the supply and betting on DAIQ going back up to $1
As with any investment, this is not without risks. Including:
>anonymous team
>no real value beyond muh rewards when DAIQ > $1
>the concept only works when there's enough volume to keep the cycle going
>if buy pressure and volume die = DEATH
>DAO/governance/community-driven buzzwords
>only incentive to buy below the peg is thinking that others will also see the value in doing so, WHEN IT'S NOT GUARANTEED TO GO BACK UP
>burning your tokens for a coupon is basically betting on the price going back up to $1 with your stack as collateral
>risk that can be deemed unnecessary for vanilla holders who can just wait for their bags to appreciate in value
>sell pressure can be massive on the way up due to burned buyers above $1 waiting to cut their losses and excess DAIQ waiting to be dumped
>ANONYMOUS TEAM
Good stuff is on the way, marketing is coming. The price is surprisingly holding up quite well around 15 cents, in fact one could say it's crabbing upwards. Breakout soon?