/biz/ - Business & Finance

DAIQ - Daiquilibrum.
Website: https://daiq.io/
Dextools: https://www.dextools.io/app/uniswap/pair-explorer/0x26b4b107dce673c00d59d71152136327cf6dfebf

DAIQ is an 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 to see how the whole concept works: https://www.youtube.com/watch?v=0ww5zvvphX0

TL;DW
>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

You can then redeem said coupons to get your tokens back with a bonus once DAIQ is back up to $1 or even higher, depending on the risk you took by creating the coupon. (DAIQ allows you to choose your risk level by establishing a lower or higher expiration date, no other project does this.)
You now understand there is a lot to gain by buying it while it's sitting near .12 at the time of this post. You have more or less a x10 on your hands.

BUT. This is not without risks, including the following but not only:
>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

Would you buy a bedside table with full surface wireless charging, a built in OLED bluetooth alarm clock, modular storage, made of real wood and glass? How much would you be willing to spend?

>green day
>my stocks go up
>red day
>buy cheapies
>bought some cheapies this morning
>they immediately went up

market go down

>>19004503
...why?