/biz/ - Business & Finance

>>19458422

P-P-PETER THEIL

how many of you actually bought into the hype and got scammed?

muh Peter, Muh Sam, muh SEC commissioner

yeah, fuck off
and fuck your useless shitcoin

I lost so much money with this scam

RSR has VERY LITTLE utility in the Reserve ecosystem besides DILUTING THE SUPPLY. The team has created a false narrative that you can make a lot of revenue through RSR/RSV arbitrage, which would create demand for RSR in the long run. But is it really so? Lets dive in.

1) An excess pool of RSV has to exist in order for RSR holders to be able to go through an arbitrage loop with RSR tokens. How is this pool of excess RSV created? The underlying collateral for RSV has to appreciate in usd value ABOVE the collateral target. That means you as a RSR holder can’t arbitrage until the vault portfolio is optimized to produce revenue/retain value against usd, which is unlikely to happen for YEARS.
2) RSV has to trade above $1 in LARGE quantities for the arbitrage process to be in any way profitable, which is very unlikely to happen – if RSV does trade above 1$ peg, it will be in small amounts of buy orders. Not to mention that the Reserve foundation will ALWAYS have a first actor advantage, deflating the pool of excess RSV tokens BEFORE any of the regular people will have a chance to participate

4,000,000,000 RSR (4%) - currently circulating in retail market (IEO + private sale)
2,850,000,000 RSR (2.85%) - unlocked foundation tokens that can be used at the team’s discretion for additional fundraising or other purposes, no $ cost
5,000,000,000 RSR (5%) - strategic partner tokens, unlock after main net, no $ cost
12,392,000,000 RSR (12.39%) - seed investor tokens, unlock after main net, bought for $0.0004/RSR
20,000,000,000 RSR (20%) - team/advisor tokens, unlock after main net, no $ cost,
55,750,000,000 RSR (55.75%) - foundation tokens that can be used at the team’s discretion for additional fundraising or other purposes and can only be withdrawn with four-week delay, no $ cost

37,392,000,000 (37.392%) tokens will be released within 6 months after main net launch in a continuous vesting schedule. These token holders can call the release function in the vesting contract at any time. This releases any tokens that have been vested, but have not yet been released to the beneficiaries.

Current RSR price $0.001948
VCs bought 12,392,000,000 RSR (12.392%) at $0.0004
IEO first round 600,000,000 RSR (0.6%) priced at $0.0006 (bought by Huobi bots)
IEO second round 2,400,000,000 (2.4%) RSR priced at $0.0011
Private sale 1,000,000,000 RSR (1%) was priced at $0.005 which was later effectively reduced down to $0.002 by sending out more tokens than initially promised

3,997,804,000 RSR (3.99%) - currently circulating in retail market
2,850,000,000 RSR (2.85%) - unlocked foundation tokens that can be used at the team’s discretion for additional fundraising or other purposes, no $ cost
5,000,000,000 RSR (5%) - strategic partner tokens, unlock after main net, no $ cost
12,392,000,000 RSR (12.39%) - seed investor tokens, unlock after main net, bought for $0.0004/RSR
20,000,000,000 RSR (20%) - team/advisor tokens, unlock after main net, no $ cost,
55,750,000,000 RSR (55.75%) - foundation tokens that can be used at the team’s discretion for additional fundraising or other purposes and can only be withdrawn with four-week delay, no $ cost

37,392,000,000 (37.392%) tokens will be released within 6 months after main net launch in a continuous vesting schedule. These token holders can call the release function in the vesting contract at any time. This releases any tokens that have been vested, but have not yet been released to the beneficiaries.

Current RSR price $0.002029
VCs bought 12,392,000,000 RSR (12.392%) at $0.0004
IEO first round 600,000,000 RSR (0.6%) priced at $0.0006 (bought by Huobi bots)
IEO second round 2,400,000,000 (2.4%) RSR priced at $0.0011
Private sale 1,000,000,000 RSR (1%) was priced at $0.005 which was later effectively reduced down to $0.002 by sending out more tokens than initially promised

Currently circulating in retail market: 3,997,804,000 rsr (3,99%)
Unlocked foundation tokens that can be used at the team’s discretion for additional fundraising or other purposes: 2,850,000,000 rsr (2,85%)
Team/advisor tokens - free, unlock after main net: 20,000,000,000 rsr (20%)
Seed investor tokens - bought for $0.0004/rsr, unlock after main net: 12,392,000,000 rsr (12,39%)
Strategic partner tokens (free, unlock after main net) 5,000,000,000 rsr (5%)
Rest is foundation tokens that can be used at the team’s discretion for additional fundraising or other purposes and can only be withdrawn with four-week delay (55.75%)

Current price $0.001845
VCs bought 12.392 billion RSR at $0.0004
IEO first round 600 mil RSR priced at $0.0006 (bought by Huobi bots)
IEO second round 2.4 billion RSR priced at $0.0011
Private sale 1 billion RSR was priced at $0.005 which was later effectively reduced down to $0.002 by sending out more tokens than initially promised

RSR Power Rankings:
1) Satsgang Fuehrer tier: https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8?a=0xED789D73DE6EDEE8A188CFECA037C37415AB3A94
2) Bot Marketing Specialist tier: https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8?a=0xE2794680AFF6F1B20C5D39C81C48BBAE845AC3B7
3) Friend invested in hemp industry tier: https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8?a=0xDF9A6A7A74A9F6EA711DFABE047551CD85A2DBB7

Currently circulating in retail market: 3,997,804,000 rsr (3,99%)
Unlocked foundation tokens that can be used at the team’s discretion for additional fundraising or other purposes: 2,850,000,000 rsr (2,85%)
Team/advisor tokens - free, unlock after main net: 20,000,000,000 rsr (20%)
Seed investor tokens - bought for $0.0004/rsr, unlock after main net: 12,392,000,000 rsr (12,39%)
Strategic partner tokens (free, unlock after main net) 5,000,000,000 rsr (5%)
Rest is foundation tokens that can be used at the team’s discretion for additional fundraising or other purposes and can only be withdrawn with four-week delay (55.75%)

VCs bought 12.392 billion RSR at $0.0004
IEO first round 600 mil RSR priced at $0.0006 (bought by Huobi bots)
IEO second round 2.4 billion RSR priced at $0.0011
Private sale 1 billion RSR was priced at $0.005 which was later effectively reduced down to $0.002 by sending out more tokens than initially promised

RSR Power Rankings:
1) Satsgang Fuehrer tier: https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8?a=0xED789D73DE6EDEE8A188CFECA037C37415AB3A94
2) Bot Marketing Specialist tier: https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8?a=0xE2794680AFF6F1B20C5D39C81C48BBAE845AC3B7
3)Friend owns a hemp factory tier https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8?a=0xDF9A6A7A74A9F6EA711DFABE047551CD85A2DBB7