/biz/ - Business & Finance

https://jpow.money/

A fucking inflationary shitcoin that actively hurts passive HODLers who don't stake and can't read the website

Kek

Don't know who thought of this one but I tip my fedora to you

https://jpow.money/

A new inflationary shitcoin that actively hurts passive HODLers who can't read the website

Kek

Don't know who thought of this one but I tip my fedora to you

Hello I am Gajeet cousin of Pajeet Streetshitter and I have a new crypto to shill

https://jpow.money/

Here's how it works.

The currency is inflationary and users vote to set the inflation rate every day (8%, 4%, or 0%). Chads who own the coin can stake their tokens for 24 hours to be able to vote on the inflation rate. After every 24 hour voting period, the total supply of the coin increases by the inflation rate voted on.

The only wrinkle is that new tokens minted as a result of inflation are only distributed to those who staked and voted during that period. So this way all the casual HODLers who don't read the site get inflated away.

Currently something like 9% of the total supply of the coin is staked but if you stake a decent amount of coin it's free money.

Price is also down right now since last night but easy 2x once this thing lists on coingecko and picks up again. Devs also locked liquidity for a year.

TLDR: New uniswap gem that has traded down with cool concept