/biz/ - Business & Finance

THIS WAS THE MORNING DIP
IT DIDNT EVEN GO TO $6 LIKE IT DID YESTERDAY
WE WILL MAKE IT LADS

SHRINKQUILIBRIUM EDITION
Previous: >>27146739
https://daiq.io
>What is DAIQ and how does it work?
https://daiquilibrium.medium.com/daiquilibrium-algorithmic-stablecoins-and-daiq-101-guide-410c163cca87?readmore=1
https://www.youtube.com/watch?v=FgnHxXYpt78

DAIQ is an algorithmic "stablecoin" with a dynamic supply, pegged to $1. At the time of this post, 1 DAIQ = 40 cents. You understand the potential gains to be made. This is somewhat of an x2 from there, more or less. But not only. The real fun is during the expansion phase with the rewards for providing liquidity and bonding in the DAO.

This is a fork of ESD/DSD with a DAO following these basic economic/game theory principles:
>When DAIQ > $1,(expansion cycle, FUN PART) holders can bond their tokens in the DAO to receive rewards, thus pushing them to sell their excess and driving the price back down to $1
>When DAIQ < $1, people buy due to greed for the aforementioned rewards and potential profits since it's below its supposed valuation
>When DAIQ < $1, holders also have the possibility of willingly burning part or all of their DAIQ holdings in order to reduce the supply, increasing both demand and DAIQ's value and as a result - this is done by buying a coupon
>people can then redeem said coupons after a time period, get back their tokens with a bonus so they end up in profit

>The fuck is Shrinkqilibrium and latest announcement about
https://twitter.com/daiquilibrium/status/1355597213968297985?s=20
To make it short: it's a lottery. Three pots of $50k, $30k and $20k. You buy a ticket reducing the supply and a chance of winning by doing so.
YOU ALSO HAVE A CHANCE TO WIN $10 000 IN DAI IF YOU:
>Have 1000 DAIQ in your wallet
>Like and RT the announcement tweet

LET'S FUCKING GOOOOOOOOOOOOOOOOOO