/biz/ - Business & Finance

>>29943598
There are countries in Africa that have more lenient crypto policies than the United Sharts of Israel

https://www.xeth.finance/

Every day until you like it, even if I bet that I'll see this thread at page 10 like all the others. The threads not being active should be an indicator that the usual TG trannies and other repulsive pajeet shills AREN'T AWARE of xEth yet. It's only $5M mcap. AMPL is $90M.

To make it short : xETH is a rebase token pegged to 0.01 ETH.
If the price of xETH is above 0.01 ETH, all holders receive more tokens in their wallet, ending up owning a larger part of the mcap and making a profit as long as the price doesn't decrease too much below their entry point.
If the price of xETH is below 0.01 ETH, nothing happens. You don't have less tokens, there's no negative rebase.

>How is this sustainable?
Keep in mind that the idea is relatively novel, but it's simple. xEth has the particularity of being deflationary, meaning it heavily penalizes people not willing to hold with a "tax". 2.5% of the selling transaction gets burned, forcing you to put at least 5.24% slippage on Uniswap before selling, and in return it makes holders own a larger part of the mcap little by little.

>So far so good right?
It's been 10 days since I bought. I now have 339 tokens compared to ~191, and the price pumped since. I'm in profit.

Risks and red flags :
>THE TOKEN IS USELESS ON ITS OWN OTHER THAN "muh free daily compounding interest"
>Every rebase you must pray for other wallets to be greedy enough not to sell
>Liquidity is still low, price is volatile as a result
>Volume and buy pressure are needed to keep the price above 0.01 ETH as the selling tax alone isn't enough of a deterrent especially for BIG wallets