/biz/ - Business & Finance

Slow and steady wins the race and I should get paid for shilling this elaborated ponzi edition
https://dividends.network

>What's DVN?
The Dividends Network is an innovative series of Ethereum smart contracts which rewards users for their participation in the various dApps in the platform's ecosystem.

Dapps currently include:
-Exchange (Buy/Sell/Transfer)
-Staking (Earn passive rewards from community staking)

>Tokenomics :
The token is a self-minting/self-burning tokens based on buys and sells, similar to how P3D works.
Each time ETH is placed into the smart contract for a BUY, tokens are minted.
Each time Tokens are SOLD for ETH out of the smart contract, tokens are burned.
There is a 20% tax on each buy, sell and reinvestment of your tokens into the exchange, preventing attempts at price manipulation and reducing volatility by rewarding holders in the long term. Besides, there is no tax for collecting your divs nor for transferring your tokens.

TL;DR for brainlets and speedreaders
>Buy DVN on their website
>Hold, and you get dividends in ETH based on the trading volume and your percentage of the tokens you hold, the better strategy for short and mid term
>Stake, and you get a FIXED 1.5% of your stack every day in DVN, the better strategy if you believe in this long term
>20% is taxed once you buy, sell, or unstake. No tax when collecting your divs or transferring the tokens besides the ETH gas network fee

>Why should I care, nigger?
The token is not even a week old, there aren't many holders, the price is only 0.20 - 0.22 USD as of now. It's a good way to invest your money without worrying about it thanks to the already nice dividends despite the low volume. I would advise thinking twice before putting any money in it, since 40% of your investment is TECHNICALLY held hostage until you at least break even. For some people this is a curse but as I've said above, this prevents volatility and rewards holding. Patience is a virtue, especially in crypto.