/biz/ - Business & Finance

>>18488882
Did SUTER unironically break into the top 200?

>You stake in the wallet
What do you mean?
The delegation, right? Looks like Curve is gonna win and I want to maximise my gains. Do I lose anything by betraying biz for my gains?

Also did any of you join in on this lock-up?
https://www.kucoin.com/news/en-suter-lockup-and-cashback-program-earn-60-percent-apr

>>18489321
Just look it up on coinmarketcap

>>18489886
>>18489703
Staking and the competition are slightly different. You can always stake at any time by delegating to a validator node from suter's wallet. This returns roughly 60% a year for now (rate is deflationary). The competition is just a thing going on right now and only means that a node wins for the day if they get the most new delegates that day.

>>18489321

>>18489321
#195 and climbing.

>>18489703
It doesn't matter, but BIZ won yesterday, so...

>>18489886
I'm trusting in the biz node.

>>18489919
What were you referring to when you meant staking in wallet? Sorry. New to this.

the order books r thinner then my imaginary gfs panties, how do i buy more then $100 of this shitcoin?

>>18489947
Mini red came out of nowhere and won it yesterday. Biz won the day before that. From the looks of it, it doesn't matter who you go with or if you split it up, right? You just end up maximizing gains when you pick the winner.

>>18489973
It's called a market buy.

>>18489982
Right.

>>18489969
Send to wallet -> https://node.suterusu.io/ -> delegate to BIZ node (staking)

>>18489941
Lmao we literally beat Harmony. Take that San Fran fags

>>18490076
Does that automatically include you in the validator node competition for the day you staked or are they both separate? So the best thing would be to join the competition then after the even ends and you get the returns, stake them back into the node?

This is the most no duh next big buzzword concept since link and oracles

They can be used as a plug and play layer 2 protocol for ANY coin. It will be like Link partnering with every one to provide decentralized oracle solutions.
The implications of this are pretty huge because everything is currently public on the blockchain which is not what you want for DeFi. Imagine LINK ETH SNX the list goes on, using suter as a 2nd layer privacy solution.

By the way doesn't that mean that >>18490076 is a much safer option if it promises you 60% annual returns since you don't have to lock it elsewhere and rely on KuCoin >>18489886?

>>18490228
That's why I bought

I'm so happy us guys!!!

>>18490228
This is why I bought too

Frens, how do I know if the competition will get those nasty +100% rewards?

ATTENTION ALL SUTERUSU WARRIORS
ATTENTION ALL SUTERUSU WARRIORS


CGS DUBAI JUST STAKED 50 MILLION SUTER TO THE VALIDATOR NODE COMPETITION

THIS IS NOT A DRILL

50 MILLION SUTER

DELEGATE NOW AND GET HUGE REWARD RETURNS BROTHERS!!!

>>18493365
btw, I doubt any other node has this amount available to delegate now so this will be a huge reward today if we are in!

>>18493365
Does the amount staked affect rewards? can I just put 1 suter on the Dubai node and get gibs?

>>18493567
yes, i suggest reading the rules for the competition

>>18493567
1. The competition will give a daily reward of 2,000,000 SUTER within 30 days;
2. All validator nodes will be ranked daily according to the quantity of increased SUTER delegated to them, and if the node is ranked No. 1, they must gain equal to or more than 200,000 votes. This node will be the winner in that day;
3. If the node ranked No. 1 wins less than 200,000 votes, no node will be the winner in that day, and all votes delegated to each nodes will not be passed to the next day;
4. The rewarded SUTER will be provided by Suterusu foundation;
5. The winner validator node per each day will share 400,000 SUTER, and all voters delegated to the winner will share remaining 1,600,000 SUTER, based on the quantity of their votes;
6. The rewarded SUTER will be distributed to all winning accounts, and voter and then automatically delegated to the winner validator node the next day;
7. Game period: 20:00 to 20:00 next day, UTC+8, March 24th to April 22nd.

its not worth staking on dubai then since the return will be like 5 percent today

>>18493720
the return is based on the number of delegators or the total tokens delegated? ie best case scenario would be choosing winning node with the min 200,000 tokens

>>18493745
i think it shares it by total amount of votes so if you delegate 0,5% of the total you get that out of the reward. might be wrong though, any suter Samurai be nice enough to clear this shit up?

>>18493720
it's literally the opposite

>>18493745
there was a formula posted by an anon here, simply said, the more delegated the more suter you receive back

>>18493761
500k here.

this guy is right >>18493745
this one is wrong >>18493772

> 5. The winner validator node per each day will share 400,000 SUTER, and all voters delegated to the winner will share remaining 1,600,000 SUTER, based on the quantity of their votes;

The second part of the sentence clearly states that all delgators will share 1.6 mil suter proportional to their delegation amount.
If some saudi shitskin delegates 50mil and you'd have to put in the same amount to get half of the reward.

>>18493380
I hope you did not delegate to the saudis, fren.

>>18489941
its beautiful

>>18493863
not yet but this doesn't make sense, there was another anon that posted a different formula here and it made sense that the more it's delegated the more reward you receive

>>18489919
> Final phase of first suter dao round
> Second phase right around the corner

I'll stick to suter dao. More gains.

Tori naki sato no koumori.

>>18493906
how come? What do you need to do there?

and I'm not some arab :( Should I wait then more another day? How does this then work uberhaupt

>>18493900
> Disrespecting a Suter samurai
Not smart

I delegated 5 times during this competition. I know how this game works.

>>18493923
Ja. Warte bis nur maximal 2 minuten der runde übrig sind. Du solltest mind. 10% der gesammt delegation haben. So ist dir eine belohnung von 160k suter sicher

>>18493854
a Suter warrior come in and saves the day, based.
t. 50k samurai trainee

>>18493950
:) danke

>>18493927
no disrespect meant honorable master, please accept my apologies

Is this a chink coin or a jap coin, I'm am very confused.
>>18493854
Thank you for looking out for us.

I'll be patiently waiting for the announcement of our attack.
I am a mere 10k foot soldier but I wish to participate in bringing glory to our land.

But fuck, almost half a million bucks there. Who the fuck can compete?

>>18494089
>>18494100
>>18494132
I dunno man, I think it's too late, the competition is ending in 6 days anyway, I might as well just hold my remaining Suter until the last seconds the next days, today I;m surely not delegating to those assholes, I hope mini red robe kikes them

is ther anywhere i can trade for this as a burger?

>>18493778
>>18493900
You mean this?
>Reward=1600000x/X
That was me. X is the total amount of Suter delegated to the node, and x is the amount you delegated. Since X>50M, the reward will be relatively low (rate of return ~3%).
For example, if you delegate 100k, the reward will be approximately 3200 Suter.

>>18494169
Kucoin & MXC
Go for KuCoin

>>18494089
chink

>>18494180
thank you, yes, I had it backwards, hope none delegated to the arabs

Is this worth buying if i dont want to bother with all this node shit?

also someone post your kucoin ref link

>>18494205
Sure, but we're mostly referring to a limited event. You can still participate in staking your tokens in a node for a yearly return or just hold on to it if you really don't want to do any node shit.

>>18494243
Here's mine. Feel free to use it or not. I'll probably get banned again for this.
https://www.kucoin
.com/
?rcode=2Hrfs1v

>>18494205
I felt the same way but I realized that the staking rewards and the node shit are insane. Heres all you have to do, ill spell it out simply.

1. But suter.
2. Withdraw suter from exchange to your suter wallet. The suter wallet is on suterusu.io. theres a button that says wallet for you to set it up.
3. Find the Node competition page.
4. Go to your suter wallet and look for the "delegate" option.
5. Watch for the last 20-30 seconds of the competition. Look for whoevers in first place. It doesnt update automatically so make sure you refresh.
6. Go to your delegate option, quickly select their name. You only have 20 secs so you gotta move fast. I suggest pretyping your password (it requires your password to delegate) and the amount you plan on delegating.
7. Hit delegate. If you're in first place, you'll get hella rewards. Im talking 50+% returns are eZ. Otherwise, your suter will stake like normal. I have like 150k suter staked and it generates me about 130 per dayish. It ends up being an insane amount ovee a year.


Heres my referral code


>>18494243
https://www.kucoin.com?rcode=26h2svP&lang=en_US

>>18494303
You have to wait till the end of the year to get any of it out from staking? Ive never staked anything before

Also... is the winner automatically just who is in first?

>>18494368
> You have to wait till the end of the year to get any of it out from staking? Ive never staked anything before
Rewards are paid out daily

> Also... is the winner automatically just who is in first?
Read the rules

>>18494368
No, your extra suter is deposited daily. The point i was making is that over a year of staking, it makes a fuckton.

Yes, its only first place. Its sort of retarded imo, but it is what it is. First place gets everything, anybody below that just gets normal staking rewards.

>>18494444
Thanks for the help, nice get. The new Suter gets deposited into your wallet I take it. Can you take your initial suter out at any time?

>>18494444
QUADS

>>18494303
Well shit....now I feel bad for not staking yet

>>18488882
During this week we saw two huge price jumps happening. Today, the Arabs delegated 50.000.000 ($500.000) to their node. It seems like they finally grasped the potential of the dragon and are throwing money at it now.

Make what you want out of that information.

>>18494489
Not 500 dollars anon, if we use the current price more like $ 468, 026

>>18494536
Math.round()

>>18494474
Thanks fren

Once Suter is delegated, it takes 15 days to undelegate it. Then, to withdraw from your suter wallet to any exchange like kucoin, it takes an additional 7 days where it is held in escrow. At first I was deeply put off by this myself, but it's designed intentionally so people don't try and flood suter using their competition gains and tank the price. I'm personally in Suter for the long haul so I'm indifferent to it.

However, important to note. Say I delegate 10,000 Suter to the winning node, and I get an additional 3,000 suter from the competition. That 3,000 suter is re-delegated to that node instantly and you cannot withdraw it until the competition ends.

However, that 10,000 suter generates say, about like 10-15 suter daily from staking. That goes straight into your wallet where it can be withdrawn or delegated or whatever the fuck you wanna do
>>18494476
I owned like 50k for a while and didnt even think about staking either until a week ago when I started looking at these threads more. There will be competitions in the future. There will be more opportunities. You're still fairly early and you'll be alright.

>>18494554
Yeah sorry. For some reason i interpreted you . as , in the 50 mil, but interpreted it as . when you gave the dollar value. I saw it as 500 usd. I only realized the selective retardedness after I hit send.

So the best course is to wait for tomorrows competition, since the returns will be shit today, amirite?

where can I read more about SUTER? how big are your bags?

1 cent waiting room.

>>18494745
$1 waiting room after the mainnet launch in september

When is the contest going to be over tomorrow anons?

>>18494812
same time as usual

>>18494827
And whens that?
t. new bagholder

Total crypto new fag here, only have a coinbase account, but can't resist this for some odd reason. Which exchange would be best for me to sign up on and get this? I'm in the US so binance is out of the question

You guys are getting scammed. Look at this chart - market cap is rising decoubled of the price- this means it is rising because a lot of new supply has entered the market. Someone, likely the devs, are holding it and will dump it. Also, this likely occurs because of a huuuuge inflation.

>>18494866
>he doesnt know

>>18494866

>>18494880
That the coin has a lot of inflation, which will lead to early staker (devs etc) dumping their bags at one point?

>>18494891
>he insists on now knowing
I for one am sick or providing the same info over and over again in every thread but thank you for your concern, it warms my balls

>>18494843
https://node.suterusu.io/validator_node_competitions
This is where you delegate. This also has the countdown. Did you not transfer the coins to your wallet from this site yet?
>>18494632
Live to fight another day.

>>18494866
> devs have their funds locked for three years
> devs airdrop 2 million coins daily for the past two weeks

Does not sound like a scam at all.
Read the whitepaper

>>18494855
There you go, fren.
https://www.kucoin.com/?rcode=2HuReH1
Be sure to grab a heavy bag

Suter is on place 2201 on coingecko, i thought i got a germ right there, feels bad frens....

>>18494745
Almost there. make sure to pop a bottle.

>>18495039
> rank 195 on coinmarket cap 5 months after release
> this is bad

You make me sick with your pessimism

>>18495034
I only have 100€ to drop on this shit coin, is it worth it?

>>18495094
Yes!

>>18495069
Again just for you fren. I only watched coingecko, there it is on rank 2000, so it seemed more profitable than being in top200 on coinmarketwatch...
https://www.coingecko.com/de/munze/suterusu

>>18495151
Then take my apology, please.
Welcome on board!

>>18495168
Cheers, to the moon.
T. 200k since 0,0056 suter staking brainlet who cant math.

>>18495034
Awesome, much appreciated fren!

anyone participate in this?

https://twitter.com/kucoincom/status/1242698888869367811

>>18495208

see >>18493906

>>18495130
wtf do I need to kyc on kucoin?

I would like to raise a toast to the Suter community on /biz/, one of the most trustworthy and based bros here.
God bless!

>>18495336
only if you withdraw more then 1BTC daily, otherwise you just need TFA enabled

>>18495207
dude, just dont be such a massive newfag, if you buy up a big bag of this, you will get dumped on, for a fact.

Anything shilled on /biz/ is a clear indicator to stay away, you WILL GUARANTEED LOSE MONEY.
>no one here is your 'fren' faggit

>>18495355
>saying newfag, posting fear

>>18495355
Sounds like you do not want to share you coins. Greedy jew.

>>18495375
no fear is 'exit all positions NAUUUUUUUU, critical market crash impending'.

Or

'Moonmission bois!! dont miss this excellent chance to make serious bank, what color lambo you want breh? buy this fucking coin NAUUUUUUUU'

>>18495375
18 posts by this ID
>>18495383
19 posts by this ID

no way this could be coordinated/vested interest in some social engineering to buy bags.

Damn you shill fags so so transparent.

>>18495546

>>18495546
> People are genuinely excited about a project and participate in an active discussion
> Oh no scammers ahead.

Read. The. Whitepaper

>>18495546
>meds take them

>>18493365
p much this

you think people buying 50-100M of this aren't going to get a return?

you FUD fags hate money.

>>18494180
Fuck, I've delegated 500k there.

>>18494866
it's called "we (the stakers) are the ones gaining this inflation and will not be fucking selling"

I put in a buy order on hotbit, but it remains 0% complete. Why is this? Low volume or something? I even jacked it up a little bit over market price and it still wont fill

>>18496629
Use kucoin
I can get about 50-60k orders reliabily

>>18496773
Now I have to wait 24 hours for this chink app to let me withdraw.
Big ree

275k suter samurai reporting in. Maybe we should send tweets to CZ and ask him to list on binance

>>18497194
someone call vitalik, he loves ZK Snarks
https://twitter.com/Snowden/status/943164990533578752

>>18496629
Get off hotbit inmediately. Use kucoin or, if necessary, MXC.

Im about to buy $10K worth of suter. Some one convince me not to.

>>18497563
Do it, fren.

t. 500k

>>18494891
It's deflationary over time. It halves and it's capped. Only early users will benefit from big inflation / minting rate

>>18495346
Cheers, sir
>>18495546
Honestly this is probably one of the least scammy groups on biz. We really are just a biz bros who like suter. No one here is trying to sell their bags yet - it's barely begun
>>18497237
You should see his reddit post on Zk-snarks, he says they're great but not trustless and this is a problem. Wish he knew about suter

>>18497563
wait until the rewards for the competition come out and it goes down a bit then buy

>>18498128
kek or he can delegate in tomorrows next competition and help biz win, I will delegate my measly 30k to /biz/ if we win, Who knows how high the price will go, it's still pumping

>>18494303

Step 5, are you saying wait till 20hrs time and quickly add to the number one spot located here:

https://node.suterusu.io/validator_node_competitions

I can't believe we've hit $4,000,000 daily volume. And then you look at PNK - $10,000 daily volume hahahaha

>>18498245
PNK: Sats gang PnD
Suter: Oraganic growth

>>18498208
Where to buy suter as an american who cant use binamce?

>>18494891
Have fun being poor fag. I hope you never take risks in your life and you just fly straight ill you die

>>18498457
erm, I dunno man, I hold both, PNK is rising steadily back in GWEI and the project is already working, it's a long term gem imo

>>18496773
Kucoin isnt letting me trade at all what do

>>18498617
what do you mean? Checklist:

1. do you have your trading password setup?
2. do you have funds transfered from your main account to your trading account?
3. Are you on Sport Buy trading?
3. Are you on SUTER/BTC or Suter/USDT?

I just bought some earlier today thinking I was gonna stake on those arabs.

>>18498663
1 yes
2 yes
3 i really dont know

Says I have to verify identity to trade, im on mobile, and there isnt an option for americans tp do that

>>18498617

you have to transfer from your main account to your trading account. When you deposit it initial goes into your main.

>>18498687
Never mind im aretard
>>18498688
Thanks

>>18498848
it's fine brah, KucKoin is slightly different

>>18499168
Defo gonna be using it now that I kinda get it

>>18499298
Kucoin has always been solid.

OOOOOOOOOO