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/biz/ - Business & Finance

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20075902 No.20075902 [Reply] [Original]

Someone with 150K usdT just bought 70 ETH worth of stonks!! A shitload of ETH got poooled today, too. Was there a leak?? What the fuck does he know?

>What is STONK?
STONK supports DeFi through providing lucrative balancer pools that include promising DeFi projects. Its purpose is to soak balancing pressure to act much like an ETF indicator for DeFi - all in one token.

>What DeFi coins are in the first balancer pool(Yes first, more pools are being created for optimal returns)?
10% REP, 10% LINK, 20% STONK, 10% LRC, 10% COMP, 10% SNX, 20% WETH, 10% KNC

>What happened to STONK?
STONK and Statera were both victims of a flash loan exploit involving deflationary coins on the Balancer platform - liquidity from both projects were drained at the same time. The Balancer team has stepped up and will be refunding lost liquidity to both projects in the near future.

>How is STONK moving forward?
The same day of the exploit, STONK did a 1:1 transfer from old STONK coins to a new, non-deflationary coin - if you hold STONK, the new STONK token was already deposited to your wallet. Moving to a non-deflationary coin has not only allowed STONK to remain on the Balancer platform (with full 100% BAL returns) without being susceptible to liquidity exploit attacks, but it also broadens the number of exchanges STONK is eligible to be on.

>Is burning/deflation permanently removed from STONK?
Probably not, the team is currently exploring other options like manual burning to remain ERC-20 compliant, however optimal DeFi balancing is the primary objective of the project and not necessarily the deflationary aspect. STONK gains value as the other coins in the balancer gain value, not because a portion of coins are destroyed each transaction.

>> No.20075960
File: 2.23 MB, 2000x1247, Stonkchart.png [View same] [iqdb] [saucenao] [google]
20075960

>>20075902
I heard some level of rebranding is going on

>ANNOUNCEMENTS

>$STONK logo for new contract now updated on uniswap!
https://uniswap.exchange/swap?outputCurrency=0xb4058411967d5046f3510943103805be61f0600e
10-12K of liquidity has been added to uniswap! More to come soon, as time passes. You can trade in small amounts for now though

>Provide uniswap liquidity via this link: https://uniswap.exchange/add/0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2-0xb4058411967D5046f3510943103805be61f0600E

>$STONK deposits (updated contract) are now open on HOTBIT! (Cex)
Deposit here: https://www.hotbit.io/dw/deposit?symbol=STONK

>WE'RE TRADING ON HOTBIT!!!!
https://www.hotbit.io/exchange?symbol=STONK_USDT

>Old contract STONK deposits on HOTBIT have now been restored!
https://hotbit.zendesk.com/hc/en-us/articles/360050281934-Announcement-on-the-completion-of-STONK-contract-replacement-

>STONK is now listed on HOTBIT's investment section!
More details here: https://hotbit.zendesk.com/hc/en-us/articles/360050352914

FoT Tokens in balancer pools got drained the other day, Noke removed the FoT aspect and ofered to refund every penny lost. Since then, Balancer labs has explained they won't be working with FoT moving forward, so Noke is working on a manual burn, likely through buybacks. Marketing, Balancer Pool ROI Optimization, and getting Cex listings are the main focus now, I think CMC is now in sight with requirements being finished. It's going to be a big month for $STONK.
Tonk Stonk here, buying a comfy chair at 1$ so I can wait for 10$.

>> No.20075976

REEEEEE NEW SUPPORT BABY

>> No.20075999
File: 52 KB, 632x396, cmc + extra.png [View same] [iqdb] [saucenao] [google]
20075999

>>20075976
fucking insane pumps today, it 3xed for a bit there. New support! Bal 100% ROI returns whitelist secured, CMC requirements secured, Whitepaper incoming, and some major pivot in branding is publicly being rolled out. Stonks go up.

Seems like the chinese have finally capitulated, also.

>> No.20076013
File: 188 KB, 518x568, stonkchad.png [View same] [iqdb] [saucenao] [google]
20076013

reveal yourself 67eth madman

>> No.20076028

>>20075902
Why in god's name would I invest in this?

>> No.20076125

So when there will be more information out about the work Noke is doing to the token?

>> No.20076130
File: 27 KB, 480x360, stonks.jpg [View same] [iqdb] [saucenao] [google]
20076130

>>20076028
If you think DeFi will do well, you may understand why an indicator token in a balancer pool backed by promising DeFi projects will do well, too. Outside of that, the pool rewards you with weekly Bal tokens at a 100% pool reward rate, every token in the pool is approved by Balancer Labs. If you're the risky type you can swing the token between the pool at highs and lows to profit as well, there are multiple methods to profit with varying levels of risk. Some huge whales are holding bags of this and the head dev is publicly declaring big improvements to the website, whitepaper incoming, news about the project etc this week alone.

>> No.20076419

>>20076130
How is it going to act as an indicator for DeFi with more pools though?
Are they only going to pool DeFi tokens? Surely if they keep doing that it would give the weighting of some tokens too much value to be an accurate indicator.
Unless they plan on making pools for each area of crypto, but that has to be way too much scope for a coin named fucking STONK,

>> No.20076445

>>20076419
d-delete this right now anon

>> No.20076561

>>20076445
No.
I think it's interesting, glad to see at least one project in a balancer pool has some fucking clue of how it works, but I'll wait to see what the dev has planned for the future before I invest yet. If it's really that good it'll still be a steal even at 2-3x the price it is now.

>> No.20076578

>>20076561
fuck dude you cant just drop that bomb and leave pls delet or buy early to make up for it ;w;

>> No.20076754
File: 79 KB, 768x960, outplay.jpg [View same] [iqdb] [saucenao] [google]
20076754

>>20076578
Hey, the dev seems smart he's probably planned around it, but I want to see what he has up his sleeves first.

>> No.20076764

>>20076754
hrghhhh who the fuck are youuuuuu

>> No.20076773

>>20076764
>>20076754
Can you two get a room already

>> No.20076786

>>20076773
kek fuck you buy stonks its gonna be huge

>> No.20076811

>>20076445

We are just in the first pool though? The dev has STAted numerous times this is the origin (FIRST) pool.

>> No.20076820

>>20076811
yeah I know but thats like stealth news no one has picked up on it yet, like at all. Some retard was using it as fud lmao

>> No.20076890

>>20076811
>>20076820
It's literally in the OP....

>> No.20077322

>>20076890
that has nothing to do with you being the first one to put it together publicly lmao

>> No.20077472

AHHHH BROOOOS DISCORD IS DOWN NOOOOO

>> No.20077526

>>20077322
What the fuck? Do you really expect me not to read the OP for a token I'm interested in putting some of my hard earned money into?
>>20077472
>trannycord
That explains it

>> No.20077550

>>20077526
dude my whole thing is to dish out the info, forgive me for being hyped to it being successfully received. The discord server is nice ;w; /Stonkdev

>> No.20078286

>>20077472
HIGH ALERT the STONKS DISCORD IS DOWN this STILL HAS NOT BEEN ADDRESSED
they are hoping you don't notice!!!!

>> No.20078486

>>20078286
>0.004
>Discord down
OH FUCK THEY ARE EXITING
FUCK FUCK FUCK

>> No.20078575

>>20078286
>>20078486
0.83c and I'm in the trannycord, you can just post in the STA thread as the only thing they do there is talk about STONK

>> No.20079080
File: 509 KB, 1419x639, Stonk Suicide.png [View same] [iqdb] [saucenao] [google]
20079080

>>20078486

>> No.20079261
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20079261

>>20079080

>> No.20079268
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20079268

>>20079080
6k more like big gay