/biz/ - Business & Finance

>>20404561
in for 25k A2

Enjoy your slow bleed. Like you've learned nothing from Hedera at all. How could you see that token distribution and still be remotely excited?

>>20405468
its about the price, hedera and a bunch of others had 90-95% discounts for seed, this one had pretty much same price for everyone

>>20405533
Eh, best of luck. I saw the launch cap, distribution and that it's just another L1 contender in an already ridiculously crowded market and it was an easy swerve. You might do pretty well as a quick flip onto people who didn't want to KYC though, I guess.

>>20404561
>ermin

the number of charlatans in this space is mindboggling and i say this is a specialist in security and cryptography who was on the same p2pfoundation forum as satoshi when he first shared it

vitalik, gavin woods, ermin, sergei

bunch of egotistical brainlets. satoshi was the only real visionary and he still hasnt come forth to claim his crown. next level human compared to these charlatan

>Imagine buying l1 icos in 2020

Army of freshly minted baghodlers will flood biz shilling like last pajeets same as with hedera and algo brace yourself because this will dump crab forever again same as with hedera and algo and moree they lose harder they shill

$100k I popped in

This will flip ETH

TNX FOR SHILLING ME THIS SHIT BIZ

>>20404561
why dont you niggas post before ICO? u think biz buy your scam coins on premimum

When even Charles Hoskinson says Avalanche is a top project , that's good enough for me to buy AVA.

>>20406262
where and when to buy ?

>>20406259
There were a couple of threads but honestly most people saw that only 2% was going to the public and noped the fuck out.
The people that were left were gamblers going for a quick hype flip. They might do OK with current market sentiment, who knows...

>>20406271
No clue yet.

>>20404561
Where do I buy this shitcoin. Is it even on any exchanges yet?

>>20406275
so now much they allocated for public?

>>20406259
The first ICO crashed for a few hours and they have to postpone for 1 week.
The whole thing sold out in 6 hours and it took so long due to queuing time, raised ~$40M

>>20406275
They ended up selling 10%. This is not a quick flip project, it's legit >>20400568

>>20406259
We didn’t want the sale to be flooded even more. It was crowded as fuck as it was and sold out rapidly.

LINK marines got in if they follow chainlink announcement and videos, Sergey did a video with the ceo of avalanche recently.

>>20406271
It’s not on mainnet yet. It’s expected in the coming weeks (July to August)

It will likely be listed on a tier 1 exchange

>>20406336
It's yet another layer one. Does the market really need another of those at the moment?

>>20404561

Imagine buying another layer 1 token right now.

You're basically betting that:
1. ETH's transactions fees and ETH2 delays will be enough to drive developers and users (liquidity) to a new layer 1 network and it's Uniswap/Compound/Synthetix copycats.

2. Those same devs and users won't go the established ETH competitors much further along in development like Tezos, Cosmos, Polkadot for their flavor of Uniswap/Compound/Synthetix copycats

3. Those same devs and users won't go the less established but highly-funded ETH competitors like Hedera, Algo, Cardano for their flavor of Uniswap/Compound/Synthetix copycats

You'ed have to be fucking retarded.

>>20406429
When you buy a layer one there’s always the risk that it never takes off due to the competition. However you’re buying a layer one with an incredibly strong team and with very promising technology at a very low valuation.

>>20406429
More like layer 0, ETH can't scale so yes
Full EVM support means it can absorb Ethereum with small friction

>>20406506
>very low valuation
Wasn't it like $700m fully diluted?

>>20406548
If you multiply max supply by price then it would be $350m. It doesn’t make sense to use max supply though, that won’t be unlocked for several years and tokens will be consistently burned meaning circulating supply will never reach 720m.

>>20406566
That's not as bad as I thought. Still don't know why people are going long on L1s when you can just buy Chainlink which will service all of them/any of them that succeed.

>>20406336
>They ended up selling 10%. This is not a quick flip project, it's legit >>20400568

ohh boy...10% for 46 mill...so total mcap is like 500 mill to start with. sorry its looks like vc scams Argoland, hashgraph..etc

>>20406611
no, 50% is locked for staking reward.
If you bought at $0.5 the effective market cap is 180M, lower than ALGO and Hashgraph now. They're ghost chain with no real usage like EOS, but AVAX is compatible with EVM so it's not starting from scratch.

Seed investors bought at $0.33, private sale bought at $0.5 (same as public sale)

I'm glad I missed out.

>>20406259
yes thats exactly what biz does

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Make it stop pls

>>20404561
this will bleed 50% unless you immediately sell the listing top.

IF you gain, put your gains into Suterusu before it moons.

>>20404561
I made it into the last queue, but didn't wanna get cucked with 1.5 year vesting and paying nearly double the price. Was also pissed that multiple whales skipped the queue and managed to buy up millions of tokens like they promised wouldn't happen. People are pissed. Notice how they haven't opened the telegram back up?

Honestly it's selling lower than i thought OTC, You can buy 2000-4000 stacks at closer to option B price. I bought 25K at option A1 i hope i didn't make a mistake (The project is potentially great but we all know that this isn't really a guaranteed returns).

Do you think it'll be around 0.5 on exchange? I wouldn't mind accumulation period desu.

>>20405533
Seed price was 0.3$, If you think they wouldn't dump at almost x3 youre delusional. Also mpst of the circulating supply will be of options A1 and A2 ehich means that most bought at 0.5$ which still give 70% profits on option B right off the bat.

>>20407803
>nearly double the price
The price is the same as private sale, $0.5 a pop

>multiple whales skipped the queue and managed to buy up millions of tokens like they promised wouldn't happen
yeah it's a mistake if it's true, maybe they can refund it and make another sale later. I saw they mentioned future sale on Twitter but couldn't find it anymore.

>>20406548
>>20406566
Wrong its 720m max supply. Meaning at 0.85$ ita alreadt valued at around 650m.

>>20408236
50% is locked for staking reward, your share in the network will be 2X if you stake.

>>20406403
How the heck did I miss this, care to link it?

>>20408357
https://youtu.be/q-SzVFyddqE

go watch some more of his presentation, it's good shit

>>20408196
I only got in after the 0.5 was already sold out. Didn't wanna be paying 0.85. Fuck em, this queueing system was total bullshit.

>>20408423
Thank you fren, I'll make sure to buy your bags in the future <3

>>20408196
>yeah it's a mistake if it's true
It's true, folks on their latest Twitter posts have been talking about how they could keep buying more without going through the queue again. Whale wallets are being shared that bought up millions. Check out this one, about 15x 25k transactions all going through. How the fuck did that happen?
https://etherscan.io/address/0xa4c8d239493a90299949d34b8a3300a592447fd3

Watch the shit hit the fan when they open the TG again. They're probably hoping people will cool off if they keep it closed for a while kek.

>>20405468
slow bleed are you fucking retarded?

after 1 year the supply will be 120m. at ICO price that will give it a 60m market cap.

there is no slow bleed for ICO investors. There's only a slow bleed for people buying on exchanges who are paying $5 per coin

>>20408520
Did you not read the sale info page? Option A1 shares the same pool of token with Option B, you could've bought A2, $0.5 with 0.5 year longer vesting period. It stayed opened for a few hours. I'm sorry to say this but you've missed a great chance anon.

>>20408531
The best video I've watched is this one from Ethereum Devcon, really tells you how Athereum (Ethereum VM on AVAX) will be a total game changer
https://youtu.be/JOO0KbtrtB8

>>20408236
it won't reach 720 circulating supply for decades you braindead retard

>>20408690
Reminder that HBAR is only at 180m market cap due to equally as retarded distribution fuckups.

>>20404561
my god, you dont buy ico´s. you wait till it launched an buy in after 6 months and a -80%. fags never learn

>>20408743
Noob, you're supposed to buy ICO and sell on the first minute for 2-5x gain.

>>20408717
Oh well, fuck it. They're a bunch of cunts.

>>20408753
its not 2018 anymore fag. enjoy your loss

>>20408743
You're fucking retarded. The ICO was so cheap. It physically can't fall to it or below it. If it does it will be on the 2nd page or even 3rd on coinmarketcsp.

that's how much the team undervalued their coin. You will never buy it low bro sorry to break it to you. it's just reality

>>20408604
There's no way to refuse people sending in money
Maybe they can do a refund and relocate the tokens, it's not hard

>>20408729
The difference is that HBAR is shit but AVAX is not, while still having a lower market cap

>>20408753
Do you expect more than x2? It doesn't look like it OTC. Or maybe you mean x2+ from 0.5 and not 0.85$?

>>20408872
what's the OTC market you guys have been talking about?

>>20408812
How exactly this is undervalued? Its valued at 720m max supply currently without even a mainnet, very underwhelming partners and zero use cases.

Do you even understand the concept of circulating supply?

>>20408944
There's an avax IOU on some low volume chink exchange. It's a scam.

>>20408957
>very underwhelming partners and zero use cases.
Pretty much this. Nobody is building on it yet. They're creating another level 1 blockchain in an already oversaturated market. I think BNT will be a better buy here, both will have around the same market cap when avax goes on exchanges and Bancor will be bringing in institutional liquidity after V2 launches.

>>20408958
I know about it, the Big One IOU trading at $4.9 with shit volume
https://bigonezh.com/trade/AVAX-USDT

But this dude >>20408118 >>20408872 is saying AVAX is trading not much higher than ICO price? In any case there's not real token before mainnet, I'd recommend staying away.

>>20408944
It's on whitelist/otc groups, Granted the lowest i've seen is 1.2$ for unlocked tokens (I guess they mean option B) but buyers ask for less. I assume it'll go down even more after the hype will die down, But good thing it's going to list soon so the hype will remain.


Anyway i think i'm safe at 0.5$, Even it comes down to those levels i don't believe it'll deviate much from it (Unless BTC shit himself again).

>>20409049
Its not just shit volume its entirely fake one. The team themselves told cmc to remove it, im not sure why coingecko still hasn't removed it

>>20408957
it's not valued at a 720m circulating supply. that supply will take decades to reach.

It's clear you haven't read anything about the coin or even about the coin release schedule.

After 1 year the total circulating supply will be 120m coins.

Put that into perspective when you give your price predictions.

It will take like 3 years to reach 360m tokens and from there inflation will be tiny - probably like 5% or less - same as other PoS coins all the way to 720m.

This coin literally can't go back to 0.5 or anywhere near it as it would mean it would be on the second page of cmm.

>>20404561
Imagine buying another layer 1 token right now.

You're basically betting that:
1. ETH's transactions fees and ETH2 delays will be enough to drive developers and users (liquidity) to a new layer 1 network and it's Uniswap/Compound/Synthetix copycats.

2. Those same devs and users won't go the established ETH competitors much further along in development like Tezos, Cosmos, Polkadot for their flavor of Uniswap/Compound/Synthetix copycats

3. Those same devs and users won't go the less established but highly-funded ETH competitors like Hedera, Algo, Cardano for their flavor of Uniswap/Compound/Synthetix copycats

You'ed have to be fucking retarded.

>>20409897
You posted this already

>>20409909
Imagine buying another layer 1 token right now.

You're basically betting that:
1. ETH's transactions fees and ETH2 delays will be enough to drive developers and users (liquidity) to a new layer 1 network and it's Uniswap/Compound/Synthetix copycats.

2. Those same devs and users won't go the established ETH competitors much further along in development like Tezos, Cosmos, Polkadot for their flavor of Uniswap/Compound/Synthetix copycats

3. Those same devs and users won't go the less established but highly-funded ETH competitors like Hedera, Algo, Cardano for their flavor of Uniswap/Compound/Synthetix copycats

You'ed have to be fucking retarded.

>>20409386
You dont make any sense, Of course this will be 2-3 page because fucking only 4% of the supply is released.

After 1 year they may grow into themselves but now its massively overvalued, take a look at it without bias, they literally have nothing yet.

Furthermore, it's the avalanche consensus that's groundbreaking, not this particular product. Other L1's could adopt avalanche if they wanted to go down that path, or what is likely to happen soon is a group will fork everything AVAX have done, and release a product with a much fairer distribution. Remember: AVAX have nobody using their platform yet, it's fresh off the blocks and offers nothing of value.

>>20410073
You're not getting the undervalued bags at listing bro. Just suck it up and buy it 2-3x.

>>20410196
I can literally buy rightnow at 1.15$, I wont tho because i believe on exchanges it'll fall much more, anyway im not touching this until inflation cool a bit, shame that another potentially decent project ruined by greed.