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/biz/ - Business & Finance

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21245420 No.21245420 [Reply] [Original]

Hello anons, you may know me as the guy that told you to buy XOR at $3, SBREE at $1.50, RING at 1c, and AMPL at 10m market cap. But worry not anon, for I have more to share with you. Ladies and gentlemen, after weeks of hard work & research, I would like to present to you your next uniswap gem, SBTC. SBTC is AMPL for Bitcoin. Each SBTC is soft pegged to .0001 BTC and rebases like AMPL does with the US dollar.

>listed on coinmarketcap over the weekend
>official launch/rebases later this week
>staking mechanism

Contract Address: 0x309013d55fb0e8c17363bcc79f25d92f711a5802
Website: sbtc.fi

>> No.21245530

just bought some without thinking thax op

>> No.21245544

>>21245420
post your wallet and I'll do it :)

>> No.21245577
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21245577

>>21245544

>> No.21245810

>>21245420
>Each SBTC is soft pegged to .0001 BTC and rebases like AMPL does with the US dollar.
explain to me like im a retard?

>> No.21245958

>>21245810
Sure, I’ll spoon feed you even though all this information is easily found by going on their website and reading the Whitepaper.
> The Soft Bitcoin Protocol expands and contracts the supply relative to the target price. If the time weighted trading price of sBTC is above the target price, the supply expands and conversely contracts if it is below the target price.

So that means that everytime SBTC is above it’s target price of .0001 BTC, supply will increase along with wallet balances. Using this mechanism, you will always keep the same % of the coins supply

>> No.21245994

>>21245958


what's it currently priced at in terms of buttcoin?

>> No.21246088

>>21245994
over twice :/

>> No.21246093

>>21245994
>>21245958
??????????????????? so its already 2x over priced? why should we buy?

>> No.21246144

it's currently $2.78, pretty much the same as what it listed at yesterday

>> No.21246169

Uniswap gem? But it’s pegged to btc? I’ve been drinking anon spoon feed me

>> No.21246177

>>21246093
You want positive rebases anon?

>> No.21246216

>>21246177
what is a positive rebase? i missed out on ampl

>> No.21246303
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21246303

>>21246177
>>21246216

>> No.21246345

>>21246216
Every time it is above its target price (.0001 BTC), supply will increase along w wallet balances. This will continue to happen in the early days until we reach a much higher market cap.

>> No.21246471

>>21246345
i can keep them in metamask?

>> No.21246579

>>21246471
Yes

>> No.21246721
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21246721

>>21246579
when should i sell?

>> No.21246757

>>21246721
Up to you man. I’m not selling for a while considering rebases and staking

>> No.21247058

Bought some and chickened out and sold. Had a thought. Why won’t it rebase for several days out?

>> No.21247769

>>21247058
It’s not the official launch yet.