/biz/ - Business & Finance

It’s payday every day at 22 utc.

dev tokens locked (so no rug pull) and free money every day. imagine not tossing an eth into this

/flow_to_$2_before_rebase

Biz loses its savor after you buy Flow....

>>21634761
idk bud, i'm here forever

When normies start FOMOing into FLOW us biztards are going to make bank.

-FLOW 22nd highest volume on UNISWAP.
-IVAN on Tech spoke about it
-Telegram community is BASED AS FUCK
- we all eat Ambergris for breakfast

Buy now or forever watch a small Jewish man have intercourse with your wife

LETS FLOWIN GO CHADS

>lost 110 flowies swinging
>will make them back in 3 days time from rebases
It’s just such a comfy feeling

>>21634938
the hype in the tg was what convinced me after watching the chart all day, reading it during a pump is more or less drugs at this point
t.me/flowprotocol

Flow is my comfiest moonshot.

biz you haven't failed me yet.

Listen up faggots. You see that stepmom ad at the top? If you invest a hot stepmom will appear in your life and fuck you. What are you waiting for anon?

>>21635011
did same thing anon -- sold 1.70, decided to buy dip at 1.40, dip didn't come soon enough, number go up, panic back in at 1.70, dip comes

is ok will get it back in a few hours COMFY

>>21634997
i want to see top 5 this week

I swear, I will avoid ALL Telegram coins
FCK TELETARD cOmMuNitY PAID CLOWNS

>>21635348
i am getting paid 1% a day, but unironically i even want retards like you to make it. your money though, buy statera or something

>>21635348
My dude, no one is getting paid for shit except their 1% drop every day.

>>21635436
ye bro tnx,why do yes I own 36 f l a w from day one (1) I will never sell until #1 or it crash sirs

>>21635436
I own a bag of FLOW but STA is also delicious. If you like FLOW you should definitely consider getting some STA brother.

>>21635516
godspeed anon

>>21635612
I am considering buying STA as well, but don't know much about it...why do you think it's a good idea to buy now?

>>21635612
Isn’t it fucked from being deflationary?

>>21635815

flow or sta?

Can't wait till liquidity mining arrives. Dev is ready to deploy the smart contract forked off AMPL's Geyser. He is just making UI adjustments at this point.

>>21636057
You know what's best for you.

>>21636239
source??

>>21636393
Nazi punks fuck off, as my grandpa used to say when he was curbstomping the shit out of porker nazis in WW2. He also told me on his deathbed to invest in FLOW.

>>21636624
Anon isn’t lying, last words uttered were “go with the FLOW”. this has been 20 years in the making

>>21634938
there could be an ivan on tech video literally tomorrow that brings every normie in the normiesphere to FLOW

>>21634622
This is gonna pump straight to $400mil marketcap. Should replace AMPL really, a lot more sustainable and no negative rebases

>>21637050
I don't know how the normies will find out about FLOW, but they will eventually and then today's price is going to look like peanuts.

>>21637197
Lol at negative rebases. FLOW FTW!

Stay away from this shit, you can tell this is organized shilling by the lack of criticism in the thread.

>>21634622
This weekend is going to be green candies

>>21637385
>anons only criticism about this token is the lack of criticism
topkek

>>21637385

lol "organized"

check the telegram... it is most certainly the most chaotic group you will find. use that big brain anon

>>21637385
But despite obvious dumping it's still recovering every damn time. I could have sold at 2x profit even after the dumps today, but I won't. It actually feels like a good investment

RIP FLOW

>>21637385

I'm a FLOW holder. Here's some criticism:

1. anonymous developer
2. not all tokens the dev have are locked up - haven't done the math on percentages but for example part of the advertising allotment is unlocked and the dev could dump them on the market at any time - then again if they were locked how could he use them for advertising/partnerships?
3. no utility outside of the inflation (I don't feel this is worth mentioning but ah well)

If any of the above bother you enough not to invest, don't. Or, join the telegram and get a feel for the community and developer and maybe you'll decide to throw in with us and make mad stacks when normies get in on FLOW.

>>21637737

you literally have no critique. sucks to be a virgin

>>21637385
join the telegram anon, i linked it up above

>>21637789
Check the chart, it just dumped hard. Someone ran away with all your money.

>>21637813
the biggest sell in the last hour was 3 ETH...

>>21635724
It's deflationary (1% of every transaction gets burned) so it allows for volume farming in pools. It could become the retirement coin for everybody that "makes it" (2.180.000 yearly return on 500k with yesterday's numbers in the STA/ETH uniswap pool).
Balancer is about to refund 1.500.000$ in different coins (the 20% STA part was already refunded today by the devs, that's what caused the dump) to all statera holders that were victims of the hack that emptied the entire pool and that money will, for the most part, flow back in STA and cause an huge pump.

>>21637813

someone put this poor kike out of his misery

>>21637908
The price will crash because no one would have any reason to get it after the whales have their large make-it stacks. If there are lots of people with millions of dollars holding it, well they don't really have millions of dollars unless they sell. Since there is no intrinsic value to the thing except to make early holders rich (that is, there is nothing to attract new people to the asset a year from now), there will be tremendous selling pressure and this will go nowhere. Anyone holding this needs to pay attention and sell half after they've made back their original investment and then carefully watch it. This will have a market cap of <5 million dollars a year from now, guaranteed.

>there is no intrinsic value to the thing except to make early holders rich

you could say this about literally every single crypto

>>21635724
>>21635815
What is an index fund?

An index fund is a fund that can track a specified basket of underlying investments and in this case: BTC, ETH, LINK all balanced with STA.

The rules are that these coins are set in the fund at a specified percent so as one goes up or down the others are automatically bought or sold to balance risk and maximize profit. HOWEVER, the key is that STA is deflationary (whenever an STA transaction happens for buying/selling/pooling, 1% of the transaction of STA is burned). This token burn + tokens being locked in pooling pressures prices up to again make sure the other coins will be balanced. You also are given a % of all the fees paid in STA transactions up to 36% APY and during a run up to 40,000% APY.

The power of STA is that the ripple effect of: (1) compounded fees, (2) token burn, (3) price pulled up by ETH, BTC, and LINK leads to an exponential effect and positive feedback loop on price.

Can the team dump? No, this is the most decentralized token as the project much like BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own <4%.

In short, Statera:

1. Increases positive price pressure and decreases volatility - caused by the deflation
2. Gives one token access to the ecosystem, price action of assets its pegged to, and benefits of arbitrage
3. Deflation can be put into any index fund (Balancer pool) or other financial instrument
4. Deflation rewards loyalty, if you get in early when supply is high, as supply goes down assets get more valuable
5. Diversification - You can hold many assets in the ecosystem
6. Passive income- make money while you hold your crypto (over 30% APY)

TL:DR

In simple terms the Burn function of STA is designed to create volume. In a way Statera discovered "Volume Farming".

>>21638009
This argument was presented countless times. The incentive to buy the coin is the possibility to pool to get a disgustingly high ROI. When the coin is in a pool, it gets burned constantly, making it more valuable over time.
Also, you need to consider the fact that the fees the pool pays you are tied to all the coins in the pool, not to STA's value.

>>21638009
They said the said the same about AMPL.

Here are the facts:
>No ICO/Fund raised
>Yield farming coming
>Dev put his own 100 eth into liquidity pool
>Liquidity pool locked
>100% of Developer's tokens locked
>Total of 4,935,139 Flow tokens locked
>Contract Source Code Verified
>No real whales
>Airdrop coming
>Coin Gecko listed
>Microcap
>Non-dilutive distribution of tokens available everyday at 22:01:34 UTC and will continue to get tokens for the next 10 years

>>21638272
>Yield farming coming
what does this mean?

>>21638684
If you know yield farming, you know.

>>21634622
lmfao its not 1% interest its 1% circulating supply inflation retard.

>>21638684
Basically you make FLOW by staking your FLOW, but it's not an hourglass. Search for liquidity mining.

Only a couple of more hours or so till the next 1% rebase everyone!

>>21637771
underrated post

>>21639102
yes to all current token holders as a reward for early adoptors and incentive to hold long term. so get in NOW

>>21639547
wouldnt it be best to wait till after 60 days when the inflation is capped?

>>21634997
what's the sand nigger coin ?

>>21639652
Inflation lasts for 10 years. After 60 days it's 0.5% for an entire year, then 0.25% for an entire year, then 0.125% for an entire year, and so on.

>>21639727
so our tokens are getting constantly devalued, just less and less over time?

>>21639799
Yes, like Bitcoin and other coins with an inflation slope.

>>21639933
isn't bitcoin deflationary?

>>21640129
That might be one of the dumbest questions posted on this board I’ve ever seen

>>21639799
Thats not how psychology works dude. That's not how things worked with AMPL, either. As price rises, the 1% payout will get larger and larger. Inevitably it will attract people in droves who want in on the "free money."

You have been alerted.

>>21640129
no, but inflation is tapered via halvenings which theoretically increases the value of existing coins because fewer can be mined as time goes on.

>>21640129
As people die and wallets therefore gets lost and forgotten the circulating supply of btc will be less. So yep it is.

>>21640201
Except AMPL was broken and started doing negative rebases, all of these complex defi tokens are breaking. This is simple as fuck and rugproof.

>>21640129
After 2140 or whenever the cutoff halving is and no new tokens are minted, it will be.

Same for FLOW in 2030 when no new tokens are minted.

Until those dates, they are inflationary.

inflation -> supply goes up
defaltion -> supply goes down

(note that they are not deflationary in principle, because tokens aren't burnt - however in practice people lose or destroy tokens)

>>21636394
He said so himself in the telegram. He also said the backend is available for anyone in the community to build UIs around. I'm gonna take him up on that offer.

He also actually tests his code before release. Its bizarre how much stake people put into "who's on the team" when software always benefits from having a competent benevolent dictator with a vision.

come on in stinky linkys. just go with the FLOW

>>21640458
It's inevitable, watching unrealized gains dissapeear hurts more than losing money.

>>21640129
Oh my god

>>21635348
We all came from biz, went to tele, and now come back to biz.

>>21640606
$4 is fud, this is going to double digits within the next few days

I can’t send any more from coinbase. How do I buy?

>>21640129
put me in the screenshot

>>21640751
Uniswap

https://app.uniswap.org/#/swap?outputCurrency=0xC6e64729931f60D2c8Bc70A27D66D9E0c28D1BF9

im down 25%

>>21639137
How does staking work in general? Is there anything specific to be done for it? Or is it the same as this 1% that ppl receive on FLOW?

>>21640129
I'm not going to shit on you like everyone else but btc is very much inflationary. Proof of Work and the concept of "mining" have introduced problems that didn't exist. It's probably the one thing Satoshi didn't fully think through. It's also why he can't be Japanese, because any Japanese man would know that Chinese people will inevitably fuck everything up. A key fundamental step in Japanese problem-solving is accounting for the Chinese Menace, and boy have they fucked up btc.

Mining crypto introduces inflation. You are not mining BTC, and you never will be. Ever. If you were you'd be operating at a heavy loss. Almost all of the inflation of BTC goes to CCP run mining operations. If you hold 1 BTC forever, the value will indeed go up due to it's scarcity, but you'll only ever receive more by buying more. The CCPs bag claims the inflation, diluting your value over time.

Flow's inflation mechanism is meant to address this directly. The inflation is applied automatically to holder's wallets at a rate set by the Era. You can read the white paper to find out more, it's very straightforward which is apparently reason to FUD but I don't give a shit about that. In short, if you own 50% of the flow today you will own 50% of the flow in 30 years. In effect, everyone is a miner.


The current distribution of wallets is refreshing. You can see it here: https://etherscan.io/token/0xc6e64729931f60d2c8bc70a27d66d9e0c28d1bf9#balances
There are some large wallets in the top 20 but you'll find that it drops quickly.

This, along with the fact that there is no Dev, VC, Silicon Valley Dipshit, or Ivy League hack holding 65% of the supply hostage is why people call this "rug proof". The dev has done everything the community has asked of him. This project could have been DoA if they used the institutional model that 99% of projects have been built around recently. This one has a pure vision for store of value that's fair for all holders.

>>21637813
yikes

>>21641141
I am not smart enough to explain liquidity mining in detail. Read about the AMPL Geyser because Flow's liquidity mining is going to be similar.

>>21641141
There's no staking and no network usage or fees associated with the inflation rate. Every day at 22:00 UTC, everyone's wallet increases by the inflation rate set by the current era. Just check your wallet every day and the number will go up. You can read the inflation function yourself from the github repo on flowprotocol.io, it's built-in to the contract.

>>21641199

kek. these dubs don't lie

>>21641199

this is a beautiful post, also checked

>>21640879
Sure, but I’ve reached my sending limit, so I can’t get more ETH to my wallet to use uniswap. Do you know any way around this?

>>21641199
checked
all in

>>21641376
Ask on telegram

>>21641302
Ok, I know about that, just did not know that was actually called "staking". Thanks!

>>21641376
Sorry, no.

I just got 500 a bit ago at 1.46
I hope that's enough.

>>21641199
checked, you magnificent bastard

>>21641199
chek em

>>21634622
>1% per day
>not a scam

pick one

I’ve loved every single second I’ve been a part of flow

>>21641525

FLOW token and its distribution are governed by Eras. At the end of each Era the inflation rate
is halved. The first era, called the Genesis Era, lasts for 60 days. After the Genesis Era there
are 10 additional Eras, each lasting for 365 days.

The daily inflation applied to the FLOW token supply starts at 1% during the Genesis Era and is
halved at the end of every Era.

finally a good FLOW thread instead of the usual moonboy shit

>>21637771
Here are some things I'd add to the list as a fellow hodler:

1. Project Age. It's not even a week old. This is a perfectly valid reason to avoid the project until you feel confident in it.
2. It's currently only available on Uniswap. Uniswaps primary use-case is siphoning valuable eth out of people's hopes and dreams and converting it to btc.
3. People are retarded. YAM tried to do what FLOW is already doing and failed. AMPL has institutional bagholders who made the project dead on arrival. These coins have a ~25M and ~175M market cap respectively. AMPL at one time had 700M or something like that. If anyone holding either of these coins doesn't see that they are scams and Flow is the true vision, then I will lose whatever hope for humanity I have left in me.
4. Uncertain future. While the project is open and implemented with good intentions, it's always possible we're being taken for a ride.

>>21641930
The beginning threads had great discussion but it obviously went moonboi a little after everyone in those same threads did 800%

>>21641930
https://www.youtube.com/watch?v=7NX9UuRyt0E

COOM or FLOW?

>>21642742

flow will make u coom

DeFinition.network , True #DeFi! Fair game! $DZI

>>21643067
well this is bullish for FLOW

>>21643067

have fun getting dumped on

anything touched by Justin Sun is shit

Buy chaos coin now let the Galaxy fall to the warp.

Is there a link or something to the website for FLOW?!?!?

>>21643484

https://flowprotocol.io/

>>21643249
thats a pretty good idea for a coin desu maybe that'll be the next meme coin after COOM

Imagine saying no to 1% daily gains for 55 days. The genesis era will go down in history

>>21643249
>>21643067
Spammers shitting up threads with their own bags that no one will buy is giving me serious (((2017))) vibes

Pardon my ingnorance, but doesn't burning 1% a day only inflate the price more. I can't think of any genuine uses for that other than making more $

Anyone got a dextools link? Can't find anything for flow.

Never been so comfy with a FLOW stack. Rebase in 15 min

>>21643856
It's broken at the moment - was working yesterday so probably dextools is borked.

15 mins until 1% FLOW free rebase
mmmmmmmmmmmmmmmmmmmmm

>>21643838
No it's not a burn. If I have 100 FLOW in my wallet, then as of literally right now I'd have 101 FLOW in my wallet.

I was the top wallet on this coin for first few days. Then I tried to swing...

Now I have half my stack

DO NOT TRY TO SWING THIS COIN .

>>21644979
I love when FLOW dumps. It gets redistributed so quickly.