/biz/ - Business & Finance

Today, I bring you the perfect pumpenomics, called Myx.

It's a defi, dao (yes buzzwords, who gives a shit) project that has a token that burns 5% everytime a transaction changes address.

The initial supply is 1 billion and the goal is 100 million. So, what's happening is basically a new redistribution of the token. Instead of 0 to something, it's the other way around (ingenious, btw).

How they redistribute some of it, outside of the burns? They have 2 staking mechanisms, one in which in every transaction (where 5% is burned), 2,5% is distributed to stakers and another where where entering/exiting such mechanism distributes the 5% over the holders.

So, what's happening is simple. This is farming, just inversed Why it's good? a) the yields are better than any farm out there b)Because whales can't keep moving over pools, put money, take money because in every transaction they lose 5%. So what they do? Station the money and let it grow. This is a strong hands project. The more you hold, the more percentage of the cap you will have.

Token pumps? You get burns
Token dumps? You also get burns
Nothing is happening? You can get money in the second mechanism when someone moves in/out.

It's a printing money machine until the coin achieves it's distribution. The great news? It's like 5-6M mcap. What does that means? This coin is going to lose 90% of it's supply, meaning that the cap would be ridiculously low with no price adjustment.

I'm never ever shilling this again on biz. You either understand the absurd potential of this or try to find the next gem.