/biz/ - Business & Finance

>>22719660
I'm waiting for the token price to converge with floor to buy in. Not like this is going to moon so I am not worried about missing it.

>>22719691
good luck waiting

>>22719660
Devs need to do something about the claim function.Otherwise there is really no incentive to buy right now, because it will go lower and lower slowly before "the snowball effect" starts to happen. If it ever does, because. How do you attract new money if your most attractive feature is rewards one can't claim?

This is a good hold, but right now looks like a loooooong hold before you're gonna see any profit

>>22719660
/biz/ is literally too impatient to wait a few months and see this go x100

>>22720405
the claim function already does something. it lifts the floor price. every action does basically.
How is that not attractive?

>>22720405
ok now I see the sell button was renamed to sell and claim*... interesting. Gonna try to find out exactly how it works

>>22720752
Yes I know, but at the time of investing in their GME, the promise was that I'd be able to claim whatever I sold to the contract in interest. And so far only the bots are claiming small amounts at a time.

"This is where the magic happens!
Double your earnings by claiming the accumulated interest.

You are eligible to claim the same TRIB dollar amount you sell to the contract.
A dollar worth of TRIB will get you approximately two dollars back."

They promised that, I expect them to deliver

>>22720841
Its not a lie, its just long term. The bots are helping us by trading short term gains for everyones compound interest

>>22721319
and you think the bots will be turned off and let you claim in a few months/years? No.... they will always be there stealing your APY

>>22721319
you could just put your mUSD into mstable and accrue the same rate as trib pool.

>>22720841
i've seen 40-50$ several times but im not gonna sell this gem anytime soon

>>22721597
and what are the rates?

>>22722152
I'm not selling either, I just want to make it clear that I also like the project and I'm bullish.
But the fact is that 2 big factors drew me to the GME, the tokenomics, unbreakable floor and all that, but also... when someone promises you a 2x by selling, how can one not buy?

And my whole point is that it seems that 2x is not really there for the time being (if ever).

>>22720841
what the bots do is fairly simple:
>monitor current pool
>once the pool is profitable, execute claim on smartcontract with highest fee
>once interest is claimed, execute invest on smartcontract to mint and buy even bigger amount of TRIB
>that invest throws some interest into the pool as well
>repeat
as i calculated it's kinda profitable to pull off when gas price is sub 90 gwei

>>22722371
biz will buy this at $50

>>22719660
Shit will throw few eth in after whole day of reading this is literally 2021 hex lol

>>22722549
let's re-check the math...
>https://etherscan.io/tx/0xcf8c6202499367349367357c92e22e6a04c1947fe59442e108f0f1f98a3f6449
>claimed $103 interest and sold tokens to smart contract at $5.01 per TRIB
then he can
>buy from smart contract for $2.63 per TRIB
>or if possible (whitepaper says you can claim interest only for tokens you bought from smart contract, though i haven't seen it in the code) market buy for $2.1 per TRIB
>if bought through smart contract there is $27 getting into pool already
so you get ~200 mUSD from claiming tokens, then you can buy like 40 TRIB again for ~100 mUSD from smart contract
>wait for $100 USD pool and repeat
with 350 gwei gas price you have to pay ~$60 in gas fees for these two transaction so it's like +$30 each time there is $100 interest pool. Pretty much doable for a bot.
What's the catch here?

>>22719660
literally Hex on steroids