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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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22831947 No.22831947 [Reply] [Original]

>enjoy daily positive rebases if xeth's price is above 0.001 ETH
>negative rebases DO NOT EXIST
>tokens get burned everytime someone sells, making you own a larger part of the mcap everytime

I suppose /biz/ still has PTSD caused by AMPL. It's a shame, when a token that solves all of its issues remains relatively under the radar.

>> No.22831967

>>22831947
>0.001 eth
It's pegged to 0.01
Very based team though. Pretty much a money printer and no one knows about it still. Crazy

>> No.22832035
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22832035

>>22831967
>It's pegged to 0.01
You're right, my apologies.
>Pretty much a money printer
Not really. A money printer requires no active participation, at least that's what I picture in my mind when I see these words. A risk remains if you decide to buy and hold xeth. Nobody buying the token (meaning a volume decrease) while everyone gets to enjoy positive rebases, will eventually manage to create a potential sell pressure strong enough to override the daily benefits and the deflationary percentage of dumps.

Still, I've got a bag for one week and can't say I have been disappointed with the results so far. It's a shame that the liquidity is so low for now, driving a lot of people away. I don't know if I should be bullish about this thinking that I'm ahead of the market's awareness, or if it means the interest for this couldn't last more than a week after launch and that I should accordingly consider an exit point.

>> No.22832071

>>22831967
>and no one knows about it still
I wanted to add (and shamelessly self-bump this thread) that 300 or so holders isn't really "no one", but I digress here.
I'm always bearish on my investments, and I've kept the habit to FUD them even if I'm in profit since I bought last week.

>> No.22832180

>>22832035
>>22832071
I may have a different perspective because I've been in since presale, but I just bought more on a recent dump
I think the longevity is up for debate but I feel like there's potential for high upside in the mid term. They haven't started marketing yet... They're releasing staking and making sure everything is in working order before any twitter shills will even be talking about it. You're really fucking early

>> No.22832331
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22832331

>>22832180
>midterm
In this space, this can mean a lot of things. But I guess I'll believe in your words regarding marketing
>You're really fucking early
I'm somewhat still doubting it. But seeing as this thread doesn't get many replies serves as a little indicator of how it's still not under a spotlight, I'll give you that one.