/biz/ - Business & Finance

https://www.xeth.finance/

I'll make one everyday until you like it.

It's now been 9 days since I grabbed a bag and I've been up 80% thanks to the positive rebases increasing my stack daily, along with the price steadily crabbing upwards despite people selling their excess every day. If you look at the chart, you may notice that xeth is knowing higher lows and higher highs.

Pros :
>NO NEGATIVE REBASES
>rebases occur as long as xEth remains valued above 0.01 ETH in terms of price
>they're compounding, rewarding mid term to long term holders
>Deflationary at every sell transaction, meaning you slowly but surely own a larger portion of the mcap
>Dev team personally reimbursed someone who fucked up according to the TG channel

It's one of the few investments I have made in the past months that has allowed me to sleep soundly, knowing that I wouldn't get dumped on. Moreover, it's been designed to prevent huge price spikes, may they be negative or positive, in order to allow for a natural growth over time. It may reach the same marketcap as AMPL at its peak if it keeps growing at this rate, but not with a bang.

However, while xEth sounds appealing, a few risks remain.
Cons :
>The daily rebases easily override the ~3% selling tax for the top wallets who got in early
>low liquidity means that huge buys or sells make the price more volatile than it should be
>Right now everything is fine but eventually the volume will end up dying as this token is deflationary without any groundbreaking tech or use case other than being a compounding hedge against ETH

The low liquidity issue might be solved when LP-Staking will be available in the coming days, hopefully increasing the buy pressure and reducing volatility both.

I think I addressed everything. For the short-mid term, xEth will probably turn out to be a very profitable investment. But do what you will with this information, I know that as usual this thread will be left dying.