/biz/ - Business & Finance

Don't forget the devs just held burn event... 70% of dev tokens burnt... Where are biz fudsters now?

>>22981344
They crying at 9$ sign LOL.

>>22981282
>missed the pump to $11.4 according to to the bot on TG
Hello xETH holders.
I'm glad that I woke up to see the price sitting at $9, along with the rebase increasing my stack by 16% or so. I would have been up x4 if I was able to sell, but even without selling the compounding rebases makes holding worth. In a matter of days, even if the price goes back down to $5, I'll be at least x2 on my initial investment since 12 days ago now.
However, while the price is nicely pumping, it has now become more important than ever for liquidity and incentives to provide it to both manifest as I feel the wild price swings WILL turn this into a PnD and it might impede on the long term approach the team and community are wishing for.

>>22981717
>it has now become more important than ever for liquidity and incentives to provide it to both manifest
to both manifest themselves*
Also bump. Might as well shill the token in an active thread, for once :

Website : https://www.xeth.finance
Daily rebases dashboard : https://xeth-rebase-dashboard.herokuapp.com
CG chart : https://www.coingecko.com/en/coins/xplosive-ethereum

>>22981717

good morning based titty poster. Last night's rebase was juicy. Now the token burn event... Everything seems too perfect

Also, have you checked COM TG for news about staking? Even more juicy

>>22981800
THIS.

>>22981800
>Also, have you checked COM TG for news about staking?
I just saw, this may be very interesting indeed. I admittedly don't know that much about COM, other than it helped with launching xETH and auditing the contract. Still, I don't really know them so I can't ascertain if it's a legitimate entity or not. In my mind and hopefully yours, xETH's code remains unaudited.

At any rate, I'm glad with how green the future seems to be for this token. I really hope that /biz/ won't miss out on this one.

I'll bump this thread only posting relevant stuff this time, unless degenerates want me to keep posting girls in skimpy outfits. I'll post this pic and to prove that the burn event actually happened, now that you can check on etherscan that they went through with it. I'm glad it didn't have any real impact to the price.

>>22981917
>xETH's code remains unaudited.
Kinda scary ain't it? How the fuck is this working so damn good since launch, it's unreal.

>>22982140
Statera made a lot of people happy (and unhappy due to the 2 week crab) in June before the balancer exploit happened. I'm not trying to be negative here, but anything could happen.

>>22982090
>"Notice to all xeth holders :
>Due to a fault in the smart contract tied to the gulp function in charge of the daily rebases, one wallet ended up receiving the cumulated sum of ALL REBASES made to be distributed to each holder in proportion with their current holdings. At this time, we're unfortunately unable to determine who this person is or if he's even aware of the situation. We ask of you to be patient until this mess gets resolved, but we won't blame you if you decide to withdraw your funds as a precautionary measure for the time being. We apologize for the disturbance. "
>REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

I was right to get worried about the code not being audited. It's unironically over for us and I am now financially ruined beyond recovering. How am I supposed to feel?

>>22982345

just dump your heavy bag on me, no need to worry

>>22982386
I believe I'll do that. Since xETH is dead after all. Sorry for leading you to a scam, anons. I will now eternally repent in shame and unironically kill myself

The absolute state of fudders. Now I'm convinced more than ever to keep holding, as I hope you are too.

>>22981282
sir may i suggest you get in before blast off with LOKI? could be good don't regret it later

>>22982451
>sir may i suggest..
NO.

>>22982451
I used to think I was persistent with my shilling but then I have to remind myself that the LOKI shill exists.
I appreciate your determination, sadly after looking at the project I didn't think it would be a good idea to buy. Good luck still anon

>>22982500
I am starting to like you.

>>22982610
Y-you too

Ahem.. back to business - fudders made me buy even more $xETH - officially balls deep now.

>>22982803
I hope it'll turn out great, this is high risk but I believe it'll grant you nice rewards.
Whoever posted pic related in the archived thread has my thanks, so if this post shows up again in the future there is factual proof of it being false FUD.
Actually now that you look at it, it's more likely to be an advertising attempt than actual FUD. It's more like free publicity, voluntary or not.

>>22982857
>Actually now that you look at it, it's more likely to be an advertising attempt than actual FUD. It's more like free publicity, voluntary or not.

You blew your cover anon.

>>22983004
I'm not gay enough to be this dishonest.
I believe I even replied to one of his threads yesterday, replying with "Thanks for the free publicity" or something similar.

Yeah I actually looked back and I posted in his thread : >>22968681

in fact it's what gave me the idea to put "RUGPULLED edition" in my previous thread.

>>22983046
>I'm not gay enough to be this dishonest.
lmfao.

Is this fucking cult?

the list of holders makes me nervous. too many tokens in the top 2 wallets

>>22983294
sir trust me I have your best financial interests in mind good moni sir!!!
>>22983737
Well not really seeing as these threads usually die fast or go unnoticed if I don't bump them. Lately it's gotten a little more lively due to the token knowing higher lows and higher highs every day, which is nice. But not really sustainable with the massive 16% rebases so I hope that more liquidity is available soon or unironically a retrace back to $7 to ease the FOMO.
>>22983769
I agree. Even after the burn I think they hold too much. But at least they showed it to be possible, and doable again in the future if need be. From a schizo perspective, it could also be a strategic move to create more confidence in the short term to massively dump at a later point. The first wallet remains unlocked, and a dump can still occur at any time. The team is still anonymous. We don't have a Github and the code is not audited. The token relies on buy pressure to maintain greed in order to convince people not to immediately sell their rebases, as the deflationary mechanics in place aren't really that convincing to prevent sellers except for little stacks.

Actually the risks outweigh the potential profit now.

>>22983972
>The team is still anonymous.

The partnerships though? Shows some kind of legitimacy I guess.. or not..

>Actually the risks outweigh the potential profit now.

Lmao I just sold like 10% because of this sentence only, fuck me. But I guess that's the way anyhow - sell profits everyday until something fucked happens.

>>22984172
Well you basically sold your rebase, if we take into account the 5% slippage. Any profit taken is better than what I'm currently doing, cumming on my increasing stack and its potential value while leaving it to fluctuate.
Selling "too early" as long as it's a profit is a failed concept in my opinion, no matter the opportunity cost. Call me a pussy but I'd rather call it "securing profits"

>>22984506
>Well you basically sold your rebase, if we take into account the 5% slippage.

Kinda, or I took profits from the past ones. Guess both takes are right?

Guys beware, apparently there's fake xeth out there called beth

>>22984915
Oh we know anon, we know.

>>22984915
I didn't know but thanks for the notice. Also, bump from the depths of page 10. A thread died for this

i was waiting for this thread and now i will also contribute

i still don't have any xETH but god bless this thread

>>22987285
Excellent.

Heard that couple influencer videos on the line.

>>22987314
Thanks for contributing.

i am considering selling part of my LINK to buy xETH

>>22987384
based.

bump

>>22987384
I won't try to convince and tell you, since you've seen the previous threads already. You should know what the token is about, both the pros and cons. Right now, I think that the cons slightly override the pros seeing as the price keeps pumping along with the volume, indicating that a retrace might come soon. People are starting to get unreasonably bullish on TG, saying that $15 in a few hours might be possible. But I'm not a good market analyst.
Besides, LINK is here to stay and despite nolinkers and fudders having a field day with how the price behaved lately, I believe holding to better than attempting to swing it.

However. The current rebase percentage is around 16% today, so if you bought now, even if the price falls down to let's say $8 after people taking profits, you wouldn't lose much. Tomorrow's rebase would be around 9% at its lowest seeing as there is more and more hype for the token, despite the coming retrace. The choice is yours, anon.

>>22987576
thank you anon I will probably get in some time in the future but I won't be getting in now since I'll have to sell at a loss if I'm doing that

>>22987651
Fucking nice pic anon. I hope jannies won't behave like niggers for the barely visible nipple and yeah, I wouldn't advise selling low.
I hope that LINK recovers soon, it actually deserves to pump as it does solve a problem compared to xETH. I suppose too many people feel priced out by its mcap now despite the dip, just like with BTC.

Explosive ethereum, sounds like explosive diarrhea, team holds more than half that shit, is it this simple to make money in 2020? Write a shitty whitepaper that no one reads, get some burning/staking/ampleforth shit in there, write a smartcontract > millionaire? Need to find myself a solidity dev to start dumping some shitcoins on you retards

>>22987797
good luck with that rakeesh

>>22987797
>team holds more than half that shit,
See pic related. Actually, compare pic related with the pic in this post >>22982130
to see that devs delivered with the burn event. But yes, they still hold quite a large part of the supply and with the massive rebases coming, it's likely they'll go back to owning a similar quantity in no time. But as I've said before, nothing can stop them from doing it again if pressured by the community.
>Write a shitty whitepaper that no one reads,
Is there even a whitepaper? There's a FAQ at best, a medium article and no Github. At any rate, I read whatever was available to explain how the token worked and many other people must have too.
>get some burning/staking/ampleforth shit in there, write a smartcontract > millionaire?
I agree with you on that part. The token remains essentially useless, but all it took was a little dishonest marketing to turn this into a hedge against ETH/savings account with great daily returns. Throw in gimmicks terms like "dynamic deflationary system" and you obtain the current situation. I made sure to tell every single time that there was no inherent utility or value in xETH other than what people are ready to give it.

I'm under a massive survivorship bias since I bought on September 21 and my stack grew 1.5 in size, along with the price going x2. Even people who bought after I made the first thread on September 28 or 29 are between 30-50% up, if not more. I don't know in what state the market is due to the Trump covid announcement, but I'm ready to bet they must be quite happy with their investment since.

Now going back to the topic at hand.

is it worth getting in rn

>>22987797
>millionare?
yes.

>>22988008
Thank you Pajeet, maybe you have a fellow indian solidity dev to recommend me for my pump & dump endeavors? Btw guys who are in profit from this shit, I suggest you cash out before you get rug pulled by Pajeet & co

>>22988445
You do not belong here. Obviously, fag.

>>22988468
lel go play with your fake ether coins kiddo, let the grown ups talk please

>>22988313
Here's why I think coming in today rather than tomorrow might be a good opportunity :
>Nice daily compounding interest thanks to rebases, so even if the price falls below your entry point, you'll break even and/or make a profit given a few days of patience
>Volume and holders are increasing every day
>LP-Staking coming soon, that will help reduce the volatility and stabilize the price, so more chances of crabbing and getting consistent rebases without fears of panic selling tanking the token
>Team and community want to make this last, dev burned 70% of their funds in good faith and team reimbursed someone who got his PC hacked
>Gets to enjoy these threads (you can do that without buying)

WHY YOU SHOULD THINK TWICE BEFORE GETTING IN :
>xETH HAS NO REAL USECASE
>low liquidity, wild price swings (for now™)
>currently the sentiment is a little too bullish for my tastes, people in TG are getting excited and I believe it's FOMO kicking in which isn't good for the long term growth of the token
>Team is anonymous despite all they did, so if they exit scam they can't be held accountable
>code has not been audited


I think that's it. Do what you will anon

>>22988445
>>22988524
Divert your cope and seething frustration to more enjoyable endeavors anon.

>>22988524
>lel go play with your fake ether coins kiddo.

inb4 fake ethers make me 12.9 real ones tomorrow, will continue to play fren!

Read Ane Naru Mono. It soothes your heart and dick both.

>>22989123
will do anon, thanks

>>22989211
Just so you know : there's the tame version of Ane Naru Mono focused on nice wholesome slice of life moments with Chiyo along with some plot development and 9-10 doujin chapters.

The artist (Pochi) also happens to be female. If /ss/ is your thing then you'll have a great time.

>>22988619
Congratulations on your xETH holdings anon. Even though I see too many issues with the project to buy very much (I am in it for the tech and the anime girls), I think your threads are more fun and insightful than the vast majority of content posted here and am happy to see you do well.

>>22989785
Thanks, I'm happy with how the investment turned out and try to spread the good word, being sure to help others not FOMO'ing blindly. But let's not forget that I obiviously stand to gain shilling this token even if /biz/'s reach for now is minimal. At least, I like to think that even if people didn't buy I managed to give something to anons sharing my tastes. If xETH lasts/moons then it's perfect. At least I could sleep with a clear conscience that I helped someone getting a little more wealthy.
If it fails or exit scam then I'll genuinely be sad, not only for myself but for other anons as well. Even if it's their money and their choices, I assume I played a huge part to orient their decision process.

>>22990232
That's the best one so far.

>>22981917

COM never audited the contract they audited the project from a fundamental standpoint using their IPS methodology.

COM is actually super legit and one of the best crypto communities to come out of this defi bullrun. Golden people and dont forget they brought you xETH

airdropped xETH that COM holders got was worth thousands of free dollars, and now xETH is about to implement their staking design.

Couldn't be happier with my two bags

>>22990723
>Couldn't be happier with my two bags

Cheers, based.

>>22990558
Glad you like it!
>>22990723
I see, thank you for the clarification. I guess I'll have a look into COM, since I've been pleased with how chill the xETH community is compared to other unsustainable crypto projects.