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

/biz/ - Business & Finance

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23209474 No.23209474 [Reply] [Original]

Staking is almost live, marketing coming this week (YouTubers and possibly a Forbers article). On top of that the devs are going to burn 70% of their funds AGAIN.

Those 20%/30% rebases didn't last long, personally I am satisfied with 8%/10% though. It feels more sustainable and less scary haha.

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

Thanks to the anon for the pros and cons: >>23005064

Here is why you should buy xETH :
>Elastic supply token like AMPL but WITHOUT THE NEGATIVE REBASES
>Rebases occur when xETH's price > 0.01 ETH
>Rebases are compounding, so it's like a savings account but with higher daily returns
>Serves as a hedge if ETH dumps
>Deflationary tax decreasing the supply meant to PARTIALLY discourage sellers
>Price fluctuating between $7 - $12 in the past week, meaning this range is safe to buy and wait for the daily interest given that after a few days of patience you'll break even at worst or see profit at best
>Team and community both are engaged and united in order to make this work. Dev wallet burned has of its inflated funds and will do it again in the future if needs be
>Get comfy in these threads (does not require buying)

Here's why you SHOULDN'T, or at least THINK TWICE :
>xETH is essentially worthless, if people don't try to make it last it won't be sustainable
>ANONYMOUS TEAM
>CODE HASN'T BEEN AUDITED BY A LEGIT PARTY
>low liquidity, wild price fluctuations (fixed soon™)
>NO VOLUME = DEATH
>SINGIFICANT DECREASE IN NEW BUY PRESSURE = DEATH

>> No.23209506
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23209506

Hnngggg the xETH shill threads are back

>> No.23209539
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23209539

>>23209506
Hmmhm.

>> No.23209565

>>23209474
>>Here's why you SHOULDN'T, or at least THINK TWICE :
>>xETH is essentially worthless, if people don't try to make it last it won't be sustainable
>>ANONYMOUS TEAM
>>CODE HASN'T BEEN AUDITED BY A LEGIT PARTY
>>low liquidity, wild price fluctuations (fixed soon™)
>>NO VOLUME = DEATH
>>SINGIFICANT DECREASE IN NEW BUY PRESSURE = DEATH

A general thread telling you not to buy a coin they're shilling for, kek this is a first for /biz/

>> No.23209603
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23209603

>>23209565
It's fair and balanced discussion, your choice to buy or not. No pressure anon.

>> No.23209610
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23209610

>>23209565
>A general thread telling you not to buy a coin they're shilling for

Yea the anon who first posted it like this is kinda fucking based. I just copied his shit since he's probably still banned for posting fap material. I personally like the way he shills xETH that's why I try to continue to do it that way!

>> No.23209611

>>23209474
are you the original poster or is he still banned?

>> No.23209663

>>23209603
ok but those are men

>> No.23209962
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23209962

>>23209611
>are you the original poster or is he still banned?

I am not the original poster but I've been here from the start, I made some posts myself in a different format but I prefer these kinda posts now :) Hope he joins the thread later on!

>> No.23209985
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23209985

xETH is at a discount as we speak, 6.79$ is an awesome price to jump in.

>> No.23210326
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23210326

>Price fluctuating between $7 - $12 in the past week, meaning this range is safe to buy and wait for the daily interest given that after a few days of patience you'll break even at worst or see profit at best.

I still think it's so worth to buy in now with staking and marketing coming up. As anon described you will probably break even at worst lol.

>> No.23210591
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23210591

>Hope he joins the thread later on!

ANYONE OUT THERE?

>> No.23210629
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>> No.23210632
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23210632

>low liquidity, wild price fluctuations (fixed soon™)

Staking is almost here so that shouldn't be an issue anymore in the near future.

>> No.23210647
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23210647

>On top of that the devs are going to burn 70% of their funds AGAIN.

ETA on this is Friday, noice.

>> No.23211584
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>> No.23211639
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23211639

>>23210632

I don't understand how staking helps the liquidity issue? staking is just one coin, liquidity requires 2 deposits, for example, xeth & eth. what'd i miss, anon!?

>> No.23211706
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23211706

>>23211639
>I don't understand how staking helps the liquidity issue?

Well I guess you misread something:

We have devised a plan for liquidity staking rewards which will be as follows:
>you will provide liquidity on uniswap for xEth/Eth pair
>you will receive 5% per day if you provide over 2000xeth/ETH liquidity
>you will receive 3.5% per day if you provide less than 2000xeth
>these tokens will not receive a rebase, however this is guaranteed

>> No.23211933
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23211933

>>23211706

thx anon. i nver reeed too gud.