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/biz/ - Business & Finance

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23927420 No.23927420 [Reply] [Original]

$SOCKS and $UNI Pumping Together Edition

>Marketcap - $1.1m
>Uniswap Marketcap - $797M
>Marketcap difference - 724x

https://www.youtube.com/watch?v=be_sqAYqxe8

>Why choose $SOCKS?

Unisocks is the first (and only) collectible by the biggest DeFi project in crypto, with only a 1 million USD marketcap, sitting on page 9 of coingecko

It is a bet on Ethereum, DeFi, and NFTs

While Uniswap (UNI) is inflationary for the next few years (only around 20% of the total supply is available now), Unisocks are deflationary, and around 40% of the total supply is already burned

>Where to buy?

socks.uniswap.org (you can buy a fraction of a sock on normal uniswap)

>Most recent burn

https://etherscan.io/tx/0x6d1e366215cbbaf8dfc3107e987c70d8df64afbb92b5dd956f823f0683f5731f

>Remaining supply

315 $SOCKS

>$SOCKS Marketcap when each $SOCKS is at 100k

$31.5m

>Why should I buy this?

https://en.wikipedia.org/wiki/Veblen_good - read about veblen goods

You can also clearly see that Hayden Adams loves to meme about it, he shares articles about it, gets hyped when it goes up in price, etc

It's the ultimate marketing tool for Uniswap, imagine a pair of socks going for hundreds of thousands of dollars, industries were built on less

It also has an insanely good distribution, you can check the top holders, very few own more than a single pair

If someone, then us on biz know that the power of memes can't be underestimated, especially if a giant like Uniswap backs it

$SOCKS holders were also rewarded with 1000 UNI tokens in September, and its a strong possibility that on the release of v3, if there is an another airdrop, then unisocks holders could get rewarded again

For that reason dont store more than 1 $SOCKS / ethereum wallet, as the last airdrop was capped at 1000 / wallet too

Hope you took the time to read this, I'll be doing these threads daily

Good luck anon, I love you

>> No.23927425
File: 2.73 MB, 1500x1323, chilling.png [View same] [iqdb] [saucenao] [google]
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>> No.23927441
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>> No.23927443
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23927443

yeah or you could just buy into these snacks (say it shnacks like ty dolla sign in Otw)

>> No.23927480
File: 865 KB, 904x1200, haydenwillpumpthis.png [View same] [iqdb] [saucenao] [google]
23927480

>>23927443
rallys fully diluted valuation is 771 million
relevant fully diluted valuation is 23 million

Unisacks started with 500 socks, and we are down to 315, its not just the fact that its fully diluted, its the fact the we already burned 40% of the supply

T R U E S C A R C I T Y
R
U
E

S
C
A
R
C
I
T
Y

>> No.23927497
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>> No.23927521
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>> No.23927730

>>23927420
is this a good investment? to swap my airdrop for socks

>> No.23927758

>>23927730

both uni and unisocks are great desu desu, we don't fight within the family

uniswap has inflation
unisocks has deflation

one is a governance token, one is a collectible

I personally own unisocks because its 724x away from uniswap marketcap, but you are good with both

>> No.23928938
File: 2.23 MB, 1935x2491, haydenchilling.jpg [View same] [iqdb] [saucenao] [google]
23928938

>tfw