/biz/ - Business & Finance

40 Socks Left Edition

>Unisocks marketcap - $1.1m
>Uniswap marketcap - $853M
>Marketcap difference - 775x

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 1.1 million USD marketcap, sitting on page 9 of CoinGecko

It is a bet on Ethereum, Uniswap, DeFi, and NFTs

While Uniswap (UNI) is inflationary for the next few years (only around 20% of the total supply is available now), Unisocks (SOCKS) 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

As the available socks are decreasing, the price of each massively increases

You can also clearly see that Hayden Adams loves to meme about it, he shares articles mentioning 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, normies love to talk about things that they think is stupid / don't understand

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 it is a strong possibility that if there is an another airdrop in the future, then unisocks holders could get rewarded again

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

Good luck anon, I love you