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/biz/ - Business & Finance

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File: 1.18 MB, 1500x1756, unisocks.png [View same] [iqdb] [saucenao] [google]
23945539 No.23945539 [Reply] [Original]

40 Socks Left Edition

>Unisocks marketcap - $1.1m
>Uniswap marketcap - $901m
>Marketcap difference - 819x

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

>> No.23945547
File: 2.73 MB, 1500x1323, chilling.png [View same] [iqdb] [saucenao] [google]
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>> No.23945560
File: 865 KB, 904x1200, hayden.png [View same] [iqdb] [saucenao] [google]
23945560

There are only ~ 40 socks left to buy, which means that soon purchasing a whole pair of socks becomes impossible - please note that holders can always sell their socks back into the pool, but if you look at the first picture, you can see that the it is heavily trending downwards, meaning that the available socks are always decreasing - this can be due to people stocking up to be part of uniswap's history, burning them to receive real life socks, losing access to their wallet, etc.

>> No.23945581

>>23945560
hey, if you redeem the socks do you lose your socks token?

>> No.23945584
File: 2.90 MB, 2000x1988, packed.png [View same] [iqdb] [saucenao] [google]
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>> No.23945596
File: 1.78 MB, 1536x2048, rainbowdotme.png [View same] [iqdb] [saucenao] [google]
23945596

>>23945581

Hey, yes, but you get an NFT version (the picture is in the previous reply

The NFT version worths less, so only do that if you actually need the physical version

>> No.23945631

>>23945581

Also there are things going around, like it being a MKR collateral

https://twitter.com/brianmcmichael/status/1327109753991000067

as well as a possible stablecoin based on socks in the future

https://twitter.com/trentmc0/status/1327876749653405696

>> No.23946285
File: 67 KB, 628x852, unicorn.jpg [View same] [iqdb] [saucenao] [google]
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>> No.23946333

>>23946285
How much to raw her?

>> No.23946404

>>23946333
she is protected by her unisock, you need to charm her

>> No.23946576

I was looking for this thread and here it is.

Many thanks, for raising awareness for this smelly bad boi. Biz is missing a unique chance of making it.

>> No.23946577

Why is the ching chong not wearing her socks on her feet..

>> No.23946681
File: 303 KB, 596x796, .1 socks.png [View same] [iqdb] [saucenao] [google]
23946681

>>23946577

wow anon rude, be nice

its a misprint socks

>> No.23946719

Unironically this shit will hit 20,000 before EOY

>> No.23946736

>>23946719

which will put it at a 6m marketcap

>> No.23946819

Cant wait to get my pair I'll be flexing and showing so Cali love...

>> No.23946841

Can I buy physical socks?

>> No.23946872

>>23946841

yes you can, if you buy the socks you can redeem it on socks.uniswap.org

you will get an NFT that proves that you have a real authentic pair of socks, plus you will get the unisocks shipped to your address (free global shipping)

or you can wait for it to hit 10k, hayden will start selling misprint socks for .1 socks each

>> No.23946933

>>23946872
Then how do I get $SOCKS again, trade ny physical socks?

>> No.23946941

>>23946872
Really?

Misprint socks at 0.1? Maybe that’s a thing... they will have a token like $socks or it’s just a physical sock?

>> No.23947009

>>23946933
You cant get $SOCKS again once you burn it, that's why its so expensive, it's constantly decreasing in supply, about 40% of the supply is burned already, only 315 left

>>23946941
probably no token, you can just get a physical pair, but Hayden only tweeted about it once when it hits 10k, so don't be too sure about that

>> No.23947107

>>23946404
Lmao