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

/biz/ - Business & Finance

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26162394 No.26162394 [Reply] [Original]

Previous thread (>>26150447) went unnoticed ;_; semi copypaste incoming.

Website:
https://daiq.io/
Github:
https://github.com/daiquilibrium
Dextools chart: https://www.dextools.io/app/uniswap/pair-explorer/0x26b4b107dce673c00d59d71152136327cf6dfebf
Medium articles:
https://daiquilibrium.medium.com/introducing-daiquilibrium-f9ca3d7b4e31
https://daiquilibrium.medium.com/development-updates-55f8ba9cca88

TL;DR
>if DAIQ > $1 = supply increases and goes to holders wallets
>if DAIQ < $1 = no rewards anymore, but holders can choose to buy coupons by burning their tokens, reducing the supply and betting on DAIQ going back up to $1
You can then redeem said coupons to get back your tokens with a bonus.

As you can see, DAIQ is struggling to hold up above 15 cents. Which is.. something at least. Seeing as it's supposed to be pegged to $1 by design, it shouldn't take you long to realize the potential gains to be made from here. You have a x5 give or take on your hands, waiting for you to get in.
HOWEVER. If it was that easy to see returns of this magnitude in any investment, we wouldn't be here shitposting all day.

RED FLAGS:
>anonymous team
>no real value beyond muh rewards when DAIQ > $1
>the concept only works when there's enough volume to keep the cycle going
>if buy pressure and volume die = DEATH
>DAO/governance/community driven memes
>only incentive to buy below the peg is thinking that others will also see the value in doing so, WHEN IT'S NOT GUARANTEED TO GO BACK UP
>burning your tokens for a coupon is basically betting on the price going back up to $1 with your stack as collateral
>risk that can be deemed unnecessary for vanilla holders who can just wait for their bags to appreciate in value
>sell pressure can be massive on the way up due to burned buyers above $1 and excess DAIQ waiting to be dumped
>ANONYMOUS TEAM

"Good" news and artificial hopium in my next post.

>> No.26162685
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26162685

According to pic related from the telegram, (((((experienced))))) marketers will take this project to the next level in terms of legitimacy and exposure both, following a ((((((fruitful))))) zoom call. We all know that empty words like these should be taken with a grain of salt, but it was just to let you know.

There is still 1m600 USD left in the treasury to be used for a lot of stuff including marketing but not only, so it's not as if DAIQ didn't have any funding or stopped being active. To my (kinda restricted) knowledge, DAIQ is the only uncharted project I've seen with such funds at its disposal.

That's it for now in terms of news. Once again, THINK TWICE BEFORE BUYING and make sure you understand the risks at play here. DAIQ is only sitting at something like $1M500 marketcap, but it would only take a negative market sentiment, a major decrease in volume followed by whales and burned holders exiting to bring this back down to 4 cents, if not lower. Since I got in the 10 cents range, I'm currently in a slight profit and have been telling to buy since, you can check on warosu or whatever archive site there is. But we never know what could happen, DAIQ might never pump and see the peg again.