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

/biz/ - Business & Finance

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26225955 No.26225955 [Reply] [Original]

Always on the catalog. Did you really think I would give up after seeing the thread archived? You thought wrong.
Previous thread: >>26218911

Website: https://daiq.io/
Dextools: https://www.dextools.io/app/uniswap/pair-explorer/0x26b4b107dce673c00d59d71152136327cf6dfebf

DAIQ is an algo elastic supply "stablecoin", working in a similar way to what AMPL, ESD/DSD, ZAI have been trying in the past with a new coupon system and a way for holders/gamblers to actively participate in making the price go back up to its supposed peg of $1. Check this video explaining the concept: https://www.youtube.com/watch?v=0ww5zvvphX0

TL;DW
>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 your tokens back with a bonus once DAIQ is back up to $1 or even higher, depending on the risk you took by creating the coupon.
DAIQ has been crabbing near 15 cents in the past three days, so you can understand that you have more or less a x7 until it reaches $1.

BUT. This is not without risks, including the following but not only:
>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 buzzwords
>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 waiting to cut their losses and excess DAIQ waiting to be dumped
>ANONYMOUS TEAM

>> No.26226066
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26226066

So I go on telegram to check on DAIQ. I see that a Twitter guy put out a lengthy medium article explaining why DAIQ could be a good buy. You can find it here:
https://linkysaint.medium.com/daiquilibrium-e5665e348f15

And unless I'm seeing things, I'm pretty sure he took a smallish portion of the stuff I wrote in previous threads, word for word. Should I be relieved or disappointed? I mean anyone with a brain came to these conclusions anyway but hey.
It's way better explained than my rough, no bullshit approach though. So it might convince others to buy.

>The only incentive to buy below the peg is thinking that others will also see the value in doing so
>Burning your tokens for a coupon means that you bet on the price going back up to $1 with your stack as collateral

Yeah I'm pretty sure I wrote these first

>> No.26226334
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26226334

bump bump bump bump bump

>> No.26226619
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26226619

I WILL NOT let this thread die. Many vishnus to come

>> No.26226723

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA BUMP

also it's at 18 cents

>> No.26226783

Don't know much about this coin until today, but bump for interest

>> No.26226886

>>26225955
I bought a smallish bag at 12 cents seeing your threads but my ISP was banned and I couldn't reply. Glad it's moving up but I'm not expecting much. I bought because of your dedication, your autism and honesty is making me think it won't fail

>> No.26226954

>>26226723
Congrats fren, your dedication may pay off in the long run. Please post more anime cuties, best shill ever.

>> No.26227081

FOMO is yea want but seriously read how this coin is different than it's 90mil MC predecessor. It solves the entire coupon expiration system by implementing a coupon that expires in 1000 epochs and not just a month. I dumped half my portfolio in

>> No.26227231
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26227231

>>26226783
Thanks, anon. Be sure to carefully read the information you have on hand and make a proper decision. The potential is there, but so are the risks. Keep in mind that DAIQ only solves the coupon system by allowing people to choose how long they want to wait until they can redeem it. Otherwise, just like its predecessors, there is NO REAL VALUE that could push this to $1.
>>26226886
Glad to have you on board as well. Keep in mind that I'm only being honest because I see a profit in doing so. If there wasn't money to be made I wouldn't be here
>>26226954
It dipped to 16.8 cents and yes, trust me I will continue to flood /biz/ with 2D women. One can shill but also shitpost.
>>26227081
I hope this risk will payoff. Be careful

>> No.26228206
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26228206

B.U.M.P
Also goddesses are pure