/biz/ - Business & Finance

Surprisingly holding above 20 cents edition.
Previous thread: >>26271134

https://daiq.io/
DAIQ is an algorithmic "stablecoin" with a dynamic supply, pegged to $1. At the time of this post, 1 DAIQ = 25 cents. From there, you understand the potential gains to be made. This can be an easy x4.

The protocol is a fork of ESD/DSD following these basic economic/game theory principles:
>When DAIQ > $1, holders get rewarded with bonus tokens from a supply increase in order to make people push the value back down to the peg by selling their profits
>When DAIQ < $1, people buy thanks to greed for the aforementioned rewards and potential profits since it's below its supposed valuation
>When DAIQ < $1, holders also have the possibility of willingly burning part or all of their DAIQ holdings in order to reduce the supply, increasing both demand and DAIQ's value and as a result - this is done by buying a coupon
>people can then redeem said coupons after a time period, get back their tokens with a bonus so they end up in profit
The main advantage of DAIQ compared to DSD is how you can choose the time limit of said coupons. The higher the expiration date of said coupon until DAIQ reaches the peg = lower premium, and vice-versa. It allows any risk profile to participate in the protocol to push the price where it's supposed to be.

RISKS AND WARNING SIGNS:
>anonymous team
>no real value behind $1
>constant high levels of buy pressure and volume needed for the cycle to work as intended
>experimental token
>you buy because you expect others to think like you and buy before it reaches $1 (WHEN IT'S NOT GUARANTEED)
>might never get out of its debt cycle
>ANON TEAM

Recent developments and hopium coming up next post.