/biz/ - Business & Finance

>>26352956
afraid of everybody spamming BAO yesterday, and right now only your post talking about bao on /biz/

Wondering if it 10x while my bao is in liquidity how much I'll lose

>>26353068
It was getting spammed yesterday because the price went up 150% in 15 minutes.

>>26352956
more like B....B....BoringDAO.

>>26353068
because americans are the ones who saw this amazing investment and are the ones who capitalized on it, they are sleeping sound with their dumplings right beside them.

>>26353158
35% or so of the 10x

>>26352956
it's a nice project. won't create many millionaires though. think of it more as a hippie movement/community

>>26352956
All you need to make it is to farm bao and surf. ubi comes to surf feb14. Don’t say you weren’t warned.

>>26354076
sure, I got in at around 0.000025 with my first farm, staking 40 million BAO. And I have 4 other coins staked in farming. So I'm pretty damn comfy. But it doesn't matter. I'm in it for the tech and community.
The 15 million Bao's I farm each day is just a tiny perk.

>>26352956
how many bao is a make it stack?

>>26354240
1bn

>>26352956
i have over a mil of them

>>26353794
Not as bad as I thought

Got tricked into this shitcoin
Moon when ?

If I own 1 million BAO - what kind of passive income would that bring me monthly?

Logo is so cute. :3

What is this pattern called?

>>26356137
bart simpson
we'll return back down naturally because the more coins that are staked the less value it will become

>>26355034
about 300 dollars

Why isn't the bao Community shilling more? I should have joined rubic for more fun?

>>26356137
Hotdog

>>26356527
we have respect for our cute dumpling coin, and we know for a fact it will succeed, unlike rbc shillers that need to make ten threads per hour to keep hype up.

>>26352956
its already worth less then when I bought
feels shit man but Im not selling

>>26356709
RBC is making me money wtf is BAO doing

>>26356755
>feels shit man but Im not selling
same

>>26356779
RBC is truly the patrician coin

>>26356801
based coinnoisseur
what else you hold? for me its just GRT, RBC, NU, BAO

>>26356845
>>26356755
stop ousting yourself as a newfag. better yet, stop posting

>>26356952
nice ID

>>26352956
Brainlet here. I know they have a plan to get rid of all this bao and reduce the supply, but I fail to understand how will they do exactly. Can someone redpill me?

>>26357832

bao burned when synthetic assets are created, community voting on burning later too + very slow rate of tokens being distributed

>>26358292
I think I get it now.

>>26353068
It's only 8 am, anon. Do you expect chinks to advertise this project?

get ready for another pump tonight.
23:00 UTC
don't tell anyone you few lucky ones who will see this ;)

>>26356445
How does one learn more?

>>26358376
read all the info on the bao.finance website, then join discord and ask questions and read FAQ if you need.

>>26358342
So say you want to create a synth that tracks the rate of black crime in the US. They need to burn BAO to create that.

>>26358453
Can I have a discord link, please

BAOOOOOBA!

>me harvesting BAO

>>26352956
Shill in 12 months. Farm in the mean time and shut up about it

>>26358479
BW3P62vJXT

>>26358536
BAOBA

scam piece of shit

What is the function of this bao anyway? Even if scarcity is tackled, why would this meme hold any value?

>>26359195
https://docs.bao.finance/

Doesn't take long to read.

>>26353760
I'm up ;)

Frens, when there's a token burn, do they burn a percentage of every coin in circulation?

1M stacklet here, is it worth for me to stake or just hodl?

Is it better to farm higher apy pair or buy bao and stake bao-eth pair?

>>26358660

>>26359782

Just hodl, it seems like the farming is the scam part. Get out later this year when it shoots up, but nobody else can cash out because they're locked in farming.

>>26360054
Thats what im wondering too

>>26360054
Can you unlock instantly? I think only the reward is locked up

>>26360333

You can, it just costs gas fees; but 95% of your profits will be locked for an entire year before they're released to you slowly over 3. Do you really think this coin will still even be around in 3 years?

>>26360394
So the best strategy would be to buy now, ride the pump and gtfo after 10x?

>>26360054
Hilarious take. Go ahead and hold rather than farm.

>>26360545
Explain yourself why donyou think this one man team is a long term play?

>>26360463

It seems like it, I saw another anon posting in previous threads who seems a lot smarter than I am saying pretty much the same thing.

>>26345765
>>26346294
>>26346818

>>26360609
Thats pretty good fud

>>26360591
Tokenomics are literally build so that buying and holding fucks you over because short term the price has inflationary pressure but long term is deflationary. But go ahead without reading any of the documentation - I've already made $300 from literally just 4 days of farming from just the 5% return and I haven't spent a single dime buying BAO. Just farming. You'll always outfarm at a rate more than you can buy. Token lockup is designed to mirror early investor sales to prevent market dumps when the project releases.

>>26360724
lowkey makes sense to me, there is no guarantee that this will be worth anything in 3 years. To farm you have to look at the fees and calculate if it would be worth it to stake for a shorter period of time, to at least get back the gas fees.

>>26360944
How much are gas fees for this kind of contract? Like a swap on uni?

>>26361072
dont remember I think i spent like 40 usd to stake (+ a failed transaction of 20 usd that I paid in full kek) to unstake idk

>>26360944
Unanimously people have already made gas fees back within about a week of farming. Token lockup isn't 3 years for the full amount, it unlocks this December and you'll get your locked BAO in daily payments over the span of 3 years. So rather disingenuous way of working it.

This is distribution phase of the token. Buying and selling now is like buying and selling an ICO token. The product will be released by December, when tokens unlock, and if you haven't already farmed a suicide stack by then it will be too late because farming will no longer be an option next year. There's really no downside in farming unless you're a brainlette - you'll make your gas fees back easily and keep the change. Why even bother risking trying to time a market to pump and dump when the tokenomics are literally designed with the intent of fucking you over if that's your plan? Try swing trading BAO, just don't neck yourself as early as July when synthetics are developed and integrated into the Sushiswap ecosystem. People will be trading shares of TSLA on Sushi by burning BAO and you'll be there with your measly stack of 1m you purchased, when if you just farmed that 1m you'd already have 1b from the 5% alone.

>>26361252
feeling pretty baopilled by now

>>26361252
I'm saying it might not be worth farming if the fees outweigh the farming (think stacklets) where the cost of staking and unstaking might be greater than the reward they pull out in a given timeframe, especially considering the dai pair coming up in march. If you hold 200K bao its not gonna be worth it to farm bao tokens with eth till then if the gas fees are 40 usd to stake. That being said I hold 2M and staked 560 LP. I bought in at 11 and ist currently at like 20. I farmed about 630K bao. I'm happy with the situation I'm in.

I'm just saying if you're even a smaller stacklet than me, the 5% of what you farmed might not outweigh the fees for a while and who knows what a coin will be worth in 1- 3 years, this si crypto after all. If u aint got shit then don't stake. If u think its worth it then do so.

Is all

>>26361252
Ah the quintessential liquidity game.

Noice

>>26361791

>$40

try over $100

Have 3M Bao should I stake?

>>26362002
Not all of it.

>>26361918
fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuck

>>26361534
Pretty sure most people against farming are sour graping because they literally don't understand the process. Every thread we get "HOW DO I FARM THIS??" and people get pissed when nobody spoonfeeds them because it's been answered a million times by now. So they're too dumb to get into farming and decide "farming is stupid" and will BOG themselves hard.

People buy this token to farm it. That means they buy large amounts, lock them up, and have them generate income. They're not swing trading it. Eventually when people get enough from their 5% rewards to repay their gas fees, they harvest and sell. That means short term there will be more selling than buying, you can actually see this price action on the charts when you see big buys (from people entering) followed by slow bleeding since more people are farming than swinging. You're literally asking to get dumped on short term if you're not generating more BAO from your stack. It's by design, read the documentation - it's made this way to fuck whales over.

I don't really take the time to shill anymore, just lewdpost some big baos. There's plenty of explanation in the archived threads and the documentation for this project takes like 10 minutes top to read if you're past the 2nd grade. I've taught so many people how to farm and what the prospects for this project is, as well as the mechanics behind why farming is the best play. But if they want to follow anon's advice who has a misunderstanding of the tokenomics, they're more than welcome to. I'm sure some of them will actually make money short term from swing trading if they time it right, and more power to them. But they're not doing a very smart play buying and holding an asset that's literally designed to inflate at this stage because it's essentially airdrop/distribution period.

It's not hard. Learn2farm. Even if you want to swing trade it's more beatifical to farm your BAO from a non-BAO pool cause the 5% you make is free capital to swing with.

Nobody buys this token to farm it, they farm it from better pairs.

The developer literally says "Don't buy bao" in his docs.

>>26358357
thanks just bought 100mil

>>26361791
Yea, I've advised people with small stacks to wait until xDai implimentation before farming. xDai implementation by the way will not be a complete migration of the token or contract - BAO will always live on the main Ethereum network. The move to L2 is literally just for the sake of saving us gas fees, because we can farm and harvest on xDai with virtually zero fees and then essentially take our "wrapped BAOs" to convert to mainnet BAO 1:1 ratio.

And you better bet Sushiswap is going to release BAO pairings on their site with high APYs to support and promote this project. Look at the volume Sushiswap has and tell me that you're not getting in early farming this before Sushiswappers start getting incentivized to buy as well. Truly a shortsighted endeavor to not see how much growth this has even within just another month or two, let alone later down the year when the project actually develops into its intended use of providing synthetic assets to the Sushiswap ecosystem.

>>26360868
How much $ did you need to stake for those returns?

>>26362355
truly hope something happens with these synthetic assets. Here's to hoping we get some good returns out of this

>>26362164
Preching to the HEX choir ;). Same philosophy, locked in to prevent dumping but those that didn't run wild with price fluctuations. Mmhmm.

to farm ex:
$1000 bao + $1000 eth + 50$ gas fees
to unstake
recover bao and eth and 5% APY but you pay more $50 gas fees
am I right?

>>26362558
About $2k worth. I'm not even rich dude, I just had sine spare shitcoins laying around to stake up. Even if that sounds like a lot to you, I already made enough that honestly even if this token tanks to nothing I've earned risk free short term gains. Playing with fire by trying to time the BAO market is just introducing yourself to high risks for no reason. Farming is safe.

If gas fees are too much for you then wait next month when L2 integration happens. But with a month's worth of farming you'll definitely recuperate your gas fees anyway. Unless you're only staking like $25 worth.

Too bad its impossible to buy tokens atm. 50 dollars per swap? no thanks

>>26360868
Ngl been on a few dev discords but Baoman seems really sharp. I really hope he finds an extra solidity dev so he can be freed up.

>>26363695
You don't need to buy tokens to farm.

Someone post a picture of that hot blonde girl in her underwear

>>26363695
Yea, spent $40 on uniswap couple of days ago. It's that a uniswap issue instead of a ETH issue?

>>26363120
Staking more/unstaking automatically harvest your BAO. So you don't have to waste extra gas on manually harvesting unless you really just want that 5% without touching your stake.

Keep in mind that you can pay lower than suggested fees for these kinds of transactions. You'll want to use suggested fees for things like trading because the transaction can fall through if you take too long. But with staking you can use a small amount of gas, and it may take a few hours for the transaction to go through, but your pending stake won't time out unless you decided to lower your fees down to a dumb amount like $0.10 or something.

Use https://ethgasstation.info/calculatorTxV.php to calculate cheaper fees.

>>26363695
I'm not rich but maybe I overestimate my wealth when I consider $50-$100 to not be a deterrent. I mean, it sucks having that fee and I'm 100% moving over to xDai pools when they're implemented, but I've been in crypto long enough that I have that mount of change laying around. It pays for itself, but I can understand the hesitation when fees are so high. The way I look at it, even if this fails I'd only lose out on fees and be maybe $100 poorer at most. I can make that back easily. but luckily for me, I've already made it back in less than a week so I can just keep riding this train and any suspicion I had on the project has disappeared.

If you don't want to buy BAO, see if any pools exist that use pairings already in your wallet.

are any of the tokens i can use to farm with a higher apy than bao not total shitcoins?

I waited till the gas was down and around 11 pm east coast I only spent $12 on gas.

>>26363818
I think it is eth because when it was dipping hard last night the gas skyrocketed

>>26360609
he said nothing important with a lot of filler
also the dev is german

>>26363825
I'm 12mil deep, I'm comfy.

>>26363825
As I see it a system that requires 50 dollars to transmit a couple of bytes of data is infinitely too inefficient to survive

>This is the community you're investing in

y i k e s

Join the comfy club

>>26363818
Both. Kinda. Uniswap does take fees, but it's scaled based off ETH congestion. By the way, just so you know, the fees that Uniswap takes go directly to those who are providing liquidity. Guess what you're doing when you're staking BAO? In other words, if you think Uni fees are high then be happy YOU'RE getting a payday for every transaction people make for your liquidity pool on Uni. On top of that, you're harvesting BAO. So you're earning money on top of earning money. But learn about Impermeant Loss (essentially if one asset tanks/moons while you're providing liquidity, leading to a ratio far different than the one you originally paired). It's mathematically a non-issue for most of us, but nonetheless something to consider and the reason why it wouldn't be worth it to buy an absolute shitcoin like CHART just for the sake of capitalizing on its high APY. Picking a stable pair is safe, and you should be earning money from Uniswap and Bao at the same time if you're doing this right.

>>26364108
I don't disagree with you on this. I just understand that this is ground level technology and there's a reason why "Layer 2" solutions are coming out. ETH is expensive but only really needs to be a backend that most people shouldn't have to interact with. We're just so early to the technology that we're seeing the point where it's not fully streamlined yet.

This is exactly why BAO is moving its farming operation to xDai, a layer 2 network that will make transactions literally cost pennies. That alone will remove a huge barrier of entry and make more people flood into the project.

>>26363795
Which one, the girl in this >>26362355 ? She's Hoshii Miki.

Is the BAO-chan artist here? Can you draw her doing this >>26363170 next?