/biz/ - Business & Finance

How much should I stack before staking?

>>28988826
200k

$5 coin july imo. Coinbase picking us up next round

>>28988977
I only have 17k bruh...

>>28989047
So buy more

>>28989159
Your Daily Reward Amp =
(Your Amp stake/Total Amp staked across the whole network)*(2,500,000)
Found this...
(17,000/19,393,754,871)*(2,500,000)
= 2 AMP a day or 800 a year

(17,000/19,393,754,871)*(2,500,000) = 2 AMP a day or 800 a year

(100,000 /19,393,754,871)*(2,500,000)
= 13 amp a day or 4,750 a year
hmm... I think I will try to get at least 100k before I start staking

bruh stfu amp is a pajeet scam lmao

>>28990729
Huh

How its integrated into gemini wallets??

Check out this massive fucking whale. He bought around 9 million Amps and has been selling and buying over these past few weeks.
>https://etherscan.io/tokentxns?a=0x0c7ee7462c26e2ae6939eb2ac84c23d233c40117&p=1

Oh shit were having generals now? I need to get paid fuuuuck just a few more days

>>28989216
>>>my wifes boyfriend ...


Anon i

Uhhh

>>28991749
fuck whales

>>28991966
this is the first general i've seen. I prefer no general

>>28992066

My bags packed. Im ready. Ive seen you niggers call this a pajeet scam, call me a faggot, post gore...ive seen an active attempt to dissuade people from buying this on /biz

>>28992204
I agree that there is an active attempt to dissuade people from buying on here.
I just think generals are not comfy

>>28992271

That pepe looks comfy

>>28992387
Yes!

Post your stacks

>>>130k

>>28992819
4k :( will make it 12k in a few days

>>28992819
>t. 100k

30K holder here. What’s a suicide stack?

>>28993174
50k suicide
250k make it

>>28992819
>23,973.58
I am going to buy more with my wagebucks soon.. hope it dips a little though
>>28993017
stake it ampbro

100,000 gets you 7 amps a day.

It gets put in your wallet daily and should compund

>>28992819
Just got to 1mil.

It feels good being early, gents.

Why is this moving after being stagnant for 5 months? Is this just how bullish the market is?

I was also thinking...as word gets out and the flexa network gets utilized more than 1.2 billion dollars in a 48 hour peroid

These tokens are going mega inflate to cover the transactions.

This token by design is inflationary. The price will go up as more use the flexa network.

This could be yuge

>>28993552
It picked up an organic community of faggot plebbitors and a small twitter community.
>>28993307
What are the chances that you lose some of your bag staking? What are the logistics of that happening if ever?

>>28993616
That's be ideal, but keep in mind the sheer amount of Amp not only in circulation but in total. Hopefully we see it reach a dollar within the year. That would be extremely comfy
>max supply is 100,000,000,000
>https://coinmarketcap.com/currencies/amp/

>>28993552

I have no idea. I looked at it back in December and loled and bought some bullshit coin instead. Fortunately i caught the run up and am already 100% up

Im not sure why all of a sudden its grown but ive noticed plebbit is growing exponentially every damn day. I guess people exhanging crypto dollars for real world shit is kibd of a big deal

>>28993796

The whitepaper says those tokens wont go out till 2045

We are locked in at 34 billion...which is LOWER than XRP which hit $4

Gents...pack yer bags

>>28993682
https://amptoken.org/faq/#what-efforts-have-been-made-to-decentralize-control-of-the-amp-token-contracts-
>More importantly, there have been zero losses since staking started almost a year ago - AMP Discord CM

>>28993906
>The whitepaper says those tokens wont go out till 2045
>We are locked in at 34 billion...which is LOWER than XRP which hit $4
You're right. We're pretty early on this too. We could be seeing some massive gains within these next few months. I'm planning on holding for a long time as well.
>>28993912
>More importantly, there have been zero losses since staking started almost a year ago - AMP Discord CM
Sounds extremely nice. I'm just nervous about losing any of my bag because I'm a bit of a poorfag.

AMP shitcord: gg/BwUSjWBF
not official, just /biz/ people...

>>28994332


Get comfy lad

Flexa T&C https://flexa.network/legal/terms

3. Custody of your cryptocurrency
When you deposit your cryptocurrency into the App, your funds are held and insured with a licensed third party custodian.

>>28994332
I'd be more worried about staking it on Gemini Earn which is more of a loan program because the ToS specifically states
>All lending by you through the Program will be on an unsecured basis. Gemini will not collect or hold collateral from Borrowers, nor maintain any collateral account for your benefit.

Your Daily Reward Amp =
(Your Amp stake/Total Amp staked across the whole network)*(2,500,000)
You have 100k so:
(100,000 /19,393,754,871)*(2,500,000) = 13 amp a day or 4,750 a year

>>28994684

>>28994773

Gemini just steals 2% apy

Wrinkleball twins are such kikes but the fact they ibtegrated this into their wallets for real world use makes me believe this is gonna be a big deal

>>28994773
>>28994610
>>28993912
So all I have to do is connect my metamask to https://app.flexa.network/ and I get roughly 13 amp a day depending on my bag? Do I need eth in my wallet as well?

>>28994901
Yes, it requires gas to transfer it from metamask to https://app.flexa.network/

>>28994901
no eth necessary

>>28995192
>>28995228
Did you guys do it? How much eth was the gas?

>>28995481
$70 for me using metamask, can go up to $100 based on time of day but idk how to time it exactly.

>>28995655


Probably worth it. If this goes to even 25 then every token will return 22 cents

>>28995481
I didn't do it yet as I am waiting to accumulate some more before I stake it. I don't want to pay for more than one transfer.
The gas fee depends on the time of day. It is about $42 right now which is actually pretty decent but it can hit $32 on certains late at night.
>>28995655
>https://etherscan.io/gastracker
>https://ethgasstation.info/
>https://www.gasnow.org/
You can use one of these sites to check the current gwei price. gasnow usually shows cheaper prices for slow speeds

>>28995915
This is a long hold token. 1-3 years IMO. More big companies need to buy some

>>28995915
Feeling comfy

>>28995965
>>28995965
Certain days late at night*

>>28995481
Middle of the night in the US you’ll be quoted in the 30s on ETH and the transaction about $20 actually.

>>28995965
>You can use one of these sites to check the current gwei price. gasnow usually shows cheaper prices for slow speeds
Incredibly helpful info, thanks Ampbro. I might try and accumulate more depending on whether I can scrape together some funds. I don't want to pay for multiple transaction fees like a brainlet
>>28996055
So true.

>>28996366
I'll keep that in mind.

Coinbase adoption probably in junish so we super early.


Fyi Coinbase refers to it as Flexacoin (FXC) in a recent news release

Flexacoin became AMP in november because the name was easier

>>28996685
>Coinbase adoption probably in junish so we super early.
First I’ve heard anything about June, where’d you see that?

>>28992066
No general indeed.

>>28996912

Coinbase generally announces "thry are working on implementation of such and such into the exchange".


The general trend and time frame from that press to actualll release is about 3-4 months

Just going on past precedent

>>28997210
.still acooming?

This prly be the last one for a while. You know /biz is always last and wont pick it up till its a $1.

I wont remake this

>>28997232
Sure but what "recent news release" did you see? Any Coinbase article I've found mentioning flexacoin has been months old. I saw one from August of 2020, and another from September of 2020

>>28997390
uhh there was a press release let me find it

>>28997327
I have 133k right now. Maybe later in the future I'll get more.

>>28997390
https://dailyhodl.com/2020/12/18/14-crypto-assets-could-soon-receive-big-bump-from-coinbase-here-are-the-altcoins-being-considered-now/

and keep in mind it references AMP as FXC (that was AMP's old name)

>>28998460
That's game changing if it happens. The coinbase effect would easily push Amp to a new ATH

>>28999139
Why wouldnt it?

>>28999139
>That's game changing if it happens.
I feel like if they're even taking AMP into consideration it's probably a done deal to add it at some point. When that is, who knows. But I can't think of any technical, legal, or financial reason why AMP wouldn't be considered worthy of inclusion.

>>28994332
>>28993906
I'm AMPed

>>28999452
FXC is Amp fren. Amp was previously referred to as Flexacoin (FXC)
>>28999411
I'm hoping it does happen. I just hope it happens sometime within the next few months.

>>28999452

Its already in custody.

Its WHEN

Bot IF

>>28999691
Holy fuck I didn't even realize. Based I though it was an "IF". I'm feeling really /comfy/ right about now. Just popped open a White Monster boom sip, gonna watch Amp fluctuate on meme charts

>>28999881

Yeah this is a big deal.

Suggest you rearrange your portfolio cut your losses in garbage and get over

>>28999881
Kek, good OC. I'm almost tempted to do what these bots do all day, wait until it gets down to $0.03, buy 1eth worth, then sell when it gets up to $0.033. Yeah I may only net $50, but these faggots running bots on AMP are doing it all day long, fuck it, why not get some guaranteed cash while I wait for the day of the moon.

>>29000210

Bots will notice this and bring it lower.

Doesnt work that way

>>28999981
>cut your losses in garbage and get over
I'm already all in on Amp

>>29000210
because you pay taxes on those trades, better to stake and forget about it for a year

>>28999494
Are you the ampweebbro from the comfy thread a few days ago?
>>28999881
Are you the other ampbro from that thread? I remember that picture

>>29000210
>Kek, good OC
I've made a lot of OC for Amp. Here's some more. Also, I might just risk trying to catch one of these cycles too. I would hate to get priced out, though.

>>29000427
Yes. I'm the Ampbro that calls anons Ampus. The first OC I made was pic rel in >>29000482.

>>29000581
Nice. I stopped making memes because the telegram banned stickers saying pepe memes were a hate symbol and provided bad optics for AMP.
There is going to be a meme contest on the official discord though so that would be fun. I hope they give the winner some free AMP

>>29000354
Based

>>29000725
Not to sound like a faggot, but that's a smart idea. The last thing you would want serious investors seeing is a bunch of frog pictures with Amp edits. That would be fucking hilarious though. Maybe an edit of >>28999881 without pepe would win. Also, it's good to see my Ampbros here. So /comfy/

>>29000725

Kind of gay but super bullish

Finally moving up since we got OY VEYYED by that algo.

Hopefully we will surpass those faggots in the DOGE general.

Useless meme coin

Holy shit, three large buys in a row without Jewish bots swooping in immediately afterwards.

>>29001128
Yeah, it's a slow recover from the past JUSTS of alts we've been seeing these last few days. I don't mind if it dips here and there, since I'm in it for the long haul. As long as I see steady gains over time I won't worry. Check out this massive fucking whale though.
>https://etherscan.io/address/0x0c7ee7462c26e2ae6939eb2ac84c23d233c40117#tokentxns
This fucker has been buying and selling Amp for months. This algo has probably made a few hundred thousand off Amp, easily. Maybe even more

one of my favorite coins, got in back when it was under 0.01

>>29001384

Yeah that was disgusting nonsense. We would be at a dime if not for that nigger

>>29001416
>This fucker has been buying and selling Amp for months. This algo has probably made a few hundred thousand off Amp, easily. Maybe even more
Yeah this one was pissing me off today. Every goddamn time a buy came in this fucking bot immediately placed a 1eth sell.

>>29001496
>got in back when it was under 0.01
Based. I got in at $0.019

>>29001496

Did you make that?

Looks like some kind of wolfenstein coin kek

>>29001551
I aspire to one day have enough funds and the tech capabilities to set up a bot like this. That would be unequivocally, undeniably, and indubitably based and redpilled.

>>29001551

He inactive for 8 hours. Notice the price change since then

>>29001660
I don't even think it necessarily takes a tremendous amount of money, you just have to find the right coin that has consistent buying pressure and low volume, like AMP. You could just buy 1eth, wait until the price gets to where you're left with say $50 after removing 2*gas, sell, repeat. That's what this nigger was doing all fucking day long (though the be fair I'm sure the buys were from a long time ago). It's like pressing a "deposit $50" button multiple times an hour.

>>29001723
>Notice the price change since then
Unironically up 4 tenths of a cent. Nice gains, now if that bot would fuck off forever we could see some really nice gains. I'm going to keep an eye on this wallet and see if I can catch a cycle. I'm not sure how much he manipulates the price though, surely there are multiple whales. I'll have to keep an eye out

>>29001723
Are they actually bots or a really dedicated whale?

>>29001983
>I'm going to keep an eye on this wallet and see if I can catch a cycle.
I might watch it and see if this repeats for another day or two, but I feel like hitting $0.035 pretty much means there's gonna be an automatic dump down to $0.03 and hours of crabbing. Should be easy to time that one.

>>29002024

I dont know of any human who could stay up 6 days straight selling every 9-11 minute intervals

>>29001873
True. I went into his wallet history and saw multiple purchases of 6 million Amps
>inb4 muh 6 gorillian
One day I have to set up some sort of bot like that. I'm studying CS as of right now, which is why I'm a poorfag, so that's not really outside of my skillset. I just need the funds. Hence why I'm all in on this shitcoin. I have no debt, no expenses, but also no income. Once I have some funds I'll see if I can build something like that. Would be extremely fun to set something up like that and give it an eth to play with.

>>29002024
A whale's bot. The one today had like 700eth in its wallet and it was going almost nonstop for days. Like clockwork, a buy would come in and a 1eth sell would follow from that wallet immediately.

>>29002147
That's retarded. Why are bots even allowed

>>29002024
>I dont know of any human who could stay up 6 days straight selling every 9-11 minute intervals
Not even 6 days straight. More like 35 kek. What a fucking cool piece of tech. I'm only seething over this because I'm too poor to do this myself.

>>29002215
>I'm studying CS as of right now
Good on you. I'm an oldfag with a CS degree, over 15 years ago now. I have no doubt I could set up a trading bot (it's just webservices and shit), but the volatility of crypto makes me not want to play around with real money on a bot. I'd have to, well, have 700eth like this faggot in order to not be concerned if a few thousand bucks went up in smoke over some bad trades.

>>29001577
yeah, was working on a knock off vector 3d with sprites first person arena game similar to Serious Sam but with the graphics of Wolfenstein in JavaScript. My aim was to make it built around a mining tool; in early development AMP was my favorite coin so i used that in the assets. But i never really put too much effort into the project when i was playing around with mining tools.

>>29002234
How are you gonna stop em.

>>29002424
I wonder if there is a way to manipulate the bot

>>29002528
Yeah, get a shitload more volume. The only reason this works is because the orders trickle in so slowly that there's a reasonable expectation that the price can stay within such a narrow range so consistently.

>>29002638
So only a whale can counter a whalebot..

>>29002424
>I'm an oldfag with a CS degree
Incredibly based. Yeah I don't know if I have the balls to give a bot 1.3M to trade with. Maybe a few thousand I wouldn't mind but that's some serious cash to give to a script.

>>29002940
Well, just a lot more buyers.

>>29003194
Hmm.. I could see that happening once it gets listed on Coinbase then, considering it has a much higher market share than Gemini

>>29003194

Not sure what market share has coinbase has but it dwarves the others.

Goes without saying coinbase is essential for a trip to the moon

https://youtu.be/MVh8-jDCkC4

>>29003899
Plenty of coins moon without Coinbase. They have like 30 coins total on there. But yeah, I want a listing.

Not looking as good for gains as I thought, looks like more of a long term hold

HUGE market cap... too many coins

>>29003899
Here's a good read on the coinbase effect
>https://medium.com/intotheblock/weekly-onchain-insights-the-coinbase-effect-dc53815f8329

>>29004368
>HUGE market cap... too many coins
Not sure about that. There’s 34B right now, the full 100B won’t be until 2045. Lots of people are staking, and then there’s the fact that if AMP really takes off the price will have to rise quite a bit since the coins are used as collateral for retail transactions.