/biz/ - Business & Finance

thanks just bought 100k

I read something about a basket implementation in Feb. Is this correct and why its not implemented? And whats a fucking basket? Is it like staking?

>>29850085

Just a week ago they had minted 7 billion tokens now that number has grown to 12 billion, in just one week! That brings the total circulating tokens at 16 billion which is almost at the max supply of 20 billion planned for 3 years into the future in 2024, this will be the biggest and funniest crash and burn to watch

>>29850085
Shit joke, he is čefur, doesnt even have slovenian name

>>29850574
More like when they can't mint any more tokens, the price will most likely rise, togheter with it the product will be ready

>>29850744
Nice fake word there

>>29850758
When they reach the max total supply, they stated they will keep minting past that limit because it's just a suggestion, the fact that you have that image saved means you need to seek immediate mental health assistance because you're most likely absolutely braindead

More tokens > more spread

Simple example:
100 dollars divided by 2 is 50 dollars
100 dollars divided by 2000 is .05
100 dollars divided by 2000000 is .00005

The more the supply grows the less what you hold is worth

No one legitimate, seriously no one, mints billions of tokens without announcement and sell them for profit, this is an exit scam and if you have your savings in it you will lose it all

>>29851148
This refers to device for pumping, we dont really have a word for crypto pump

>>29851218
citation for when they stated that the token limit is just a suggestion? I've watched probably every AMA and read everything avaiable but I didn't hear it

>>29851318
https://medium.com/reef-finance/a-letter-to-the-reef-community-2cad81dbee15

Q. Will the total token supply of REEF change in the future?
A. The total token supply is capped to 20 billion until Reef becomes a parachain on Polkadot. Afterwards, it will have a mild inflation model for validator rewards.

It will never become a parachain because of the insane levels of corruption already shown but just showing their intent to keep minting to infinity

>>29851494
>Will the total token supply of REEF change in the future?

''Mild inflation model for validators rewards'' doesn't mean ''they'll mint an infinite amount of billions and billions of tokens you will lose your savings blblaabla''.
I missed it though, decent fud for once.

Assuming anyone has ''savings'' in a single crypto also.

>>29851494
Dumb fud nigger is back. welcome shit bird!

Who is actually still holding the infinitely growing supply coin?

>>29851494
>total token supply is capped to 20 billion until Reef becomes a parachain on Polkadot. Afterwards, it will have a mild inflation model for validator rewards.
OH NO NO NO NO NO NO NO NO NO

What is with this fucking basket? Explain it to me pls

>>29851878
This retard >>29851800
>He thinks he's getting rich
>Holdings infinitely divide
>??????
>Profit

>>29852024
Nothing but profit here got in below .01. Deal with it nigger

unironically $1k
purchase and lost on trading
what a stupid, now he weeps on every /biz/ thread
don’t send him money
I suggested him to take part in fucking fantastic justliquidity and hodl gem juld but looks like he is too dumb to understand it

$10 EOY

>>29852188
What was the max supply when you bought and what it is it now. How many times were billions of new coins minted since you bought?

>>29850377
It was always Q1, March is last month of Q1.

>>29852417
So because new coins entered the market are you trying to infer i am not in profit? Holy fuck you dumb kike.

WE STILL AT 3C. ARE WE GOING TO REACH 4C EVER AGAIN?

>>29852581
Bro, I held this too, but then I sold it at a profit. Why are you marrying a shitcoin?

>>29852644
Im waiting till client is released. Why would I buy this shitcoin knowing it would release in q1 and sell before hand? He has followed the road map so far. I have no reason to doubt Penis

>>29852892
Bless your heart brother.

lmaooo
>want to be a whale
>go for shit 3lvl scam
>fail with everything and suicide in the corner

you may not be a smart ass to realize what platform to invest in
my portfolio with enq and their node nets are bestoption for this year

>>29850085
I dumped my bags after the first pump when denko revealed the 30m a day in tokens. Cannot believe you idiots still think this is t a scam

>market cap reaches 10 billion
>price still 0.03
bravo Denko

I like how his name is Penis. It's very funny.

Token burn and $100 EOY

>>29852892
> He has followed the road map so far
Is it 2024? Wow it's a time machine!

>>29853741
That's actually a really good sign. Reef is way more popular than expected and most of the tokens have been released already. This prevents market manipulation once this thing is actually released and starts pumping.

>>29850744
fuck you slovene nigger. but yeah he's Macedonian reef fags are literally guaranteed to get rugpulled lol
t. son of alexander

>>29853867
This is called fraud and embezzlement
And not following the roadmap at all

>>29853102
Can you try posting without sounding like a complete fucking shill bot?

>>29850085
>Pump Dumpcheski
What's his endgame?

>>29853741
so we're already 80% done and the price has held stable after growing the supply so much? predict what happens when the supply can't grow anymore then ;)

>>29855822
The price is not stable it's intentionally devalued in order to take profit, you might as well be holding tether if you want a stablecoin

The funds planned to reward stakers and liquidity will be completely used up when we reach 100% supply prematurely, so for people to stake and get rewarded, even more tokens will be minted surpassing the max supply limit and further reducing its worth

Without the fraudulent out of schedule minting this token would have been worth 17c but instead everyone's cash went directly into Denko's pocket, without even a project released and people's funds locked for 6 months of further devaluation

This fire will be so large it will be seen from space

>>29853741
>posts pic not in roadmap
>posts pic not in lite paper
>what a dumb queefer
You illiterate gorilla nigger how about you learn to read?

Sold when the faggots had a song competition on twatter, to be judged by a fucking chink of all things

Pathetic all around

>>29856469
How fucking stupid are you?
They are minting 3 years ahead of schedule for profit
This is an exit scam
That picture you keep posting is so pointless it describes every coin out there, initial release then market dictates the price, that is
IF the token's team doesn't embezzle 12 BILLION tokens 3 years ahead of schedule
>Get fucked brainwashed superimbecile

>>29856855
They already explained why.

>>29856855
>not in road map
>didn't read page 19 of lite paper.
Listen nigger you obviously can't read have fun fudding you absolute mongoloid

>>29856939
Litepaper is null
Roadmap is null
Product is null
Announcements are null
Nothing they say or have said matters and is null & void because

THE MOST IMPORTANT PUBLIC STATEMENT THEY HAVEN'T MADE IS THE ONE ABOUT MINTING 12 BILLION TOKENS FOR PROFIT 3 YEARS AHEAD OF SCHEDULE AT THE EXPENSE OF THE TOKEN'S HOLDERS

>Suck more Denko dick

>>29857226
>Didn't watch the AMA last week where he addressed what happened with the supply.
Just answer this question for me is the client launched?
>NO
PAGE 19 of lite paper "The initial token price will be determined based on fund raising and valuation." Not wasting my time arguing with an autist, have a good life, hopefully you learn to read.

>>29857477
>initial token price
That was in DECEMBER

You are beyond stupid

>>29857599
So the client is released? Ohh wait you still can't read.

>>29857679
Dude repeat elementary school, the token is out, initial token price was in December, client release has nothing to do with the token release, the token is already released

If you are not joking you are beyond salvation

why is reef pumping now?

>>29857887
>bogdanoff, it's happening
>Reef is pumping?
>mint 200 billion tokens and dump it

>>29856266
>even more tokens will be minted surpassing the max supply limit
they literally cannot, when they created the coin they specified the parameters in the blockchain contract, and it has also been audited for loopholes or insecurities
https://research.binance.com/en/projects/reef-finance

>>29857816
Anyone with a brain(besides you), read the 3 sentences from page 19 of the lite paper(linked here>>29856469) and realized everything you have said is irrelevant.
get fucked tranny, seethe and dialate. you will never be a women. FUCK OFF UJEEM

>Diamonds hand developed makes them seethe
>Early in the morning i post memes about reef

>>29857997
At least read the thread first >>29851494

>>29858087
Stay poor shillfaggot

>>29858198
Sick argument, stay mad

>>29858128
when they create a new parachain on polkadot, they can specify the parameters. They can't change the max supply on the ones already existing on ethereum and bsc, like the message you linked that said it would never become a parachain on dot

wtf penis
you have to surpress this dump right now

>>29858638
pump*

>>29858404
They can do whatever they please with the parameters, dot recently extended its supply parameter multiplying it by 100

https://polkadot.network/denomination-day-ecosystem-project-guidance/

Why is it going up, sirs?

>>29856855
>14 posts by this ID
>Every single one is weak FUD
Jesus dude, its like you're getting paid to show up in these threads

The next time I see something that looks like an impulsive wave and it dumps again, I'm going to get rid of my entire stack and reallocate into a different shitcoin with similar potential.

>>29859691
At least wait until the launch or you'll be regretting it

>>29859575
No idea why you people resort to conspiracy theories about FUD posting. Humans in all topics of conversation love to argue.

People are shitting on Reef because they believe it is a scam or shitcoin and they think they have the evidence to demonstrate this. Why would you be surprised that people who are convinced of X are eager to tell everyone about X? Go to /his/ and it's 50% atheists and Christians arguing forever about whether God exists. Is one side being paid? Why do the atheists bother arguing if they believe religion is a scam? This is you, stupid.

fud campaign still going strong? Just bought.

>>29859575
>Counting posts
The sad state of your life

Go read them you might learn something
Reality is not fud because you decide it is
He printed 12 billion tokens in secret and sold them for his own profit at the expense of the holders, how do you even dare call this weak fud this is your reality, you might as well be holding tether

>>29859766
Ok post your fill, I want to see how much commitment you have.

>>29860316

>>29860390
>Member of the reef team posting twitter promo on biz

>>29860529
Thanks, but I said the fill, not your folio/stack.

>>29860534
Just because your mad doesn't invalidate its validity. Stay mad nigger

>76 posts in the thread
>16 FUD posts by one anon

>>29860678
I'm not mad, you're either blind or paid
>cheap prostitute
Can you say, accessory to fraud and embezzlement?

I WONT SELL MY BAGS TO YOU UJEEM

>>29860791
Come get me nigger. I hope you have NVGs.

>>29861021
When they do come that's not going to help you
Stay blind and angry nutcase

>>29861699
>anon is shit posting online again send the swat team
You are delusional, your fudding won't stop the reef client from being launched this quarter.

>>29850085
I buyed, never selling

>>29850085
Kys... you add nothing to society

>>29862076
Your desperate hope at riches won't stop the entire supply market sold and inside Denko's pocket in cash while you hold a stablecoin
Remember, stay hopeful and
>BUY REEF!

>>29862772
effective fud
however i am immune to such spells

>>29850744
Makedonci != Čefurji

I'mma head on over to Binance after the first crash. Kid is actually doing a decent job.

>>29850085
FUCK FUCK FUCK FUCK FUCK
FUCKING DENNKOOOOOOOOOOOOOOO
FUCK YOU, GIVE ME MY MONEY BACK
FUCK YOUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU

>>29863249
Chart from just now
Better buy some more!
>lmao
>BUY REEF!

>>29850574
They’re gonna burn tokens

>>29863329

It's just following BTC - dumbass

>>29850085
Where can I buy Reef it's not on coinbase and I can't use Binance since I live in Texas?

>>29864065
Didnt reef partner with melody or some regulated piece of shit like that?

>>29864065

You wait until it's on coinbase and binance.us at 50x the price

>>29864436
this, but its going to be 300x this price by then

>>29863473
Yes they will do everything they promised
>Even though they do the opposite on everything they promised
Logic escapes a lot of you

Yes they will burn tokens and return the 350 million dollars they put in their pocket as profit at the expense of holders and they will adhere to the schedule even though they minted tokens 3 years ahead of schedule and without announcement, and this will not be an exit scam and every reef holder will receive an actual glowing unicorn in the mail and 4 hot bitches to suck his cock

>>29851148
Loool

Slovenian scam

Source: I'm slovenian

Denko is čefur

Holy fuck reef threads are so full of cancer, this must be one of the worst threads on /biz/

Now now boys, this is getting a little heated. Let's all take a deep breath and count to ten. Now I personally haven't done any research into REEF. I haven't read the whitepaper, I genuinely have no idea what it is supposed to do. But let me tell you, I threw $500 at it for one reason and one reason alone. And that reason is... Penis. I might be down 25% on that $500 but I get to have a good laugh every time I think about it. Worth it imo.

>>29866865
HAHAHAHAHAH bruh you've made my day :'D
Made me reconsider, bought a bag just for laughing at Penis

>>29866962
It's a funny word right? And penis always evokes the image of something flaccid and pathetic, not like cock or dick or dong. Makes it funnier. Penis. Kek.

>>29864436
>>29864154
Can I buy it on Uniswap?

>>29867328

Idk, I don't live in the US. I just buy on Binance. It's what you get for living in a 3rd world country