/biz/ - Business & Finance

>>54392859
We need to create an SNS-1 Treasury.
Everyone SNS-1 holder donates 1 ICP.
This fund can then be applied for by aspiring devs and up and coming projects.
A vote will then be held to deem who gets this money.
After a percentage of profits from the project will be returned to the treasury to fund future projects. Once the project has paid their full loan back, the percentage payment is then cut in half and future payments are then split equally amongst SNS-1 holders.

Once SNS-1 has a steady flow of ICP flowing in, we move to phase 2
SNS-1 Master Neuron ( The Frontal Lobe)
A Neuron that can only be staked to by SNS-1 Holders, this will be the combined voting power of the SNS-1 on the NNS.

We must also establish an SNS-1 liquidity pool for another donation of 1 ICP by the holders of SNS-1, new coins and tokens can receive their initial liquidity.
In return the liquidity pool will be given tokens to which can either be kept inside the liquidity pool for future use or be staked to allow SNS-1 Holders another form of remuneration for their holding

>>54392859
personally im waiting for web4
have you heard of the internet of things?
well imagine that, but instead of things it's niggers
the internet of niggers

Once this has all been complete the SNS-1 will be the most powerful DAO in all of Web3.0.
Someone here who knows how, needs to make an SNS-1 proposal for the Treasury

We can also see about backing our SNS-1 tokens 1:1 with other assets in time.
For instance via P-NFT'S( Physical asset backed NFT's) We could back SNS-1 tokens with 1 oz of gold.
The possibilities are endless and with the right vision SNS-1 will have a stranglehold on Web3.0 much like Chainlinks hold on Oracle services

>>54392859
>SNS-1 is the first web3 DAO in history
the NNS is literally a DAO and it wasn't the first.

>>54393644
By first we the mean the only one that works

>>54394064
the NNS doesn't work?

>>54393644
Sns-1 is the first 100% community dao. Nns is mostly centralized with the voting power

>>54394136
The NNS is a centralized decentralized autonomous organization (DAO)?

>>54394096
Reading comprehension. I’m literally referring to the nns you dumb inner city nigger

>>54394249
The decentralized part is an illusion because the Dfinity foundation controls the vote

>>54394530
The NNS controls all canisters. Therefore the SNS-1 is centralized.

>>54393088
Fellow sneeder here I support this idea
Those who don't donate to Treasury don't get to vote on what we do with the funds

>>54392859
Why should I buy this rather than ICP?

>>54395341
It's like leveraged icp. But buy both

>>54393644
NNS is the backbone of the Internet Computer which is the first web3 architecture in history. NNS proposals affect ICP governance.

SNS is the framework for ICP dApp governance. Each dApp on SNS represents a decentralized community which is hosted on ICP. SNS-1 is the first DAO and completely community-run, SNS-2 recently launched and is governing OpenChat (ticker: CHAT)

SNS-1 is the first web3 DAO in the history of mankind.

>>54395341
SNS-1 is closely tied to ICP's mainstream success. If ICP succeeds people will know about its first DAO and will want to join the community. As anon said yes this is leveraged ICP (a bit similar to GLMR on Polkadot).

Also SNS-1 has the best tokenomics ive ever seen in my life.

Well, I've done some math that I'd like to share with you. This math shows that SNS1 is significantly undervalued when compared to its market cap relationship/ratio to ICP, particularly when compared to the Maker (MKR) protocol and its relationship/market cap ratio to Ethereum.

Here's the math for you to feast your eyes on:

ETH Market Cap = $216,311,434,054
MKR Market Cap = $614,192,345
MKR/ETH Ratio = 0.002839

ICP Market Cap = $1,494,341,614
SNS1 Market Cap = $2,008,000
SNS1/ICP Ratio = 0.001343

Current SNS1/ICP Price: 40
Current ICP/USD Price: 5.02

Now, let's talk about the potential for growth here. By calculating the difference in ratios, we can see how undervalued SNS1 is compared to MKR:

0.002839 / 0.001343 = 2.113 (x2.113)

What does this mean for the fair value of SNS1? If SNS1 had the same market cap ratio to ICP as MKR has to Ethereum, the fair value would actually be 84.52 ICP per SNS1:

x2.113 * 40 (Current SNS1/ICP Price) = 84.52 SNS1/ICP

In other words, SNS1 is currently valued at ~40 ICP per SNS1, but the fair value should be 84.52 ICP per SNS1 based on the comparison to the MKR/ETH ratio.

Why is this metric great for measuring potential ROI? Well, it's because it's based on an already existing system (MKR/ETH) and doesn't involve a bunch of theoretical "what ifs" in ICP's price.

In conclusion, based on this math, SNS1 looks massively undervalued compared to MKR. Do with this information what you will, but I know where I'm putting my money.

I hold 10 SNEEDS boys! I want the best for the SNS-1 I will do whatever it takes ^~^ <3 Lowkey I'm really bullish on this even though your average midwit on the ICP ecosystem isn't (which is a good thing, if N words like Moses were bullish I'd run far away)

>>54395430
>>54395523
>>54395664
I don't know man, every video about SNS-1 has less than 2k views and nobody knows this project.
Seems like a Pajeet scam tb.h

Look at the proposals for sns. "Become best friends with tom cruise - passed". " Build the bestest most start of the art dex with no dev team to build it - passed" This shit is fucking retarded.

>>54395711
>Watching YouTube videos about coins...
Anon I- ...

>>54395664
Now that you've posted this elaborate and in depth look at the price and only the price, I have a few questions:
Why is the SNS-1 token needed?
What services does the SNS-1 offer?
How do these services generate value to an SNS-1 token holder?

MakerDAO actually provides a service.

>>54395792
>implying any crypto provides a service unironically
Anon I- ...

>>54395807

>>54395845
^~^ you're cute

>>54395792
>Why is the SNS-1 token needed?
DAO governance

>What services does the SNS-1 offer?
So far there's only icpcoins.com but proposals passed regarding a future DEX and collateralized lending platform like Maker. What we are missing are devs and more initiative. So far only crowdfundNFT devs (Singularity) were willing to build a wallet for 500k which was absurd desu
We need to contact people and get things rolling

>How do these services generate value to an SNS-1 token holder?
This has yet to be decided. But there will be voting rewards eventually, if the relevant proposal passes. Also token staking functionality is built within the SNS code. Again potential for a proposal and initiative.
An easy use case would be that you can stake your SNS-1 on the lending platform which collateralizes BTC or ETH/alts and get a piece of the fees.

Everything is yet to be decided. SNS-1 is community run and will succeed or fall depending on the strength of its community. But the potential is huge for what it is fundamentally.

>>54396005
sns1 needs big money to enter the space to really expand. once eth evm's are live we might start to see some money pour in

>>54392859
Good luck sneedbros