/biz/ - Business & Finance

Sad that they are burning more REQ than most people on 4chan have

>>9554789
Is thus fucking real?

>>9554797
it isnt just fud that your own tokens can be burned, i cant believe that wtf?
its like buying a guaranteed pink wojack

>>9554789
Thats like, what? $500?

>>9554789
Please tell me this is real

>>9554819
http://reqtokenburn.com

>>9554822
This coin is going to moon soon even with the fud

>>9554841
The intense fud its been getting was the indicator that its about to moon hard
This is /biz/ the buy high sell low board
Fud=buy or hodl
Shill=sell or dont buy

>>9554874
makes sense...

HUNDO EOY

>>9554828
The pendind bit is not

>>9554841
>continue ze doomp

>>9554913
Yeah it was
We’re at 3372 burnt right now

I have only 17500 linkies and i'm going to sell 5000 and buy req

Good idea?

500 MORE PENDING!
WERE GONNA BE ON PLUTO EOY

It's still happening! Burn this fucker down!

>>9554935
Nobody knows why this is even happening. For all we know a guy could be sending his tokens to the burner address for the lolz.

>>9554955
Reddit talked about that earlier today
But I doubt they’d burn this much money for the fuck of it

lolwtf I literally just got into REQ like 15 minutes ago. you're welcome, I guess.

>>9554955
Coinbase is now running live tests prior to release.

>>9554930
Oh fuck, it is real. Over 500k pending now.

>>9554836
Nooooooooooo my REQS are burned!!!

>>9554973
Oh my god
300mil pending
It’s fuckigg happening

>>9555015
1billion pending now , RIP REqQ

>>9554973
>inb4 devs fucked up and they are burning whole req supply accidentally

Could you explain to a brainlet what exactly is token burning why is it good and why are you fags sperging?

>>9555036
Lower supply with the same or higher demand equals higher price
Basic economics anon

>>9555036
Supply and demand nigger wtf is wrong with you.

>>9555036
When there are fewer tokens available the price per token generally goes up.

https://etherscan.io/address/0xfcb4393e7faef06fab01c00d67c1895545aff3b8

Somebody analyze the burner contract and figure out what is going on. This can’t be just fee processing, that’s like 700 dollars in fees and at a .5% fee that’s around $140,000 in transaction volume on the last two hours? I don’t think so, somebody (or a group) must be sending their tokens to the burner contract lmao.

>>9555064
Coinbase needs some in their wallet anon

The Bogs are saving REQ.

>>9555064
>req is so useless people are throwing it away
l
m
a
o

>>9555047
what if the supply is lower and demand also goes down?

>>9555081
Price doesn’t move

>>9555081
then the price stays the same

>>9555092
>>9555083
thanks, guys.
for not calling me a brainlet

>>9555064
Wow, that’s like what amazon does in microsecond. There’s no possible way this is an indicator of adoption... i-is there anon?

4127 boys

>it's real
what the fuck is going on?

>>9555112
>>9555064
Amazon/Coinbase Partnership confirmed.

>>9555135
If that happened I think my dick would explode

>>9555139
You better wrap it up first then. Strap in!

Perhaps it is the Crowfunding app being tested by the NGO's or companies that Request mentioned in one of their recent updates.

>>9555168
Or
Maybe
COINBASE

guys something weird and creepy is happening

>>9555036
Everyone who bought in at the ico and passed KYC got replica Req token swag in the mail as a thank you/promotional thing. It turns out that these tokens were made out of compressed crystal meth. An anon 'discovered' that there is a uniqe ethereum private key encapsulated in each meth Req swag token obviously, the easiest way to get to it is to burn and inhale the token, which leads you to,buy more req. However, when you finally get to the pkey and try to access it using Eth wallet software, it actually triggers an event in the req smart contract that sends all the user's req tokens to an unusable address, thereby "burning" the tokens and lowering the total supply of req so that price can increase. We all thought usage and adoption would make this happen, but it turns out that request network is doing this on the backs of their trusted investors.

AHAHAHAH you brainlets think just because there are less coins that demand will increase. The price will rise because of the smaller supply but there is no reason to believe that there will be any more demand just because there are fewer coins. Enjoy your 5% pump while you can I'll be laughing when the price still goes nowhere because nobody wants this shitcoin.

>>9555205
Keep the fucking price as low as it can stay. We burn more the lower the price is.

Here’s the REQ burner contract

https://etherscan.io/address/0xfcb4393e7faef06fab01c00d67c1895545aff3b8

You can see the address there is the same address sending the tokens to the 0x0000000 wallet which is the “burned” token address where REQ is permanently taken out of circulation by using Etherscan

https://etherscan.io/token/Request

What’s going on here bros?

>>9555205
If demand remains the same and supply shrinks, what happens then faggot? Please, I want you to tell me. It’s like you aren’t even trying.

>>9555219
What did they mean by that?

Is the update this Friday? Looks like a good entry point right now anyway

>>9555237

source ?

>>9555245
Feeling pretty good about my 26575 entry a few min ago.

>>9555272

Might wait to see if there is more burn and more volume before I fomo in.

>>9554828
Its not real
cause ITS EVEN HIGHER NOW

Staking is coming this Friday. Screencap this.

>>9555317
Could we have staking and burning or is that an impossibility?

>>9555297
real question - is the growth linear or exponential? They look the same for the first few months.

>>9555327
Why couldnt we?

>>9554789
you do know there are million of req fund tokens to still be added to the circulating supply right?

>>9555327
I think they’ve said before it’s theoretically possible to have both but not something they’re thinking too deeply about right now.

>>9555335
logarithmic.

As more money is transferred, there will be a point that token burn converges to so we'll never run out of Req to burn. Highest amount of burns will happen at the beginning.

>>9555327
One thing we know for absolute certainty.... the price is not going up because black people are buying because black people have no money

>>9555418
So wtf does this mean? 100 EOY but 102 end of 2019v

>>9555441
I mean, I dont think that much because adoption is also increasing.

>>9555461
What?

>>9555317
Fuck do I sell my ZIL for this req coin.

Be real biz

I put in 200k in this market at the start of 2017 and my port stands at around $5.3mill.

I dumped LINK, SALT, TRX, and a bunch of other coins I bought from ICO. I didn't dump REQ because its one of those projects that could hit $1bill or more.

>>9555418
Cool I didn't know that. User growth is what I meant, was unclear.

>>9555490
Nobody knows if it's real or not yet.

>>9555490
Do you want to stay poor?

Req $55 eoy

>>9555507
13k Link 2k RLC 25k ZIL.


What do I do?

>>9555237
Can you fucking read I explicitly answered your question already in my last post.
>The price will rise because of the smaller supply
I actually don't even feel bad for REQ holders if an illiterate monkey like you can represent them.

>>9555538
All in req until Friday then diversify back to your positions.

req $50 eoy

Okay, i sold few linkies and now my folio looks like this. I’m going to make it r-right?

11k REQ
12.5k LINK

>>9555563
Fuck... your lying to me. ZIL has announcements in 2 days. RLC has some too.

>>9555564
Too many 50$ EOY posts. We are being fucked with

>>9555608
REQ $51 EOY

>>9555551
It’s not my fault you write poorly and are a faggot.

HOLY SHIT NNNOOOOOOOOOOOO MY REQ

>>9555595
You’re.

And no, I’m not. Don’t be a pussy.

>>9555623
Fuck off. Don't be a lying jew.

>>9555168
Or maybe this newsletter coming up will announce it!!???

>>9555205
>Enjoy your 5% pump while you can I'll be laughing when the price still goes nowhere because nobody wants this shitcoin.


They said that about ETH at $40

penile insertions.

No...we’ll never live this one down, somebody threw away hundreds of dollars for nothing...we’ll be mocked until the end of time...

>>9555966
>tfw reqt
Back to 5 cents eoy nothing to see here

Which one of you posted this kek

Fug !
Hold me bros !

>>9556010
this is the rapture that the bible foretells

If you go on etherscan you can see the burnt req came from 3 different wallets that are all more or less empty now. Someone did this on purpose

>>9556238
So it's not from fees but from someone deliberately burning them? Or I guess either one person with three wallets or three dapp tests maybe.

>>9556277

Correct. Someone sent req directly to the burn address from wallets that are nearly empty.

If it was due to a large transaction you would reasonably expect the wallet it was sent from to have a recent large transaction logged from which the burn would have originated but that's not the case. Someone deliberately burnt their own req on the two month anniversary of the token burn system

>>9556310
Interesting. Can we trace the wallets to a main wallet with his larger holdings?

>>9556319
I'm too tired for that kind of sleuthing but knock yourself out

These burned coins originated from the main kyber reserve manager. I know this because the 0x63825c174ab367968EC60f061753D3bbD36A0D8F account also holds over 4,000 digix tokens (only 30k in existence) and Kyber is the only entity buying those amounts to provide liquidity. That account also holds large amounts of all the other ERC20 tokens traded on Kyber.

The burned tokens start here

0x63825c174ab367968EC60f061753D3bbD36A0D8F (kyber reserve manager)

they move to 0x964F35fAe36d75B1e72770e244F6595B68508CF5 which also seems to be a smaller Kyber operated acount. I assume this because it has 20k + transactions and every in transaction is instantly followed by an out transaction for the same amount. Seems like so far we have the burned coins moving from the Kyber master account to an ancillary Kyber "hot wallet" account.

The coins then hit 0xfcb4393e7faef06fab01c00d67c1895545aff3b8 which does nothing but instantly send received REQ coins to the 0x00000 burn address.

So this huge coin burn has something to do with Kyber. Maybe they owed a ton of coins to be burned for some reason? Going to see what else I can find out.

>>9556310

bs. There was an ETH donation which led to REQ being market bought and then sold. Could be the ICO they said they said their crowdfunding dApp would be used for end of May.

>>9556348
Prove it

>>9556339
Go baby go! If you figure it out I will give the tip of your cock a peck kiss

>>9556359

https://etherscan.io/tx/0x875f9297704f2fbe9eb823ba4ad46d99acd9fd16f9193ebbcd45a54f593f7ae3

look @ input data

>>9556000
lmao

>>9556385
I'm checking the wallet now and I can't see any transfer that would necessitate such a large amount of burn

>>9556339

wait, 0x964 is the kyber contract. so the burned coins went from reserve manager to the kyber contract to the burn contract to the burn address.

basically the big kyber reserve manager burning the coins for some reason

>>9556339
Since it stopped burning it seems to me someone was testing something. Like someone activated a fee system that burns REQ on an exchange then turned it off. It's still over $1000 in REQ. Only an exchange would do that much that fast, at least that I can think of.

Alternatively someone got trolled into withdrawing their ETH to the REQ burn address.

>>9556458

The sent ETH triggered the market buy. There were no REQ sent to the burned contract from a private wallet as you wrote. They came from Kyber.

From Adm @ telegram:

Adm Request:
Looks like there have been 4 addresses that have sent ETH to the addresses, the transactions from those 4 addresses are different to the regular token burning that we have seen.

After a closer look I have a theory as to what is being tested but I'll check with the team first and see if they know anything.

>>9556000

That's not even funny, clearly that guy is a teenage retard

>>9556564
T. Kike

>>9556546

Shouldn't the fee be coming from kyber network anyway? That's what they're using to do the token exchanging so wouldn't it make sense to convert the fee at that point to REQ, then kyber is responsible for sending it to the burn contract?

>>9556000
REQd CHEKd and KEKd

>>9555327
>Could we have staking and burning or is that an impossibility?
Staking is mentioned in the whitepaper. They said that depending on how the plasma spec pans out, that it may be implemented.

>>9556687
And generally on the state of regulation concerning dividend-paying tokens

>>9556546
Wonder if it relates to announcement they have for newsletter.

>>9554874
But if you say to buy than it is time to sell

Can't believe someone wasted so much money to delude reqqies even more

>>9556546
well? I need my bedtime story

>>9555966
Top kek. The absolute state of deluded REQholders. This is new level of low.

I have 2000REQ will I make it?

>>9557234
Most likely some deluded REQtard nervous from all the FUD about how no one uses the network.

Holding REQ is like burning your money in a trashcan anyway.

FUCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK

someone explain this mainstream adoption meme to me

>>9557738
>mainstream adoption
That's it. That's the joke. REQholders won't get it.

BURNED 4127 WE HAVE MADE IT

>>9554836
4k burned now, nice

>>9555195
kek

>>9554822
Its not fud. They dont burn wallets with low amounts, but anyone that holds 6 figures of this coin knows the pain. Last week they burned another 100 REQ from my main wallet. Im preparing a lawsuit against them. expect news soon

>>9558224
KYS

Is the partnership being announced this friday or next? Anyone have a clue?

>>9558235
You're quite obsessed, little pajeet.

>300k pending
Wat?
300k are going to get burned?
M A I N S T R E A M

>>9555052
Unless it’s req

>>9558252
Bi weekly is this Friday
Should be interesting

>>9556000
dear god, check and kek, good shit

>>9556000

sure is summer