[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 584 KB, 1449x632, Screenshot 2020-05-31 at 14.20.19.png [View same] [iqdb] [saucenao] [google]
19432499 No.19432499 [Reply] [Original]

>> No.19432768

Hahahaha shut the fuck up with your $900 in liquidity lmao poor boy, you guys are dumb as fuck.

>> No.19432804

Yes it is, this thing is a strong buy and hold, feeling comfy af

>> No.19432813

>>19432768
The liquidity pools are in the upper 6 figures pajeet

>> No.19432824

>>19432499
What does it do?

>> No.19432825

>>19432768
>$900 liquidity
Found the retard.

>> No.19432840
File: 47 KB, 860x572, downsyndromeg530066521_1520846-860x572.jpg [View same] [iqdb] [saucenao] [google]
19432840

>>19432768

>> No.19433763

>>19432824
Normie explanation. There are two aspects to this token.
1. Token burning. Every transaction has 1% of tokens burned forever, permanently diminishing supply. In the first 2 days, over 4 million tokens have been burned of the 101M starting supply. This makes your tokens more valuable, as obviously there's less, and rewards holders instead of swing traders.
2. There's an AI that has control over a balancing pool. It will buy and sell Sta to keep price more stable. To be more precise, it has its own wallet/pool of 5 tokens - BTC, ETH, STA, WSC, and LINK. It is coded to keep these tokens in constant balance no matter what - i.e. if BTC raises in value, it will sell some of the BTC to get ETH, STA, WSC, and LINK such that the BTC in the wallet is equal in value to each other coin in the wallet.
This means if STA price drops, it will sell the other coins for STA. If STA price raises, it will sell STA for the other coins. This is good for a variety of reasons. The AI is a direct competitor to swing traders, discouraging the dumps and pumps that always come from that. It also helps negate dumps in general, as it offsets the loss from a large sell. This combined with the 1% token burning makes dumps almost beneficial, as it's practically guaranteed to bounce back eventually and burn tokens in the process.
The AI's balancing pool is also a liquidity pool, which is brilliant. I recommend looking that up if you don't know how those work. And as with all uniswap-type coins, people can provide liquidity to the pool (i.e. adding all 5 tokens equally) for a share of the pool and get a percentage of transaction fees (the fees separate from the 1% burning).

>> No.19433796

>>19433763
Oh, ok. So it's a scam. Any project with token burns is dogshit. 100% certain this is going nowhere.

>> No.19433808

>>19433796
Whatever you say, pajeet.

>> No.19434389

>>19433796
Absolutely fucking sure this will do another 10x within a couple of days.

>> No.19434488

>>19433763
what if the amount transferred is the lowest possible amount? how will it burn 10% then?
and what's the supply?

>> No.19434507
File: 30 KB, 794x375, 32342343.png [View same] [iqdb] [saucenao] [google]
19434507

1 cent already breh

>> No.19434567

>>19432825
Kek.
He doesn't understand that the higher the price is the more liquidity. But it's about the amount of buys and sells what really matters. Imagine how much this will be and volume when we hit $1 or soon after $10

>> No.19434664

Can someone explain to a newfag why 900 dollars volume is not right please?
Thank you

>> No.19434885

>>19433763
Actually, I've got a more important question. How does it keep track of the prices? Uniswap oracle?

>> No.19434896

>>19434488
Started at 101mil now at 97 mil.
And I guess if you really wanted to transfer 0.0001 STA over and over with a 53 cent gas fee every time to not burn tokens, you could...

>> No.19435252

>>19432499
much bigger than antshares actually
biggest thing in crypto since ethereum

>> No.19435264

>>19432499
Not unless they get people to contribute to the fund tho

>> No.19435269

>>19435252
I'm a bag holder too bro but I think that was an overstatement.

>> No.19435287

does this operate similarly to what Reserve Protocol wants to do?

>> No.19435297

>>19434664

Uniswap v1, not v2.

>> No.19435477

this one will be huuuuuge, HEX vibes here.

>> No.19435515

Fuck it im gonna throw 10 eth at this. If it goes to $1 I cash out

>> No.19435528

>>19435515
Do it brah. Godspeed.

>> No.19435553

Next Hex

>> No.19435588
File: 15 KB, 543x82, sta pool.png [View same] [iqdb] [saucenao] [google]
19435588

>>19434664
What op is showing is the uniswap v2 liquidity
the v1 liquidity is much much higher, see for your self

>> No.19435593

Bought this and excited

>> No.19435806

>>19435515
Great job /biz/. Buy the top again.

>> No.19435830

>>19435806

The 24 hour top

>> No.19435861

>>19435806
You are gonna be saying that all month. You dumb fuck. Your newfag TA won't help you now. This crypto you faggot.