[ 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: 211 KB, 800x450, cover1.jpg [View same] [iqdb] [saucenao] [google]
19992378 No.19992378 [Reply] [Original]

STONK has no value now since there is no deflationary component to it. Owning STONK now is the same as having a balancer pool with the same set of tokens that it is tracking.

>> No.19992397

And hopping from these with one click easily automated makes this bad somehow how? Also fees collected and distributed but having no burn also makes it still a lucrative investment. Brainlet?

>> No.19992436

>>19992397
holy shit I will never understand how Ponzis breed religious fanatics

>> No.19992481

>>19992397
how does STONK as a token make a difference in what u just described?

>> No.19993043

>>19992378
>now

>> No.19993062
File: 145 KB, 1200x700, Florin(1).jpg [View same] [iqdb] [saucenao] [google]
19993062

>>19992378
L O L

shoulda bought imperial buds

>> No.19993138

Sell this piece of shit right now....it won’t survive

>> No.19993162

$STONK supports DeFi through providing lucrative balancer pools that include promising DeFi projects. Its purpose is to soak balancing pressure to act much like an ETF indicator for DeFi - all in one token.

read that a few times

>> No.19993194

>>19993162
$STONK will be performing a 1:1 token swap from $STONK, the previous deflationary token, to $STONK, the new non-burn token. We've addressed and found issues with balancer pools able to perform attacks on this, and this new token will be essential for further development.

The new $STONK contract token will be traded on Hotbit & maintain the same long term goals with the balancer pools. Please wait for further details. For now, if you hold the old burn $STONK, you can perform a 1:1 transfer with the new $STONK that will be listed on Hotbit. 1:1 swap details will be available soon.

>> No.19993342

The useless token named after a reddit meme is a "meme coin" now? Wtf...

>> No.19993410

Why is stonk token needed?

>> No.19994217

>>19993162
without deflationary aspect there's no balancing pressure.

>> No.19994463
File: 107 KB, 820x749, Untitled.png [View same] [iqdb] [saucenao] [google]
19994463

>>19992378
Honestly, if the Stonk devs manage to do both of these things, I'll never doubt the project again. We'll see how it goes.

>> No.19994916

>>19994463
why wouldn’t they? they’ve always kept their word

>> No.19994921

unironically sold 100k
going to hold the rest
wish me luck

>> No.19994971

>>19992436
Pyramid schemes ponzu all do this because its hard to cope being this wrong

>> No.19995448

STONK never got good.

Pathetic ATH

>> No.19995463
File: 69 KB, 680x469, d62.jpg [View same] [iqdb] [saucenao] [google]
19995463

>>19994921
I got cold feet, I trust the dev team and they haven't gone back on their word yet, but a 4m whale dumped their entire wallet an hour before the new Stonk token snapshot will be taken. My gut got exit scam vibes and I'd rather exit with my initial investment + 5% than be left holding worthless bags. What happened today can turn any legitimate project team into a group that just wants to cut ties and leave without losses.

If the new token launch is successful then I'll consider picking some up, I doubt initial price will be above 1c anyway - since that was my exit price. The Hotbit exchange listing still gives the project potential.

>> No.19995552

I just bought more, I like the memes.
I bought LINK for the same reason.

>> No.19996452

>>19994217
deflation can be performed manually btw
this is what they are going to do - wait for the announcement