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/biz/ - Business & Finance

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20004214 No.20004214 [Reply] [Original]

>we are closing 0.40$ soon thats 4x in 30-60 days
>literally only noncustodial defi-real world link
>crypto.com scam market cap 2.1 billion cro+67 million cro this shit still 12 mil mc lol
>aave integration inc
>iban integration inc
>suported by whole defi community
>anons here still think its random scam

>> No.20004315

holy shit this actually does look good

>> No.20004483

>>20004214
>>20004315

no thanks samefag i'll stick with Suterusu accumulation.

>> No.20004596

seems based

>> No.20004682

>>20004214
the app and card are pretty based but what about tokenomics, are the tokens actually used for anything?

>> No.20005078

>>20004682
Some shitty idea around when users top up cards 1% fee goes to tkn holders..pretty meh
BUT
now you meantion they are doing tokenomics v2 this month and we all know waht that did to every defi project.....

>> No.20005182

Why is their website so fucking weird with nerdy alien shit everywhere and raptor heads on half of their team bio pics? Who does this?

>> No.20005224

Dunno looks pretty based to me
I can tell you are not rick&morty fan lol

>> No.20005787
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20005787

>>20004214
Nice try pajeet, the token is worthless

>> No.20005955
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20005955

>>20005787
Me pajeet?
Kek i suck at shilling and just trying to get biz on this gem alst 60 days :(

Yeah they are ico survivors and not much used during last 2 years
Who else survived ico bear,kept thinkering and building, rebraned (from ethlend to aave) chandged shitty tokenomics and blasted 60x on defi hype?
Defi twitter is all over this shit and now that everyone got burned on crypto.com its perfect storm for this shit

>> No.20006166

>>20005955
Their main selling point is being non custodial. If the new tokenomics remove the 1% fee to deposit, they might be ok.

>> No.20006417

>>20004214
I hold 1000 not much I know but I've 7x my investment and oddly enough I only made 7x back in 2017 so seeing this I'mma buy another 1k thanks op seeing this is BULL

>> No.20007413

>>20006166
Acually agree
>>20006417
I have small 10k suicide stack to not going in lowcap hard for sure but have so good feeling over this gl bro

>> No.20007964

I'm literally making it with Monolith

Also join this Unofficial chat t.me/moonolith

>> No.20008531

Just got 15k stack im confident this will hit 5$ EOY.

>> No.20008691

>>20004214
Will be honest with you, I sold my entire stack at around $1 last january in 2019. Having held the project since 2017 (before the bitrex delisting). This project had potential, but there were (many) lies a long the way, including exchange listings (which never happened) - without a proper exchange with deep liquidity the token will not go up in value, that is the sad reality. Another problem is that while the tokenomics is sound - namely the asset contract. What is key is that people need to be using and adopting tokencard. The problem is that the card is inferior to MCO because MCO is burning money and being seriously unprofitable just so they can gain market share. Sad to say but while the decentralized model is good, there hasnt been an event which has led to widespread adoption of this product. Furthermore, most people currently in crypto dont use crypto to spend money, they use it to speculate. So the use of monolith has been somewhat limited. The token's fair value currently 0.4 cents can only go up, but how long that will take to go up is an altogether different story. What I will say is this - you need 10 million in the asset contract for the token to be worth 30 cents, meaning you need at least $1 billion in conversion. The product currently has been launched for more than a year and only has done around 1.4million in conversions so I would be wary if there is ever a time and place where the tokens fair value reaches 30 cents let alone $1

>> No.20009592

>>20008691
>without a proper exchange with deep liquidity the token will not go up in value
This is literally problem solved with dexes 2020 do you live under rock??
>>20008691
>The problem is that the card is inferior to MCO because MCO is burning money and being seriously unprofitable just so they can gain market share. Sad to say but while the decentralized model is good, there hasnt been an event which has led to widespread adoption of this product.
Yes and now with all MCO fud +lot of defi dudes want real non custodial contract this is Monolith time to shine
>>20008691
>The product currently has been launched for more than a year and only has done around 1.4million in conversions so I would be wary if there is ever a time and place where the tokens fair value reaches 30 cents let alone $1
They are doing new tokenomics

DId you read thread at all this sounds like legit 2019 fud but things chandged fucking alot today

>> No.20009696

>>20009592
this