/biz/ - Business & Finance

[Anonymous No.20040829]

Living proof that /biz/ hates money.

>hurdurr the fundamental doesnt make sense why do we need something thats elastic and its nothing more than paying for a cup of coffee

[Anonymous No.20041451]

>>20040829
where to buy?

[Anonymous No.20041470]

>>20040829
DELET UNTIL $0.90

[Anonymous No.20042394]

>>20040829
Will it dip bros please make it dip

[Anonymous No.20042495]

>>20041470
this

[Anonymous No.20042775]

>>20041451
Uniswap for DEX

Kucoin for CEX

>>20041470
>>20042394
>>20042495
hurhurhur with a rebase of 9.6% yesterday, normies will start flocking in because this is a 'project' that generates massive compounding interest everyday.

[Anonymous No.20042823]

Delet this OP

[Anonymous No.20042900]

>>20040829
i wish i had $20k to put into this

[Anonymous No.20043105]

>>20042900
Fuck I wish I had more than $2k.

[Anonymous No.20043679]

I'm literally getting left behind REEEEEEeeeeEEEEeeee

[Anonymous No.20043688]

>>20042394
>waiting for dips on ampl
Ngmi

[Anonymous No.20043797]

>>20043679
you guys had 5 days lmao

[Anonymous No.20043831]

AMPL's smart contract design allows the increase and decrease of supply to be automatically executed without any need for a transfer between peers, and without the need for a bank.

The monetary protocol automatically adjusts the supply of AMPL across all user wallets based on price. This means the number of AMPL you own changes based on market conditions. When price is high wallet balances automatically increase. When price is low wallet balances automatically decrease. This supply adjustment operation happens once per day and is called a rebase.

This daily rebase operation is applied universally and proportionally across every wallet’s balance. This means AMPL is non-dilutive. Like Bitcoin, if you own 1% of the overall network you will always own 1% unless you actively make a transfer.

[Anonymous No.20043895]

>>20043831
>buy my stablecoin bags

[Anonymous No.20044267]

If it doesnt dump below $1, does that mean every single rebase is positive and it will keep compounding?

[Anonymous No.20044286]

FUUUUUUUUUUCK

>>20044267
yes


RREEDEEEEERERERERDERODOO

[Anonymous No.20044315]

>>20043895
This anon still don't get it, and probably never will. KEK

[Anonymous No.20044381]

>>20043895
N G M I!!!!!!!!!

[Anonymous No.20045113]

>>20042775
Why would you use Kucoin over Uniswap for this?

[Anonymous No.20045488]

>>20045113
I wouldn't, just saying for anyone who prefers a CEX over DEX. I mean there are people who prefer setting bids to buy at their desired price rather than market buying at current price.

[Anonymous No.20045583]

>>20042900
I put 100 eth into it at 1.50

[Anonymous No.20045627]

>>20045583
based

[Anonymous No.20045732]

this coin is so fucking based holy shit

[Anonymous No.20045766]

>>20045732
>>20045627

reBASED*

[Anonymous No.20045778]

>>20045732
>>20045766
>mfw refreshing my portfolio and seeing it go up every time I hit f5
t-t-thanks ampleforth

[Anonymous No.20045811]

>>20045766
>>20045778
i own .0005% of the supply. a..am i going to make it

[Anonymous No.20045826]

>>20045811
>AMPL goes back to ~$1
>AMPL reaches 1 billion market cap
500k is comfy tier. Play your cards right and you can make it.

[Anonymous No.20045952]

>>20045811
Yes

[Anonymous No.20046095]

>>20045627
Rebased indeed.

[Anonymous No.20046114]

what is the oracle price based off of? it looks like the price is around $2.38 but it's showing up as $1.98 on the dashboard

[Anonymous No.20046149]

>>20046114
weighted average over 24 hours period. Or else you would spike the price 1 minute before rebase.

[Anonymous No.20046169]

>>20046114
The oracle rate is averaged between rebases

[Anonymous No.20046172]

>>20046149
ah gotcha i see now

[Anonymous No.20046249]

>>20046114
Both wrong.

AMPL is the first "forever-moon" token. Its a self reinforcing moon machine that can never dump.

[Anonymous No.20046274]

>>20046249
rebased is based on the oracle rate
https://www.ampleforth.org/dashboard

[Anonymous No.20046321]

>>20040829
A rather competently carried out pnd ongoing. In effect the token offers nothing that isn't already available in existing prominent projects. The concept is good for a pnd because it's simple enough for the dumb majority to understand what it does while they cannot figure out that that what is worthless.

[Anonymous No.20046361]

>>20046321
it fixes the issue of volatility to your stack when price of the currency fluctuates

[Anonymous No.20046392]

>>20046321
blatantly false
ample goal is to have:
a) a token that has an hedge against inflation, that doesn't need collateralization of empty air (maker...)
b) a stable price

[Anonymous No.20046398]

>>20046392
c) uncorrelated with btc movements

[Anonymous No.20046427]

>>20046392

a stable value not a stable price imo

[Anonymous No.20046468]

Topkek I just realised today that this bitch will probably pump all the way to ten dollars and beyond. Absolute fucking madness desu.

[Anonymous No.20046486]

>>20046468
why on earth do you think it will pump to $10?

[Anonymous No.20046500]

>>20046361
>>20046392
>>20046398
>>20046427
lmfao, I retract my previous statement where I claimed the concept is simple enough for the dumb minority understands what it does and amend it to that it is simple enough for the dumb minority to THINK they know what it does, holy hell, what happened to biz, I'm fucking out

[Anonymous No.20046512]

>>20046500
Anon, something tells me you werent ever in.

[Anonymous No.20046516]

>>20046500
*majority

[Anonymous No.20046566]

>>20046486
Greed is a hell of a drug. We haven't eve had one pull back yet. Once the first successful test is passed we may go to 10

[Anonymous No.20046586]

>>20046486
price goes up --> rebase, tokens are distributed --> fomo --> price goes up

[Anonymous No.20046630]

This whole concept is predicated in total adoption though? There is no reason for someone to want to buy an ampl token from you for ten dollars, if they know what this token is for.

[Anonymous No.20046658]

>>20046630
If you could buy a crypto that steadily rises, and insures that you keep the same amount % wise of the coin, would you?

[Anonymous No.20046660]

This isn’t and Indian scam and actually made by big brains in America.

So of course biz hates it.

They want the quick in and out pnd

[Anonymous No.20046678]

>>20046660
Whats sad is that this isn't even moving that slowly. Considering there wasn't a massive dump yesterday at 10:15 I am feeling much more confident.

[Anonymous No.20046792]

>>20046678
i was looking over the last week or so, and it looks like there is some slight profit taking around 10pm est after the rebase, but i guess more people are willing to hold onto their % of the supply as the price rises because the next day's rebase will be even higher. correct me if i'm wrong on this.

[Anonymous No.20046834]

>>20046792
>i guess more people are willing to hold onto their % of the supply as the price rises because the next day's rebase will be even higher
You've got it.

[Anonymous No.20046889]

>>20040829
Should I hold AMPL in my own wallet for a rebase or does exchange wallet also suitable for this?

[Anonymous No.20046905]

How do i get these rebases Do i have to do anything?

[Anonymous No.20046948]

>>20046905
Just buy and hold. It automatically deposits tokens

[Anonymous No.20046961]

>>20043831
Do I drop it into my Metamask?

[Anonymous No.20046977]

>>20046889
some exchanges are, such as kucoin and bitfinex
also erc20 compliant wallet is acceptable

>>20046961
yes

[Anonymous No.20047008]

>>20046977
Ty anon

[Anonymous No.20047094]

>>20040829
if it's a stable coin why the fuck is it fluctuating in price?

[Anonymous No.20047220]

3 dollars today?

[Anonymous No.20047260]

Gonna be massive , anon

[Anonymous No.20047407]

>>20047094
because it isn't a stablecoin

[Anonymous No.20047980]

>>20046500
brah I tried my best explaining to these brainlets since 3-4 days ago. But nonono first thing they'd ask is WHAT CAN THIS DO APART FROM PAYING FOR A CUP OF COFFEE.

Biz doesnt deserve to be rich and should be scammed by shit like STA