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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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20455530 No.20455530 [Reply] [Original]

Top 10 waiting room

>> No.20455899

im here sir

>> No.20456028

if you are buying this token, you are a fucking idiot. market cap is 200m. token has zero integrations and less than 7k wallets. of that 200m, probably 170m is synthesized "rebase value" whereas 30m is actual retail money coming into the token.

rebases stay in wallets pumping the market cap artificially. new value is not being generated by rebases, just inflation. it is similar to fed quantitative easing, where hot money flows into share buyback scheme. investors in the token don't have any vision for its future, and just live night to night like crack addict bitmex rebase zombies. if there was any selling, then the token price would crash to zero. in short, it is a ponzi.

oh yea, and the team included "setTokenPaused" and "setRebasePaused" functions in the mainnet contracts - in case of emergencies you know. Good luck getting your money out when this garbage pile melts down.