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/biz/ - Business & Finance

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21292454 No.21292454 [Reply] [Original]

https://projectserum.com/blog/srm-supply

The circulating supply is 31 million for the forseeable future. I see so much weak fud from people who just see the total supply and then start spouting 'muh overvalued' without taking literally 20 seconds to read into the tokenomics.

Serum will be a titan in the industry. It'll consume all other DEX attempts by other exchanges. Take this fucking redpill and don't get fudded out of this one.

https://youtu.be/MykQvvtacCk

>muh already x10
Fuck you, this has atleast another x300 in the tank.

>> No.21292684

No way SBF is going to let this fail

>> No.21292852

>>21292684
He's not some greedy CEO looking for a quick money grab. He's an autistic tech nerd and a heavyweight developer. He created FTX, like literally created the exchange.

Serum is his magnum opus and he has the vision and resources to push down the throat of everyone even remotely in the crypto space.

>> No.21292879

>>21292852
Shill me more anon. Market cap seems too high imo

>> No.21293039

>>21292454
Way too many VCs around

>> No.21293127

>>21292879
only 31m circulating currency right now, 90% is locked away for atleast a year, mcap is only 55m

>> No.21293150

>>21292852

Let’s not forget he’s a KIKE

>> No.21293259

>100x
>mcap already $60M

>> No.21293293

>>21292879
Start with the video then read the link about the supply to protect yourself from baseless MC FUD.

>>21293039
The largest quantities of VC tokens are locked up for 6 years. The smallest buys atleast 1 year. The coin hasn't even been listed for 24 hours so any fear about getting dumped on is just dumb. This will climb for months.

>> No.21293438

>>21293150

Just bought 100 eth worth. With Jews you win

>> No.21293500
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21293500

>>21292454
well maybe x 100 is a bit much, but x 5 and maybe even up to x 20 will probably happen for real. Based and /biz/ early for once.

Oh and 2 good thing to know: investor coins are locked for a few years, and the price didn't really do a +1000% how binance shows, rather yes the private sale price (with locked coins) ended around 0.10 and in the public sale it started around $1 because of an auction model and at that price people were buying steadily. So you should see it as a coin that started around $1 and you can still get in under $2 and it will hit probably $5 within a month or so

>> No.21293617

>>21293500
Exactly. The bags that went +1000% were the ones from a few lucky small fish that got lucky in the IEO lottery. Even if they all dumped, it wouldn't even cause a 5% dump.

>> No.21293666

Why should this be worth more than $60M mcap? Is there a working product?

>> No.21293817

>>21292454
>max supply: 10 billion
dropped

>> No.21293890

>>21293666
Because it'll literally launch in a few weeks. Expect it to double the moment it does.

>> No.21294166

>>21293817
This is literally not relevant for the coming decade.

>> No.21294514

Yeah I'm thinking I'm going to forget about my bags and check again in a year or 2. This shit is grand.

>> No.21294725

>>21293666
Checked. Sidebar: Why should this be worth anything at all? Do you guys understand the BTC to ETH TX process? It's cumbersome to set up a collateral smart contract on serum, and then use my own means anyway to send BTC manually. The tech is neat, but the retards of our world want seamless backend tech that doesn't require an ounce of effort to use.

>> No.21294789
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21294789

>>21294514
Might as well stake it then anon. Also do it before the 14th. Pic related.

>> No.21294845

Can't buy something already at 50 million marketcap when there's shit on Uniswap that easily 10xs.

You're telling me this is going to 500m marketcap? Too risky.

>> No.21294874

>Shilled on Blockfolio and FTX+Binance
>It's not even in the top 50 yet
Comfiest hold

>> No.21294963
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21294963

>>21294845
I'm amused by the fact that you call Serum risky, yet you want to chase literal memecoins on Uniswap.

You have not spent 30 seconds reading into the project, right?

>> No.21294998
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21294998

>>21294963
Kill yourself, retard

I 100xed in Statera

How about you, dumbfuck

Enjoy your 50m marketcap shitcoin

>> No.21295153

>>21294789
Thanks anon. Will look into it.

>> No.21295227

Cool looking project!

>> No.21295433

>>21295227
Correct

>> No.21295937

EOY predictions?

>> No.21295987

>>21295937

I'm no market expert nor am I a professional but I feel like this one is a longer hold. If you're looking for a quick double up this project probably isn't it. You may be holding this one for like 2 years depending on what is released, the adaptation, etc

>> No.21296379

>>21295987
Sounds accurate.

>> No.21296845

Tokens staked. See you fags in 2 years.

>> No.21297469

>>21296845
O-okay b-bye..