/xETH/ Xplosive Ethereum General - Staking is live!

[Anonymous No.23506304]

Staking went live 17 hours ago - 421k deposited already;

stakexeth.finance/#/xETH

Well, the low liquidity problem is finally solved but we are still under peg. Personally I am not sure where we are going, we need this week to go well somehow and stabilize within the 4$-5$ range.

This seems to be happening at the moment;
>"SINGIFICANT DECREASE IN NEW BUY PRESSURE = DEATH"
Hopefully there are some big marketing plans coming up to create that much needed influx of new investors.

Previous thread:
>>23485393

[Anonymous No.23506318]

Here is why you should buy xETH :
>Elastic supply token like AMPL but WITHOUT THE NEGATIVE REBASES
>Rebases occur when xETH's price > 0.01 ETH
>Rebases are compounding, so it's like a savings account but with higher daily returns
>Serves as a hedge if ETH dumps
>Deflationary tax decreasing the supply meant to PARTIALLY discourage sellers
>Price down a lot from ATH but lag decreased so bigger rebases at a smaller price.
>Team and community both are engaged and united in order to make this work. Dev wallet burned (another one happened) has of its inflated funds and will do it again in the future if needs be
>Get comfy in these threads (does not require buying)

Here's why you SHOULDN'T, or at least THINK TWICE :
>xETH is essentially worthless, if people don't try to make it last it won't be sustainable
>ANONYMOUS TEAM
>CODE HASN'T BEEN AUDITED BY A LEGIT PARTY (fixed soon™)
>NO VOLUME = DEATH
>SINGIFICANT DECREASE IN NEW BUY PRESSURE = DEATH

[Anonymous No.23506506]

xETH 2.0 still in development;

xETH 2.0 shortly summarized (it’s everything xEth is but much, much, much better):
>Automated Price Reactive Lag Rate -- It is a rate in which the lag automatically changes reactive to the price of xEth, taking into account psychological aspects of price, selling pressure & price pumps. This is a huge step forward to decentralisation!
>Automatic Price Reactive Burn Rate -- An automatic burn rate is just like the lag rate, but it’s how much of the transaction is burnt on sells (not buys!) so this is our mechanism in response to other projects negative rebases (+taxes).
>Mechanisms to drive above peg -- To top it all off we are working on an automatic mechanism to drive us above peg.
>Audit (huge imo) -- The code will be 100% audited by a 3rd party auditing company (yet to be selected but we have an idea of who).
>Marketing, community massively involved.

[Anonymous No.23506612]

There's something big coming to drive up the price above peg. Feeling it in my guts.

[Anonymous No.23506770]

[Anonymous No.23506779]

>>23506304
>>23506318
>>23506506
BASED.
I'll buy some xETH and $SUS

[Anonymous No.23506948]

>>23506779
$SUS? Shitcoin or what's it about?

[Anonymous No.23506965]

[Anonymous No.23507040]

>>23506948
>shitcoin
Anon I..
Main things about the token:
>Deflationary. Burn rate: 2.3%
>Supply 9k , 1k burned
>Mcap under $40k
>NFT's will be released today
>no presales
>no premines
>future decisions for the project is based on governance protocol
Low cap big potential
DYOR

[Anonymous No.23507280]

>>23507040
Sigh.

[Anonymous No.23507545]

>>23507040
This actually sounds like a shitcoin tho, lmfao.

[Anonymous No.23507742]

[Anonymous No.23507982]

[Anonymous No.23507999]

Gotta love the xETH threads

[Anonymous No.23508041]

>>23507999
Enjoy!

[Anonymous No.23508128]

>>23507280
Bump because you posed Ikaros. I miss Sora No Otoshimono so much.

I really want to contribute with you for these threafs again anon, but I'd feel sick paying for a 4chan pass and giving money to Hiroshim00t just to bypass an ISP ban.

I'll wait until the price goes below $2.5 to buy back, as I feel there's a clear lack of buy pressure despite the token sitting below the peg. It doesn't sound attractive for new investors in particular.

[Anonymous No.23509115]

>>23508128
Heya! Hopefully you come back fren, different IP different house currently lmao. OP here tho, I have a feeling (and maybe some inside info) that something is coming to get us back above peg, keep your eyes on the TG.

[Anonymous No.23509702]

Holy fucking shit this thing is actually just bleeding out
The problem we all foresaw is happening... no new buyers for the ponzi. And now we got the staking meme which means more supply and more dumping and more bleed. We're gonna hit 400 per eth in two weeks. This project is fucking dead because the team wants to shoot up heroin and jerk each other off in the back of their crocodile handbag factory instead of shilling the fuck out of it and actually paying for marketing, maybe even fixing the protocol so there are incentives for people to buy below peg. But no we got the staking meme. Cool fucking ponzi scheme guys, pack it up this token is dead

[Anonymous No.23510517]

>>23509702
Atleast give some proper arguments kek, I agree things need to change. Staking is only good if you are just under/above peg. Personally I would argue that staking rewards should only be available above peg and on top of that introduce a heavy (!) selling tax under peg. By the way no more yandre pics on phone, pain.

[Anonymous No.23510592]

>>23509702
To think literally a month ago the price was nicely crabbing between peg price and $7. What went wrong