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

/biz/ - Business & Finance

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23614935 No.23614935 [Reply] [Original]

When a projects liquidity is 2x the current market cap?

I really hope you’re using your noggin.
>he thinks surf is just a farm

Read the whitepaper and your mind will open.
https://surf.finance/whitepaper.pdf

>> No.23614963
File: 43 KB, 400x200, 80B8BBCB-3400-436B-9932-697A6B58AF99.png [View same] [iqdb] [saucenao] [google]
23614963

>>23614935
Liquidity just keeps rising. Over 17k Eth in there. This coin is designed absolutely perfectly. I can’t wait for phase 2. Pic related

>> No.23614974

All in

>> No.23614993
File: 32 KB, 705x663, 27060BD6-CC29-4519-B689-3AB219D0FEB2.png [View same] [iqdb] [saucenao] [google]
23614993

wish there was more concrete stuff about the phase 2 dapps desu
still all in

>> No.23615054

>>23614993
This should genuinely be the least of your worries anon. You know the devs are good for it.

>>23614963
I really don’t know how they got on CMC so fast. It was literally an hour after launch. Something is brewing.

>> No.23615159

Done. Bought in yesterday. The one-step staking solution was elegant - that is some high level programming to enable that functionality at such a low gas cost, and bodes well for the rest of their plans.

>> No.23615170

>>23614935
There's no reality where this shit doesn't succeed

>> No.23615210

>>23615170
This. There’s Already over 500eth in surf that will be rewarded once phase 2 starts. The next leg up happens soon. Check the chart.

>> No.23615233

>>23615210
will the phase 2 benefit the people who just buy and hold this in their wallets, or should this be staked or pooled or something?

>> No.23615240

amazed by the quality of the UI, i hope future farms fork this

>> No.23615241

>>23615159
I bought because of the quality of the website first and foremost. Everything else after has been a pleasant surprise.

>> No.23615257

>>23615210
You will need to stake surf/eth in the whirlpool after farming and before it activates. There’s no fee to stake in. Just out but the idea is to stake forever for passive income. Once devs start putting phase 2 projects out, that’s when the fun starts.

>> No.23615363

These devs been working for months to deliver, and they did great! Cant wait for phase 2 and beyond

>> No.23615451

>>23615257
Most people don’t know that the actual project starts after farming is over. I keep stacking as many as I can.

>> No.23615491
File: 2.94 MB, 2000x2904, II, Resident Sponger.jpg [View same] [iqdb] [saucenao] [google]
23615491

>>23614935
I like to call it "my ticket to financial freedom"

>> No.23615633

I've been all in since launch boys, the contracts are audited, the source code is public, it's trending on dextools and mentioned by CMC on twitter. GET THE FUCK IN.

>> No.23615752

So there is no use of just holding this token in your wallet?

>> No.23615759

>>23615752
I’m scared of impermanent loss so I keep some in my wallet

>> No.23615774

>>23615752
well the magic of it relies on providing liquidity, you can hold but it wont give you any real gain if you are staying for the long run

>> No.23615791

>>23615752
Not really. Id suggest waiting until aegis surf pool opens up to farm if u arent throwing 15-20+ eth worth in and doing it yourself.

>> No.23615842

>>23615752
It’d be the same as holding any other token and not using it. Smart anons are staking the surf/eth beach. It has over 4600 eth locked up and staking.

>> No.23615919

>>23615774
>>23615791
>>23615842
is there any reason to be scared of IP or am I being a wuss. definitely feel like im missing out on full compounding obv

>> No.23616092

>>23615919
If you’re scared then I recommend a stablecoin pairing but yeah the 5x returns on the surf beach are enticing.

>> No.23616113

>>23615842
is it giving better returns than the secondary beaches? obviously the fixed apy is higher but to my smooth brain most of the pools seem to be giving negligibly different returns

>> No.23616133

>>23616113
Yeah it’s 5000% to 1000% on the secondary beaches. The main dev just said he’s compounding as many surf as possible. his confidence is intriguing. He has the best idea of what’s coming, and he keeps adding more liq and farming. Imagine what he has in store to be doing this. No team tokens either, hes farming on his own like everyone else is.

>> No.23616145

>>23616113
Correct the surf/eth beach rewards the most. 5 times more surf. There is over 18k Eth in liquidity now. That’s $7M. And the market cap is $3M. Think about that.

>> No.23616191

>>23616145
5000% = 50x, I don't think it's going to be exact, it might be more, might be less. But as long as it's inbetween 10-50x then I'm fine.

>> No.23616198

>>23616133
damn I've been in the wbtc pool, looks like I better move it
>>23616145
almost 1000 ETH in the whirlpool contract too. this is fucking awesome.

>> No.23616211

>>23616191
I think you’re looking at it wrong. It’s 5000% APY. 5000/365 which is about 13% daily in rewards by staking surf/eth. The second davey beaches are about 2%+ daily.

>> No.23616280

>>23616198
It’s insane. $350k waiting to be given to the stakers.

>>23616145
Absolutely wild.

>> No.23616438
File: 133 KB, 511x671, Surfs up.jpg [View same] [iqdb] [saucenao] [google]
23616438

discord gg q76mKUx

>> No.23616487
File: 571 KB, 700x1200, SURF Finance Promotional Card by II.jpg [View same] [iqdb] [saucenao] [google]
23616487

Hey newfrens, just so you know, the people in this thread who are telling you the SURF token has no future and to dump it right after you farm it: They're buying it for for cheap, each uni transaction is posted by a bot in the discord, and they want a big share of the whirlpool stake when it launches.

>> No.23616595

>>23616487
>>23616438
Just listed on hotbit. I swear these devs have some amazing connections. Even though they don’t say anything about it.

https://mobile.twitter.com/Hotbit_news/status/1322060295754317824?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

>> No.23616615

>>23616595
>hotbit
lmao

>> No.23616617

>>23616595
Holy fucking shit.

>> No.23616627

>>23616615
Their 24 hour volume is $200M. What’s so funny?

>> No.23616642

>>23616627
its a washtrading scamchange, retard

>> No.23616644

Jesus Christ the amount of bot shills on biz is fucking grim. Such an obvious rug

>> No.23616679

Any other boardies in here?

>> No.23616693
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23616693

>>23616642
Cope harder you missed a 10x in a day.

>>23616644
>$15 million in 24 hour volume
>contracts audited
>code open sourced
>18k Eth in liquidity
>1000 eth in whirlpool
>cmc listing an hour after launch
>brand new concept
>not a clone
SEETHE

>> No.23616710

>>23616642
Whatever makes you feel better.

>>23616644
This is your fud? DYOR for once, pajeet.

>> No.23616740

>>23616710
>>23616693
Nigga this https://twitter.com/Hotbit_news/status/1321036125536882689 is their ama filled with airdrop pajeets "good vary projekt" replies. Their twitter activity is basically nonexistant while having 53k followers and their volume was proved 99% fake by both cmc and gecko. You're full retard if you think listing on hotbit is good news

>> No.23617021

I don’t think the hotbit listing was wanted by the devs, it’s unfortunate but with the way the token works it will prevail anyway

>> No.23617061

Site is down again

>> No.23617091

>>23616693
But basically, the token price will stay around 1 dollar and profits will only come from pools? Everyone is saying holding will do no good..

>> No.23617103

>>23617091
candles red
chart lines blue
farmers dump
and reck u

>> No.23617131

>>23617091
> Everyone is saying holding will do no good..
read the whitepaper again

>> No.23617141

>>23617131
at least, after the site stops getting ddosd by the fucking chinks again

>> No.23617142

>>23617061
yup. been down for far too long im trying to get to fucking bed already

>> No.23617153
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23617153

>>23617091
>>23617103
>he hasn’t heard of the whirlpool
>he doesn’t know what phase 2 is
>he thinks it’s just a farming token
D Y O R

>>23617141
>>23617142
Use the cloud flare link posted in #announcements

>> No.23617167

>>23617153
so you saying they gonna dump it twice? first now and then when that shit gets unlocked?

>> No.23617184

hotbit listing in 15 mins and trading in 2 hours after? I suspect the top 3 holder with 200k who has been accumulating from the start (but not staking because he’s too much of a retard to press a button, lucky for us) is going to dump after a washtrade pump, just my wild guess, probably was the ddoser at the soft launch 500 block too and is doing it again for the hotbit list

>> No.23617230
File: 95 KB, 1050x902, ECH4khkU8AE83Tx.jpg [View same] [iqdb] [saucenao] [google]
23617230

>>23614935
SURF is the coziest 10x

>> No.23617317

is it worth staking with 2 eth

>> No.23617323

>>23617317
Yes, if you want to have 4 eth next week

>> No.23617340

>>23615451
Read this post a couple times, anons. Let it sink in.

>> No.23617348
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23617348

Can someone explain what it is?
The site is down, can't read the whitepaper.

>> No.23617358

>>23617317
yeah, you’ll get roughly 0.26 ETH worth of surf per day. Might want to wait until later today to actually stake. Current price looks decent if you want to just buy 1 eth worth and hold until any turbulence gets sorted out

>> No.23617382

>>23616211
oh okay

>> No.23617388

>>23617348
Their backup site is up.
https://cloudflare-ipfs.com/ipfs/QmQ7T5MDerAEz7fxFRfbeyWqaJ7DegqP2qEnw66nXZAFk3/whitepaper.pdf

>> No.23617416

>>23617358
i bought at 1.90 yesterday

just to check, staking is through uniswap right?

>> No.23617431

>>23617416
if you currently hold surf then yeah, you’ll need to manually create the liquidity pair on uniswap then go to the surf site to stake the lp tokens

>> No.23617441

>>23617388
Link to backup beach pools?

>> No.23617445
File: 64 KB, 1024x1024, 1603403914431.jpg [View same] [iqdb] [saucenao] [google]
23617445

>>23617388
Thanks mate

>> No.23617458

>>23614935
It's over, anon. Wait for UNN.

>> No.23617511

>>23617441
Here's the homepage
https://cloudflare-ipfs.com/ipfs/QmQ7T5MDerAEz7fxFRfbeyWqaJ7DegqP2qEnw66nXZAFk3/

>> No.23617554

>>23617458
What is UNN?

>> No.23617698
File: 26 KB, 964x771, pepefarmsurf.png [View same] [iqdb] [saucenao] [google]
23617698

ive been staking since the start and made 1 eth from my 2 eth. still holding and waiting for whirlpool

>> No.23617719 [DELETED] 
File: 17 KB, 640x640, B0ND.jpg [View same] [iqdb] [saucenao] [google]
23617719

>>23614935
A scam? Who knows. Waiting for Bonded and that's it. Get rugged

>> No.23617740

>>23617554
unn.finance (the only useful thing coming out this year)

>> No.23618163

when are they gonna make a club penguin silver surfboard NFT

>> No.23618536
File: 34 KB, 500x500, 20200723_214649.jpg [View same] [iqdb] [saucenao] [google]
23618536

Could the fucking website work so i can stake my goddamn LP token i'm losing so much potential profit REEEEEEE

>> No.23618739

aaaaaaaaand were back.

Hotbit listing, coingecko and cmc in 1 day should be an indicator for this project imo.

>> No.23618752

>>23618536
it works for me, clear your cookies

>> No.23618886

>>23618752
Yeah, it worked after a while

>> No.23618986
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23618986

>>23617431
thanks anon, i've staked my SURF