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

/biz/ - Business & Finance

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23804666 No.23804666[DELETED]  [Reply] [Original]

Here's a brand new defi coin for you degens: JusDeFi. This shit LITERALLY came out of a bunch of /biz/tards hunting down and turning over scammer.

It's a deflationary yield farming token. yield comes from tokens being redistributed from unstaking fees. Stakers can vote for the unstaking burn rate. Rates can range from 0%-20%, with 10% being the initial.

This project was born from the AmplYFI rugpull a few weeks ago. Rugpull victims are getting an airdrop, and the tokens will yield staking rewards, but will not be dumpable on the market unless rebought at the original rate of .25 ETH each. Victim buybacks are used for token burns

>liquidity lock
>contract key burn
>Wyoming LLC
>maximum supply: 32,000
>LE supply: 10,000
>rugpull victim locked airdrop: 10,000
>initial liquidity pool: 10,000
>team tokens: 2,000

discord: yqVxckg
tg: JusDeFiTelegram

>> No.23804778

checked, satan
don't shill this too much though, they burn unbought tokens

>> No.23805017

>>23804666
So the medium article says core+ampl+yfi right?
Also you should have more links in the OP, this project is actual p interesting

>> No.23805186
File: 14 KB, 320x240, jusdefied.png [View same] [iqdb] [saucenao] [google]
23805186

>>23805017
It's like Core except with community-governed burn rates, and you can actually unstake.
https:// jusde.fi/

>> No.23805211

>>23804778
There wouldn't be unbought tokens if it was worth buying... Hehe quiet guys I am not done accomulating hehe *cashes mcdonalds paycheck*

>> No.23805230

https://twitter.com/JusDeFi/status/1325614561270128641

LE extended until Friday

>> No.23805287

>>23805230
RIP in peace, dude.

>> No.23805366
File: 47 KB, 300x300, soismug.jpg [View same] [iqdb] [saucenao] [google]
23805366

>>23805211
>>23805287
>t. accumulating FUDcel

>> No.23805618

>>23805211
Na I think the marketing team dropped the ball until recently, contract is picking up momentum

>> No.23805648

>>23805618
Is it unironically time?

>> No.23805698

>>23804666
Wish they didn't extend the sale. Wanted to see 95% of this get burned LOL

>> No.23805925

>>23805698
That would have been both a blessing and a curse - tiny amount of tokens but small-ish liq pool.

>> No.23806066

5 more days of Rakesh.

>> No.23806113

>>23804666
>deflationary yield farming token
checked satan trips
absolutely not going near this 19th generation copypasta with dirty hindunomics

>> No.23806127

>>23804666
Nobody wants this trash. Go shit on the street instead. It’d be a better way to kill time in your village.

>> No.23806419

>>23806127
My village is a flat in Berlin, and I'm pretty sure this gon' be good, bb.

>> No.23806825

shitcoin, but i pray for those affected to get their moniez back.

>> No.23806855
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23806855

>>23806127
>>23806113
Stay poor retards, this is peek defi. You'd have prolly called chain link a scam at .20

>> No.23807525
File: 205 KB, 433x468, 1603928255632.png [View same] [iqdb] [saucenao] [google]
23807525

Bump because I'd rather see /biz/ make it than street shitting pajeets and chinks

>> No.23807636

>>23807525
>he doesn't know that's 99% of this board.

>> No.23807661

>>23806127
t. lost all his money with leveraged glormph bets

>> No.23807951

>>23807661
NOOO MY GLORMPHARINOS

>> No.23808000
File: 186 KB, 861x877, 1575494091299.png [View same] [iqdb] [saucenao] [google]
23808000

>>23804666
You do realize that most of the people who got rugged by Amplyfi are still here, right? Meaning that they aren't going to buy into the LE because they already have tokens. Meaning that you shouldn't be shilling this here, you should be shilling it to twitter/reddit/youtube/etc.

There's a reason Amplyfi sold out with time to spare while this certified non-scam is floundering and likely won't sell more than 1000 tokens.

>> No.23808410

>>23808000
checked and 4 digits EOY?

>> No.23808438

>>23808000
Yeah and guess what, half the money from their buy ins goes to market buying the coin anyway, bullish desuuuuu

>> No.23808567

>>23808000
Checked wisdom. I agree. I was rugged and it is funny because I would absolutely ape into this if I didn’t already, the tokenomics are objectively great. From a recent interview:
> With most yield farms, by the time most people are ready to cash out, the circulating supplies of the tokens have inflated so far, and so many people have already sold, that their profit has almost completely vanished. In contrast, JDFI staking rewards are not minted, but instead sourced from fees paid by users exiting the system. In combination with the token burn, the result is a deflationary token rather than an inflationary one.
So yeah, this does need to be shilled outside of /biz/. It could do really really well on the tokenomics alone, the rugpull stuff is incidental really.

>> No.23808995

>>23808000
this desu

>> No.23809002

>>23804666
so i buy then they burn JusDefi's? seems like i might wind up being up on this afterall

>> No.23809156

>>23808438
few

>> No.23809338
File: 178 KB, 703x703, jusdefi_smug2.png [View same] [iqdb] [saucenao] [google]
23809338

>>23809002
Yes, there are 3 revenue streams in this project:

1) Heavy unstaking fees being distributed to token stakers. This starts out at 10%, and can be voted on by holders to be between 0 and 20%.
2) Holders are required to spend ETH on rate voting. All of this ETH goes back into Uniswap automatically to buy and burn JDFI
3) JUSTICE fund (10,000 airdropped, locked JDFI tokens distributed to Amplyfi scam victims). These tokens only yield staking rewards to the holders - they cannot be sold until unlocked by paying .25 ETH per token by the holder. Half this ETH goes to uniswap automatically to buy and burn JDFI.

^There's your QRD.