DAIQ - Daiquilibrum

[Anonymous No.26218911]

Previous threads: >>26200396
>>26190151
>>26163728
Maybe the real peg were the friends we made along the way.
Website: https://daiq.io/
Dextools: https://www.dextools.io/app/uniswap/pair-explorer/0x26b4b107dce673c00d59d71152136327cf6dfebf

DAIQ is an algo elastic supply "stablecoin", working in a similar way to what AMPL, ESD/DSD, ZAI have been trying in the past with a new coupon system and a way for holders/gamblers to actively participate in making the price go back up to its supposed peg of $1. Check this video to see how the whole concept works: https://www.youtube.com/watch?v=0ww5zvvphX0

TL;DW
>if DAIQ > $1 = supply increases and goes to holders wallets
>if DAIQ < $1 = no rewards anymore, but holders can choose to buy coupons by burning their tokens, reducing the supply and betting on DAIQ going back up to $1

You can then redeem said coupons to get your tokens back with a bonus once DAIQ is back up to $1 or even higher, depending on the risk you took by creating the coupon.
DAIQ has been crabbing near 15 cents in the past three days, so you can understand that you have more or less a x7 until it reaches $1.

BUT. This is not without risks, including the following but not only:
>anonymous team
>no real value beyond muh rewards when DAIQ > $1
>the concept only works when there's enough volume to keep the cycle going
>if buy pressure and volume die = DEATH
>DAO/governance/community-driven buzzwords
>only incentive to buy below the peg is thinking that others will also see the value in doing so, WHEN IT'S NOT GUARANTEED TO GO BACK UP
>burning your tokens for a coupon is basically betting on the price going back up to $1 with your stack as collateral
>risk that can be deemed unnecessary for vanilla holders who can just wait for their bags to appreciate in value
>sell pressure can be massive on the way up due to burned buyers above $1 waiting to cut their losses and excess DAIQ waiting to be dumped
>ANONYMOUS TEAM

Copium coming up in next post.

[Anonymous No.26219104]

Despite the risks previously mentioned, all it would take for the price to rise and people to get greedy is exposure. A few days ago, a simple pajeet AMA took DAIQ straight up above .25, even if it was short-lived. Meaning if we're to go by the words in pic related, the future looks green for the token and we might reach the peg sooner than we thought especially with the funds the team has allowed for said marketing. Fingers crossed, be sure to read and think twice before buying, and keep in mind at all times that no matter what the code says you're dealing with an anonymous team. Expect the worst at all times.

[Anonymous No.26219269]

>>26218911
did you buy this and get burned, sorry dude

[Anonymous No.26219532]

>>26219269
Finally a quick reply. As I've said time and time again, my entrypoint was slightly above 10 cents. My reasoning for buying at the time was "well, there's clearly blood in the streets so right now is the time to buy" when I knew the bare minimum about it. I since then did my due dilligence and started shilling since January 16th, I believe. I can't put myself in the shoes of those who bought above $1 or .50 even, but if there are any around they should thank me for this free publicity.

However I'm not deluded enough to think this will magically pump. DAIQ has nothing really solid to push it towards $1, except for greed. You need more retards like me to think "oh, it's a stablecoin so it'll go to $1" in order for the pump to happen in the first place. Hopefully the marketing campaign will mostly target pajeets and newfags on telegram.

[Anonymous No.26220106]

I'll see to it that this thread doesn't die.

[Anonymous No.26220662]

>>26219532
yeah I got in at .05 at the bottom because I saw it crashed heard it was a stable coin and thought why the fuck not

[Anonymous No.26220850]

>>26220662
Honestly right now though it looks like a 0.15 stable coin more than anything else. If only they wouldn't have taken the dumb name of DAIquilibrum. Maybe the governance system could have been useful to have poorfags vote for a dynamic peg system in order to suit the market conditions, I don't know. No actually after second thought it would be an extremely bad idea

[Anonymous No.26221354]

It actually looks pretty amazing

[Anonymous No.26221852]

>>26221354
Isn't that right? I feel bad for people who are in the red holding this but from this POV, the road doesn't look so bad.

[Anonymous No.26222823]

Bump

[Anonymous No.26223665]

Yet another bump