Quick SHAKE rundown

[Anonymous No.27830850]

Shake holders receive a MILK2 drop every 100,000 blocks, which is about every 2 weeks.

There are 6.9 MILK2 tokens per blocks which equals 690,000 MILK2 per 100,000 blocks.

Divide this among the 569 SHAKEs in supply, and you’re looking at 1212 MILK2 dropped to every SHAKE holder.

At a current price of $3.45, each SHAKE holder would receive about $4000 worth of MILK2 every 2 weeks.

[Anonymous No.27831132]

we are so fucking early shakechads
only reason we aren’t millionaires right now is because gas fees are too fucking high to even buy anything

[Anonymous No.27831214]

>>27831132
Can’t wait for ETH to crash man

[Anonymous No.27831306]

>>27831214
its bullshit like fucking cryptokitties thats clogging up the network
eliminating that steaming pile of dogshit alone would reduce gas by like 40% iirc

[Anonymous No.27832173]

>>27830850
holy shit. this is huge, if I bought a shake 2 days ago how early will i receive the next drop? thanks based shakebro

[Anonymous No.27833557]

>>27832173
I believe you have to wait a full 100k blocks so you would get in on the drop after the upcoming one.

[Anonymous No.27833765]

>>27831306
For real? What makes you think cryptokitties takes up that much?

[Anonymous No.27833907]

I am top20 shakeholder


reality check: 600m marketcap will put 1 SHAKE in 1 milion us dollars

[Anonymous No.27834017]

How can I check the amount of blocks right now boys

[Anonymous No.27834213]

>>27833765
i saw some screenshot of a website that tracks ETH traffic and which dapps have the highest impact. might be out of date but it makes sense that crypto cookie clicker with shitty nft art generation would clog the whole fuckin thing

[Anonymous No.27834606]

>>27830850
So quick recap, cause there is some confusion.
A snapshot is taken every 100,000 blocks (roughly 17 days) then 1% of the minted MILK2 (for this time-period) is shared between SHAKE holders according to the following rules:
< 1 SHAKE : 0
>= 1 SHAKE and <= 4 SHAKE : x1
> 4 SHAKE and <= 10 SHAKE : x4
> 10 SHAKE : x8

Distribution example for 20550 minted MILK2 and 505.57 existing SHAKE (data comes from last MILK2 distribution and current SHAKE holders)
10.04 SHAKE: 749.35 MILK2
4.004 SHAKE: 149.40 MILK2
1.000 SHAKE: 9.3267 MILK2

>assuming assumptions
MILK2 + SHAKE reaches $100 mil mc ($66 mil MILK2, $33 mil SHAKE)
holding 1 SHAKE would yield $480 / month
holding 4.001 SHAKE would yield $480 / month

[Anonymous No.27834642]

>>27834213
sound stoo expensive and too useless though

[Anonymous No.27834783]

>>27834606
They will further incentivice shake, many things are coming for shake alone and I would buy shake before the news gets out. They have hinted this on many occasions in the TGs.
And btw the snapshot is taken every block but only block 100K will give rewards. In other words you need to HOLD shake during that time.

More than one shake will give you rewards, 1.5 shakes will give you 1.5* the reward 1 would.
At 4 and then you get more like you mentioned.

[Anonymous No.27834791]

>>27834017
The next snapshot will be on block 11840000 Starting from this block you need to hold minimum 1 shake during 100,000 blocks to get a share of 1% of minted MILK2 during 100,000 blocks.

https://etherscan.io/

[Anonymous No.27834868]

>>27834791
>>27834606
these guys get it.
Don't miss out on Shake before further reward incentives drop though.

[Anonymous No.27834910]

>>27834642
exactly, i didnt believe it either until i saw that screencap forever ago. alas i dont have it and dont remember which website it was from

[Anonymous No.27834980]

Where to buy without being raped by gas fees

[Anonymous No.27835029]

>>27834980
1inch uses chi gastoken, might be worth to check it out.

[Anonymous No.27835228]

is it even worth it buying a fraction of a shake if you're poor just for coin value itself or should I just resign to a shitcoin

[Anonymous No.27835242]

Do you suggest swapping BAOs for more shake? What’s the recommended amount to own?

[Anonymous No.27835537]

>>27830850
So quick recap, cause there is some confusion.
A snapshot is taken every 100,000 blocks (roughly 17 days) then 1% of the minted MILK2 (for this time-period) is shared between SHAKE holders according to the following rules:
< 1 SHAKE : 0
>= 1 SHAKE and <= 4 SHAKE : x1
> 4 SHAKE and <= 10 SHAKE : x4
> 10 SHAKE : x8

Distribution example for 20550 minted MILK2 and 505.57 existing SHAKE (data comes from last MILK2 distribution and current SHAKE holders)
10.04 SHAKE: 749.35 MILK2
4.004 SHAKE: 149.40 MILK2
1.000 SHAKE: 9.3267 MILK2

SHAKE is hard-caped to 10k
>assuming assumptions
Current prices : $3.5 MILK2
holding 1 SHAKE would yield $65 / month
holding 4.001 SHAKE would yield $1045 / month
holding 10.04 SHAKE would yield $2622 / month

MILK2 + SHAKE reaches $100 mil mc ($66 mil MILK2, $33 mil SHAKE) $25 MILK2
holding 1 SHAKE would yield $470 / month
holding 4.001 SHAKE would yield $3735 / month
holding 10.04 SHAKE would yield $18733 / month

MILK2 + SHAKE reaches $1B mc ($666 mil MILK2, $333 mil SHAKE) $250 MILK2
holding 1 SHAKE would yield $2331 / month
holding 4.001 SHAKE would yield $37350 / month
holding 10.04 SHAKE would yield $187330 / month

[Anonymous No.27835645]

this is legitimately a scam, and you're all really fucking stupid for falling for it. They're just printing you money?

[Anonymous No.27835681]

who here shake maxi?

[Anonymous No.27835739]

I don't think this is true, check the following replies based on the proposals and input of the Community Manager:
>>27834721
>>27835181
>>27835639

[Anonymous No.27835748]

>>27835537
these projected revenue assume the ratio of MILK2 minted and existing SHAKE remain constant.

[Anonymous No.27835783]

The more I look at this the less value I see in holding any milk, it’s just going to get dumped on consistently by people getting their airdrops or farming the shake LP Tokens (the farm return is nuts rn)

I’m dumping all my milk and holding shake only .... am I missing something

[Anonymous No.27835808]

>>27835537
Bro, I asked yesterday about the reward for 1 shake holder and an owner told me about 65/milk2 per month

[Anonymous No.27835916]

>>27835228
Yes if you put it into the uniswap lp pool and farm it on the website . I don’t know what the actual APY Is but the returns are sick rn

[Anonymous No.27836084]

So there is absolutely no point in holding MILK2?

[Anonymous No.27836093]

>>27830850
>shitcoin shillers are so desperate they make disgusting cartoon shit now
lol

[Anonymous No.27836275]

>>27835808
I have made 100 milk in 48 hours staking less than 1 eth worth of eth - shake Uniswap LP

[Anonymous No.27836277]

>>27835783
You can mint a new shake by burning 10k MILK2 (plus 20 every time a new one is minted) this alone will keep the price propped up.

[Yvan No.27836342]

WTF IS THAT???????????????

[Anonymous No.27836364]

>>27835808
like i said, i used the last snapshot for the minted MILK2 and the current number of SHAKE holders. no one can say for sure what you will get, btw 65MILK2 sounds good to me

[Anonymous No.27836384]

>>27836275
Can you provide me exactly the amount of shake you are staking now? We’re so early I almost cumming in my pants

[Anonymous No.27836414]

>>27836364
I'm pretty sure the distribution is probably this >>27836323

[Anonymous No.27836500]

>>27836084
MILK2 is used to interact with the DAO, look for yourself on their website.

[Anonymous No.27836531]

>>27836084
milk2 can do a lot more than shake

[Anonymous No.27836762]

>>27836414
>1% of the minted MILK2 (for this time-period) is shared between SHAKE holders according to the following
all the shit i posted is detailing this 1%. i did it because i could not find any clear explanation in their doc.

[Anonymous No.27836799]

>>27836275
Yeah same... I put in $250 in staking on tuesday, already made 150 milk. *current of 3.5 = double my investment
Now granted thats double from buying at 0.4, which if I had just held onto the milk would have been 10x, instead of 2x

[Anonymous No.27836822]

what can go wrong with farming? Can I somehow lose money on it?

[Anonymous No.27836859]

>>27836531
>dao
>inflate
yeah ngmi
get rekt once they tell everyone that shake is getting the dex fees.

[Anonymous No.27836940]

>>27836822
never.
You can lose profit but never have less.
look up "impermanent loss"

[Anonymous No.27836974]

>>27836384
500$ of weth with equivalent value of shake staked Feb-04-2021 09:09 am

I’ve made $400 in milk already BUT that is also due to the price of milk going up since then

It has the APY on the farming section of the website last I checked weth-shake was like 600%

[Anonymous No.27836986]

>>27830850
Volume is dying out SHAKEbros, my dopamine is running low. I believe in the project so much, but I won't be able to handle seeing it drop to 8k after it reached 17k today...

[Anonymous No.27837013]

>Sold at the peak yesterday after 5x gains
>Used gains to increase my GRT stack
>Suddenly GRT rises by 20% today
I'm comfy former Shakebros

[Anonymous No.27837101]

>>27836986
it will never drop that low again
without fail, shake pumps when europoors wake up and bleeds out to a new, higher price floor until they go to bed

[Anonymous No.27837127]

>>27836986
Gas fees have gone nuts , will put a lot of people off

[Anonymous No.27837133]

>>27836275

with current gas fees im literally looking at trading 0.01 eth for 0.0015 shake just kill me

[Anonymous No.27837331]

>Cheapest NFT is sold out

Welp. Hope you guys managed to get it. Only 3 left of the 2nd cheapest. You can stack them for extra multipliers, too.

[Anonymous No.27837749]

>>27837331
>Welp. Hope you guys managed to get it. Only 3 left of the 2nd cheapest. You can stack them for extra multipliers, too.
quick rundown? im trying to understand the nft game myself

[Anonymous No.27837770]

>>27836762
I looked at their FAQ again.
Right now only 6.9 MILK2 tokens are generated per block as in to counter inflation.

This means 690'000 are generated per 100k blocks.
3% of 690'000 = 20'700 MILK2
1% of 20'700 = 207 MILK 2
207 / 569 = 0.36
0.36 * $3.5 = $1.26

These are my calculations if all holders had 1 SHAKE which is obviously not true, but just for sake of simplicity.
SHAKE holders get 1% of the 3% of all minted MILK2.

[Anonymous No.27837830]

OMG NO NO
THIS FUCKEN NIGGERS TRY TO WIN THIS THREAD WITH THEIR DUMP
DON’T BE AN IDIOT WHO BELIEVES THEM

> I AM GENIUS ENOUGH TO USE PLAYCENT AND DON’T VISIT THE TRASH THEY ASK TO USE

[Anonymous No.27837891]

>>27837770
your math is wrong. it's not 1% of 3%
it's 1% of total. confirmed in tg room

[Anonymous No.27837999]

>>27837891
You sure?
Because the screenshot I posted he said 3% of the total goes to the SpaceSwap team and 1% of that goes to SHAKE holders.
97% go to the farming pools.

[Anonymous No.27838264]

MILK2 has more rewards down the line for it when the DEX comes out.

[Anonymous No.27838356]

>>27837999
they're just not good at english. theyre estonians and slavs and some chinks too

refer to>>27838264

[Anonymous No.27838482]

>>27837770
that's 3% of 1% ? yeah that's way less then...

[Anonymous No.27838538]

>>27838482
it's wrong.

see >>27838264

[Anonymous No.27838688]

>>27838482
The math is wrong, it should be this:
This means 690'000 are generated per 100k blocks.
3% of 690'000 = 20'700 MILK2
33.33% of 20'700 = 6899.31 MILK2
6899.31/ 569 = 12.12
12.12 * $3.5 = $42.42

>>27838264
I have no idea at this point, might just wait for the block reward at this point to be completely sure.

[Anonymous No.27838896]

>>27838538
ok thanks.
top holders, first 2 are uni lp.

[Anonymous No.27839063]

>>27838356
True, at this point I don't even know if I should trust their infographs...and quite honestly I find the payouts outlandish, my corrected math in >>27838688 seems a lot more feasable (economically).
I'll just stay away from this and wait for the first payouts to exactly figure out how it works.

[Anonymous No.27839123]

>>27830850
why does Coingecko say total supply is 10k but circulating is 559?

Also I can't believe I passed on this and bought MILK2 when it was $2k

[Anonymous No.27839149]

>>27838688
yeah but you didn't factor the multiplier in the equation. also, apparently the number of milk2 generated diminishes over time.

[Anonymous No.27839220]

>>27834791
So I get nothing for the first two weeks, only after the next 100 000?

[Anonymous No.27839273]

>>27839149
Didn't factor the multiplier for simplicity sake, as in pretending there are 569 holders and each one has 1 SHAKE.

[Anonymous No.27839933]

So the only value shake has is "haha number go up" like cmon 50 bucks/2 weeks for someone owning a 15k token is absolutely nothing. The milk2 distribution seems completely pointless right now

[Anonymous No.27839951]

>>27836986
I've wanted to buy MILK for a couple of days, but gas fees are too high. 100+ $ per transaction is insanity.