/biz/ - Business & Finance

This is the dip

Don't think anyone will ever use this but still think it will moon. Holding to $10

ooh, what the fuck was that?

what the fuck was that, bros?

Tezobros, $3.00 waiting room reporting in.

who's here smart money?

REEEeeeeeeeeeeeeeeee

financially..

The "heading to Mars" late night edition

What a beautiful night anons, congratz to all and hope all you mutha fuckaz make it

When is this shit going to do something? It's as boring as LINK

whos here smart money

Thread about Tezos $XTZ and upcoming supply crunch relative to increasing demand.

This could be a big deal.

Staking in Tezos
Staking is called "baking" in Tezos. You can earn ~6% XTZ / year. 70+% of XTZ staked. Most users delegate to a baking service and pay a % fee on rewards (5% - 25% fee), like using a mining pool.

Baking Service Economics
Bakers put down a deposit and then users can join their service. "Capacity" is limited to ~8x your initial deposit. This means if you have more than ~8x XTZ worth of user funds using your service, there are not enough rewards to go around...
...meaning users (and thus bakers) miss out on revenue. Only way to capture this otherwise missed revenue is add more XTZ to your initial deposit.

Exchanges Getting Involved
Coinbase launched a baking product recently. Binance, Kraken, et al. will follow. On-chain data shows demand for baking is steadily increasing. Exchanges must own a large initial deposit and are thus long XTZ.

Coinbase and other exchanges must buy millions of XTZ and they are naturally long. User demand for baking is increasing and baking users are long as well.

Small Available Supply
70+% already locked up in baking. The trading volume on Coinbase is ~$7 million / day. New issuance for XTZ is ~$40 million / year which mostly goes to bakers who are long. There is simply very little available XTZ for selling.

The bottom line is this - people need to buy and hold a lot of XTZ to earn revenue through baking, which is growing in demand and profitability.

Anyone here taking profits here?

Should I sell some? Thinking of selling 20% of my stack here

Sell now or get reckt

Bag size: 40k XTZ
Entry price: $1.22

I have no idea what Tezos does but it looks like it's gonna start melting faces and I only wish I could afford more

The "congrats to the hodlers, weekend" edition

>https://www.coindesk.com/tzero-tezos-foundation-to-tokenize-500-million-in-uk-real-estate


>https://www.publish0x.com/publish0x-posts/tezos-ecosystem-evolves-nyx-standard-equisafe-nomadic-labs-a-xjykwz

>https://cointelegraph.com/news/france-to-test-its-central-bank-digital-currency-in-q1-2020-official

you better have a stack ready because Q1 is gonna be a wild ride.

who's here smart money

https://cointelegraph.com/news/france-to-test-its-central-bank-digital-currency-in-q1-2020-official