/biz/ - Business & Finance

Staking will be released today!

Only previous thread I could find:

>>23241421

After a dry 1.5 week we've finally managed two rebases:
2020-10-23 09:09 6.98%
2020-10-22 21:03 12.52%

It's finally climbing back up! There's more coming tho - xETH 2.0 will be released somewhere in the next couple of weeks.

xETH 2.0 shortly summarized (it’s everything xEth is but much, much, much better):
>Automated Price Reactive Lag Rate -- It is a rate in which the lag automatically changes reactive to the price of xEth, taking into account psychological aspects of price, selling pressure & price pumps. This is a huge step forward to decentralisation!
>Automatic Price Reactive Burn Rate -- An automatic burn rate is just like the lag rate, but it’s how much of the transaction is burnt on sells (not buys!) so this is our mechanism in response to other projects negative rebases (+taxes).
>Mechanisms to drive above peg -- To top it all off we are working on an automatic mechanism to drive us above peg.
>Audit (huge imo) -- The code will be 100% audited by a 3rd party auditing company (yet to be selected but we have an idea of who).
>Marketing, community massively involved.

Personally I believe xETH 2.0 will be big if the audit is clean and when the mechanisms promised will be delivered.

TG: t.me / xplosive_ethereum

>>23237481
Welcome!

xETH is at a discount as we speak, 6.79$ is an awesome price to jump in.

>>23027584
>It could go either way anon.
I hope we can stay around 20% rebase to be honest, calm things down a small bit.