/biz/ - Business & Finance

>>22952397
xETH, as in Xplosive Ethereum will probably make your ETH grow in size over the next week thanks to compounding interest. I'm about to create yet another thread, but if you have the time you can look at the website and read my post right now. Or just save the pics and ignore my shilling like many of you have been doing.
https://www.xeth.finance

It's an elastic supply token with daily rebases pegged to another coin, just like AMPL or xBTC. Its main attractive trait compared to what already exists on the market lies with the fact that there are no negative rebases, only positive ones : they occur as long as the price of xETH remains above 0.01 ETH.

>How is this sustainable?
In an attempt to reward holders and punish sellers, the token also happens to be deflationary, applying a 5% tax to transfers and sells. Buy orders are tax-free.
Notice how I said "in an attempt". It's obivious that there always will be people selling their daily excess, especially big wallets who got in early or who finally felt comfortable with their daily rewards. If the volume were to significantly decrease along with the buy pressure, it wouldn't take long for xETH to crash as there is no real value or incentive besides "muh compounding rebases!!!" - especially with the liquidity that is still low allowing for the price to be quite wild with big orders.