/biz/ - Business & Finance

File: 159 KB, 776x406, definedcoin.png [View same] [iqdb] [saucenao] [google]

/$tg - $Stonk token general/ - Big Announcements This Week Edition Anonymous Wed Jul 1 20:17:59 2020 No.20060603 [Reply] [Original]

>What is STONK?
STONK supports DeFi through providing lucrative balancer pools that include promising DeFi projects. Its purpose is to soak balancing pressure to act much like an ETF indicator for DeFi - all in one token.
>What DeFi coins are in the first balancer pool(Yes first, more pools are being created for optimal returns)?
10% REP, 10% LINK, 20% STONK, 10% LRC, 10% COMP, 10% SNX, 20% WETH, 10% KNC
>What happened to STONK?
STONK and Statera were both victims of a flash loan exploit involving deflationary coins on the Balancer platform - liquidity from both projects were drained at the same time. The Balancer team has stepped up and will be refunding lost liquidity to both projects in the near future.
>How is STONK moving forward?
The same day of the exploit, STONK did a 1:1 transfer from old STONK coins to a new, non-deflationary coin - if you hold STONK, the new STONK token was already deposited to your wallet. Moving to a non-deflationary coin has not only allowed STONK to remain on the Balancer platform (with full 100% BAL returns) without being susceptible to liquidity exploit attacks, but it also broadens the number of exchanges STONK is eligible to be on.
>Is burning/deflation permanently removed from STONK?
Probably not, the team is currently exploring other options like manual burning to remain ERC-20 compliant, however optimal DeFi balancing is the primary objective of the project and not necessarily the deflationary aspect. STONK gains value as the other coins in the balancer gain value, not because a portion of coins are destroyed each transaction.

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]