/biz/ - Business & Finance

>>20144444
Holy checked. I’m buying now. Kek is among us.

>>20144444
quints

OY VEY

>>20144483
>>20144493
He has spoken.

>>20144444
yes sir, I shall buy immediately sir.

>>20144536
Look at the website faggot. Looks really good to me, I don’t usually mess with low cap shitcoins, but they got something going already for sure

>>20144444
liquidity is really tiny.

>>20144590
Yea that was the first red flag for me. Hopefully it’ll grow and if so I’ll consider putting more money into it. Threw $30 for the hell of it, we’ll see where it goes from here.

Can someone explain add liquidity to me? Do you lose your coins if you decide to add liquidity to the coin? I want to earn the fees but don't want to lose my coins? When you add liquidity to the coin, you're putting your coin for sale right?

>>20144647
You’re essentially locking in your value of the tokens in return for providing liquidity. You get transaction fees for doing so, but the value can go down in comparison to holding in the case of a massive price increase.

>>20144750
Basicly you are shorting it.
You profit if the value doesnt go up.

Is this correct?

we gettin rugged?

>>20144750
So if you put 1000 of said coins in there for liquidity, if price increase 50%, you get less than 1000 back if you decide to stop providing liquidity?

>>20144914
No.

Providing liquidity is buying a share of the pool, equal $amount of both coins. Then you get 0.003% of the fees for the duration of your liquidity in the pool. When you withdraw your liquidity, you get equal $amount of both coins. Whether you get out more/less/same amount of coins compared to what you put in The pool, is not on your hands. It's determined on the swap orders while you provided liquidity. You get back less of that coin that other people wanted to buy more from the pool.

>>20145243
0.3%

>>20145243
Very informative. Thanks. So what do you think? It's better to provide liquidity or keep holding?

>>20145074
Doesn’t look like it, however I don’t know how much this will go up, just a waiting game. Website alone looks like too much work for a simple scam, id say the best play is throw whatever you’re comfortable with losing in and riding the wave

>>20145243
Well, if you assume adding 1etherum and 100 Shitocins and that eth doesnt move much, but the Shitcoin does.


If the coin doubles. And you remove, you do not have 3 eth.


You always "lose money" in the sense you could have made more were you not to add the liquidity to the pool.

I see it has a shorting in that sense.
IF the coin goes down you keep your money + fees.
IF coin goes up, you lose out on the gains

Annnnnd It's dumping.

>>20145346
>$82 liquidity
its over

>>20145540
Actually you lose if the price ratio of the coins moves either way. It's called impermanent loss. Your theoretical max gain is that 0.3% of volume while providing liquidity. The more the prices depart from each others, the bigger the impermanent loss.

>>20144444
etherscan.io/address/0x70a63225bcadacc4430919f0c1a4f0f5fcffbaac#code

Contract looks legit. It certainly wasn't made by any contract generator.

>>20144444
>>20144483
>>20144493
>>20144518
>>20144536
>>20144590
>>20144647
>>20144914
>>20145243
>>20145317
>>20145540
>>20145746
>VEY is trading on the cryptocurrency exchange STEX which is the only exchange where we are currently listed.

I can confirm this is untrue. The token on uniswap is the same token on STEX. Same contract and all. They appear to want us to only buy on STEX though. Any reason why?

>$0.0005
>$0.0012
>$0.0018
>$0.0032
>$0.0030
>$0.0012

This kind of volatility is the stuff of nightmares. Oh ma gawd.

>>20144444

This just turned my $25 worth of ETH into $7.

>Buy high, Sell Low
I follow the biz way

God damn it so I sent $100 in btc to stex and you can’t trade until verified and their fucking selfie camera won’t verify my identity. I probably can’t withdraw my BTC either now. FUCK YOU FAGGOTS

What a joke UGH

>>20148782
>selfie identity verification
is there anything more cucked