/biz/ - Business & Finance

Previous thread:>>20866426
New thread due to too many comments
Same OP
> dev traces back to ETH genesis wallet with thousands of ETH in transactions
> highest volume on Unswap reached in less than 15 hours
> CT is all over it
> rebase incoming tonight
https://www.antiample.org/
while ampleforth tries to act like the fucking FED by increasing and decreasing supply of their shitty stablecoin.
Anitample only decreases its supply if the price decreases

Rather than attempting to recreate traditional financial structures on the blockchain, we should be developing structures that serve as their antithesis. Otherwise, the same problems inherent to the modern financial system will only be replicated once again.
We are seeing this happen in the crypto space already. Projects are no longer deemed interesting without the backing of top tier VCs. Speculators clamor at news of big banking institutions and governments allowing their technology to operate within their system. Is there no more dignity to the crypto movement?
Antiample is an ERC20 token on the Ethereum blockchain. Unlike a regular ERC20 token, Antiample has a constantly reducing supply. Holders of Antiample own a portion of the total supply of the token rather than an amount of Antiample themselves. When the value of 1 Antiample token decreases, the supply is decreased by at least 1%. This causes each Antiample to be worth more.
While Ampleforth issues more tokens based on supply and demand, we constantly destroy it. Cryptocurrency was born on the concept of deflationary assets. Antiample takes this concept to the extreme.
How will the free market behave? How will traders react to a constantly reducing supply? Who knows? What are the limits of our current concept of what a financial system is

only available on uniswap at the moment, will be listed on huge exchange in the coming months https://uniswap.exchange/swap/0xf911a7ec46a2c6fa49193212fe4a2a9b95851c27

this is your only chance to make it