/biz/ - Business & Finance

>>23005064
>Dev wallet burned has of its inflated funds and will do it again in the future if needs be
Dev wallet burned half of its inflated funds*
One day. One day I'll be able to phonepost without spelling mistakes.

Actually, I'll make use of this opportunity to shamefully self bump and post the proof that they did burn tokens. Compare pic related to today's etherscan balances for xETH.

Pic related is the plan for the liquidity staking rewards. The received tokens aren't eligible to the rebase, but the rewards stay constant no matter the price of xETH. As it's very likely for these juicy rebases and the price to retrace after this initial hype, this ensures a stream of income so to speak if you believe in the long term of the project.
This will also help in preventing wild price swings, certainly adding to the buying pressure for investors who'd feel safer getting in. However, it might also allow for BIG wallets to sell. I hope everything will turn out well.

Now that I'm done with the boring pictures, time to get that thread back on track. I'll bump it periodically with the good stuff.

It's funny. I've been trying to tell /biz/ about xETH daily for almost a week now. I like to think that people who bought after my thread on September 28 are currently in unrealized profit, or maybe already sold. For once that I actually talk about and endorse something that pumped. And still, these threads have a daily average of 5-6 posters at best. I hope that lurkers and fappers both managed to get something positive out of my efforts.

bump

>>23005429
Now this is what I'm talking about, anon. Thanks for the bump!

>>23005495
Just doing my part

>>23005559
Appreciate the contribution, anon.

>>23005064
Hey - let's keep it up for 12 hours, same as yesterday hehe.

>>23005625
I pray that this time we'll see more people participating, it'd be fun.

>>23005666
Where do you find these anon? The res, dayum.

>>23005738
Source is literally in filename, anon.
But I usually rely on Pixiv, Boorus, yande.re and sometimes /h/ or /e/ if I want to lookup fanarts or coom. Sometimes, I also count upon Twitter nip artists. I actually make sure to save the stuff I love because you never know when an account can get taken down for some unsure reason, especially with Japanese people. It's like when they grow up they become ashamed of their drawings and try to destroy any possible remains of their lustful days.

I unironically hope for NFTs to become the next meme crypto bubble and to succeed for this reason. I don't know if I should convert some of my USDT into WAIF

>$14
Yeah, it looks like people really love xETH.
I hope I contributed in any way if people bought thanks to my threads.

>>23005429
>>23005429
>>23005495
>>23005559
>>23005581
>>23005666
>>23005666
>>23005738
>>23005811
>>23005831
>>23005859
>>23005924
>>23006001
>>23006144
>>23006242
jannies you niggers do your fucking job

>>23006320
you're ngmi anon

>>23006320
Something the matter, anon?
Nothing remotely NSFW has been posted ITT. Well, almost.
Sad you missed a pump when it was right in front of your eyes this whole time? Or seething because you can't handle some erotic stuff?

Do you happen to be American?

REBASE MY FACE

anonymous team? What the fuck?

>>23006409
Rebase happened?
>>23006423
Yes, the team is anonymous.
See this article here : https://medium.com/@xethtoken/announcing-xeth-presale-details-18854e7d5016

"Sarah", "Chris" and whoever else is part of the team aren't using their real identities.
We don't have a track record, we don't have LinkedIn profiles, we don't even have a fucking Github to see what they worked on in the past or anything to give them legitimacy.

So far they only showed their good will, by reimbursing a guy who got hacked and by burning half of their funds on Friday as proposed. Nonetheless, if they exit scam in December after their tokens get unlocked or the project fails for whatever reason, we can't hold anyone accountable.

>B-b-but it's DeFi so the point is anonymity!
Is what some shills and moonboys retard will tell you everytime you bring this up.
Nah. This is a legitimate concern anyone should have. I still bought despite that, but I won't kid myself into blindly believing in people who cannot put their name or at least their reputation at stake for a project.
I don't even fully trust in actual companies or named developers, but not being anonymous is a small vow of commitment and legitimacy that is always welcome.

Also, the price dumped back to $12.

>>23006550
>by reimbursing a guy who got hacked and by burning half of their funds on Friday as proposed
As promised*

Bump.

$13.14 is the current price. I hope that the staking platform for liquidity will be available soon. I love seeing the price pump but I'd rather have a stable growth over time.

as long as it's growing i'm content with it

>>23007723
> I love seeing the price pump but I'd rather have a stable growth over time.

This won't continue forever - something will happen soon. If not, well ..not complaining gaining 4/5 ETH every night with these rebases.

>>23007854
>_p0_master1200.jpg
>thumbnail instead of the full res pic
just passing by to say you're gay

>>23006320
NGMI

>>23006320
jannies are degenerate filth, they're like kikes except stupid and penniless

>>23007874
AAAA - FUCK, excuse me anon.

>>23007854
I agree. Hopefully, the hype bubble will pop around $20 or a little higher.

Jesus

>>22856257

To think that the price was at $5 or so not too long ago.
I can sleep with a clear conscience. If I see people complaining about shilling their bags near the top, I'll remind them that I actively tried to make people aware. Daily, at that. I hate being the guy to rub salt in the wound, but it was literally here for everyone to see.

This is crazy.
It's highly likely that we'll see at least a 30% rebase starting from 00:00 UTC. One third of your stack, if you bought. In no way this is sustainable as some anons and myself surmised.
Still, a net 30% daily increase override the risk of the price dumping afterwards. The hype is there. People are buying the dips when you think it's finally time for the price to retrace. Two days ago, there were 590 holders or so. Now it's nearing 860. Volume is increasing. It's literally and unironically mooning, yet I have to bump the threads with only 3 or 4 other anons at best.

I pray that lurkers got a bag themselves.

>rebase is in
based

>>23008894
>yet I have to bump the threads with only 3 or 4 other anons at best.

We support eachother my fren. What a juicy rebase that was aye?

>>23005252
>>23005859
>>23006144
>>23007181
>>23007607
>>23007723
>>23008344
>>23008800
Hnnnng. I'm saving these diamonds.

>>23009475
Oh yes, trust me I loved that rebase. And the price didn't even fall lower than 30%.
To think that I bought on September 21 thinking that I'd sell 3 or 4 days later, but I ended up holding. I'm genuinely happy right now, anon. I wish /biz/ could take part in this as a whole too.
>>23009564
You're welcome! Enjoy the sight as much as you can.

>>23009649
>And the price didn't even fall lower than 30%.

I am somewhat scared of what's coming - how can this ever continue? Imma just take 70% of my rebase everyday and turn it to ETH or I can't sleep lmao.

>>23005064
Genuinely love your threads anon

>>23009715
You did good by selling if you did, anon. Every single cell in my body has been telling me to sell since we went above $10, but greed is keeping me away from doing it. I could sell for 19 ETH right now, and look away. But I fucking can't.
This probably is a sell signal. I think I'll wait until next day's rebase before selling a small portion of my stack. With the next 30%, I'll sell what will be equal to at least x1.5 my initial daily. I don't think it will last for more than 1 or 2 days, but the profit realized will be massive.

Right now the price is dumping to $11 and its likely it will dump to $9 at this rate. But I can't sell. Not right now seeing as there's more announcements coming, and all.
>>23009820
I'm happy you like them. I try to provide even for people who don't buy.

>>23009844
> but greed is keeping me away from doing it.

This - it's starting to feel unreal.. I hold like a small thousand xETH and gaining so fucking much?! I have sold some portions though or I wouldn't be able to live with myself if this somehow crashes to the ground.

>>23009844
>I could sell for 19 ETH right now,
I could sell 3/4 of my stack for 19 ETH right now*

>>23009844
i am in the exact same position as you almost right down to the value of my stack.

i just can't sell. i know im being greedy.. but you canfeel the moon coming too cant you anon?

>>23009886
> Every single cell in my body has been telling me to sell since we went above $10, ..

I've never had this much greed running through my veins anon, what the fuck.

>>23009958
>but you canfeel the moon coming too cant you anon?

It's not the moon it's 20%/30% rebase for a week or two.. or three.. AAAAAA

>>23009958
I can feel it. It's nowhere near gone. Reminder that LP-Staking isn't available yet.
The devs could very easily burn another portion of their holdings if their wallet grow too big again.
Marketing hasn't even started, it's supposed to be in action starting from tomorrow. Fuck I'm starting to think like a moonboy but the future looks so green and bright I just can't help being greedy.
>>23009959
This is amazing. This has gone beyond my expectations. I'm unironically salivating right now in between the girls and the profits

>>23010009
>This is amazing.

These threads are the best ones I've seen in a while anon. Let's keep this rolling for another 2/3 weeks.

>>23010029
Trust me if it manages to pass the test of time weeks you bet I'll be here, still doing my best to tell other anons both the advantages and the risks.

>>23005064
More anime grills

>>23010119
You ask, I deliver anon.

>>23010070
Awesome, I am here with you anon. If we hit weeks on xETH - we might have hit the jackpot fren.

>>23010160
Anything could happen. I hope it'll be worth the ride.

Bump.
Basically, now people are more than aware of how great this is compared to AMPL since xETH doesn't know the meaning of negative rebases, even if it's a little overvalued considering it's x3 above the peg.
I believe there are reasons to be a little more greedy and bullish for the near future before things settle down :

>contract and code remain unaudited, imagine the hype when we find no vulnerabilities
>"manual trigger rebase bug" status remains unverified, will hopefully be fixed
>LP-Staking providing more liquidity and stable rewards coming soon™, giving a sense of security for new buyers who will think that the price won't fall that much lower allowing for bigger rebases if people hold
>Marketing is in the works and coming soon™

Now here are reasons as to why you SHOULDN'T let greed take over and actually SELL. SELL A PORTION OR AT LEAST YOUR INITIAL RIGHT NOW :
>Code remains unaudited
>This is likely not sustainable, but two days ago people thought the same thing yet are we are
>More liquidity added will probably allow BIG WALLETS to sell more, thus we'd better pray for the buy pressure to compete especially against the massive inflation right now
>Euphoric sentiment right now, at least on my part - buy when others are fearful, sell when people think it'll go on forever
>Team didn't fix the manual rebase on time

To add : the fully undiluted mcap was sitting at $13M only yesterday, now it's $26M.

Circulating mcap is at $5M, however. Do what you will anons, I'm not sure myself what the proper course of action would be other than at least securing your initial to be safe.

Bump.

I should have listened to my own advice and sold a little amount. Price is back to $10, without the volume to back it up, for now at least.

>>23010251
I bought lend and ren instead of this because of the xETH holding distribution... I shouldn't have, I guess
>>23011632
how do i get these anime girls to take me to kleros court -
You know, it's like a defi shitcoin but with a price floor, so it never goes to zero. And the changing supply helps create volatility which is exciting to some people.

>>23011808
>You know, it's like a defi shitcoin but with a price floor, so it never goes to zero. And the changing supply helps create volatility which is exciting to some people.
I've seen this supply and rebase strat on other coins to like xBTC and even LINK, some do well and other don't?

>>23011808
>You know, it's like a defi shitcoin but with a price floor, so it never goes to zero.
I hope that it won't go below the peg like AMPL did. Not now, at least.
>>23011859
Why did you reply to yourself? Also, I've been having a look at xBTC lately. I'm getting more and more tempted to grab a bag as well, since its usecase is less cloudy than xETH's.

Bump.

>>23012335
What do you think about waifu nft tokens?

>>23012530
I believe I actually shared my views on the matter in a post above, anon. Eyes on the text!!

To reiterate, I unironically wish for a future where NFT waifus, fanarts etc. could be traded and certified on the blockchain. It would especially help in conservation in my opinion I believe, imagine if people were to auction your drawing of an anime girl in a skimpy outfit. At least Japanese pixiv artists would think twice before shutting down their accounts on random notice.

Also, price is back to $12. I'm really a bad market or sentiment analyst.

>>23012612
How does that work with rightclick saveas? It seems like most of the early waifu nft projects haven't done well, developers leaving etc.

>>23012800
>How does that work with rightclick saveas
To add, the only thing that makes sense to me is the artist selling the "original" which could also be digitally signed (maybe with a picture signature) from the artist. Then someone can claim to have the original art while the rest of the waifu pictures are copies or derivatives. Any other ideas? Artificial scarcity by itself seems like a bad idea.

>>23012800
>>23013027
You actually might be right, and it would even go against what most people on the internet take for granted - information and data. I realize that would basically be similar to ending piracy, but for fanarts.
I agree, artificial scarcity would actually be an extremely bad idea.

Also sorry for the late reply, I'm pretty taken at the moment and cannot bump this thread as often as I'd like to.

I bought 1 eth. If I make my money back after two weeks, I will be satisfied.

Bump.
>>23013367
I hope it'll be sustainable until then.