/biz/ - Business & Finance

[Anonymous No.19899565]

You didn’t panic sell, did you?

[Anonymous No.19899591]

Still holding mine :)

[Anonymous No.19899645]

Dude in the discord was throwing a fit about how he wasn’t made aware of the liquidity mining and the uniswap reveal and how the only way he could get cheap bags is to FUD. Some people think it’s overvalued. I say you haven’t been paying attention. I wish I had known about liquidity mining beforehand, but it’s better late than never. More and more people are going to utilize balancer going forward. Statera was the smoke. Balancer is the fire.

[Anonymous No.19899713]

>>19899645
Yeah there is fud going around. I bought some and will just hodl it for a little bit. From my understanding they have only handed out 400k BAL to 1000 wallets. Obviously its not an even spread of 400 BAL to each wallet but still. I know the circ supply says 6mil something. But i think its less. If this is going to beat out Uniswap and other DEXs, then the big guys need to hodl their BAL to be able to vote ;)

[Anonymous No.19899721]

still holding OP

[Anonymous No.19899744]

>>19899713
Thanks for providing these numbers. A lot of reeeeee’ing about how some people bought it for much lower and... really? You can say that about anything.

[Anonymous No.19899813]

>>19899744
Yeah. As far as i know. The cheapest price was $6.something . Idk if there is even price discovery or whatever you call it yet. But hey its been floating around $15 to $17 for awhile, so that is good. If BAL goes to half of COMPS mc. BAL should be around $40+

[Anonymous No.19899871]

I bet we go to rank 4 and possibly even Rank 3

[Anonymous No.19899921]

>>19899871
it's easily going to jump to #5. probably by tomorrow

[Anonymous No.19899979]

No sir, this is about to suck all the liquidity out of uniswap. Get the fuck in here

[Anonymous No.19900280]

I thought I was a goner

[Anonymous No.19900293]

2bn total marketcap.. you guys are low iq morons

[Anonymous No.19900374]

>>19900293
Where are you getting that number anon?

[Anonymous No.19900456]

>>19900374
Smoked a fat bowl of hopium

[Anonymous No.19900476]

>>19900293
Sorry, Rajneesh. This isn’t your run-of-the-mill Mickey Mouse pump and dump.

Current Price @ 18.34
650m fully diluted mcap
90m circulating supply mcap

https://etherscan.io/token/0xba100000625a3754423978a60c9317c58a424e3d

[Anonymous No.19900482]

>>19900456
Well pass that shit boss man

[Anonymous No.19900491]

Yes I did

[Anonymous No.19900515]

>>19900374
>>19900456
That's it's fully diluted mcap right now

[Anonymous No.19900578]

The practical use cases for Balancer pools haven’t even begun to scratch the surface of what’s possible. Do you realize how many unishit scamcoints are going to use this going forward? How many legitimate use cases there will be for private and public use? It’s a lot more straightforward than other DeFi projects and really gives people the ability to do with it what they please.

[Anonymous No.19900624]

>>19900578
Yeah it would be nice if you NEEDED BAL to start a pool or to list your coin onto Balancer ;)

[Anonymous No.19900632]

*blinks*

[Anonymous No.19900630]

ooo goys

[Anonymous No.19900642]

>>19900578
This shit will be obsolete with BNT V2 release next month

[Anonymous No.19900656]

>>19899565
I dumped for more DMG. How did you know?

[Anonymous No.19900661]

>>19900578
can you elaborate on this a little bit? i understand the balancing aspect that you can mix pools of coins, but why is that an advantage over uniswap?

[Anonymous No.19900754]

>>19900656
Nothing wrong with DMG. Rising tides and all that.
>>19900661
Say you’re the kind of person who religiously believes in chainlink and is NEVER FUCKING SELLING. Why not daisy chain your tokens to another token that tickles your fancy? Maybe a stable coin? Maybe other oracle tokens? Maybe a bunch of deflationary shitcoins? The ski is the limit. Maybe find a pool that already exists? You can crease your own hedge fund, so to speak, where your portfolio will “balance” itself out over time to mitigate the risks of one coin completely shitting the bed and you finding yourself at a massive loss within a matter of hours. Obviously, the bigger the pool the less risk associated. You’re going to start to see a lot of threads in these coming days of anons inviting you to join their balance pool and you’ll have a myriad of choices available. This is something that’s been available for a while now, but the creation of STA (and STONK) have really turned people onto the idea. Pretty soon a shitcoin won’t launch without a balancer liquidity pool of sorts (muhhhhh Thanos). The trick is having a big enough of a stick to swing around to make it worthwhile, otherwise, you’re not really curbing the volatility.

[Anonymous No.19900779]

>>19900661
In regards to it being a direct advantage offer uniswap... they are complimentary tools. They do different things. But a lot of volume will end up going here as it’s a safer place to “park your assets”.

[Anonymous No.19900868]

>>19900754
>>19900779
ah wow. nice redpill. thank you

[Anonymous No.19900919]

Up, up, and away

[Anonymous No.19901051]

So you know what year it is, anon?

6,070,007 is the total circulating supply. In the past 30 minutes, the price has went up .81. That’s 4,916,705.67 of volume, anons. This isn’t chump change. The current market cap of the circulating supply is currently 122 million. That is, of course, assuming that the 6,070,007 number is correct. (I saw that number posted in the Discord.)

[Anonymous No.19901086]

>>19901051
If I’m wrong I apologize and invite others to correct me.

[Anonymous No.19901208]

>>19901086
Circ supply 6mil
Total supply 35.4mil
It will take about 9 years for the entire total supply to be available

[Anonymous No.19901244]

Explain to me what this is like I'm retarded because I am retarded

[Anonymous No.19901349]

>>19901244
The website might be a good start. Legitimate documentation.

https://docs.balancer.finance/

[Anonymous No.19901534]

>>19901349
What's their price oracle

[Anonymous No.19901634]

Could any smart anons explain a brainlet what exactly do I get by adding liquidity to balancer?
I got a suicide stack of 100 BAL, added liquidity to the 50%-50% BAL-WETH and 80%-20% BAL-WETH pools.
Got a couple BPT from both.
I kind of understand how the balancer works, but I don't understand what I earn exactly, the swap fees?

[Anonymous No.19902060]

>>19900661

It's generally much more flexible than Uniswap. You can have more than two coins in a pool and they aren't stuck at 50%/50% like Uniswap. You can have a pool with 90% RPL/10% ETH for example. Also fees can be customized when creating a pool while fees for Uniswap pools are stuck at .3%. Just these differences mean Balancer has a lot more potential than Uniswap IMO.

[Anonymous No.19902081]

>>19901534
Arbitrage

[Anonymous No.19902258]

GET IN OR GET LEFT BEHIND
https://rainnetwork.online/

[Anonymous No.19902542]

so it doesn't have the first mover advantage for shitting out a governance token out of thin air (COMP)

people bought in at $0.6 and so the whole supply is held by people that are already up 34x

i should buy in and hope for another 2x to 5x against those people?

thanks biz i'll take my chances elsewhere

[Anonymous No.19902720]

>>19902542
>Some got this token at 0.60! Scam! Scam! Scam!

Do you not know what an ICO is, anon? 400k was allocated out across 1000 wallets. That’s not “the whole supply”. I’m sorry that you didn’t get In on the ICO floor but you had time to get in when it bottomed out at 15 earlier today but instead chose to use that time pointing out how unfair it all is in the Discord channel and on here. Either get onboard now or find another project to follow.