/$mg - stonk market general/ - slow and steady wins the race edition

[Anonymous No.20053213]

>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.

We're essentially at the floor for coin value since the project was only started a week ago, if you intend to collect bags, now is your best chance.

[Anonymous No.20053233]

facts

[Anonymous No.20053251]

Big announcements in less than a week. CMC, vision are already in the works as well!

[Anonymous No.20053317]

>>20053233
Imagine unironically thinking putting a liquidity token in a pool is the same as pegging your token to the assets in the pool.

[Anonymous No.20053594]

>>20053251
what kind of announcement we talking about here? what’s your source?
>>20053251
shrug

[Anonymous No.20053724]

I heard some level of rebranding is going on

>ANNOUNCEMENTS

>$STONK logo for new contract now updated on uniswap!
https://uniswap.exchange/swap?outputCurrency=0xb4058411967d5046f3510943103805be61f0600e
10-12K of liquidity has been added to uniswap! More to come soon, as time passes. You can trade in small amounts for now though

>Provide uniswap liquidity via this link: https://uniswap.exchange/add/0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2-0xb4058411967D5046f3510943103805be61f0600E

>$STONK deposits (updated contract) are now open on HOTBIT! (Cex)
Deposit here: https://www.hotbit.io/dw/deposit?symbol=STONK

>WE'RE TRADING ON HOTBIT!!!!
https://www.hotbit.io/exchange?symbol=STONK_USDT

>Old contract STONK deposits on HOTBIT have now been restored!
https://hotbit.zendesk.com/hc/en-us/articles/360050281934-Announcement-on-the-completion-of-STONK-contract-replacement-

>STONK is now listed on HOTBIT's investment section!
More details here: https://hotbit.zendesk.com/hc/en-us/articles/360050352914

FoT Tokens in balancer pools got drained the other day, Noke removed the FoT aspect and ofered to refund every penny lost. Since then, Balancer labs has explained they won't be working with FoT moving forward, so Noke is working on a manual burn, likely through buybacks. Marketing, Balancer Pool ROI Optimization, and getting Cex listings are the main focus now, I think CMC is now in sight with requirements being finished. It's going to be a big month for $STONK.
Tonk Stonk here, buying a comfy chair at 1$ so I can wait for 10$.

[Anonymous No.20053755]

[Anonymous No.20053846]

I asked this in one of the many generals that died out after 15 posts and never got an answer.

How does KNC token work in your pool since that's deflationary as well? Aren't you risking another attack?

[Anonymous No.20054037]

>>20053755
everyone loves noke tho

[Anonymous No.20054098]

>>20053846
deflation was never the problem, the problem always was fee on transfer which has been removed. the burn function for stonk is also still there.

[Anonymous No.20054145]

sup ghost toast....not buying your scam coin kindly fuck off back to discord

[Anonymous No.20054841]

>>20053233
when you have ot mention statera to get any recognition lol noke the cuk threw away his whole project and its still dying after airdropping new token lol

[Anonymous No.20054859]

>>20054841

[Anonymous No.20054888]

>>20053846
KNC is deflationary but isn't FoT which was the core of the exploit.

>>20054841
>Statera still has no balancer pool
uhhhhhhhh

[Anonymous No.20054971]

>>20054841

[Anonymous No.20055081]

>>20054971
>>20054859
>>20054841
sup 6k, find time to learn english inbetween smoking big doinks and smoking cocks?

[Anonymous No.20055126]

>>20054841
I genuinely thought the shitty english in this "meme" was to mock stonks guy but I'm starting to worry for you :(

[Anonymous No.20055296]

>>20055126

[Anonymous No.20055330]

>>20055296
The nail on the coffin dev doesn’t even like you guys and you stil on his nuts. If that’s not delisional idk what is .

[Anonymous No.20055377]

>>20055296
The inner workings of your mind are a disaster
Do you think bashing sta will pump your bags?
It won't stop the fact that the whitepaper is coming, more cexs will pick us up, we qualify for 100% bal rewards whitelisting, and noke is a turboautist that made this FOR /biz/nessmen. You really think people here are as petty as you to take offense to him distancing himself from shitting lolis and hello fren threads? You come off as a nagging homewrecking female trying to needle away at the most insignificant shit.

[Anonymous No.20055475]

>>20055296
btw balancer is only returning 80% of the pool, in bal. /ourguy/ offered 100% refunds before balancer spared you a gruesome death, while your tranny ceo bashed people who were financially ruined kek

[Anonymous No.20055571]

>>20055377
This fucking guys are delusional

[Anonymous No.20055574]

Honestly, this would have longevity if it weren't for the meme status.

[Anonymous No.20055577]

help me brothers im bleeding

[Anonymous No.20055607]

>>20055574
I think in a very short amount of time the name will make more and more sense, that's the only way this can play out B)
I really want some high quality branding though, I heard the site is being reworked and the project is undergoing a big upgrade in the coming week.

[Anonymous No.20055663]

>>20055377
>made this FOR /biz/
red flag imo

[Anonymous No.20055683]

>>20055663
he dislikes the comunity, thats a redflag, he likes the community, thats a redflag. here, just suck my dick and get it over with

[Anonymous No.20056199]

>>20055330
Noke bends the knee to sexy goddess sarah staterra.

[Anonymous No.20056220]

>>20053213

[Anonymous No.20056260]

>>20056199
HAHAHAHA THIS PIC

[Anonymous No.20056294]

>>20053213
Do you know how smart contracts work? I'll assume not. ETH invented a way to run contracts on the block chain so that they are immutable. This means, for instance, if you interact with a smart contract, that contract can't be changed after the fact, unless there are parameters which allow for the change. So, if a smart contract has a 0.01 eth fee for interacting with it, that fee cannot be changed unless the contract has something like a changeFee function specific to changing that fee. This also means, if a mistake is made in the contract, most likely it will be there forever. a recent example was a vulnerability in the interaction between deflationary coins and balancer, STONKS literally had to scrap the whole contract and air drop new tokens which didn't have the burn function. this method is quite standard and the reason why a lot of coins have multiple versions.

So what does DFOhub do? It allows you you to make a contract part by part. rather than one giant contract which needs to be scrapped and replaced, you can replace a specific part of the contract, so long as the owners of that DFO vote to approve the change. STONKS could have removed their burn function without making a whole new token, ect. so long as STONKS owners approved yhe change. This means the immutability remains, in that the contract can't be changed single handedly, but it also opens up the possibility for contracts to evolve naturally over time. And DFOhub is itself a DFO whose ownership token is BUIDL.

[Anonymous No.20056304]

dude this is like a new level
>>20056294
shoo shoo

[Anonymous No.20056372]

Imagine a bald, ginger bearded wigger wearing this while listening to drake and calling a statera "the statara-chain blockchain project", lol. Are you seriously expecting to sell this to your cult? Ed Hardy crypto sweaters?

[Anonymous No.20056431]

>>20056199
haha cuck noke, poor guy, threw away project for quick fix price still plummets. mentions statera as cousin project for clout. lol dimwit probbably has semen in his brain from eating all his bagholders jizz and advice

[Anonymous No.20056488]

>>20056431
>>20056199
Noke aka Bends the Knee lol

muh bagholders need new coin
muh quick fix
muh stonk is cousin of statera
fomoooo
why is my price dropping im original and clever

[Anonymous No.20056999]

>>20056488
>>20056431
>>20056294
>>20056220
leave the thread at once

[Anonymous No.20057183]

>>20056488
I don't understand how you frame making the project continue to work and effective at branching out in the future as a bad thing lmao, I'll just consider it reverse fud but I know it isn't intended to be.

[Anonymous No.20057564]

>>20055296
imagine doing something like that while having admins like this

[Anonymous No.20057625]

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[Anonymous No.20057767]

>>20057564
lmao

[Anonymous No.20057858]

>.58 cents

[Anonymous No.20058148]

>>20057564
Whale in both STA and STONKS but tranny need to go, like at least don't be the first face someone sees when asking questions about project FOR FIVE FUCKING SAKES

[Anonymous No.20058983]

>>20057858