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/biz/ - Business & Finance


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File: 830 KB, 1520x1024, reservecover.jpg [View same] [iqdb] [saucenao] [google]
20121862 No.20121862 [Reply] [Original]

Who here /comfy/?

Mainnet soon. All dev and investor tokens are locked until mainnet with a 4-week timer before they can dump anything.

Looks like it's gonna be the only stablecoin tolerated by the US gov.
Estimated to tickle 0.5USD at mainnet launch. Might reach 1USD if we get Redditards and Facebook boomers to notice.

>> No.20121897

>>20121862
$1 would mean a $100B fully diluted mcap. Surely not?

>> No.20122054

>>20121862
extreme levels of /comfort/ over here

>> No.20122171

>>20121897
Been explained many times

>> No.20122601

>>20121897
Down the line 1usd will seem laughably low. The only problem is retard marketing by the team. Theyre so confident in the project they dont bother to talk about it too much. Not only is this project set to be the main stablecoin and daily use normie crypto, it has the story to get basedboys Redditors hyped enough to pump it for us.

>> No.20122644

>>20122601
They want organic growth so that the project doesn't get overwhelmed and fail. They might go for the Uber strategy though:

>Community:
>How do you scale Reserve without multiple global headquarters and a staff of +10,000? Is DeFi really ready for mass adoption with just one simple app as the interface?

>Charlie Smith (Head of Business Development of Reserve Protocol)
One market at a time. We consider Uber’s aggressive scaling process from time to time. It started off very small, they spent a lot of effort getting the formula right, and then ran as fast as they could, hiring aggressively.

>A lot of projects jump the gun and go for an ecosystem play before they’ve proven that ecosystem has any value. We want to make our own app a big success, drive substantial RSV adoption and then we think many people will be excited to build products with RSV and its users in mind.

https://medium.com/reserve-currency/reserve-protocol-community-ama-5-e5f9f99a8c38

>> No.20123393

AMPL has better tech? The dual token model seems pretty dated now.

>> No.20123443

>>20121862
>All dev and investor tokens are locked until mainnet with a 4-week timer before they can dump anything.

no they're not you lying fucking pajeet
locked foundation tokens have a 4-week delay
seed investors, advisors, partners and team members can release all their vested tokens whenever they want. First there is 10% unlock for all these locked tokens and then they start vesting every day for 6 months.

>> No.20123689

>>20123443
XRP hit $4 with 45B unlocked
we wont even have that many unlocked
we have the same MM
whats your point?
$4 not enough for you?

>> No.20123760

>>20121862
Are you retarded? Mainnet is not soon.

>> No.20123772

>>20123393
Nice try ranjesh. Ampl is a scam by the same fuckbois that made augur which failed miserably

>> No.20123910

>>20123760
What's considered "soon" to you? Q4 2020 or Q1/Q2 2021? It's definitely coming within the next 12 months.

>> No.20123922
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20123922

>>20123443

>> No.20123995

Currently holding slightly over 1 million rsr but this just seems too good to be true. Everything I'm reading about is this project is great so far

>> No.20124067

Also holding just over a million, bought at around 27/28 sats, pretty confident the price will continue to creep upwards until main net.

>> No.20124120
File: 51 KB, 500x500, based faggot.jpg [View same] [iqdb] [saucenao] [google]
20124120

>>20123995

>> No.20124145

>everyone expecting a coinbase listing
Why would coinbase list this when they already have their own stablecoin (USDC)

>> No.20124161

Thought I had picked up some in June but just saw it didn't get through... Bought 175k, at this point igaf anymore

>> No.20124269

ive been buying since june 2019 and havent stopped.
we will all /makeit/ with RSR

>> No.20124284

>>20124269
How many to make it

>> No.20124383
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20124383

>>20124145
>why would a company list a product on their own platform that will help them make billions of dollars from their initial investment

>> No.20124411

>>20124284
depends what you consider "making it". most anons think 1 million or more

>> No.20124634

>>20124411
Enough to retire and live off 100k a year

>> No.20124680

>>20124634
that would be 2 million getting 5% returns and never touching your money

>> No.20124701

>>20124411
1 mill you will be getting sucked off by a model in Vegas whilst driving around in a Lamborghini. 500k you will be getting sucked off by the hottest chick in your town whilst driving around in a Cyber Truck.

>> No.20124765
File: 35 KB, 345x428, 80f1c07d-c91f-4eb3-a1c9-08e216756a8d.jpg [View same] [iqdb] [saucenao] [google]
20124765

Comfy af, even the fudders are running out of larps lmao how pathetic. Get in or stay poor you faggots.

>> No.20124907
File: 76 KB, 720x611, RSR Chad.jpg [View same] [iqdb] [saucenao] [google]
20124907

>>20124701
based

>> No.20124935

I only have 150k at the moment, but i'll keep buying as long as it's under 1c.

>> No.20124947

>>20124935
Good starter stack.. could make it in the GBR. Keep stacking tho

>> No.20125445

>>20124634
my yearly cost of living since im a minimalist and really dont see a need to consooom is around $21k/yr - if you are living off of 100k/yr you are going to eventually run out of money.

>> No.20125492

>>20121862
The slow wallet is what has a 4 week delay. It holds the teams foundation funds which they have no reason to sell on the open market since it holds majority tokens for future governance. The investor tokens unlock over half a year when mainnet drops. Youd have to be a fucking brainlet to not realize how good this is for early buyers

>> No.20126353

don't pump this I need to buy more ffs

>> No.20126419

>>20126353
Most important thing is adoption.
We want normies to FOMO in and to actually use the app and RSV.

Just normie hype will make us x50 easily. Normie usage will make us x200-x1000

>> No.20126539

>>20126419
theres an app? I bought this some time ago because of you guys but never researched it hehe

>> No.20127132

>>20126419
wait, do we buy rsv or rsr?

>> No.20127203

>>20127132
Buy whichever one you want, but you wont make any money on RSV

>> No.20127312

>>20122601
But former Coinbase (USDC) ecexs work in the fed now...