/biz/, I'm going to secure your financial future

[Anonymous No.23118106]

Now as we all know, this is a pile of garbage. Direct fork of CORE. Made by 14 year old dev asking for help on basic coding. Obviously will have no future development. Let me tell you why right now, none of that matters.

Core is currently roughly 13x it's floor price. It's value is driven by speculation on future success rather than anything substantive. Encore by comparison is barely 2x it's floor price. But more importantly, it's LP token can currently be bought for 0.86 ETH on balancer, compared to Core's which goes for about 5.2.

Why does this matter?

No matter how little you believe in the project, we can be reasonably confidant it will persist on autopilot, simply because it's a direct fork of well respected code.

Let's imagine a worst case scenario where Encore drops to $400, barely $70-80 above its mathematical floor. And then let's imagine volume leveled out at a mere $1m per day. You would STILL be getting a little over $5 per day on those Encore LP tokens you bought and staked, or about 1.75% daily returns.

That's the absolute doomsday scenario, present Encore price is twice that, and the volume is currently 15x that (though obviously not sustainable.

These LP token's are so undervalued it's obscene, and you're nuts if you don't ape in and stake them.

[Anonymous No.23118123]

>>23118106
Scam.
14 year old faggot.
Get in ass.finance for a secure future.

[Anonymous No.23118184]

>>23118106
For some reason I thought the transfer fee to vaults was 5%, just found out it's 1%, so those numbers need to be divided by 5. BUT STILL A GOOD BUY PEOPLE, GET IN.

[Anonymous No.23118227]

Anyone with serious money in encore will be roping by eow.
Clearly a scam that's owned by a 14 year old. I can't believe anyone with more than room temperature IQ falls for this shit
Fucking kek

[Anonymous No.23118256]

>>23118106
so you are saying that a competent dev can copypaste the code and make more reliable clone that won't have so much fud and better price action?

Guess ill wait for that

[Anonymous No.23118375]

>>23118256
We don't especially care what the price action is, we only care that:

a) The code isn't exploitable, which being a direct fork is unlikely
b) that it maintains some degree of volume, harder to predict but as I said above, even going 5, 10 times less than what it is presently still makes the LP token a huge gainer
c) the LP token is so goddamn cheap compared to what it generates, and with the token being so close to it's price floor, there's a lot less room for these returns to fall to the point where investing in the LP tokens right now proves to be a poor decision. The price is simply too good.

[Anonymous No.23118405]

>>23118375
Maybe a better way of phrasing it would be that the LP tokens on balancer are less than a quarter of what it would cost to create them via buying encore and depositing liquidity. Compared to core where the LP tokens on balancer are only 20-25% cheaper, these are 400%+ cheaper.

[Anonymous No.23119259]

>>23118405
alright, makes sense, whats the current return per encore LP?

[Anonymous No.23120112]

why can't we short these scams somewhere... no there'a a money maker

[Anonymous No.23120320]

This is the creater, a 14 year old chink who had vids on youtube of him playing with play dough

https://www.youtube.com/watch?v=WO_ITZnMTmg

[Anonymous No.23120342]

>>23118106
Lmao, post the devs search history too

[Anonymous No.23120354]

you are going to RUIN their life. this is not gonna be $CORE, any project that airdrops after 2 hours of activity is a SCAM so this shit asap and buy CORE you faggots audit by The Arcadia Group today.