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25719798 No.25719798 [Reply] [Original]

In a sea of red... Its not too late anons. RenVM CEO is leading this, its a very interesting project I suggest you all read about. I strongly suspect this will be hitting around $1000 soon, and I'm not meming.

0xfa5047c9c78b8877af97bdcb85db743fd7313d4a

https://www.coingecko.com/en/coins/keeperdao

https://app.keeperdao.com/

https://0xkeeperdao.medium.com/

https://github.com/keeperdao/whitepaper/blob/main/whitepaper.pdf

>> No.25719963

Well, I'm trying to be helpful but hey, maybe you're buying something better. I doubt it, but here we are.

>> No.25719987
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25719987

can you just spoon feed us a little bit instead of dumping links?

HEY GUIZE BUY ROOK

why?

READ THE WHITE PAPER PLEBS

>> No.25720152

>>25719987
Allright, fine. There's a lot of technical jargon in the whitepaper, but heres the jist. Theres a group called "Keepers" that basically arbitrage mine by front running buys within the ETH blockchain. Keepers are rated on how well they do, and the better a keeper does, the more ROOK he's rewarded, and the worse he does, that keepers ROOK is actually burned. So this actually creates a game that keepers play between eachother to front run one another in order to generate the most amount of profits. What are they front running? ROOK. As of today, the average cost to mine a ROOK through arb mining is around $180, which means that ROOK shouldn't go below that otherwise arb miners aren't making a profit. It scales with ETH gas and price, so basically its a leveraged ETH to some degree. If ETH moons, ROOK moons harder.

Other than that, they're ending arbitrage mining on the 1st of Feb and their treasury has gone up in value by like 8m over the last few weeks. The supply crunch should add a metric dick load of value to the project, and considering its the RenVM dudes (which I would assume is going to be integrated into Ren somehow) you know this is going to moon hard.

>> No.25720312

>>25720152
I tried. See you at $250+ tonight boys.

>> No.25720372
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25720372

>>25720312

i've been mining with renbtc since the start, but i've been insta selling. stopped 8 days ago and am waiting for rewards to end to dump on you jeets.

>> No.25720407

>>25720372
You'll deserve it. I'm no jeet, just someone with a phat stack of ROOK.

>> No.25720701

Do you really think this can go over $500? I got in around $65

>> No.25720772

>>25720701
I actually do, yes. I'm eyeing around $350 in the short term, but leading to Feb 1st $500 should be stupidly easy. If ETH moons hard soon ROOK will far outpace it. I suggest selling at the top of ETH's pump, that's what I'm going to do.

>> No.25720950

I bought. Price target?

>> No.25721015

>>25720950
Idk definitely higher than this though, ATH is around $250 so we're definitely going back there.

>> No.25721176
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25721176

>>25720152
thanks for the explanation fren. I'm deep in rook since $90 but barely know what it does. I read a bunch of explainers, even the whitepaper, but yours is the clearest I've seen. We are gonna make it.

>> No.25721260

>>25721176
No problem, I really like the project simply because I think its actually useful in this space, but also I think it should generate quite a bit of value from where we are.

>> No.25721589
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25721589

Hail to the Queen baby