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/biz/ - Business & Finance

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28051384 No.28051384 [Reply] [Original]

wCres in partnership with Aave, stani on the adisory board

Look at the chart.. entering price discovery

4mil liquidity, 11mil marketcap

They have dividends as it's also an Equity token. Other features will be added like Visa cards, Money market (in the pipeline) Aave integration. Roadmap is insane - ahead of schedule atm.

>> No.28051590

Literally one of the first bridges between traditional finance and defi. 3% return on insured deposits. Seems like a no brained biz is sleeping on

>> No.28052041

>>28051384
10x is very Conservative. Still under 2000 addresses 10m marketcap. 100-1000x over next year

>> No.28052266

>>28051384

ok u got me im interested where is it listed

>> No.28052654
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28052654

>>28052266
Google is your friend

>> No.28052884

yeah this is a serious gem, dont sleep on it anons

>> No.28053179

>>28052266
Uniswap or Dodo
https://etherscan.io/token/0xa0afaa285ce85974c3c881256cb7f225e3a1178a#balances
Load up for the moon mission

>> No.28053308

Garbage. Founders hold 90% of the equity

>> No.28053478

For those interested, here’s one of my favorite reads from the Maker community

https://forum.makerdao.com/t/crescofin-competition-on-the-stablecoin-market/5461

Feels good to be this early

>> No.28053546

>founder worked at Lehman Brothers
bearish

>> No.28053833

None of the advisors have really shilled this yet, when they do, it will rocket. Get in here now retards

>> No.28054329

Biz misses out on real projects chasing pajeet moon missions. Nothing new to see here

>> No.28054421

>>28053308
you cant view this like a conventional crypto, they are creating a fully insured bridge + becoming sharia compliant for traditional finance

>> No.28054471

Price predictions in 1-2 years? I have a small bag. Whats a suicide stack?

>> No.28054613

>>28054421
Could you explain why it's not a liability for us that the founders hold so much?

>> No.28054808

>>28054613
Because they are more fiscally responsible than us

>> No.28055000

>>28054808
Then they wouldn't have created a coin that can make me money...

>> No.28055670

>>28054613
Tokens represent equity in the company they own and founded, they are completely geared toward that companies success. There is always a risk, but i don't believe its much to worry about. As the token represents equity in the company they own, they would be less likely to dump on you; otherwise they are losing equity share in the company.

>> No.28056573

>>28055670
Why are they listing shares of their company this way instead of on a stock exchange?

>> No.28056727

>>28056573
they are also on an exchange

>> No.28056796
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28056796

Bought initially at $4. Sold at 7. Never bought back in,

>> No.28056986

>>28056727
That doesn't make any sense, shares of their company can't be traded both as crypto and as traditional stock on institutional stock exchanges. The crypto tokens would just be pegged to the price of their stock shares, there would be no point to having the token in the first place.

>> No.28057548

>>28056986
You just have to dig a little, it all makes perfect sense.

Go through this page and it will make a lot more sense to you.

https://governance.aave.com/t/creating-a-market-for-insured-real-world-assets-and-bringing-institutional-investors-to-aave/1445

Investor protections
The Tokens are protected by Swiss law.
The Tokens’ expected cashflows are backed by real-world assets that are fully insured.
The issuer is regulated and audited in Switzerland.
Some firsts
First regulated money market in DeFi.
First insured collateral in DeFi.
First simple KYC mechanism for composability in DeFi.

>> No.28058499

>>28057548
Okay so these are literally just shares of the company, the iCress tokens used in their bridge business are not publicly traded. Only 15% of the company is contained in the traded wCress tokens though, so there's really no utility in owning them. You could own all of them and you'd really just be along for the ride since the two founders have the other 85%. It could be a good PnD I ugess but there's no real utility behind owning wCress.