I have down syndrome. It seems too easy.
>buy 5000
>stake 5000
>get 3 free tokens a day
>At some point tokens end up being worth $40 each
>Earning $100 a day for free
Yeah I can't see how this works
Explain LIT Proof of Stake tokenomics
Noah Reyes
Other urls found in this thread:
imgur.com
warosu.org
twitter.com
lition.de
twitter.com
Mason Rodriguez
$0.004 each
i fixed your typo for you
Dominic Young
Oh so you're bearish and think it will crash to shit. Ok thanks. Good explanation.
>Disregarded
Dominic Barnes
what purpose does "staking" serve? do you validate or generate blocks?
Jacob Gomez
Hey I don't know enough about the theory behind proof of stake, and why it benefits a token? I am a busy guy who can't read anything and everything about crypto so I'm asking here for a decent explanation. I literally don't see how buying and staking and earning a future $100 a day when this project "Moons", is that easy?
>If it is too good to be true, it usually is
Wyatt Russell
you obviously know shit about LIT. their mainnet is broken, staking is a joke because it does nothing for lit.
Jaxson Roberts
>Dont know shit
Guess thats why I'm here. Can you explain the purpose of proof of stake as a functional concept, and relate it to why it serves no function for LIT?
Adrian Collins
I'll help, staking is a useful indicator that you're buying into a shitcoin scam
Juan Hernandez
Explain why KSM is a scam?
Brayden Young
Zig Forums really is brainlet material like they told me.
>shitcoin
>youre dumb
>this will moon because I said so
>thats shit because I said so
Good transfer of knowledge everyone.
Connor Sullivan
Doesn't do anything, staking is 2018/19's scam gimmick
>buy a million MagicBeanCoin (using ETH) and STAKE them bro
>I'll give you a BILLION MBC for every million you stake
>I totally won't fuck off with the ETH, crashing the "value" of the token to zero
Bentley Morgan
>mainnet broken
EVERY FUCKING PROJECT HAS PROBLEMS WITH THEIR MAINNET.
Seriously dude how old are you? Youre wasting my time.
Parker Long
lmao this is the worst shilling I've ever seen
please consider suicide
Zachary Morris
Can anyone else reply to me other than the 16 year old brainlet who repeats buzzwords like
>shilling
>gimmick
>shitcoin
>scam
And answer my legitimate questions?
Blake Myers
who says they are legitimate? your central database?
Jace Brown
Im sitting here asking questions you dumb fuck. HOly shit this board is terrible.
>calls me shill
>can't answer simple questions
Did you fucking fail eight grade?
Christian Howard
this shitcoin again? here we go again:
OBLIGATORY POST
DAILY REMINDER: THE TEAM DUMPED MILLIONS OF ECOSYSTEM TOKENS AT LESS THAN ICO PRICE FROM THIS ADDRESS IN IDEX
>0x014f808b7d4b6f58be5fef88002d5028cd0ed14b
warosu.org
>back then none of us knew the team was dumping
yes we know why you little monkey
>pajeet shills:yeah mainnet2.0 + binance listing + new partnerships announcements coming soon
>the team knows that there is no good announcement in the near future so they decided to dump most of the ecosystem tokens and hold ether instead of their shitcoin which show how much confidence they have in their own project success
>the team started selling at 5cents just below the 2millions sell wall (half the ico price lmao)
>they didn't need the money to pay for expenses because they are still holding into that 1500ether which shows they are expecting it to raise in value more than their own shitcoin
>inb4 sirgay did the same thing
no he didn't do the same thing:
-sirgay started dumping between 2$ and 4.5$ which was x13 increase in price in one month and also chainlink ico price was 0.11$, and also he sold his own tokens and not the ecosystem tokens
-sirgay dumped maybe 0.5-1% of the max supply tokens
-Richtard started selling at 0.05$ (half the ico price) in the way to 0.1$ and caused the price to crash
-Richtard sold the ecosystem tokens after he burned their own tokens and said they don't need more money to run and to pay the expenses
-Richtard dumped 5% of the max supply tokens in April alone and another 5% is waiting as they said they won't sell anymore in the mid term, mid term means 1week in the scammer dictionary
>oh how can a team with a legit company and good connections and relations with the german government and endorsed by sap turn to be a SCAM
>remember modum?
>they have so much in common
go read replies
>>twitter.com
Levi Price
Thanks , I will read all of these links
>Good connections and government involvement
I agree, this can mean shit, it is but one factor of many in assessing a project to give your money to.
Brandon Bennett
>imgur.com
There is no proof this is the team dumping to idex? I thought this was the token bridge
Brandon Nguyen
Yeah seems like a scam to me, you have 4 days
Blake Campbell
you only know what your german masters want you to know
Samuel Ross
>There is no proof this is the team dumping to idex
>the team themselves confessed to dumping millions of shittion by hiding it through the bridge address
>they only confessed after they sold most of the tokens and me spamming every lit thread with tangible proof of them selling the top
kek oh boy don't tell me you don't know what it gonna happen at the end of June? also don't tell me you're investing money you can't afford to lose? uh user i ......
Blake Hughes
you can also search this posts numbers in warosu.org/biz for more proofs:
Andrew Bailey
Thanks
Josiah Johnson
This still doesn’t really prove anything. It’s just anons trying to claim “oh because of xyz it must be scam”. Literally no evidence other than a wallet showing tokens being sold which the team admitted to requiring to sell, basically as soon as it was raised.
Gavin Thomas
Top 10 wallet checking in, and i’m buying more soon! Not here to chill, just to Bragg about my holdings.
feeling comfy staking!
Xavier Cook
Weve already made it just waiting now... the more people that stake the less rewards we get thats the reason why the hype died down here everyone scurried back under their rocks the cat is back in the bag youll have to go dyor i dont have the will to help anyone take away my rewards for now and its the same for most holders.... having said that i would like and am happy that some of biz are in
The biz iq test
Cooper Foster
Most people with a brain bought and staked, so not much trading or discussion apart from team progress. Doesnt help every thread gets ruined by mike from mumbai
Joshua Cooper
kek all of them are not accessable. Poopjeet on suicide watch
Jose Harris
user, what?
>mines bitcoin in 2008
>uses negligible amount of electricity
>earns 1,000 BTC
>eventually BTC worth $20k each
>is it really that easy?
Yes, the hope is the value will go up.
Jordan Carter
Do you really have down syndrome and are able to post in here, and even use sarcasm? I don't buy it.
Camden Scott
>Explain LIT Proof of Stake tokenomics
Every energy customer generates ~100 transactions daily.
100 transactions = ~$1 tx fees in total.
1 million customers = $1 million tx fees daily earned by the stakers.