$MG ~ $tonk Market General ~ SPEED, POWER, MOMENTUM Edition

Wow what a trip!

>ANNOUNCEMENTS

$Stonk's Dev, Noke, is temporarily ridding itself of it's deflationary aspect, this eliminates the exploit the "whitehat" who drained sta and stonks pools used, as it only applies to those tokens on balancer. At 00:00 -00:10 GMT a Snapshot window opened, and the new token was distributed to holders of Stonk. Anyone who had money in their pool will be reimbursed in full with Dev funds, and trading on Uniswap will resume as normal.

>This distribution and removal of the deflationary function makes Stonk a likely candidate for Bal Whitelisting, or 100% liquidity rewards. Stonks main purpose of being a leading DeFi indicator is intact, and the Dev is working on setting up a deflationary function that works separately from Burn, eliminating the possibility of the ()Gulp function being exploited in the future.

>Throughout this event Noke contacted Hotbit and gave them the updated address. Hotbit still has the original Market Maker liquidity that was sent to them, deposits began today, and selling is on schedule to begin tomorrow, trading opens at: 2020-06-29 16:00(UTC+8).

An AMA with Satoshi club will happen on the following day. Satoshi club is a respectable, long standing crypto information group and has well over 10,000 active members.

>We are pleased to announce our next AMA with satoshi club on June 30th 2020 at 12:00 PM UTC

>Satoshi club is a reputable group, having done AMA's with Kucoin, Monero, Ghost, NULS, EOS, OKEX, Tezos, Harmony, Cardano, Stealth etc.

google.com/calendar/event?eid=NTJhMXVoZm5pM3M2cTFtbTZ1cWZ2a21jaWEgc2JjODFrN2cyNm9oMDhoZnJ0cXZqbzA1MzRAZw&ctz=UTC

Requirements:
>Join Satoshi Club
(t(DOT)me/Satoshi_club) Telegram group
>Join Stonk
(t(DOT)me/stonkdev) Telegram group

There are rewards in ETH for asking questions!

>Satoshi club website:
esatoshi.club/

I extend my genuine condolences to anyone who incurred losses from this event, we may take sides sometimes, but we're family.

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Other urls found in this thread:

stonk.dev/
github.com/stonkdev/STONK
medium.com/@stonkdev/hacken-x-stonk-code-audit-2874a5a534bd
coingecko.com/en/coins/stonk
coinstats.app/en/coins/stonk
bamboorelay.com/trade/STONK-WETH
medium.com/balancer-protocol/incident-with-non-standard-erc20-deflationary-tokens-95a0f6d46dea
twitter.com/AnonBabble

>What is $STONK?

A token that's value is derived from a balancer pool of protocol-layer defi smart contracts. $STONK, a token balanced by DeFi, made by a BASED aussie Zig Forumsnessman.

>More info?
The website is badass and here for your viewing pleasure.
stonk.dev/

>How to pool?
1 click pooling across the 7 holdings is hosted on the website, simple.

>Trustworthy?
Codes public here, check for yourself.
github.com/stonkdev/STONK
Head dev is incredibly interactive with his community, ask him anything as he's usually around the discord.
Audit has just been released, classifying STONK as 'well-secured'
medium.com/@stonkdev/hacken-x-stonk-code-audit-2874a5a534bd

>By investing in $STONK, you are investing leading DeFi projects. Value in $STONK and value in the pool directly benefits all DeFi projects involved.

>Official Discord
/Stonkdev
/Stonkdev
/Stonkdev

>Official Stonk Telegram: t.me/stonkdev
>Stonk price tracker: t.me/stonkindicator
>Stonk Trading Floor: t.me/stonktradingfloor

>We've been added to coingecko & coinstats!
coingecko.com/en/coins/stonk
coinstats.app/en/coins/stonk
Price information should update once the sites recognize uniswap trading activity.

>$STONK is also now tradable on a new order book DEX exchange - bamboo relay (now verified!):
bamboorelay.com/trade/STONK-WETH

Literally no point in buying this shitcoin after the removal of the deflationary function.

>IMPORTANT AS FUCK
>IMPORTANT AS FUCK
>IMPORTANT AS FUCK

This is the new contract address for the token: 0xb4058411967d5046f3510943103805be61f0600e
Look for the 0600e at the end.

Just in case this wasn't made clear and obvious earlier.

DO NOT ADD LIQUIDITY TO THE CURRENT POOL. WE WILL BE UPDATING THE POOL SOON. PLEASE WAIT FOR FURTHER ANNOUNCEMENTS.

>Statement by balancer labs explaining the exploit. This is why this STONK 1:1 token swap from burn -> non burn token is necessary

medium.com/balancer-protocol/incident-with-non-standard-erc20-deflationary-tokens-95a0f6d46dea

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Just stop with the twitter / discord uniswap scams. If you all channeled this much energy into LOKI we'd be above $10 right now.

Read the Op my friend, The deflationary rate, which was a lower one than 1%, was always a minor aspect of $Stonks function, $Stonk is still pegged to leading DeFi projects, and the pool will function normally.
Make a goddamn loki thread you parasite, It's not a Uniswap scam, it's being listed on a cex in hours. Read the OP.

The way sta handled this was shit. Not buying, but I think this will come out on top

No one is buying your bags rajeet

yeah im impressed with how the STONK team immediately mobilised on this as well

goddamn what a shitty fucking day this was

From what I hear their approach is to...create their own balancer pool from scratch, but they need to hire a dev team as they admitted Scott stepped away from the project some time ago. I truly don't see this happening for some time, $Stonk is making a point to make it's entire community who pooled whole again, using dev funds set aside for various things like marketing or I suppose unseen things like this.

Now that this new contract removes that burn function, we're no longer subject to the same kind of attack - we're also much more likely to get whitelisted for BAL rewards.
Note that the burn function is not necessary for $STONK's development & use as an ETF indicator for DeFi.
The HOTBIT listing will commence as usual in 8 hours. China will buy even if you won't, The dev is handling this in the best way possible, have some fucking respect.

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This pic just feels mean now

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I really think some kind of armistice on dissing Stargazers should be reached. It's too much man, people lost money. Someone's getting divorced because of this and Statera has no plans to reimburse the pool of 500K USD.
I feel so bad for the people I helped on board that I couldn't convince to move on in time.

Why would you buy this piece of shit? Whats the purpose now its lost its deflationary function?

Now that this new contract removes that burn function, we're no longer subject to the same kind of attack - we're also much more likely to get whitelisted for BAL rewards.
Note that the burn function is not necessary for $STONK's development & use as an ETF indicator for DeFi.

PLEASE READ THE OP

Burning can still be done later too. But itd have to be a manual burn

>This distribution and removal of the deflationary function makes Stonk a likely candidate for Bal Whitelisting, or 100% liquidity rewards. Stonks main purpose of being a leading DeFi indicator is intact, and the Dev is working on setting up a deflationary function that works separately from Burn, eliminating the possibility of the ()Gulp function being exploited in the future.

>Throughout this event Noke contacted Hotbit and gave them the updated address. Hotbit still has the original Market Maker liquidity that was sent to them, deposits began today, and selling is on schedule to begin tomorrow, trading opens at: 2020-06-29 16:00(UTC+8).

THE DEFLATIONARY ASPECT WILL BE RESUMED ASAP AND IT WILL LIKELY INVOLVE MANUAL BURNING

Soooo basically it's a useless shitcoin now. Just future promises. Thanks for answering

You didn't understand the usecase for $Stonk from the beginning, you may in time.

MetaMask says my STONK is worth $0

Is this true?

For clarification, the big pumps from any other tokens that had deflationary function did not pump because of the deflationary function, but because of mass influx of buyers as confirmed by the team itself.

Please make sure to put the new address in your metamask as the airdrop is complete. You can sell your old Stonk for extra eth if you want, Noke will be providing liquidity for Uniswap in a few hours and you can toss it in then.

ELI5 what makes a pool with stonk and all those coins in it more valuable than a pool with all those same coins and say, Floyd token?

STONK supports DeFi through providing lucrative balancer pools that include promising DeFi projects. Its purpose is to soak balancing pressure to act much like an ETF indicator for DeFi - all in one token

Thanks

Ok but any coin can do that. I can go make my own pool right now with every coin that’s in stonks. It’s just a meme coin now at this point with no burn to interact with the other coins.

Yes, that’s why this coin is retarded. Just make the pool without stonks even. There’s no point in a crypto etf

Yeah but can you do that and set up an exchange listing, have a shitload of dev funds, continue with an AMA in front of 10000 people, actually know how to do any of this, amass a following, and mitigate the issue to return the project to 100%? If you can I'll buy.

You can totally do that, so totally fuck off and do that.

Still not decided on whether this shows that stonk has God devs, or that STA has meme devs.

it's both.