>What is STONK? 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. >What DeFi coins are in the first balancer pool(Yes first, more pools are being created for optimal returns)? 10% REP, 10% LINK, 20% STONK, 10% LRC, 10% COMP, 10% SNX, 20% WETH, 10% KNC >What happened to STONK? STONK and Statera were both victims of a flash loan exploit involving deflationary coins on the Balancer platform - liquidity from both projects were drained at the same time. The Balancer team has stepped up and will be refunding lost liquidity to both projects in the near future. >How is STONK moving forward? The same day of the exploit, STONK did a 1:1 transfer from old STONK coins to a new, non-deflationary coin - if you hold STONK, the new STONK token was already deposited to your wallet. Moving to a non-deflationary coin has not only allowed STONK to remain on the Balancer platform (with full 100% BAL returns) without being susceptible to liquidity exploit attacks, but it also broadens the number of exchanges STONK is eligible to be on. >Is burning/deflation permanently removed from STONK? Probably not, the team is currently exploring other options like manual burning to remain ERC-20 compliant, however optimal DeFi balancing is the primary objective of the project and not necessarily the deflationary aspect. STONK gains value as the other coins in the balancer gain value, not because a portion of coins are destroyed each transaction.
We're essentially at the floor for coin value since the project was only started a week ago, if you intend to collect bags, now is your best chance.
FoT Tokens in balancer pools got drained the other day, Noke removed the FoT aspect and ofered to refund every penny lost. Since then, Balancer labs has explained they won't be working with FoT moving forward, so Noke is working on a manual burn, likely through buybacks. Marketing, Balancer Pool ROI Optimization, and getting Cex listings are the main focus now, I think CMC is now in sight with requirements being finished. It's going to be a big month for $STONK. Tonk Stonk here, buying a comfy chair at 1$ so I can wait for 10$.
I asked this in one of the many generals that died out after 15 posts and never got an answer.
How does KNC token work in your pool since that's deflationary as well? Aren't you risking another attack?
Sebastian Young
everyone loves noke tho
Lucas Reed
deflation was never the problem, the problem always was fee on transfer which has been removed. the burn function for stonk is also still there.
Austin Torres
sup ghost toast....not buying your scam coin kindly fuck off back to discord
Owen Perez
when you have ot mention statera to get any recognition lol noke the cuk threw away his whole project and its still dying after airdropping new token lol
The inner workings of your mind are a disaster Do you think bashing sta will pump your bags? It won't stop the fact that the whitepaper is coming, more cexs will pick us up, we qualify for 100% bal rewards whitelisting, and noke is a turboautist that made this FOR Zig Forumsnessmen. You really think people here are as petty as you to take offense to him distancing himself from shitting lolis and hello fren threads? You come off as a nagging homewrecking female trying to needle away at the most insignificant shit.
btw balancer is only returning 80% of the pool, in bal. /ourguy/ offered 100% refunds before balancer spared you a gruesome death, while your tranny ceo bashed people who were financially ruined kek
Jayden Flores
This fucking guys are delusional
Austin Phillips
Honestly, this would have longevity if it weren't for the meme status.
Joseph Rodriguez
help me brothers im bleeding
Daniel Cruz
I think in a very short amount of time the name will make more and more sense, that's the only way this can play out B) I really want some high quality branding though, I heard the site is being reworked and the project is undergoing a big upgrade in the coming week.
Easton Rodriguez
>made this FOR Zig Forums red flag imo
Noah Moore
he dislikes the comunity, thats a redflag, he likes the community, thats a redflag. here, just suck my dick and get it over with
Joshua Diaz
Noke bends the knee to sexy goddess sarah staterra.
Do you know how smart contracts work? I'll assume not. ETH invented a way to run contracts on the block chain so that they are immutable. This means, for instance, if you interact with a smart contract, that contract can't be changed after the fact, unless there are parameters which allow for the change. So, if a smart contract has a 0.01 eth fee for interacting with it, that fee cannot be changed unless the contract has something like a changeFee function specific to changing that fee. This also means, if a mistake is made in the contract, most likely it will be there forever. a recent example was a vulnerability in the interaction between deflationary coins and balancer, STONKS literally had to scrap the whole contract and air drop new tokens which didn't have the burn function. this method is quite standard and the reason why a lot of coins have multiple versions.
So what does DFOhub do? It allows you you to make a contract part by part. rather than one giant contract which needs to be scrapped and replaced, you can replace a specific part of the contract, so long as the owners of that DFO vote to approve the change. STONKS could have removed their burn function without making a whole new token, ect. so long as STONKS owners approved yhe change. This means the immutability remains, in that the contract can't be changed single handedly, but it also opens up the possibility for contracts to evolve naturally over time. And DFOhub is itself a DFO whose ownership token is BUIDL.
Imagine a bald, ginger bearded wigger wearing this while listening to drake and calling a statera "the statara-chain blockchain project", lol. Are you seriously expecting to sell this to your cult? Ed Hardy crypto sweaters?
haha cuck noke, poor guy, threw away project for quick fix price still plummets. mentions statera as cousin project for clout. lol dimwit probbably has semen in his brain from eating all his bagholders jizz and advice
William Turner
Noke aka Bends the Knee lol
muh bagholders need new coin muh quick fix muh stonk is cousin of statera fomoooo why is my price dropping im original and clever
