>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.
/$tg - $Stonk token general/ - Huge Announcements Incoming Edition
Other urls found in this thread:
uniswap.exchange
uniswap.exchange
hotbit.io
hotbit.io
hotbit.zendesk.com
hotbit.zendesk.com
esatoshi.club
twitter.com
I heard some level of rebranding is going on
>ANNOUNCEMENTS
>$STONK logo for new contract now updated on uniswap!
uniswap.exchange
10-12K of liquidity has been added to uniswap! More to come soon, as time passes. You can trade in small amounts for now though
>Provide uniswap liquidity via this link: uniswap.exchange
>$STONK deposits (updated contract) are now open on HOTBIT! (Cex)
Deposit here: hotbit.io
>WE'RE TRADING ON HOTBIT!!!!
hotbit.io
>Old contract STONK deposits on HOTBIT have now been restored!
hotbit.zendesk.com
>STONK is now listed on HOTBIT's investment section!
More details here: hotbit.zendesk.com
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$.
senior stonkosaurus here- i wont domp on you frens
we 0,7c stablecoin now.
Bal 100% ROI returns whitelist secured, CMC requirements secured, Whitepaper incoming, and some major pivot in branding is publicly being rolled out. Stonks go up.
Seems like the chinese have finally capitulated, also.
>usual announcements, cmc listing, etc
he says it like its so casual.
Biz buys high while I'm acooomulating at these levels. Keep buying high and selling low pajeets
I, for the first time yesterday, successfully bought the dip.
inb4 statera rage
I hope you staties make it too bros, on paper we arent even in competition anymore, all will be revealed in good time
actual comfy hold bois
It was literally just 6k all day yesterday, I honestly doubt there's much bad blood anymore, I checked out sta threads yesterday and he was trying to instigate shit but people were just ignoring the shit-tier "memes" he was posting lmao. I think the broken english didn't help.