If you think AMPL sounds crazy? - How does "positive rebase on every new wallet" sound to you? - Negative rebase everytime a wallet is removed. - This whole thing started with 5 Tokens total supply. - Dev only holds 10%. - Currently there are ~300 wallets and 3000 yang Tokens. - 1 ETH buys you a top 100 wallet.
... this is only 15h old. And it will soon take off.
anyhow I had a look at the website and the contract, the tokenomics are the same, just that 10 tokens are distributed per wallet addition instead of 1 in YIN, but the work on the website gives the feeling that the dev is more serious
Ian Evans
>but the work on the website gives the feeling that the dev is more serious ...
I assume both tokens are from the same dev. Because of yin & yang.
yang looks less centralized though.
Liam Turner
Another scam dev dump coming up. Contract created with laundered funds from tornado cash.
Jose Miller
Roll those profits into sBTC
Launched 24 hours ago, currently in accumulation phase before rebased start occurring in 5 days
Peg price 0.001 btc Current price 0.0016 btc
This thing is going to fucking moon so hard when rebasing occurs
Christopher Parker
You are probaably right. Do not get me wrong. I got my investment back already while still holding a good bunch of YANG but there are currently some whales that do a lot of crazy shit to get into this.
I still wonder how they will exit this if they only hold like 8% of the tokens though ....
I'd noticed that too but doesn't matter as the dev has locked the liquidity, all other top holders have bought from uniswap only, so no need to worry about other dev wallets too.
Parker Young
>rebased start occurring in 5 days Sorry I usually only invest into working projects. I do not like investing into useless ERC20 tokens that "will work" in the future.
Bentley Moore
The only potential risk I am seeing here
.... and I want to be totally honest with you guys.
... a flash loan attack. AMPL has a mechanism that is triggered on every rebase to secure the pool. And I wonder if this is also the case on yang.
What I will do in a couple of days. Selling another bunch and then create a liquidity pool of YANG with the profits. Currently it is to dangerous for me. Because if the pool gets attacked directly you not only lose your YANG you also lose your ETH in the pool. But if this keeps growing a pool might do some insane yearly returns.
Ayden Powell
Thanks. BTW do you have the YIN webite please? Need to dig a bit deeper into those two tokens.
Ayden Anderson
Enjoy your ponzi scammer but this time it will crash much faster than ampl.
Jose Rogers
honestly I don't even know if they have a website, I just saw the token being traded and looked at the contract
Benjamin Nguyen
Not having a website on a project like this was btw the main reason why I bought into it. kek
Most scams these days have website + discord.
Chase Barnes
They do have a website, though.. yangue.me/ Think there's a dashboard coming shortly too
Brody Lewis
yeah, right, I'm highly suspicious of discord projects nowadays
Josiah Edwards
>yangue.me/ oh wow. lol I did not even know that. Thanks fren.
Noah Powell
easy 1k wallets kek
Jayden Brown
Welcome fren :)
Ian Miller
I have been active in YANG telegram. Community has been good and dev has shown a lot of interest. Community seems adamant on hodling this long term which is the main reason I can see this ponzi work. Let's go YANG.