Hacken HAI

Is there an article that explains wtf is going on with the two different tokens? I like and trust Hacken but there is some peak Uniswap degeneracy going on here.

pretty much

Yes, they have some medium articles out, and there is a good discussion in the telegram group.

medium.com/@hackenclub/hacken-to-be-listed-at-uniswap-6ee159de9f42

Also, the CEO, Dmitriy Budorin, is doing an AMA tomorrow and asked that questions be forwarded to his twitter that we want addressed.

twitter.com/hackenclub/status/1302262172605652994

Also, this. More and more will come.

youtube.com/watch?v=zizS-BPDNkA

Basically no one read shit and just fomoed into it, once a whale starting shitting to buy back back at a lower price which he has done by now, others started to fud. It was organised fud by the looks of it from my past experience. Loads of retards bought into the fud and sold. It death spiralled out of control from there on. Genius.

These people who fomoed in didn't realise that the max supply would at most be 700k after the bridge migration. They've bought into the fud that Hacken will be migrating 100mill plus tokens from VChain...absolute and utter idiots what can I say

yeah, its crazy. After the AMA tomorrow, I think things will get cleared up. I can see a lot more marketing to come. Just hit Uniswap yesterday I guess

Okay, so the way I understand what is going on is that their ERC20 and the VIP180 are effectively the same token... BUT, and a big but here, the supply of the ERC20 can only ever be 3% of the VIP180s circulating supply. Which right now is about ~3 million tokens and new ones will be added to the ERC20 pool at a weekly rate based on price movements. Only privileged users can swap their tokens over to ERC20s at first... wink wink. Now even though these two tokens are technically the same, one of them is on a meme blockchain and the other is on a blockchain that has recently shown itself to be the premiere DeFi platform. Also know that they have said this Uniswap token will be listed completely separately on Coingecko and CoinMarketCap from the original and that price movements for the ERC20 will be a very important part of why they are doing this... nudge nudge. I will let you make your own conclusions about what all this means, but just know that I would not be buying the VIP180 token right now.

I bought in at like $1.40 last night fml

hacken.io/

Solid explanation

Everyone did, people got hyped and did mass fomo

They had good reason to fomo. The FUD attack just fucked it completely so they could buy in cheap.

Thanks. Some people seem to get it but no one has layed it out yet. Also realize that they have VIP180 holders that they can't completely screw over, so it has to retain "the same functionality." They also explicitly said this is a DeFi move, so there is a reason they want to get onto Ethereum. Mark my words, the ERC20 token will eventually have more functionality related to DeFi, even if that is not stated by the team now. The FUD is stupid because this really comes down to the token being an ERC20 and being much more limited, so the price will always be much higher than the VIP180 even if the Telegram adminis say "they should be the same price eventually."

Do you guys think it’s gonna moon again this week

Guess it depends on the AMA and how the ERC20 defi will work. If its just providing liquidity for fees then that's wholesome and all but food scam tokens have raised false expectations.

It's too much for the 90% of retards to comprehend I guess. They probably still don't get it

Can any shill spoonfeed me what the token does/used for?

Just join Telegram and ask away

I think you use to token on the hakenapp

same we all make it in the end.

Basically they're expanding into the defi space