Time has finally come. Spring launches tomorrow. Perfect time to accumulate marketshare.
medium.com
Coil Spring Launches TOMORROW
Adrian Hernandez
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Camden James
So electing longer get you higher stake weight and pool share and higher multiple of rewards, but if you pull out early you pay a penalty. Interesting game theory.
Mason Sanders
What's optimal time to lock?
Easton Roberts
This is quite interesting. It seems longer is clearly incentivized as your stake weight really jumps plus you get the multiplier. Longer should be very profitable. Because someone locking 1 day can get high apy if no one else is in but if someone locks 90 then it really hurts their apy as they will gain a huge share. So I think longer is worth it.
Lincoln Morales
Yep exactly. I actually see this being very pumpable. Much supply will be taken off the market. So if this thing pumps to say $4 and people are getting 30% rebases, I could see some wanting to pull out. If they do, but reading this, I think if you lock for 90 days and pull out after 45, or only serve 50% of your time, you would lose 25%. I could see people not paying attention or realizing this and pulling out and paying huge penalties. Then the Eth penalty portion every week buys Coil on the market and putting that back into the pool for those in there. So all these penalties can be a huge huge reward for those with high stake weight in for longer lock.
Angel Rogers
Agree. I mean if many lock for full time in first week then there is no way this doesn't rocket as that means there is nothing to sell. The amount of coil in pool will dampen huge pump but it should lead to long sustainable growth and positive rebases. This think can sit flat at $1.25 for 60-90 days and make a ton.
James Hughes
Wait this shit is 500k marketcap, first mention on here including in Archive so it doesn't seem shilled.
Is this actually a gem on my biz
Dylan Clark
I have been watching this one on sidelines. Waiting to see how this plays out. This has actually held up very well as all crypto has crashed. Pretty sure the mcap is turning to expansion phase soon and this should propel it. This idea is very intriguing so I think I will see how a day or two plays out before jumping in.
Juan Carter
Yea I been watching this one. There was one or two posts at presale, but none since. I didn't join. But it's cheaper now anyway. Def under radar. Only just under 300 wallets. Supply contracted which makes it easier to pump and I think now it's about to take off. So will likely get on board in next few days.
Christian Miller
Yea the weekly market buying of coil with penalties is pretty cool. Wonder if there is a way to track penalties accrued because maybe you can game this and get in before the penalties market buy. If there is large penalties these buy backs can get crazy and I can see that if price pumps hard. People taking penalty to take profit then it just pumps it more lol
Ethan Hernandez
Has to be a way we can figure out to track the penalties. But I'm not sure you can really game it because I dont think the time is set just the day. I guess you could buy the day before and try to sell if penalties are large, but I think just being in and being locked for the locker time with the higher stakeweight just would be better off since your stake weight will be higher and you get a larger share of all the penalties when they are redeposited into the pool. On top of this you get the benefit of the price appreciation of the buyback.
Andrew Myers
True but if you can arbitrage this and make a few eth it's still beneficial to do that as well with no risk. Profit is profit.
Hudson Gomez
Yea I mean you can trade all these rebase coins. and this is 23 hrs so you can arbitrage the rebase as well as trade the penalty too. So many ways to do it, but the Spring seems so low risk, high reward. I mean they are paying out over 90 days 1% of the the supply. At 500k mcap and such a small circulating supply this has to go. This whole liquidity system will have way to much profitability for this not to go up multiple x. It locks up coins, allows people to see how long for, it buys coil on market, and redeposits back to those in the Spring. One top of this you get rebases. So when this does pump your balance is also rebasing too. This is crazy stuff.
Parker Miller
Ampl rekt me. But fuck it. Will get a suicide stack. I got in ampl at 1 bil mcap. So be nice to get in something at 500k mcap instead that won't rekt me.
Colton Bennett
Where to buy?
Kevin Hughes
Im pumped for this. I was rekt in ampl as well. 23 hr along with the contract style geyser makes me a player. Prices below presale right before this launch? Seems like a no brainer to me. Im gonna give it a shot.
What time is live tomorrow??
Sebastian Ortiz
David Foster
If you are too dumb to figure it out, you don't deserve this...
Xavier Hall
You did enough spoon feeding. Fuck the dumb anons who are to lazy to use coin gecko or cmc
Jaxson Murphy
I don't see the point in these rebase coins. But they make money. Some rich ass ampl mofos
Brody Lee
This shitcoin was heavily shilled a month or so ago but it was nearly DOA
Bentley Collins
Then you are a brainlet. They are less correlated to btc. So when demand is down they contract supply which makes it easier to pump back to its target price. When there is high demand and price is high, it adds supply to everyone to get them to sell to push it back to target. Makes it a good medium of exchange like a stablecoin but also it can bounce back unlike other cryptos in longer bear markets. Ampl will likely be used as defi collateral one day. Good stuff, the issue is ampl is manipulated and controlled by the whales like brian armstrong. Elastic supply is new and most are too stupid to understand it, much like they were when Btc and Eth were new. Early days.
Lucas Walker
>I got in ampl at 1 bil mcap
No you didn't, it never reached 1 bn
Cooper Myers
Yea I bought this shit. Thought I could make a quick buck or it would rug. So threw a little in. Hasn't moved much. Least they actually releasing what they said though. Hopefully it can make my loss back. Though I didn't get much
Alexander White
Same, I bought an ETH's worth thinking maybe I could double or triple it, but it would take a lot to get back to profit
Ryan Bennett
it did reach 1 bn Mr pajeet, it rekt me also. Too much confident in spring it's just no brainer
Charles Jenkins
Peak MC was just over 700mm, where are you getting your info from?
Gavin Garcia
I threw in 5. This geyser seems like it has chance to be solid. Just glad it didn't rug. I don't like to sell anything for loss. Eventually most pump to get out. It's still early and low cap if this is actually good.
Aaron Rivera
just to prove you wrong pajeet here see MC ampleforth.org
Sebastian Smith
That has to be fully diluted MC, but according to that it was 1.62bn which it absolutely did not do.
I don't think Coil will ever reach anywhere close to 500m MC. There are dozens of AMPL clones, why would this one beat out any of the others?
Levi Smith
Depends if you count ampl mcap by the total supply or circulating. I'd say total is more true but I guess it's locked so to each their own
Bentley Rogers
Doesn't have to. If this goes to 50 or even 25 mil we all can make a shitload. I think the Spring is what sets this apart though. Its super pumpable if you dig into it. None of those others do anything like this. This is combining hex into ampl both of most pumpable features sort of. Both pumped like crazy, so there is no reason this cant with the way the Spring is designed imo.