>AELF partners with SashimiSwap on the promise that they will integrate AELF more directly to allow for cross-chain defy between AELF and ETH.
AELF pumps 60%.
Sashimi unironically made AELF pump.
>No Dev Fee
>True Defi
>Day 1
>Just ~$5m market cap.
this is just the beginning
Other urls found in this thread:
twitter.com
twitter.com
twitter.com
So I know you are just shilling, but I'm in. It looks like it's going to do exactly what sushi did initially. Doubtful it would go on binance lol.
God damn food meme coins
I’m not really shilling to be honest. It legit seems like an obvious play
So with these food coins. Is your best bet to buy the token itself and hold? or should you be farming it?
Id say farm liquidity pooling you only lose like 30% of the upside. And apy is like 10,000% rn
Half a billion dollars locked day one. Take a moment to fully consider that lol
yummy
i bought this 4 hours after it started at around $4-5 per token and was farming it for around an average of 18000% APR, but the price tanked to $1... tell me I'll make it user :(
tell me my god dman strong hands will pay off
At this apy more people need to buy it up to close the rate to a normal amount. I feel like it’s a no brained purchase so long as apy is so high
You can almost cost average down a bit as well
Who is brave enough to lock up their hard earned tokens in an unproven protocol ?
some small exchanges just listed us. twitter.com
waiting for some of the bigger ones.
Always*
Even if you buy 20% more you’ll cut your total avg cost in half
Already on blockfolio albeit at the wrong price
How long until uniswap releases its own token and this shitshow ends?
Blockfolio looking into the near future
Quite a while
Its quite a large cap for only being a day old. To be honest, the hype alone is giving me a boner.
twitter.com
token not needed
Nice is that kyber founder?! Listing soon???
>more people need to buy it up to close the rate to a normal amount
ponzi
can anyone tell me how to get into these farming coins early without getting rugged?
idk how people throw millions into these within hours of launch.
does everyone just have devs on standby that can see, or is there an easy way of looking for rug pulls?
i know the obvious ones, draining uniswap liq, holding most of the supply
but have no clue how to tell if the mint functions are standard ones the contract needs to distribute rewards or if they're malicious and can be used to mint all the devs wants
It’s the opposite of a ponzi lol. The less people there are the MORE you make. The reason people will come in to close the gap is that the return is too high to pass up
1000 sashimi per block split amongst farmers... right now there are so few farmers relative to our out that apy is 10,000%.
Market mechanics would dictate that more people need to come in use to the high incentive eventually bringing the apy down as more people claim a portion of the 1000 sashimi per block
These guys partnered with AELF directly and are CO dev’ing with them so a lot of the confidence probably came from that
Do you know if the 1000 sushi per block reward will decrease eventually?
I don’t believe so... my understanding is it remains but the amount of eth locked increases
How does amount of eth get locked? You mean by the team?
When migration?
it wont be a migration, itll be an integration. Im not sure that a timeline has been released yet. The project has only been live for like 20 hours
Locking happens when holders commit ETH and Sashimi into the Uniswap liquidity pool. in return they receive ETH-Sashimi liquidity tokens as proof of liquidity which they can then stake on sashimi.cool to claim farming rewards in the form of more sashimi
Oh ok. I was hoping tokens get burned or locked forever
Economics at play seem fairly straight forward regarding price action
1.) launch to $7: initial hype pump by insiders
2.) $7 to $1: very few people held sashimi, so the huge apy was going to a select number of early buyers, the same insiders mentioned above
***[NOW]***
3.) $0.80 to $1 stabilization period: The coin will be distributed to more people, this will lead to lower APY rates and more greatly distributed farmed rewards (across many wallets rather than a select few) which will gradually dissipated the sell pressure
4.) $1 to $5/$10 range: Sell pressure is neutralized and buying at reasonable APY rates commences allowing for a true price discovery phase.
benefits of buying now would be to capitalize on the insane APY
How often are farming rewards distributed ? if i stake 1000 right now how much will i have tomorrow
It pays out in real time. I bought about $1500 just to test the waters and I’ve farmed about 70 sashimi ($70) in like 3 hours so about $560 in 24hr if current rates hold. They’ve already come down a bit from when I started though
Also it will become fully decentralized, sashimi will be the governance token
dont you get fucked by IL using the native token in LP?
IL?