Every day until you like it, even if I bet that I'll see this thread at page 10 like all the others. The threads not being active should be an indicator that the usual TG trannies and other repulsive pajeet shills AREN'T AWARE of xEth yet. It's only $5M mcap. AMPL is $90M.
To make it short : xETH is a rebase token pegged to 0.01 ETH. If the price of xETH is above 0.01 ETH, all holders receive more tokens in their wallet, ending up owning a larger part of the mcap and making a profit as long as the price doesn't decrease too much below their entry point. If the price of xETH is below 0.01 ETH, nothing happens. You don't have less tokens, there's no negative rebase.
>How is this sustainable? Keep in mind that the idea is relatively novel, but it's simple. xEth has the particularity of being deflationary, meaning it heavily penalizes people not willing to hold with a "tax". 2.5% of the selling transaction gets burned, forcing you to put at least 5.24% slippage on Uniswap before selling, and in return it makes holders own a larger part of the mcap little by little.
>So far so good right? It's been 10 days since I bought. I now have 339 tokens compared to ~191, and the price pumped since. I'm in profit.
Risks and red flags : >THE TOKEN IS USELESS ON ITS OWN OTHER THAN "muh free daily compounding interest" >Every rebase you must pray for other wallets to be greedy enough not to sell >Liquidity is still low, price is volatile as a result >Volume and buy pressure are needed to keep the price above 0.01 ETH as the selling tax alone isn't enough of a deterrent especially for BIG wallets
Technically, LP staking coming on Friday should be able to solve the volatility and volume problems for a time. Besides, by looking at the charts on CG, you can easily verify that every dip going below $6 gets bought up with the local top being $8. It's slowly but surely crabbing upwards, and holders are steadily increasing along with the volume.
You've been made aware of the pros and cons. The choice remains in your hands now. But don't go around saying it became successful out of nowhere when I've been posting about it for 3 days now.
Coordinated. Pump. And. Dump. you've been warned user
Luis Phillips
Please tell me how so. At least if you had any basis behind your claims. In the past week I personally have seen nothing of the sort, even though the price dipped quite nicely from $7 to $5 due to the low liquidity, even going as low as $4.3 if I remember correctly. It's not the first time it happened, I'm pretty sure 4 or 5 days ago the price behaved similarly.
