Hello anons. It's that time again. To make it short, here are the pros of xETH :
>NO NEGATIVE REBASES as long as xETH remains above the peg of 0.01 ETH >Basically solved Ampleforth's problem >Dynamic deflationary mechanism applying a 5% tax to every sell in order to reward holders and prevent sells >Team is legit, reimbursed someone who lost his funds and are planning to buy 50% of their funds in good faith >Weekly chart indicates that if you buy in the $4 - $8 range, you'll be in profit NO MATTER WHAT after a few days >Holders and volume both steadily increasing >Sitting at $6M marketcap
Here are the cons : >5% tax isn't enough as a deterrent against sells, but it may change automatically in response to the price and rebases >liquidity is still low (for now) >NO VOLUME = DEATH (price above peg = everyone will want to sell their profits first/price below peg = "lmao who the fuck will buy an experimental rebase token if nobody will be greedy enough to buy after me" )
Hopefully, the liquidity issue will be solved thanks to LP-Staking coming on Friday and the rewards that will be provided as an incentive to add liquidity. If successful, the volume will increase in tandem given that a less volatile price WILL gather more confidence for potential buyers, meaning more people will be aware of the rebase and the interest in holding, etc.
Pics like these make me emotional for some reason. I feel happy being born now since I could still catch the crypto train in time before massive normalfag adoption in the next ten - twenty years, but I feel sad because real VR and fully fledged VR probably won't be a thing until at least 2050.
At least by making it I'll hopefully have the funds, time and peace of mind necessary to properly experience what the future has to offer in that department. Maybe even invest in companies making 2D closer to reality. Time will tell.
And you have every reason to be skeptical, since it's not particularly ground-breaking. It's just a rebase token without the hindrances of AMPL that was listed 2 weeks ago. Its main advantages again the competition are the low mcap, and how easy marketable it can be as a money printer/hedge. (see pic related) As I've said countless times in my previous threads, if the volume/buy pressure decreases significantly, it won't take long before the whole thing falls apart. I've been shilling xETH for the past 4 days making sure not to leave this detail out, as I feel it wouldn't be honest to tell other anons to jump in without making them aware of what they're getting into. In fact, I waited one week before making threads here to ascertain if it could be considered sustainable at least for the short/mid term before talking about it here.
The sandcastle of holders is getting bigger as I speak and as that nigger said, the community and team both are playing the game in order to make this last. I hate being associated with these people but greed is more of less the same no matter where you look at in this space.
