Ampleforth created the rebase mechanism with a very interesting supply system but it failed to be a stable coin. Despite that fact it was successful on delivering this new mechanism.
Now xBTC has come and created a strong hedge instrument against BTC Dominance. Why is it much better moonshot than AMPL?
- Under 10M cap - Active Team with strong daily updates/announcements - Active community growing daily with almost 2K holders already - Strong daily volume - Many investors that backed AMPL are also on xBTC and the hype is picking up.
Loaded some bags for a potential 100x moonshot here. Thoughts?
>Under 10M cap I think it's around like 3.6M at the moment. Ample's top (700M) is 200x away, even 100M would be HUGE.
Robert Anderson
I will have 100$ if it does a 100x.
Leo Cox
thanks for your advice user. already went all in xbtc. comfy af
David Moore
I will have 400k and the top 50 holder will have more than 2M (which desu makes me think it's not going to 100x)
Evan Cook
Let me explain how rebase for xxBTC works, it took me a while to understand.
Every 0000 UTC or 8 PM EST rebase occurs, also BTC market dominance percentage is captured for the next rebase. Anytime the current price of xBTC is 5% above or below the BTC market cap dominance it adjusts the supply accordingly.
Right now BTC market cap dominance has been sitting steady at 57%, as long as xBTCs price is above 0.6c it will go through a positive rebase and increased your xBTC supply. It's literally been positive rebases everyday since trading started.
