Looks like I was seething for nothing yesterday. Holders, volume, hype, price, interest, daily rebases - all are increasing, faster than I originally expected despite that fuckup regarding a random party triggering a rebase. Word of mouth, the nice compounding rewards and the united community are likely to thank for it.
Here is why you should buy xETH : >Elastic supply token like AMPL but WITHOUT THE NEGATIVE REBASES >Rebases occur when xETH's price > 0.01 ETH >Rebases are compounding, so it's like a savings account but with higher daily returns >Serves as a hedge if ETH dumps >Deflationary tax decreasing the supply meant to PARTIALLY discourage sellers >Price fluctuating between $7 - $12 in the past week, meaning this range is safe to buy and wait for the daily interest given that after a few days of patience you'll break even at worst or see profit at best >Team and community both are engaged and united in order to make this work. Dev wallet burned has of its inflated funds and will do it again in the future if needs be >Get comfy in these threads (does not require buying)
Here's why you SHOULDN'T, or at least THINK TWICE : >xETH is essentially worthless, if people don't try to make it last it won't be sustainable >ANONYMOUS TEAM >CODE HASN'T BEEN AUDITED BY A LEGIT PARTY >low liquidity, wild price fluctuations (fixed soon™) >NO VOLUME = DEATH >SINGIFICANT DECREASE IN NEW BUY PRESSURE = DEATH
>Dev wallet burned has of its inflated funds and will do it again in the future if needs be Dev wallet burned half of its inflated funds* One day. One day I'll be able to phonepost without spelling mistakes.
Actually, I'll make use of this opportunity to shamefully self bump and post the proof that they did burn tokens. Compare pic related to today's etherscan balances for xETH.
Pic related is the plan for the liquidity staking rewards. The received tokens aren't eligible to the rebase, but the rewards stay constant no matter the price of xETH. As it's very likely for these juicy rebases and the price to retrace after this initial hype, this ensures a stream of income so to speak if you believe in the long term of the project. This will also help in preventing wild price swings, certainly adding to the buying pressure for investors who'd feel safer getting in. However, it might also allow for BIG wallets to sell. I hope everything will turn out well.
Now that I'm done with the boring pictures, time to get that thread back on track. I'll bump it periodically with the good stuff.
It's funny. I've been trying to tell Zig Forums about xETH daily for almost a week now. I like to think that people who bought after my thread on September 28 are currently in unrealized profit, or maybe already sold. For once that I actually talk about and endorse something that pumped. And still, these threads have a daily average of 5-6 posters at best. I hope that lurkers and fappers both managed to get something positive out of my efforts.
