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
Finally someone made a thread. I apologize for not being here making one earlier, turns out my ISP is banned from posting any picture, only on Zig Forums though.
Sorry anons, I won't be able to make these threads comfy anymore. I hope that other holders can take the reigns for the time being.
Austin Kelly
Gotcha, ISP banned aswell but will be free in a few hours.
Lucas Jenkins
Fuck Hiro, fuck advertisers, fuck the fucking niggers jannies and mods both running this board and website as a whole. They unironically leave scam threads and other worthless crap running rampant but a little "nudity" and they lose their minds. I was wrong to assume they were tame like those on /an/. It makes me seethe to no end.
Also regarding xETH, it looks like the team is considering modifying the rebase and/or taxes. Turns out it's done manually and I apologize for telling people the opposite. They're planning to make this process automatic in the future, however. But for now, the community and the team both have been discussing and in short it looks like the daily rebases will be reduced because this wouldn't be sustainable in the long term. Right now fudders are having a field day trying to make people sell.
The good stuff is still coming, though. Marketing has been confirmed, along with LP-Staking in the works. xETH should hopefully remain a comfy hold this week at least, but I wouldn't be surprised to see the price fall back down to $7 at worst. At any rate, the daily rebases should maintain your profit or help you break even.
Ryder Rogers
>Also regarding xETH, it looks like the team is considering modifying the rebase and/or taxes.
Which percentage did you vote and why?
Benjamin Carter
For both votes, I picked the less likely option to be chosen - the ones at the bottom, just to be a contrarian. But for real, I would have voted for the rebase lag to be 1/25, and 7.5% for selling tax.
Even at 1/20, I believe they're way too high despite how good it is to see your stack massively increase. The deflationary tax alone cannot counter inflation with our current rates. So with both a lag of 1/20 and a selling tax of 7.5%, it helps forcing people to adopt a long term approach. However, we all know that if it starts making people feel trapped, then it wouldn't take long for the pyramid scheme/ponzi narrative to form in the collective opinion.
I've seen people complaining about a slight volume decrease in the price channel, and some people raising legit concerns about the deflationary tax not being enough to prevent the rise in MCAP on the main channel being shut down unfairly by overly positive holders. I don't know what to make of it. It's likely people being a little salty due to the small price retrace from $14 added to the future rebases being smaller in size. Or maybe a coordinated FUD attempt in order to bring the price down, so that the youtubers contacted by Sarah and the marketing team could have a lower entry to properly fill their bags before going full blast with the promotion. The latter is my schizo take on the matter but despite how good xETH turned out to be for me in the last week and a half I can't help but being fearful or paranoid
Angel Morales
>and some people raising legit concerns about the deflationary tax not being enough to prevent the rise in MCAP on the main channel being shut down unfairly by overly positive holders.
Yea - tax should be higher and rebase lag probably aswell. This isn’t sustainable for weeks - let alone months. Things you’re saying are based user, I am with you on this train counting fat stacks of cash - but it feels like we might crash in the coming weeks for sure.
Noah Peterson
my ISP is also banned, fuck jannies
John Ortiz
I seriously hope that in the case of a crash, we'll be able to bounce just like those who bought the top at $16 near launch. Based. Fuck them all.
Carter Rivera
>pyramid scheme/ponzi narrative take a look at core, it's a literal ponzi scheme and it's mooned hard. Don't see why this can't do the same.
Eli Clark
One of 20 people to put 5 ETH in on the original presale, maade about 30 ETH which is nice but if I had held this entire time and sold now would have made 150 ETH ouch. People who have held since presale now have 11.3x more than they started with, and the value has increased by 3x currently. Need price to go down so I can buy in again.
>I seriously hope that in the case of a crash, we'll be able to bounce just like those who bought the top at $16 near launch.
We will for sure - but it will scare the fuck out of me if it happens.
>Don’t see why this can’t do the same.
True, that’s my take aswell. If they increase lag and higher taxes we can go to insane prices - imo.
Brayden Lee
You're right. xETH's advantages compared to AMPL and even xBTC remain unparalleled for now, so it's likely we'll know another leg up. The TG channel only has 1/4 of xBTC in terms of numbers. >I had held this entire time and sold now would have made 150 ETH ouch Any profit taken is profit in the end, user. I hope you'll manage to find a cheaper entrypoint.
Ian Hall
i really hope the price would go down a bit so i can accumulate more
Jaxon Brooks
Thank you based poster I hope you find huge gains. I'm sure hedging my bets will pay off in the future, but even now I'm glad to have sold a lot more than my initial investment.
God I wish I could contribute too. Nice picture user!
Brayden Parker
Will you ever get released from the jannies jail? Or perma Zig Forums ban?
Isaiah Flores
ISP bans usually tend to last for weeks, if not more. I remember one preventing me from posting altogether lasting literal months in my area, and I didn't do anything wrong at the time. Some fucker spammed CP on Zig Forums a few hours prior. No matter how many times I used the feedback option at a last resort, they never listened to my claims regarding ISP bans.
It's the fucking worst. This time it's only on one board and only pictures, so it's manageable.
Owen Harris
Looks too goooood, still a good buy point I guess?
Leo Taylor
The next rebase isn't due for at least the next 10 hours, or so. Meaning people will try to grab a bag before it happens, or maybe some will sell because they can't wait for the next rebase to come, in fears of their holdings losing value because of dumpers. It could go either way user.
Personally I'd wait for 0.025 eth per... but the fomo is strong and has been for a while. Either way you're buying market share, it sounds retarded but price is kind of irrelevant unless you plan on selling the same day
Robert Bennett
Hmpf, don’t think that will hapen today - around rebase time we always go up again!
Connor Lopez
Fucking jannies banned em while i was havin a go fucking nig jans
Aaron Miller
I'd consider 20% to be way too high - people were already wondering if 16% wasn't too much 2 days ago. But high percentages create FOMO. Surely there'll be a kind of balance keeping the price in the $8 - $11 range this week before >Either way you're buying market share, it sounds retarded but price is kind of irrelevant unless you plan on selling the same day marketing goes full blast, I guess. No, you are correct. It's very similar if not the same thing as AMPL, it's just that this time the rebases are always positive. What matters above all else is your share of the mcap, price is "secondary" in the sense that the token has been designed to crab in a range. The longer you hold, far higher are your chances of making a profit or at worst breaking even. That's of course taking into account the possibility that the volume and/or buy pressure will stay at sane levels, thanks to the promise of daily rebases. It's really like walking on thin ice, but I've made this risk clear several times already. xETH remains a high risk DeFi experiment, a valuable and first of its kind, but an experiment nonetheless.
Josiah Robinson
>Surely there'll be a kind of balance keeping the price in the $8 - $11 range this week before marketing goes full blast*
Ayden Hughes
Do they have marketing planned?
Bentley Smith
Wanted to take a screen of "her" message instinctively, but you'll have to make due with a copypaste.
Sarah : "Huge roll out of youtubers this week guys. Just landed another one on top of the last one (prayer smiley.png)"
Ethan Williams
Also, someone got tired and dumped the price back to $8.8 - it's likely we'll crab between $8×and $11 or even $10.5 as I surmised.
