4096 supply and no decimals. Deflationary mechanics.
A single token cannot be split into parts.
0x4096fc7119040175589387656f7c6073265f4096
The real scarcity.
Just updated docs https://t.co/T4ahr73gvl & 4096 website https://t.co/kABeWlLt1w for quicker navigation
π₯21.16%, or 867/4096 tokens are burned at this moment, almost 90 extra since the last month (~$20k in value on the current MC in a month)
4096 Club is the next step #ERC4096
Teleport was used 9 times since its release
Teleport makes the sells counter go to 16/16 so the next seller will pay the guaranteed 1 token tax
So the community is fully in charge of the burn rate with the tax man being their ally
Join us on https://t.co/knJxsiW8Do #ERC4096
Telegram connection is live! This is a first step for the 4096 Club development.
Visit "TG Connect" tab on https://t.co/yWAmM0uU2M
You'd need to sign a message to get your $ETH account connected to Telegram.
When signing any messages with your wallet, make sure you understand the contents of the message. In this case, it will be a text in the format *your TG ID* -> *your address*
Once done, return to the bot and confirm your connection with /confirm command.
Use /me or /tier to view your Tier and cumulative hold. An exact hold will only be displayed in DMs.
Use /connected to view your connected wallets (only in DMs).
Disconnect an account by using /disconnect. You can change the Telegram ID of connected accounts by using the dapp.
What are the Tiers?
For now its just a visual title. In the future, they might matter π
#ERC4096
Teleport is live at https://t.co/yWAmM0uU2M!
Teleport is a transaction that makes multiple sells until the counter goes to its maximum, and then instantly buys all the tokens back.
Now anyone can instantly make the burn counter at 16/16 or 8/8 (depending on the current LP amount). It will cost you the gas fee and a bit of extra $ETH.
Extra ETH comes from the Uniswap V2 LP mechanism. If you sell X tokens, you would pay a bit more to then buy X tokens back. So this extra cost goes straight to LP!
This update makes the w4096 more relevant even at lower prices, because smaller traders would pay less tax on selling w4096 through OTC market.
#ERC4096
Teleport feature is ready. One last test on mainnet and it will be then available for the public
What it does? Gives anyone an opportunity to accelerate burns by instantly setting the guaranteed burn cycle counter to its maximum π₯
Learn more at https://t.co/kABeWlLt1w #ERC4096
w4096 is live at https://t.co/yWAmM0vrSk!
A special discounted pool will be created at a random time in the future, so keep an eye on the app π
You can wrap/unwrap, create/join/buy pools.
Pool price follows the original 4096 price within the boundaries that are set in the pool (min/max price in ETH).
You can also choose to increase/decrease this price by % or fixed ETH amount while creating or editing the pool.
If you choose to create a private pool, that means only you can sell in this pool and no one else can join it. Also you will be able to edit min/max and additional prices of this pool in the future. Prices of public pools cannot be edited.
With private pools its also possible to set a whitelisted address. In this case, only the address you chose will be able to buy from your pool.
Taxes for OTC of w4096 are the same as in 4096, but they are reversed. That means when you buy, you get taxed 5%, but when you sell, you get the full amount of ETH.
If you got 1 or more w4096, you can unwrap it into 4096 and sell without any tax on Uniswap. There are no taxes for wrapping/unwrapping.
What does this mean for #ERC4096?
As it was explained earlier, w4096 is needed for the future of 4096. It may not be widely used now, but it ensures there are no upper limits to 4096 growth as anyone will be able to get a share of 4096 at any price.
In the next few days a "teleport" button will be released that at a low cost will instantly set the burn cycle sells counter to 16/16. If our LP will stay above 256 for a long time and people will use teleport often, w4096 market might become a good alternative to trade on.
Visit https://t.co/knJxsiWGsW for the main website. Soon it will be redesigned a bit.
w4096 is almost here π
The platform is meant to be used at higher prices to allow smaller holders in, but it is built now to ensure its 100% ready when its needed.
Things planned short term for #ERC4096:
1. w4096
2. Teleport button
3. TG connection
4. Token IDs & pictures
800 #ERC4096 burned!π₯
Slowly but surely getting to that 1024, or 1/4 mark.
In addition to LP nukes, while the tokens amount in LP is between 256 and 512, every 16 sells there is 1 token taken as burn tax regardless of the amount sold.
Learn more at https://t.co/kABeWlM0R4
w4096 is almost finished. The release is this week as planned.
One of the next updates will be a "teleport" button that will allow to set the burn cycle counter to 16/16 just by pressing it and paying tx gas fee. It will make w4096 markets even more relevant.
#ERC4096
With 19.06% burned already, next week we're closing on a 20% burn. 1/5 of only 4096 whole indivisible tokens in max supply are gone π₯
Our liquidity is still over 256 tokens, meaning the burn cycles continue. Going live next week, w4096 expansion will help us burn even more
Next week comes with a very important update for the future growth. #ERC4096, being a token tradable on AMM, in order to be sustainable needs to offer an entry for everyone.
w4096 will allow any 4096 holder to divide their tokens into parts and sell them with a custom price tag in $eth
This will only strengthen the 4096 narrative, as w4096 will open new growth opportunities by removing any psychological upper limits set on the token price.
Additionally, w4096 trades will accelerate the #deflation of 4096, as every OTC transaction will have the same burn tax in place as for the original token.
Happy New Year everyone! 4096 will kickstart 2024 #altseason in the second week of Jan with w4096 release that will allow everyone to be a part of #ERC4096 even at high prices
#CLUB4096 will be live shortly after w/ unique features exclusive for 4096 holders. Get your $eth ready
w4096 is a token with 4 decimals exchangeable to 4096 by wrapping/unwrapping.
How will it benefit 4096?
1. 4096 tokens are not NFTs, though they are really close. As it was mentioned on X, it is a collision between ERC-20 and ERC-721.
So because they are fungible, it is important that people will be able to buy 4096 at higher prices. This is where w4096 comes into play, allowing smaller holders to get a part of 4096 token, and maybe eventually unwrapping it into a real 4096. It also creates an easier way to DCA with small buys.
2. w4096 will come with an OTC marketplace, where w4096 owners will be able to create their own pools or join the others. The price of the pool can be fixed or follow the market price of 4096 with an optional additional price (in fixed ETH or %).
If you're a whale, you'll be able to create an exclusive pool where no one else will be able to join. Parameters of the exclusive pools (min, max and additional price) can be edited at any time.
3. There are taxes on w4096, but reversed. On every buy there is a 5% tax (like 5% tax on every 20+ tokens sell of 4096), of which 4% will be burned. This burn directly benefits 4096, as you can only get w4096 by wrapping original 4096 tokens!
Note: it may seem like a buy tax is worse than sell tax, but there is really no difference. If there was a sell tax where sellers would get less ETH on their positions, they would up the prices to compensate it.
4. w4096 and the existence of OTC marketplace will allow more trading tactics for smart traders, thus just increasing the volume on both 4096 and w4096.
5. At the time of its release, this will be an exclusive platform for w4096. However, OTC marketplace can potentially be extended to accept any other token.
A detailed docs and the platform release will come after New Year. Then you can expect more updates that will target 4096 holders, such as: telegram integration, 4096 club and individualization of each token.
Note: the interface might not be final and the data is just an example.
#ERC4096 $ETH #Altseason
While #ETH might have a limit of 4096 validators, we have a limited 4096 supply with NO decimals. And it's being burned every day.
#ERC4096 is the digital gold running on Ethereum.
And, by the way, @VitalikButerin already owns 1 token thanks to one of our community members.
Who's waiting for the burn area to fill another line on https://t.co/knJxsiWGsW? 751 whole tokens out of 4096 whole tokens are gone forever
While we're still at 256+ tokens in LP, all 3 burn mechanisms are working to reduce the supply of #ERC4096 which is already extremely low
You say its time for the #altseason? How about 4096, the most scarce token on #eth?
4096 supply and 0 decimals. 3 burn mechanisms that already removed 18.24% π₯ tokens from circulation.
#ERC4096 is getting ready for a new phase. Get just 1 and see.