๐ฅ Upcoming AMA
Frens, get ready for some Preon x @ChronosFi_ action ๐ค
We'll be hosting a Twitter Space AMA, going over the partnership & more!
Special Guest: @island_westlake ๐ซก
๐๏ธ Set your reminders โก๏ธ https://t.co/jqwipv1OqR
Note: We may have some sweet rewards... ๐ธ
๐ In the depths of the DeFi universe, something stirs...
Born from endless epochs of strategizing, building, and refining - a disruptive presence awaits the crypto natives.
Are you strapped in, anon? ๐
Because Preon, launching on @arbitrum, is about to lift off! ๐
1/12
๐ In essence, Preon <> @ChronosFi_ symbolizes the innovative future of DeFiโwhere collaboration drives progress, building a stronger ecosystem for all.
Ready to join this journey?
Hop into our Discord and join the conversation! ๐ฌ
https://t.co/TQ49LtxcqE
9/n
Preon ๐ค @ChronosFi_: A Match Made in the DeFi Heavens! ๐
We're proud to announce an extension of our long term collaboration with @ChronosFi_, as we approach launch on mainnet. ๐
Read on, as we explore:
๐ @ChronosFi_
๐ The Partnership
๐ The Future of DeFi
& more
1/n
@SphereDeFi Current phase is my most exciting as I am able to buy sphere every pay day for less than a penny. When Iโm the future (2-3 years) it will be worth several dollars.
@tradinthetrend@SphereDeFi I agree with you this burn will not raise the price and didnโt. Neither would scorer 400 million sphere burn. They would have to burn a few billion and the only way to do that is to buy and burn which means they interact with the LP.
@tradinthetrend@SphereDeFi If demand is higher than supply price will go up. For now the burns affect the market cap immediately which everyone loves to reference in crypto as if they are stocks.
@tradinthetrend@SphereDeFi Not necessary to hit the LP to have price action. This is why I said overtime will help price action. If the demand is for 10 tokens and there is 20 your example is correct. Eventually the burns bring the supply to less than demand the price will go up and never touch LP
@tradinthetrend@SphereDeFi And lower the Market Cap which as more burns take effect will increase the price Over time. Itโs just the beginning of the deflationary era.