@Bancrypto__ Trenching every day means that one will naturally run into great opportunities often and the ceiling is pretty much limitless. It's a lot better for those with small ports. Profits can always be rotated into long term holds.
Can we quit saying they burned $370m? Something is only as valuable as someone is willing to pay for it. And that many tokens dumped at once would only have a value of $6.5 million - not $370m. A fact Pump should be all too well aware of.
The future of $PUMP
We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community.
On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue for the next year to instill trust, predictability, and sustainability for the underlying ecosystem - and to remove as much of the supply from circulation as possible.
$PUMP is changing; for the better of token holders, the team and the ecosystem.
Learn more about why we’ve made these decisions and where we’re headed next 👇
There's nothing "decentralized" about human management arbitrarily freezing customer funds on the platform. While it may very well be the most prudent decision, we need to stop referring to these sites as DeFi. I think a better term would be something like "programmable" finance.
@NewsyJohnson I’ve seen that comment a lot lately so I sat down to do some reasearch. Turns out there isn’t a ton of correlation between exploits in bull vs bear. It likely just feels like less because the euphoria of a bull absorbs not only the headlines but negative price action better.