#Redemit is positioned for a supply shock, capitalizing on the potential of Uniswap v3 and the ability to withdraw fees through the custom lock created by rfd.eth
Additionally, the fees are being utilized for buybacks and burns, adding to the recipe for success💹
rfd.eth has just bought back and burned an additional 2% of #Redemit tokens, bringing the total burned to an impressive 5.0905%! 🌋��
The increasing burn rate is a clear sign of a bullish trend! 📈💪
An overview thread on #REDEMIT, a project launched by the top holder of $RFD with the support and backing of other $RFD whales 2 days ago.
Why I believe it is EXTREMELY undervalued as of yet
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It’s been 28 hours since we went live.
3% of total supply burned ✅
v1 website launched ✅
Dextools updated ✅
Cg and cmc applied ✅
Etherscan update submitted ✅
Really excited with the community that’s forming. Thank you fam!!!
Its Official: 0x00...dEaD has emerged as the top #Redemit holder, with a remarkable 3.0905% of the total supply within just 24 hours!
Just imagine the potential for token burns in the coming weeks and months.
The future looks incredibly promising!
🔥 Another 0.96% of #Redemit total supply has been burned by rfd.eth!
The dead wallet is now securing the spot as the third-largest holder.
Will it claim the top spot before the day is over?
11/ Keep a close eye on what happens when the dev pulls the fees and sets new bands, performs a significant buyback, and burns tokens. The future is promising.
#Ut_Redemptio_Vestra
10/ $RFD was the starting point, and now the journey continues with the enhanced UNI V3 liquidity.
Get ready for redemption. Free yourself from the constraints of v2 enslavement.
9/ It's worth mentioning that the dev has already locked liquidity and burned over 1.6% of the token supply. This showcases their commitment to building on a revolutionary concept and improving it.
8/ At this point, the developer can claim pure ETH rewards, which can be reinvested in the chart. They have two options: a) add to liquidity and create new, stronger bands, or b) make things deflationary by burning tokens.
1/ For the people who don't understand #Redemit UNI V3 liquidity and how it works.
Shoutout to @Krypt0nian for putting together this insightful thread. Let's dive into UNI V3 liquidity and its mechanics.
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6/ To put it simply, within a band, a 5 ETH sell might only have a price impact of 10k on the market cap. However, outside of the band (in between bands), a 1 ETH buy could have the same impact. This creates a system where jeets are punished, while buyers are rewarded.