yuh i get that "muh flywheel mechanics" but you cant be serious. If your serious about $PAPER then just farm it yourself. This is a pure speculation play for those 'intellectuals' who are interested.
love papertrade but these new projects popping up around papertrade are just max extracting at this point.
So you can either
A. Get a shitcoin $PSTR and pay a 10% tax on it, so your already 10% underwater and have to pay ANOTHER 10% tax to exit
B. Farm it yourself - no tax
$PSTR is a fair launch on hyperevm.
the tax starts at 99% and drops 1% every minute until it hits 10%, lasting around 90 minutes. after that, 10% stays as the normal buy/sell tax.
what happens when you buy during the fair launch:
- at a 70% tax, you receive 30% of the tokens you bought
- the other 70% is sold back into the pool instantly, and the proceeds go to the treasury
- net, it's as if you'd bought 30%
so don't be surprised by the chart during the anti snipe window : every buy spikes the price, then it pulls back as the tax is sold. that's the treasury filling not someone dumping.
how to buy:
- on our website: the current tax is already set in your slippage.
- on hyperswap: slippage is capped at 50%, so buys will fail until the tax drops below that, around minute 50.
we recommend you swapping through our frontend, no additional tax is applied.
As funny as these posts are, the rainbow charts n all that. One must internalise that when you’re bullish on an asset, your outlook should be multi-year in most cases. People trying to buy 2% lower while aiming to sell at 400k will get neither.
Just hodl it bitcoin:native
@paperdao_xyz Is there any reason to pool capital? Like in the end it’s all pro rata and there is no additional incentive on size if it’s pro rata. Thus what’s the point of this lmao?
Yellownomics Capital Co. is acquiring kinetiq:native as part of its strategic reserve of precious assets. This is algonside $HYPE, $PENDLE, $NEAR, $ETH and $ZEC.
Very true! Also I’m very surprised how mad people are - I also sympathise with the team who is doing buybacks and is tight on cash. Best buying opportunity for $KNTQ ever - thanks @0xOmnia
everyone crying about this would have full clip sold as soon as they received the airdrop 😭
logically the discounted entry is bullish for long term holders. buy the dip with haste.