Benny
5.8K posts

Benny
@Benny_Legends
Clipper Nation - Member 4/29 - Aussie!











ANKLE BREAKER OF THE YEAR?!? 🤯 Payton Pritchard dropped Vando off the screen 🤧



390x cost reduction in a year!






IT'S A LONG ONE - YOU'VE BEEN WARNED Plenty have been wondering. Many remain skeptics. Some have gone down the rabbit hole to gain understanding. $FATE is definitely novel. It's perhaps different than anything in crypto. But what makes it work? Well, for starters, it's built within the @LabNinety1 ecosystem, and the concepts and mechanics are underpinned by the strength and utility of $FLD and all of the protocols and tools that were built underneath it. Success would be impossible without the integrated layers of all that came before it. Second, our team has managed to build enough trust within the space (and outside as well) to be able to attempt something this bold. Our reputation has allowed us to create mechanisms and processes that would otherwise be frowned upon, or even labeled as nefarious. These key reasons are what make $FATE likely impossible to duplicate. If one were to try, they'd have to go all the way back to the beginning, not to mention already have a solid reputation, or do their best to build a strong one. A summary of $FATE: PRICE FLOORS As some of you are aware, $FATE 's contract is built in such a manner that it tracks 2,652 predetermined price floors. Once the token moves through a price floor, it cannot retrace to the previous one(s). How does that work? If the token price (relative to $USDC) retraces 12% from the current price floor, all DEX trading is disabled until it moves through the next price floor. TRADING OPTIONS When DEX trading is disabled, the trading options that are available to holders are our OTC platform, PASS.ninety1.io , or concentrated liquidity positions. Once $FATE moves to the next price floor, DEX trading is enabled, and all options are open. LIQUIDITY LAYERING @LabNinety1 is using what we call "gradual liquidity layering" to distribute a portion of the supply, using concentrated liquidity pools ("CLPs"). How does this work? WARCHEST CONCEPTS The Lab has what we've coined the WarChest. Currently, the WarChest consists of $FATE tokens slowly moving into circulation and $FLD and $AVAX that were collected at the time of our pre-sale. Each cycle (the range between the 12% correction and the next price floor), LabNinety1 builds positions of single sided $FATE tokens at the bottom half of the range. As these tokens are obtained by holders, the disposition of the CLP changes to 100% $AVAX once it moves through the range. This $AVAX is then used to buy back a portion, but not all of the $FATE tokens that were previously sold. This means that we are "selling" $FATE at the absolute bottom, and buying back at local tops. This benevolent structure ensures that our holders are offered an opportunity to position themselves optimally, knowing that support will follow. RUNWAY We've all heard about runway concepts. Eventually they run out, run dry, or otherwise run out of gas. What makes the $FATE runway different? Well, a few things. First, the amount of $FATE layered into CLP positions is carefully calculated. And the amount bought back is deliberate as well. Working in fractions of a percent for each cycle, the robustness of the WarChest can deliver positive impacts to the holders in a manner that is not infinite, but almost as limitless as the consensus becomes from its users and holders. Each cycle results in a few less tokens in the WarChest, and eventually it will run out. How does @FATEonchain evolve it to a limitless structure? Is that possible? Yes. (cont. 👇)

















