Danbtc
153 posts
You don’t understand strategy tokens… After you sell the bundled rekt 20% higher You use all the eth you made to buy the str token and burn in Creating a deflationary asset When you invest in a strategy You invest in a protocol that buys low sells high with no emotions Sometimes it gets stuck because the price doesn’t reach but as long as a certain project is not dead the price will reach eventually can take weeks months maybe years The difference is this trader = strategy Has no emotions he doesn’t liquidate himself for less because btc crashed So now fast forward 5 years A certain strategy made more then 5-10-100m in profit from selling and buying That is what you are investing in ..
When the original NFT strategy tokens came out, I felt like their format did not match our existing Rekt ecosystem, even though they may match some other ecosystems. For us, we have Rektguy NFTs and $REKT, $REKT was airdropped to all Rektguy holders, rewarded directly to those who have purchased drinks, and continues to be the engine and north star for both @RektBrands and our community. The NFT form of the strategy didn't make sense for us; whichever way you slice or dice it, $REKT and @RektDrinks have very clearly been the drivers of our biggest successes and will continue to be so. They are our focus. After my previous post, @Rhynotic reached out and we got talking about what type of strategy coin could actually make sense for us, and my response was something that would directly drive value to $REKT. The idea of replicating the strategy model, but for ERC20s as opposed to NFTs, was born. It is experimental, not created or run by the Rekt team, and our focus is on $REKT, but in my mind I believe this would work for two reasons: 1. All strategy tokens to date have generated a meaningful amount of buy pressure once launched on the NFT - this would be a direct benefit for $REKT should there be good trading volumes on $REKTSTR, causing substantial buy pressure for $REKT 2. ETH Mainnet tokens often struggle with volume (due to gas fees) - $REKTSTR token would essentially create a new market participant which would be actively buying and selling $REKT, this would improve both liquidity and volumes Of course, there are fears of attention cannibalisation of there being two different tokens, however, I believe the @token_works community has shown that it's been around long enough to continue to want to see these projects, and I think this actually opens up $REKT to a new community, many of who probably are currently not involved and wouldn’t otherwise purchase. Eventually, the ability to launch strategy tokens within the @token_works ecosystem will be decentralised, so at some point anyone could launch some form of a Rekt strategy - this is our opportunity to have a say in where value is directed and make sure its full focus is targeted at $REKT. Of the 10% trading fees, 8% will go towards buying $REKT. As with other models, 1% goes to burning $PUNKSTR and 1% goes to @RektBrands. Of the 1% that comes to us, 79% will be used to accumulate more $REKT for the @RektBrands treasury, with the remaining to be used for federal corporate income tax that will be due on this income. $REKT sees millions of dollars of volume trade every single day, whereas daily Rektguy volumes are often less than $5k. In fact, you will find this to be the case for most NFT projects which have fungible tokens... the cold hard facts are that fungible tokens are generally MUCH more liquid (almost by definition). Consequently I think it's going to be interesting to see how this strategy token works out as theoretically there should be much more active trading and less of a block once a certain number of NFTs have been accumulated, as we've seen with prior tokens. If this works well, I believe it could pave the way for other coins to adopt a similar strategy (now think outside of just NFTs, the universe there is much, much bigger). For us, $REKT will always be our north star and our full focus - this doesn't change a single thing and we will continue to direct all value to $REKT and its success, but I believe this is the best step to take and I'm banking on this being a net positive for $REKT and our community.
🚨 THE INTERNET JUST FACEPLANTED - AND AMAZON’S HOLDING THE CORD Snapchat’s dead. Roblox won’t load. Canva’s crying. Even Alexa’s pretending she didn’t hear you. It’s not you - it’s AWS, the invisible backbone of half the web, choking in its own cables. Amazon Web Services says its core U.S–East servers are seeing “increased error rates.” In other words: the world’s most critical data center just tripped over itself. The outage hit around midnight Pacific. By sunrise in London, social feeds were ghost towns and cloud dashboards were screaming. Here’s the ugly truth: the modern internet is a Monopoly board. AWS owns Boardwalk and Park Place - and when it goes down, everyone’s homeless. Expect ripple chaos: stalled shopping carts, glitched banking, smart homes reverting to dumb bricks. Businesses bleeding millions by the hour. If this lasts, markets will twitch and regulators will start asking the D-word: decentralization. For now, the cloud’s on fire. The question isn’t if it’s fixed - it’s who still trusts the sky after this. Source: Sky News, The Independent, Dataconomy, UNILAD, Tyla
Today’s additions to the rewards pool: 1x CryptoPunk 1x Hypurr 1x Fidenza 3x Bored Ape Yacht Club 3x Pudgy Penguins 3x Quine by Larva Labs 1x Chromie Squiggle 1x Ringers by Dmitri Cherniak 1x Gazers by Matt Kane + $750,000 $ETH Wave 1 ends in 48 hours. What will you find in your chest?
The GOB x GOBSTR x GOBLINTOWN SUPER FLYWHEEL is ALMOST complete. @ajt nailed the trifecta: Deflationary NFT 🤝 $GOBSTR Strategy 🤝 Deflationary $GOB. The missing link? A programmatic bridge where there is a $GOB transaction tax that is allocated to perpetually buy & burn GOBSTR. This creates non-speculative buy pressure for $GOBSTR, solves the low-volume risk, and completes the ultimate dual-chain deflationary machine. We need this loop closed! #GOB #GOBSTR #Goblintown #Tokenomics #DeFi
Max pain up to 1.5 ETH floor, almost 110 ETH was collection within a few minutes of launch.
In every coin and project, the wave 2 dip is what shakes the most people out. Typically you see a correction of 50% but generally, a true wave 2 goes lower to 60-70+%. This is based on sentiment and FUD. Time and time again, this holds true for just about every stock, investment, coin, asset, etc, Every coin and NFT project has its own story and reasons why this happens. But if you believe this project can survive wave2, then wave 3 lies ahead and diamond hands are rewarded. Chart patterns exists because (like it or not), human behavior and emotions have a pattern. The fear, doubt and uncertainty you are feeling in the strategy coins like $PNKSTR and $APESTR or whatever project is real. You are nervous over something. And similarly, you felt the euphoria and limitless possibility while we were riding high at wave 1 peak. Now ask yourself, when you were riding high in wave 1, did you expect this drastic wave 2 in $PNKSTR and other coins? Now..with all the FUD in the world, ask yourself, do you expect a wave 3?
