An algorithmic stablecoin is a type of cryptocurrency designed to maintain a stable value relative to a fiat currency (e.g., US dollar) through algorithmic adjustments, rather than being backed by physical assets or collateral.
*How Algorithmic Stablecoins Work:*
1. *Price Stability Mechanism:* The algorithm adjusts supply and demand to maintain price stability. 2. *Token Supply Adjustment:* The algorithm increases or decreases token supply to influence market price. 3. *Interest Rates:* Some algorithms adjust interest rates to incentivize or disincentivize holding or borrowing stablecoins. 4. *Collateralization Ratio:* Maintains a target collateralization ratio to ensure stability.
*Types of Algorithmic Stablecoins:*
1. *Seigniorage-style:* Tokens are created/destroyed to maintain price stability (e.g., Basis). 2. *Rebase-style:* Token supply adjusts periodically to maintain stability (e.g., Ampleforth). 3. *Hybrid:* Combines multiple mechanisms (e.g., Empty Set Dollar).
*Examples of Algorithmic Stablecoins:*
1. TerraUSD (UST) 2. Basis (BASIS) 3. Ampleforth (AMPL) 4. Empty Set Dollar (ESD) 5. DAI (although partially collateralized)
*Advantages:*
1. *Decentralized:* No reliance on central authorities or collateral. 2. *Scalable:* Potential for high transaction volumes. 3. *Low Volatility:* Designed to minimize price fluctuations.
*Challenges and Risks:*
1. *Complexity:* Algorithmic stability mechanisms can be intricate. 2. *Volatility:* Market fluctuations can destabilize the algorithm. 3. *Liquidity:* Insufficient liquidity can impair stability. 4. *Regulatory Uncertainty:* Lack of clear regulations.
*Notable Failures:*
1. TerraUSD (UST) collapse in May 2022 2. Basis (BASIS) shutdown in 2018
*Best Practices:*
1. *Thorough Research:* Understand the algorithm and risks. 2. *Diversification:* Spread investments across stablecoin types. 3. *Monitoring:* Continuously track market conditions. #USElections2024Countdown #TetherAEDLaunch #LUNCâ #USTC
Exposing the Minr.biz Scam: A Cautionary Tale of Greed and Deception_
In the ever-evolving world of cryptocurrency, the promise of effortless wealth can be tantalizing. However, the collapse of Minr.biz, a notorious Ponzi scheme, serves as a stark reminder that not all that glitters is gold.
_The Scam_
Minr.biz, masquerading as a legitimate cryptocurrency mining operation, promised investors astronomical returns of up to 10% daily. The platform's slick website and convincing marketing materia
BURN RATE COMPARISON AND FASTEST GROWTH POTENTIAL ANALYSIS.
This is my comparison of the burn rates and mechanisms of Floki Inu, Shiba Inu, and Luna Classic (LUNC):
*Burn Rate Comparison:*
1. *Floki Inu (FLOKI)*: - Burn Rate: 0.3% tax on each purchase (Uniswap & PancakeSwap) - Burn Mechanism: Automatic burn on transactions - Total Burned: Approximately 4.3 trillion FLOKI tokens (10% of total supply) 2. *Shiba Inu (SHIB)*: - Burn Rate: 0.1% - 1% burn on select transactions (varies) - Burn Mechanism: Manual burns by the community and
$TON ECOSYSTEM A RAVE OF THE MOMENT AND ABYSS OF DISAPPOINTMENTS.
*TON Ecosystem: A Breeding Ground for Scams and Disappointment*
The TON ecosystem has devolved into a haven for exploitative projects, leaving a trail of devastated investors and shattered trust in its wake. The egregious examples of Hamster Token (Hmstr), Cati Tokens (CATI), and Cats Tokens (CATS) serve as stark reminders of the ecosystem's inherent flaws.
*Hamster Token: A Pump-and-Dump Nightmare*
Hmstr erratic price swings and dubious distribution mechanisms fleeced investors, exposing the project's true intentions: a quick cash grab (Coin Telegraph).
*Cati Tokens: A Scam by Any Other Name*
CATI' s opaque tokenomics and blatant lack of transparency earned it the moniker "scam" from crypto insiders (Crypto Slate).
*Cats Tokens: A Botched Airdrop and Broken Promises*
The CATS token airdrop was a disaster, with investors left holding worthless tokens and facing network congestion (CoinDesk).
*TON's Toxic Airdrop Requirements*
The ecosystem's obsession with transaction-based airdrop eligibility is nothing but a thinly veiled attempt to line developers' pockets with excessive fees (TON Forum).
*Investors, Beware!*
The TON ecosystem's repeated failures and blatant disregard for investor welfare should sound alarm bells. Don't be the next victim of this dysfunctional ecosystem. Consider alternative block chain platforms that prioritize transparency, security, and investor protection. #TetherAEDLaunch #tonecoin #TonSociety #ton_blockchain #CryptoAMA
The infamous LUNC token debacle. A catastrophe born from the ashes of Luna Classic's spectacular collapse in 2022. Thousands of opportunistic vultures swooped in, snatching up vast quantities of LUNC tokens for free, without investing a single dime. No skin in the game, no risk, no contribution to the ecosystem.
These token hoarders have been bleeding the system dry, relentlessly dumping their free tokens onto the market, sucking out liquidity, and crashing the price. Their sole aim? To extract value, not to build or support the ecosystem. They're the embodiment of toxic, speculative greed.
And what's their ultimate goal? To cash out and flee to more stable assets like Bitcoin, leaving the LUNC ecosystem in shambles. No regard for the genuine investors who lost fortunes, no concern for the developers striving to revive the project.
Now, as efforts emerge to re-denominate LUNC to $1, these token hoarders will stop at nothing to sabotage the plan. They'll spread FUD, manipulate markets, and exploit vulnerabilities to maintain their stranglehold on the ecosystem. Why? Because their free tokens will become virtually worthless if the re-denomination succeeds.
The audacity! They reap benefits without contributing, then fight tooth and nail to prevent legitimate reform. It's a travesty, a slap in the face to honest investors and developers.
The LUNC community must unite against these parasites, ensuring the re-denomination plan succeeds. It's time to:
1. Flush out toxic token holders. 2. Revitalize the ecosystem. 3. Restore credibility.
No more free rides. No more exploitation. It's time for accountability and rebirth. The future of LUNC depends on it.
TRUTH FROM A LUNC HOLDER WHO LOST TO TERA SCAM CHAIN . #Lunc2TheMoonSoon
LIVE
_Who_Am_I_
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$LUNC So I personally, as an affected investor, have lost a lot and am still struggling emotionally with what all the circumstances have brought with them privately. For example, I did not want Bnance to buy trillions of coins at massively cheap prices in order to sell them through customers and burn buybacks. They should never have been sent to the stock exchange in the first place, as C..z wanted, and yet he decided against it.
#who_am_i
who is to blame now Terra who sent the additional coins to the exchange or Bnance who allowed them to give a platform to use these coins again for manipulations you should think about your answer to this question
and stop calling someone a hero because you are burning peanuts every month by selling coins to customers
the problem is simply the mass of coins that are traded here
lunc ustc and Luna connects everything before Bnance warns against wast trading. Pump and dumps. Stop loss hunting. All of this is allowed even though they should do something about it. There doesn't seem to be much customer protection here as long as projects catch Bitcoins it doesn't seem to matter how much you manipulate your own customers đ€·đœââïž
To re-denominate the LUNC Current Market Capitalization: $610,450,000 Current Price: $0.00009 Desired Price: $1
New Total Supply = Current Market Capitalization / Desired Price = $610,450,000 / $1 = 610,450,000
To achieve this new total supply, we need to reduce the current total supply.
Reduction Factor = Current Total Supply / New Total Supply = 6,771,687,013,353 / 610,450,000 â 11,090
Quantity to Remove = Current Total Supply - New Total Supply = 6,771,687,013,353 - 610,450,000 â 6,161,237,013,353
So, approximately 6,161,237,013,353 LUNC tokens would need to be removed or consolidated through a token burn or re-denomination process.
Resulting re-denominated LUNC token:
New Total Supply: 610,450,000 New Price: $1
This process effectively reduces the total supply by a factor of approximately 11,090
NOTE THIS****
*1) they didn't consult with the community to mint current quantity but they're asking the community to buy the trash and bear cost for it's repeg .
*2)Money doesn't disappear from a block chain except the liquidity is withdrawn by the largest token holders simultaneously in communicative agreement .
* 3) (RUGPULLING CONSPIRATORS)
*4)If they could pay billions to Sec , they can also return the BTC they bought with the chain funds, and buy back the excessively minted worthless quantity they added to the initial quantity . THOSE WHO WITHDREW LIQUIDITY SHOULD BUY BACK THE TRASH AND BURN IT, THEY OWE THAT TO THE COMMUNITY .
UNDERSTANDING LOCKED AND UNLOCKED LIQUIDITY TOKENS .
In the context of cryptocurrency and blockchain, "unlocked liquidity tokens" refers to the release of tokens that were previously locked or vested, making them available for use, trading, or withdrawal.
*Locked Liquidity Tokens:*
Liquidity tokens are often locked or vested to:
1. Prevent immediate selling, reducing market volatility. 2. Encourage long-term holding and participation. 3. Align incentives with project development.
*Unlocking Liquidity Tokens:*
When liquidity tokens are unlocked:
1. Tokens become transferable and tradable. 2. Holders can withdraw or sell their tokens. 3. Tokens are released from vesting schedules or lock-up periods.
*Types of Unlocks:*
1. *Linear Unlock*: Tokens are released at a fixed rate over time. 2. *Cliff Unlock*: Tokens are released all at once after a specified period. 3. *Vesting Schedule*: Tokens are released gradually, often with milestones.
*Implications:*
Unlocked liquidity tokens can:
1. Increase market supply, potentially affecting token price. 2. Enhance liquidity and trading volume. 3. Allow holders to realize gains or losses. 4. Impact project development, as unlocked tokens may be used for ecosystem growth.
*Example:*
Project X locks 10% of its total supply as liquidity tokens for 6 months. After the lock-up period, these tokens are unlocked, allowing holders to trade or withdraw them.
*Key Considerations:*
1. Tokenomics: Understand the token's economic design. 2. Vesting schedules: Know when tokens will be unlocked. 3. Market impact: Anticipate potential price fluctuations. 4. Project development: Assess how unlocked tokens will be utilized.
*Common Unlock Schedules:*
1. 6-12 months cliff unlock 2. 2-3 year linear unlock 3. Quarterly or monthly vesting schedules
$LUNC mint authority enabled, ownership not renounced, low liquidity , Here's your $1 lunc dream . How do you intend to do the magic ? Fact's and mathematics don't lie. Algorithmic trade volume liquidity removal , none holistic holders directory . no Dead wallet address . can you see the mint authority function ? where are the burns going to ? #Lunc2TheMoonSoon
$USTC $LUNC Don't be in a rush to jump in on the above tokens, the total value of the tokens that will be burnt on shuttle bridge is less than $35million . it's still insignificant and will not change anything . if nobody is building on Tera chain lunc will have no utility . simply put, it's still a pack of junk not different from a meme coin . #USJoblessClaimsDip #BTCETFDemandSurge #TerraClassicUpgrade #CryptoPreUSElection
$HMSTR Isn't it obvious that there is no end to the dipping of hmstr ? It doesn't matter how dip you buy , you're certainly going to loose . I've been buying the dip since it was launched , now I'm in dip shit . I've sold this shit at a loss it's going to zero .#Hamstercombo
To estimate when Verge mining will stop, we'll consider the current block reward, block time, and total supply.
*Assumptions:*
1. Current block reward: 2 XVG per block 2. Block time: 30 seconds 3. Total supply: 16,555,000,000 XVG 4. Block reward halving: Every 4 years (approx. 210,000 blocks)
*Calculations:*
1. Blocks per year: 31,536,000 (60 minutes/hour Ă 24 hours/day Ă 365 days/year Ă· 30 seconds/block) 2. XVG mined per year: 63,072,000 (2 XVG/block Ă 31,536,000 blocks/year) 3. Years to mine remaining supply: - Remaining supply: 16,555,000,000 - (circulating supply) â 2,455,000,000 (assuming 85% of total supply is already mined) - Years to mine remaining supply: 2,455,000,000 / 63,072,000 â 38.9 years
*Estimated Stop Date:*
Based on these calculations, Verge mining will likely stop around:
- 2062 (approximately 38.9 years from now)
*Note:* This estimate assumes:
- Constant block reward and block time - No changes to the mining algorithm or consensus mechanism - Continuous mining activity - No significant increase in mining difficulty
Keep in mind that this is a rough estimate and actual mining stop date may vary.
After this calculations do you think XVG can hit $1 anytime soon?
I appreciate the effort of those who believe in the goodwill of binance and the expectancy of it's repeg , but I don't see that happening in our lifetime .
considering the liquidation of so many holders in it's previous onchain scamdemic, new investors and dapps are not looking the way of Tera chains .
There's one too many backstabbing going on with the chain that if it had been other chains , they would have been delisted .
I strongly believe that the so called burn of 0.5% is meant to keep people in the chain to keep anticipating the impossible, while they profit from the continuos downfall .
LUNC can not attract high volume transactions and the burns are seriously insignificant. Most top tier investors don't buy tokens that are in their trillions and they're the ones who buy in large volumes.
If the lunc community are truly looking to win people over , they should change strategy .
Here's a PROPOSAL , How about a re-denomination of LUNC , by removing 3 zeros making it 650,000,000,000 billion tokens and every holder gets their portfolios reduced by 3 zeros with less amount of tokens and same value of investment.
This is a good way to remove the chain from a meme looking chain and putting it on the league of chains like BNB and SOL.
Let's get realistic here , who is the investor that's stupid enough to put so much money in lunc that will raise the price to turn your $100 to $100,000 ? wealthy investors are not foolish, and they're out to make themselves richer from your FANTASIES believing a LIE of a repeg, that is logically and mathematically impossible . #WeAreAllSatoshi #moonbix #Lunc2TheMoonSoon #TerraClassicUpgrade #LUNCUSD
AIRDROP RULES !!! TO AVOID BEING SCAMMED BY DUBIOUS PROJECTS (1 ) Never pay any dime for airdrops, they're FREE. . (2) What you'll be given is always lesser than the quantity you can buy when it's listed.
(3)Those who buy during presale pay higher than the actual price it will be listed.
(4 ) Gone are the days when presale made people rich, if you're not an insider you can't make anything significant .
(6 )Presales these days are scams wait till it gets listed to avoid a RUG PULL .
(7) If it requires you to pay money for it , its a trade into their pockets it's no longer an airdrop .
(8) Don't trust the HYPE , follow the roadmap and team body language .
(9) You can not buy a Lamborghini from FREEBIES , wake up from your FANTASIES .
(10) Your day job that puts money in your account needs more attention than your love for freebies . Get a job and buy the dips with your own MONEY .
$HMSTR Be not deceived , the rise is to lure new money into the abyss of hamster . I bought it at 0.0068 it doesn't pump back to the purchase price . use 4 hour candles for confirmation . #BinanceSquareFamily