COINEUS is making serious progress and big moves on Fuse Network!
Divvy token (SmartDeFi) has only recently relaunched as Coineus on Fuse Network. The progress made in only 8 weeks since launch on July 16th is truly remarkable.
One needs to consider that Coineus is building utilities that makes it easier for Fuse Network participants (project leaders, traders and holders) to track their wallet/project balances, monitor stats, claim rewards, stake Fuse (CNS is a Fuse validator!), stake CNS (through CNS One) and since recently even bridge BNB to Fuse.
Fuse Network is an EMV compatible blockchain and from our experience navigating through it, there seems to be a lack of projects with a similar focus which is basically to make the lives of project leaders and investors so much easier by handing them a one-stop-shop on Fuse Network for everyday project monitoring and token management.
We can see Coineus developing in a launchpad on Fuse Network in order for new projects to develop their token contract, hold their private sale and to set-up lockers etc. on Fuse Network. And with the speed Coineus is developing now... it could very well be expected sooner than later!
Coineus app - 8 weeks of progress in one picture
Check live app here: Coineus app
Business model & Mcap:
There are multiple ways Coineus is generating income and volume. App users need to hold 100 CNS to enable and experience all of the app features. Projects can list their tokens by paying 1000 CNS. Fuse holders can stake their Fuse with Coineus. Coineus receives validator/staking rewards that will benefit the project. As the utilities develop further, many more ways to generate income and volume will follow.
Coineus is currently still under 200k mcap and it seems investors just can't keep up with the speed in development. We think Coineus is already highly undervalued considering the progress made in only 8 weeks time. Consider where the project would be after 8 months. Development is the key focus now with little marketing going
The progress made by Coineus on Fuse Network - with great support of their loyal community - is being noticed by Fuse Network itself and by Voltage Finance, the leading Dex on Fuse Network, which resulted in official verifications and listings on their platforms.
Coineus is now officially verified and listed on Fuse Cash app (= Default Swap Listing and FIAT GATEWAY!)
Coineus is now officially verified and listed on Voltage Finance:
Buy Coineus here: Voltage Finance app
Contract: Coineus token contract
Chart: Coineus chart
Learn more about: Coineus on Telegram
Follow: Coineus on Twitter
RBL is a small crypto investment fund and has a long-term holder position in Coineus. This is not financial advice or advice to buy any cryptocurrency. Always do your own research.
since many of our Smartdefi tokens have relaunched on AVAX, we have some new threads available:
Original Crypto Saloon:
Avalanche Ecosystem Tokens:
plus we also chat about our AVAX token projects here on telegram:
hope to see you there!
Dear Degenerates ???????
We are pleased to bring you a cryptic update. Now because we are degens we don’t simply give our investors useful information, you’ll have to find it. Over the coming days and weeks we are gearing up to launch with a tight but achievable timescale. Some of those activities include, but are not limited to the following list:
?? Gold Tier Private sale (invite only) NFTs
?? Silver Tier Private sale (public mint) NFTs
?? Bronze Tier Private sale (invite only / award) NFTs
?? Launch Token
?? Market the project
The Gold Tier private sale has now been concluded and those included have been informed.
Silver is open to public and will be on a first come first serve basis.
Bronze will be via competition and award at discretion of the team / community recommendations.
Note - anyone wanting to try for more than 1 spot must use different wallets as it is capped, via code, at 1 NFT ticket per wallet.
All questions please avoid asking at all costs.
~ Team DegenX
Thanks for clarifying!
I get the question, I just had to read it a few times first
Wallets can receive anything when sent from 3rd party. Adding a contract address (Degen address) will just make it visible for the wallet owner (you). If you do not add the address on your side you will still receive it, it's just that you'll not know you have it. Nevertheless, everything is always visible on the chain. In case of Avax transaction you can see it thru snowtrace (like bscscan on BSC). So your regular wallet address is enough, there in no specific Degen "sub address" needed for transfer.
Eric for Degen Team
Question: for that "application" we are coerced to complete to join the new DEGEN, when we've all been hosed by the Gorilla, how does one enter their wallet address without a having the DEGEN address to match to receive?
DEGEN PRIVATE SALE - let's get it on!
??As we near launch (and a glorious rug pull) we are raising initial liquidity that we will split across 2 DEX - Trader Joe & Pangolin. Our contracts have been tested and are compatible with the AVAX network and the aforementioned DEXs.
??The private sale is being conducted via NFT minting at a cost of 2 AVAX. This will ensure your wallet is whitelisted as per the tier of NFT you mint. Capped at 1 NFT per wallet.
??There is now a VERY exclusive opportunity to join the private sale. We are looking for long term investors who will help take this project to the Degen Moon (supporting the rug pull).
???? Use the following link to view and complete the application form for the DEGEN private sale, including further details of the tiering structure: https://forms.gle/nQyPuGRLbZ4cGJEg9
???? ALL the funds raised by the NFT sales will go towards fast tracking audits of our contracts, because despite wanting to rug you we also value your investment security. ??
- DEGEN TEAM ??
Curious to see how the other SD Devs respond or view the very successful relaunch of FOOK on the Avalanche network.
FEG has posted a road map to its future, which includes SD 2. How long will people wait for that? Are the projects that we followed here now dead? Will the liquidity EVER be restored?
Lots of questions. Life for these projects can exist quite well on AVAX.
FEG's new exchange platform: a brilliant move?
For anyone wondering if the move to an Aggregator and From The Wallet platform (or Peer-to-Peer) is a good move by FEG, read this very interesting article. Could very well be a brilliant strategic move to get ahead in the market (combined with SD2.0):
thanks, Mask. i just DM'd you there on telegram.
i agree, because the lack of confidence will make the money flow problems we had even worse, which will reflect poorly on the tokens themselves. and they didn't cause this problem.
can you link us to the TG where you read this?
I read on a TG post that "some" Smart Defi tokens are asking FEG to reopen trading for them.
FEG states that they do not yet have a fix for the...ahem...exploit. I don't see how in the world that FEG can allow tokens to trade on FegEx if there is no fix and the liquidity has been...ahem...pilfered.
This all makes no sense. I read a lot of talk but do not read any answers. I have a good chunk of change (now near worthless) in the handful or so of SD tokens that I own. But I sure am NOT about to want to trade them on an exchange that is, as of now, still unsafe.
One of my personal mottos is "There is always time to do things right ONE TIME". I implore the FEG team to test, retest and test again the fixes that they are working to implement. Test it until it is foolproof. Then, audit it to death and have a second set of probing eyes audit it.
It is critical to whatever arises from the FEG debacle to be bulletproof and user friendly. It is critical that people can have the ability to recoup massive losses. It is essential that the legit SD developers have a clear and unobstructed path to proceed with their projects.
Acquiescing to a certain group to re-allow trading on a known, suspect platform is reckless. It must not happen.
FEG has been a huge disappointed. I should have dumped it all when I was way up. Now I am way down.
That "connect wallet to vote" requirement is total BS. TOTAL. Iam with you Lakers.
Yeah I know...these sites want to verify if a person is legit and has tokens.
Well....VERIFY THE F-ING PEOPLE WHO ARE WRITING THE CODE ON THIS WONDERPUS NEW PRODUCT AND THOSE TAKING LOANS OUT AGAINST SAID PRODUCT THAT MAY OR MAY NOT HAVE LIQUIDITY TO BACK THE LOAN!!!
So...FEG gets "exploited" and THEN wants peeps to connect their wallet to a voting site for legitimacy?
Have people just lost their minds? The look is bad. The arrogance is far, far worse.
It did me. I don't trust them.
voting has ended. migration/merger and tokenomics questions? around 1,385 cast. this name and logo change proposal got the higest engagement, but it was still only 1,469 total. out of 1M+ wallets. at most, that's a mere 0.1469% who cared to vote.
maybe the button (upper right) that says "connect wallet" is what scared some folks off.
thanks for your post, CB. maybe some SD projects can merge with each other. circulating supply for many is already so small that pooling ownership wouldn't make the new token feel diluted.
token A (500K supply) + token B (200K supply) + token C (300K supply) = new conglomerate token with 1M supply. airdrops would proceed normally.
one advantage here is being able to pool resources for getting contracts coded and audited, sharing other relaunch costs, etc.
i felt like SD was already creating too many tokens for the limited money flow available. consolidating projects may help undo that effect.
Love these guys and excited to see what can happen outside of the constraints of SmartDefi. Reminds me of the days before smartdefi and trying to figure out how to find tokens that are not trash before they are listed on Coin Market Cap.
Here we go, this could be a wild ride!
Community will surely appreciate the honesty, we at Degen surely do. Best of luck with SINU, there are so many paths it could take, each one more interesting than the other. We'll be here if you need anything.
I've bought some SINU personaly and I still expect a boat from it (in two years or so).
6.5 meters will be enough, thank you
here is our more detailed plan for going forward. Daniel finished building and testing the new smart contract, the rest of us admins are testing it on Binance testnet atm. Planned launch is in July.
New token will have DAO governance characteristics with onchain voting and Degen Ecosystem will be full DAO powered!
New token will have exactly the same supply as DegenSD had: 21 000 000
Tokenomics will be:
- 2% Liquidity Booster
- 2% Liquidity Backing
- 1% marketing
- 2% Liquidity Booster
- 2% Liquidity Backing
- 1% burn
No transfer tax at all.
Distribution of the DEGEN V2 token:
12.5m is distributed in the same percentages as it is now, and every holder will have the same ownership percentage:
- 50% airdrop to DegenSD holders
- 50% locked in conditional swapper so you can exchange DegenSD token in the amount of DegenSD token you hold and DEGEN V2 token you hold (anti dump, not dumping DEGEN V2 token will give you the right to exchange the DegenSD token for another 50% of DEGEN V2 token when the DegenSD token gets unlocked by FEGex)
8.5m (previous burned tokens)
- 2.5m for private sale to gather up BUSD funds for new Liquidity pool
- 2.5m to put in the new liquidity pool
- 3.5m locked in a DAO locking contract for future bridging to new chains, CEX listings, new DEX listings, development, marketing etc.
Owners of token can vote on which purpose the funds can be withdrawn. The vote and withdraw will happen ON CHAIN, so no private wallet will be involved.
None of the admins will send you any link or notification for private sale, and if you receive a message, it is probably a scam. All notices will be public and pinned here
Decisions will be made via on-chain voting implemented in core of our Ecosystem. Degen DAO.
DegenSD holders that don't want to bridge will just get half DEGEN V2 airdropped as a gift and keep the DegenSD. Collected DegenSD will not be sold on the market. We plan to use all DegenSD we receive as fuel - they will be burned for the backing which will make a nice liquidity injection to DEGEN V2 token.
Token will be listed on two DEXes right from the start (PancakeSwap and probably ApeSwap or Biswap). It's important to know that once FEGex is back in order, we will expand to this exchange as well.
We plan to pair the new DEGEN V2 token against BUSD.
Listings on CoinMarketCap and CoinGecko should be possible and we will put an application to do it as soon as we launch.
We are currently building a landing page that will briefly explain the project and all of its details to be ready before launch, but we can share few keypoints:
? Degen DAO
? Degen SWAP
? Degen BRIDGE
? Degen FACTOR
? Degen DUMP
? Degen RUG
? Degen NFT
? Degen RR
? Degen CLINIC
Thank you for this communication.
My prayers and best wishes for the SINU team and the SD community as the navigation out of this disaster unfolds.
My lone request is that there is, at minimum, monthly communication about the state of affairs. That will provide credibility to those in charge of the project(s) and provide the investors with the knowledge that we at least have something, even if on life support.
Hello SINU Community,
This project was built with one major goal- to progress, promote, and highlight SmartDeFi technology. Many of us dedicated our lives to this, myself included. We have put so much time, money, energy, and faith in this goal, to push the safest and smartest technology in DeFi. The recent exploits have harmed the image of our project... and as you all know, our entire roadmap is focused on SD.
I've had some seriously emotional days over all of this. I love everything we have built and Smart Inu is all of our creation from the very beginning. With a heavy heart, I must express, that SINU can no longer continue as it was. I have carefully considered all options, and none of them seem to lead back to continuing with business as usual.
Our entire roadmap and everything we have been building and working towards has been for the progression of SmartDeFi. Between the services we provide, and the utilities that have been under development, SD was everything to us. We don't have any other utilities and nothing to currently offer the market. Revamping with new utilities is a consideration, but it doesn't seem to make sense under our current branding/SINU, and not something I'd want to rush.
I don't want any false expectations- this exploit was the abrupt final chapter to an incredible journey, and its time to consider the next book.
The SINU team has shown support for sticking around to help launch a new project entirely. This will take time, it will not be soon, and it will not be rushed. We take it slow, build out proper utilities, and make sure its ready for the next bull market. A snapshot has been taken of all SINU holders after trading was stopped. When we decide to launch a new project, we will ensure there is an allocation of tokens for all SINU holders.
We are also following developments from Degen Traders as well, as they have taken upon the task of creating a standard token with asset backing built into it. They plan to make this available to others, so we are excited to see what they come up with. Lets support them through this journey.
If FEG is able to recover the liquidity of SINU and create v2 of everything, you can freely trade and do as you please, your holdings have already been recorded and you will not be disqualified from airdrop/claiming when our new project goes live. If only the BNB is recovered, we'll discuss and vote as a community for the best utilization, whether distribute based on holdings, wait and use for liquidity of new project, or other. If no recovery, we will still have the snapshot to personally make things right for all of our SINU community. Since all of that is unknown at the moment, don't really have answers to all of it but will keep you all updated if anything is brought to light.
Part of the reason I've been quiet about all of this is because of not having all the answers. I've considered the paths I'd like to take depending on the outcomes, and none of those paths lead to business as usual.
Always the best, SINU community. I hope you all stick around as we evolve and determine the best approach for a new project. There will be no timelines and no expectations set. Everyone in our community can be part of the creation and the direction over time. For now, we have plenty to think about.
100 % agree. Wait it out for what? For FEG to make no decisions and take a "vote"? Time to make hay. Screw what FEG may or may not do. One of these SD tokens needs to do the leading, the rest can follow.
as the saying goes " If you love someone, set them free. If they come back they’re yours; if they don’t they never were."
i'd like to see team FEG encourage all SD tokens to list on pancakeswap, or wherever project teams see fit, then return to the SD ecosystem later. IF it's even still happening.
holders of SD tokens should support this too. i don't understand why anyone would say "wait it out" when we have no idea how long the wait will be.
I sadly and humbly agree. There is so much credibility lost in FEG various branding faux-pas and cancelled collaborations.
I was glad to see their exchange become fegex beta, and smartdefi was orbiting this. Everything was well oiled and ready to get exposure.
FEG took so much pride in being ''secure'' and that's what hurts the most. They are not the first or last.
I hope they can bring back SMARTDeFi. it was a little moment of paradise in the crypto chaos !
DEGEN TRADERS update, the future is now;
Hello my dear Degens,
First of all, I would like to thank you all for staying with us until today.
We admins have talked, discussed, exchanged opinions and written down fruitful ideas quite intensively in the last few days. We talked about many paths we could take. We also talked about many solutions that we still had to deepen.
Our current solution would be:
We will create a new token with governance characteristics. This token will have exactly the same supply as DEGEN SD had before. This token will not distribute reflections. We currently also have low fees, which I will list in a moment. The fees will initially be sent to different wallets until we develop the appropriate features.
Here are our planned tokenomics:
- 2% Liquidity Booster
- 2% Liquidity Backing
- 1% marketing
- 2% Liquidity Booster
- 2% Liquidity Backing
- 1% burn
- 1% burn
We plan to use a methodology that will allow us to extend and share the tokenomics with future contracts (baseline and marketing). This means that each transfer is passed through a controller, which takes care of the processing and carries out the appropriate actions. We're also defining what will happen with the amount of burned tokens is it was on the DEGEN SD. We think about burning a part of it and locking a part of it to have some liquidity for future DEXs and giveaways. It is not decided yet.
We plan to pair the new token against BUSD.
We are currently planning to offer the new token on two DEXs. It is important to know that once FEGex is back in order, we will expand to this exchange as well.
A listing on CoinMarketCap and CoinGecko should be possible with the "free" token. We are currently building a landing page that briefly explains the project.
At the moment we can still adjust the mechanics of the token and I therefore ask you to send us your ideas about what we could do differently or better.
How things will continue at the moment: We take your suggestions and adapt the best ideas. After the adaptation phase, we enter the internal test phase. A few components and their interaction are tested here and errors are corrected. We also have our automated tests that cover most of the functionality. While we are testing, an interface will be made available on another construction site, which will enable you to connect your wallet via our website and exchange your DEGEN SD tokens for the new token at a 1:1 ratio. That would be our collection phase.
After the collection phase and the distribution of the new tokens, we will give the collected tokens to Smart Lending - if activated. Here we would like to get some liquidity for the new token. As soon as we can borrow the BNBs, we will convert them to BUSD and add them to the new token's liquidity. This means that there can definitely be a huge pump when the lending is reopened.
I can't say how long each phase will last. We'll keep you updated on every step we take in that direction. Let's go and I can tell you I'm super excited about what's going to happen next. With us as well as with other projects.
Daniel for Team Degen
this is such an important observation. ROX did, too.
I totally agree. Not to mention FEG tanked even before the hack. Very few know how to buy it. Programmers tend to be good at programming and terrible at marketing.
the reason for the FEG ape was solidarity with AMC apes. and FEG team members have been using AMC meme-stonk hashtags, for a year now, trying to get them to notice us.
AMC apes don't care about FEG.
even if they did, there's no educational videos showing them how to buy FEG with BNB and a software wallet.
so what's the point of FEG continuing to use a cartoon ape logo?
especially after "ApeCoin" launched.
they got noticed.
so now we look like we're copying them.
not to mention the clash between that goofy cartoon ape and sleek, serious SD marketing, along with sleek Grafene wallets, etc.
just to clarify, i have no problem with cartoonish marketing. it worked for Dogecoin, for SHIB, and many others. but mixing serious professional tools with cuteness becomes a muddle, and doesn't help either, they compete instead of being synergistic.
I agree. FEG has done nothing to promote brand loyalty. FEG tanked even before the hack and not enough acknowledgment by FEG to SD. And get rid of the gorilla. Let's see the aftermath of all of this and how they really value us. SD is the future not the FEG coin. Or was before this mess.
i'm going to run as far away from this blind loyalty as possible. and many more will join me.
FEG token and its cartoon ape were never a hit with my peer group. i spent months trying to get friends and family on board.
once smartdefi was developed, the sleek and professional "shimmering blue crystalline" marketing of SD wasn't complimentary with the gorilla, it clashed with it. and people told me this. they said the tech seems really sophisticated, but the ape logo makes it feel like a joke.
now here's where it gets worse.
months after i first told them about FEG, a few friends remarked -- all along, they thought i was saying "fag token", and were immediately confused. so much so, they couldn't really focus on anything else i said. and i get that. when people hear something new, if the first part of it makes no sense, then they are forever trying to catch up with each subsequent bit of info.
marketing 101: confusion is the enemy.
some wondered, why didn't they call it "FTG" for "feed the gorillas", since that's harder to confuse with the word "fag". i could tell they felt a bit embarrassed for me.
if anyone is upset by my post, i'm sorry. but you should know how the outside world reacts to the FEG brand. this is called a "reality check'.
i've since asked die-hard loyalists, who are part of the FEG-faithful, in telegram chats, and it turns out the vast majority of us feel exactly the same, as outsiders i pitched FEG to months ago!
but i can imagine most of us are afraid to speak up about FEG's clunky marketing, for fear "the group" will be offended.
this is the problem with any stock or crypto movement. group-think stifles clarity of branding, clarity of purpose.
so now that this hack has occurred, i see it as a time to ask tough questions about FEG's marketing, and possibly pivot to better ideas. confidence needs to be rebuilt, and that can't happen if the branding itself is clunky and the team at the top refuses to see it.
note the latest FEG update in https://t.me/FEGchat and what they say about FEG remaining the core of their ecosystem.
i'd rather it was just the opposite, that if FEG and ROX do survive, they become just two early tokens launched in the SmartDeFi ecosystem.
That is a GREAT TAKE, GIGACHAD.
As a worldwide society, the unwillingness to destroy the destroyers has become a massive problem. Society must not tolerate those that destroy what is good.
There is a Yellowstone episode titled "Meaner Than Evil". That is where good has to go in order to eradicate evil.
It is always WAY easier to destroy than it is to build.
What I hate is human nature. There will always be ill-intended people trying to mess up the hard work of others because they can. Civilization is founded on cooperation and backstabbing. Like a scale.
When the backstabbing happens... the cooperation of others becomes stronger. Hopefully, it'll be the case here too.
likewise, i know we're all looking forward to whatever emerges from this. and what better time to tackle technical issues, than while markets are plummeting.
stocks, crypto -- mostly deep red.
smartdefi -- frozen in time.
here's to better days, with a thriving SD ecosystem.
Agreed. We know that code is vulnerable. Hackers need to realize their value. Take it quietly and then negotiate. DEVs should appreciate battle testing and welcome it. Nothing is infallible. Work towards creating the strongest secure blockchain and the rewards for both will happen naturally.