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hey, welcome aboard our board. i'm a SDOX #hodler myself!
thanks for your answer. i forgot the most important part -- where the reflections come from, which is a transaction tax!
essentially, some buyers (**) and all sellers of FOOK pay the holders for staying in it.
** if a buyer has .001 ROX token in their wallet they won't have to pay the 25% buy tax.
https://www.fooktoken.com/
ROX also trades on fegex, just like FOOK.
https://beta.fegex.com/charts/details/bsc/0xa3D522c151aD654b36BDFe7a69D0c405193A22F9
there's a lot about market making i don't know, but they use computer algorithms that have been perfected to fool humans into buying high, and selling low, all the way down. so our wallets are fed into their meat grinder.
and dilution never stops in most OTC stocks. when they run out of shares authorized, they'll do a reverse split and the process begins again. lower and lower. some tickers have half a dozen RS over time. maybe even more!
i was in a few companies where CEOs had offshore accounts and were probably making a profit shorting their own tickers while it was being diluted by note holders. the OTC is a note holder enrichment scam.
and when a company is deemed fraudulent, the SEC suspends trading, which never hurts the scammers who made a profit during the pumps, it only wipes out retail like us.
reflections are free tokens that get generated on each transaction of the token, and are distributed across all "wallets" on the blockchain.
we'll use FOOK token as the example. here's its trading page on fegex:
https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
over on the right side, below the various stats, you'll see a "page icon" which links to FOOK on bscscan, which is its blockchain location:
https://bscscan.com/token/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1#balances
that page above shows the holders, ranked by wallet size. so a 2.49% holder gets 2.49% of all reflections.
so let's say we have $25K in 24 hour volume (crypto trades 24/7), since FOOK has a 25% reflections tax, 25% of $25K ($6,250) is distributed to all wallets. automatically. because it's written into the code of FOOK's "smart contract".
so the 2.49% holder gets 2.49% of $6,250, or $156.25. just for holding their FOOK.
furthermore, as the 2.49% wallet continues to accumulate reflections, their % of total circulation rises. so with each new transaction, they get slightly more free FOOK.
the best part is the burn wallet. which is now up to 42.26% of the total (original) 401,000 tokens. with each transaction, 42.26% is distributed to the burn wallet, and those tokens disappear forever. you can see the burn % on the right side of the trading page, constantly being updated:
https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
so FOOK is very quickly reducing its total supply, as holders are gaining tokens.
you an see how quickly this increases the leverage.
smartdefi tokens also have a "baseline value" that never drops, it can only go up, shown in the green line on the chart.
so unlike OTC stocks or other cryptos where supply is always increasing, smartdefi builds in scarcity. and the minimum value we can get for our tokens is always inreasing too.
Argus, very glad you're with us, and i concur on all your points. our moderator is a great teacher, about BurnIt tokenomics, and SD in general.
load some and let it ride.
BurnIt token for the long haul, primarily upwards!
in our saloon, heretofore -- we've never seen such level of fisticuffs. enough of all that. let's get along, otherwise i'll be serving up sasprilla instead of suds, and i know how much y'all hate that stuff. lol
let's all shift gears to less acrimony. i'm not gonna take sides here.
since you and lakers can't agree about charts, just agree to disagree, and focus on stocks, crypto, wherever you've got some common ground.
you had some questions about smartdefi. all of us here would love to help.
thanks for your understanding.
what's confusing about, let's cover one thing at a time.
i was expecting BTC to drop further when it dipped under the channel. will be interesting to see how stocks behave tomorrow and if any of that cash heads into crypto.
UAF token is a good example of how market cap works. it's not a container of cash, we don't need $10M dollars of buying pressure to get it to a $10M market cap. we just need holders who believe that's its fair value.
as long as the project's team does their job, and the community grows strong, small dollar buyers could get us to that level and beyond.
i'm not chasing to get dumped on in GigaChad. on the other hand, look at UAF. same market cap, but way up -- and no sellers.
so while i do see potential, i'll be circling back to GC when the weak hands are out.
GLTA
UAF ihub board: https://investorshub.advfn.com/Uaf-Smartdefi-Token-UAF-41137
UAF telegram has only 15 members: https://t.me/UAF_Chat
https://beta.fegex.com/charts/details/bsc/0x0f498d31832A66250473CcB166513a73F4F9398e
those BabyKrakens graphics the team is making are hilarious. maybe update it though, to mention the buy tax on reflections can be avoided by ownig .001 (or more) ROX token.
i'm hoping to get paid some nice reflections while i wait for a dip!
https://beta.fegex.com/charts/details/bsc/0x3747f13B6dc6E8BD6C26D6af36FB29b5Bff6047f
LAVA is another good one, if you want to stay in the Divvy ecosystem. it has higher reflections than Divvy.
https://beta.fegex.com/charts/details/bsc/0xD0685D66a23F86594C5f74B69518ad32B6C2F411
Divvy dev Josh keeps on building.
https://twitter.com/DivvySD
https://t.me/VolcanoDivvy
i have had headaches with every CEX, aka centralized exchange. flawed tools, built-in unfairness, terrible customer service.
and we have no idea who these people are, yet we share sensitive info with them, like drivers license, etc.
so the DEX revolution will be a huge thing.
fegex has a first mover advantage. keep doing things right and they'll be the DEX leader.
it's good to be back.
GigaChad sellers getting rekt......
with GigaChad i think it's all about the size and power of the community they build, what they do on social platforms, etc. and any time a token gets big, it takes on a mind of its own. should be fun to watch.
i'm in, but would like more GigaChad. none of these tokens want to drop. lol
yes, and what you just said is why i've been pounding the table about SD tokens for a while now. whatever level any of them are at now, it's very cheap compared to where they'll be when each has 500 wallets, 1,000 wallets, or more.
2 traders buy SD tokenss. a big basket of them. then they'll tell 2 friends, and they'll tell 2 friends, and so on, and so on, and so on....
the whole world will love smartdefi and fegex for the same reasons we do. high leverage plus safety. a great combo.
jmho!
GigaChad vs Big Meme
the differences between GIGACHAD and Dogecoin? Doge adds lots of new tokens every day. it has a large circulation and that's only going to go higher over time. very dilutive.
GIGACHAD, on the other hand, is doing a modest burn with every transaction. plus the tax is low compared to some SD tokens, which means folks are more likely to actively trade it.
Doge hit a market cap of over $70B dollars. basically for having a cute doggy face on it.
GigaChad has a market cap of only $128K. do the math. LOL!
GigaChad looks wild, by comparison. highly memeable, and memorable! i'd say odds of GC outrunning Doge from here are pretty good.
https://beta.fegex.com/charts/details/bsc/0xFBac31F68390fD62d6ff7dC9778688C21d672B54
GigaChad is an unapologetic SD meme token.
the differences between GIGACHAD and Dogecoin? Doge adds lots of new tokens every day. it has a large circulation and that's only going to go higher over time. very dilutive.
GIGACHAD, on the other hand, is doing a modest burn with every transaction. plus the tax is low compared to some SD tokens, which means folks are more likely to actively trade it.
Doge hit a market cap of over $70B dollars. basically for having a cute doggy face on it.
GigaChad has a market cap of only $128K. do the math. LOL!
GigaChad looks wild, by comparison. highly memeable, and memorable! i'd say odds of GC outrunning Doge from here are pretty good.
https://beta.fegex.com/charts/details/bsc/0xFBac31F68390fD62d6ff7dC9778688C21d672B54
sunday thoughts on GigaChad..........
the differences between GIGACHAD and Dogecoin? Doge adds lots of new tokens every day. it has a large circulation and that's only going to go higher over time. very dilutive.
GIGACHAD, on the other hand, is doing a modest burn with every transaction. plus the tax is low compared to some SD tokens, which means folks are more likely to actively trade it.
Doge hit a market cap of over $70B dollars. basically for having a cute doggy face on it.
GigaChad has a market cap of only $128K. do the math. LOL!
GigaChad looks wild, by comparison. highly memeable, and memorable! i'd say odds of GC outrunning Doge from here are pretty good.
https://beta.fegex.com/charts/details/bsc/0xFBac31F68390fD62d6ff7dC9778688C21d672B54
the differences between GIGACHAD and Dogecoin? Doge adds lots of new tokens every day. it has a large circulation and that's only going to go higher over time. very dilutive.
GIGACHAD, on the other hand, is doing a modest burn with every transaction. plus the tax is low compared to some SD tokens, which means folks are more likely to actively trade it.
Doge hit a market cap of over $70B dollars. basically for having a cute doggy face on it.
GigaChad has a market cap of only $128K. do the math. LOL!
GigaChad looks wild, by comparison. highly memeable, and memorable! i'd say odds of GC outrunning Doge from here are pretty good.
https://beta.fegex.com/charts/details/bsc/0xFBac31F68390fD62d6ff7dC9778688C21d672B54
hey, look -- BTC 34,600 now. **almost like** it's bouncing off the bottom of that channel.
we should also have BurnIt post their SD explainer to the SD tokens board and have a mod pin it there. i'm happy to use my one sticky for that purpose.
yes, FEG should hire our BurnIt maestro, to explain their tokenomics.
the high reflection tax is why some drop harder. but that's the only way they can drop, due to the tokenomics. they also rise faster. for the same reason.
after trading OTC the thought of AVAX falling to $25, even $15, just brings joy to my heart. let's see it. lol
the recovery bounce will be fun from whatever level.
it is interesting how the lowest priced altcoins are faring better.
most of my smartdefi tokens are flat or rallying.
i only see about $1,300 in sell volume on it in the last 24 hours. volume on the way up was much larger, dollarwise. so this is a low-volume pullback.
https://beta.fegex.com/charts/details/bsc/0x33b47aC2418477E45558d8c1ae612e06a04815CF
yes, current affinity sd market cap is $79.3K. still well under $100K. when fegex is busier, most tokens will quickly reach $1M. the best of them will probably have $10M market caps. i'm saying initially, in the early days, as fegex gets discovered.
so can affinity do a 100X? if the project is halfway decent, why not? most cryptos with any mainstream visibility are trading in the hundreds of millions USD market caps.
https://coinmarketcap.com/
affinity sd with an enormous move. incredible. the way i'd put it is affinity reflections are not low, 6% is pretty big, it's just that FOOK has some of the largest. beyond 25% it starts to get very prohibitive to trade a token. you just have to own and hold. and that can reduce liquidity.
i can see people liking to trade affinity. if it gets 6X the transactions of competitors that's functionally the same as 36% reflections.
https://beta.fegex.com/charts/details/bsc/0xBB8047fc6D515DE90CBAFacb0886181F336F1463
incredible post. i'm going to make this a "stickie" so it sorts at the top of the BurnIt Token thread. every moderator gets one sticky, and this will be mine.
thanks for taking the time to explain the tokenomics in detail. i thought i knew a lot about SD already, but this taught me much more.
also, we keep hearing BurnIt is unique, but the potential is mindboggling. as trading volume ramps up, the rising baseline value combined with radical buring could send us quickly to double digit dollars and beyond.
when the smart rising price floor SRPF increases, the price impact will also be improved, so moving large amounts of tokens in and out will give traders more profit.
great to see this board coming alive. thanks for being here.
cheers, let's hope the stock markets don't tank too hard monday. i have a feeling crypto will double-dip (back to support) if that's the case.