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FEG has launched their smartdefi tokens on a brand new fegex exchange, it's just been trading for a few weeks.
some of these tokens, like FOOK, have been incredible runners, and they are just getting started.
https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
all smartdefi tokens have rising price floors and a constantly increasing baseline value. FOOK has huge 25% reflections that get paid into wallets automatically with every trade.
no, but it doesn't have to go that high. look at what SHIB has already accomplished.
He Invested $17 In Shiba Inu. Now He Has Almost $6M
https://www.benzinga.com/markets/cryptocurrency/21/05/21076574/he-invested-17-in-shiba-inu-now-he-has-almost-6m
A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion.
https://finance.yahoo.com/news/crypto-wallet-shows-investor-made-132213785.html
yeah, the smartdefi tokens just launched a few weeks ago. they are like tiny acorns ready to grow into oaks. and hardly anyone in crypto knows about them yet. but they will.
many of the top SD projects are now sending out coinmarketcap applications, which will really drive traffic to fegex.
and dev FegROX has been working away, the USCT token is about to launch. here it is on the blockchain!
https://etherscan.io/token/0x5987fe1f6a7f1d4cf6466dad53801e1781ad1382#balances
join us if you like on our SD token board. this FEG ecosystem needs all our support.
https://investorshub.advfn.com/Smartdefi-Tokens-41077
crypto super-cycle coming, and i know you're ready...... lol
KISHU accepted by NOW Payments as currency at all brick and mortar locations that use it. major progress continuing.
#KISHUARMY, you there? Are we the future?🔮
— NOWPayments (@NOWPayments_io) April 20, 2022
AYE!
So let's get every #brickandmortar place to accept $KISHU! We'll start: @cafearendsnest
Tag your favorite brand to let them know about us #KISHU & #KishuPayments!@InuKishu @robinhood_star1https://t.co/C1PdgHFuNM pic.twitter.com/tc6eJUqHuO
BOOM! here's why KISHU is acting so frisky lately --
#KISHU will have the best Game of 2022. #KISHU_KINGDOM coming soon 🎮🎮🐶🐶 pic.twitter.com/rEHLdzLfkG
— ⭐️TOKENFIARMY⭐️ (@FLOKIARMYKING) April 19, 2022
any software wallet that connects to uniswap is fine. you just need to create a wallet, then send ETH from coinbase to the wallet, hook it up on uniswap, and trade.
one fine detail: slippage needs to be set to 5% for KISHU trades. use the "gear icon" to adjust that.
here's a good site for finding SmartDeFi projects: https://sdtokens.com/
I want to create a list of resources like this and link it in the "ibox" at top of thread, so if you find others like it, reply here and i'll add to the collection.
i don't use binance anymore either. there are a growing number of exchanges now that sell BNB, so people aren't forced to use them, which is great. maybe if enough users leave they'll improve.
thanks for your help, you're on as an assist now.
right now most #SmartDeFi tokens trade on the "binance smart chain" aka BSC. so in metamask you'd need to be on that network, then connect your wallet on FEGex.
make sure you've got some BNB to trade with, since ETH only works on the ETH side.
i've updated the "ibox" at the top of our board now, if you want to take a look.
and if anyone wants to be an assistant here, let me know and i'll add you.
sorry, i really have no thoughts on SIA. i bought some a while back, hung on, never sold, but it's not a big part of my portfolio.
LOL! good shame, lakers. there's a big difference!
lilLu, i missed you too, and all the saloon gang. we learn from each other, and (most important) we speak a common language here.
i have decades-old friendships where crypto isn't spoken. mainstream media has done a great job equating the word with "scam" and making those who profited from legacy financial systems feel somehow superior to anyone trading digital assets.
hopefully that will soon change.
but for now, this is our terrain. and i'm glad to share it with you.
added to my DGB just now.
very true, lakers. i see the entire crypto space rallying. maybe BTC leads it off, then big-cap cryptos like ETH, BNB, SOL, Cardao, AVAX.
but soon after profits from those rallies will start hitting the low-cap altcoins.
and even now there have been signs of life in KISHU and ELON.
BabyDoge, Floki, are probably next.
i'm sure Bitcoin maxis see articles like this and speculate outside BTC. many have said they use altcoins to leverage their cash and collect more sats. that's their excuse. lol
"He Invested $17 In Shiba Inu. Now He Has Almost $6M"
https://www.benzinga.com/markets/cryptocurrency/21/05/21076574/he-invested-17-in-shiba-inu-now-he-has-almost-6m
buckle up! months of accumulation from corporate whales is bound to pay off.
Mask, like you i haven't sold anything while crypto was trading sideways. BTC holding onto $40K is a bullish sign, but i doubt anything is ever left to chance. digital assets are here to stay.
every day i hear about some new corporation, iike luxury automakers, big fashion brands, as you said, soccer clubs -- big banks, credit card companies -- they all want in on this.
conventional cryptos, passive income defi, NFTs, metaverse. on and on.
and crypto exchanges are reaching out to regulators re: 24/7 stock trading. all of wall street would be happy to have global money flow pushing their stocks, around the clock, especially since their profits are based on order flow. if we had tokenized stock trading on the blockchain there'd be no need for disclosure filings anymore.
proven use-cases. no need to invent them to make crypto viable.
and while many of these smartdefi tokens trade with low market caps, eventually one of them will go mainstream, get major financial media buzz, and when the whole world rushes to fegex those of us who were positioned early in the good ones will do very well.
interesting and really excting times......
indeed, fegex is like a gem-farm right now. finding the best smartdefi tokens is key though.
team FEG haven't made it easy to find SD tokens yet, but that should change, as many of SD project devs are just now applying for listings on coinmarketcap!
here's one site:
https://sdtokens.com
there are other lists, various places. i'll add them to our thread as i find them.
i can't tell, am i a cynic or just a realist? lol
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168609529
those are all excellent observations, but i've come to the conclusion crypto doesn't need retail, or anyone really, pushing it higher.
when it's time, they just run.
given how often we see a retrace a majority of each leg up before a coin or token ultimately trends higher, i have to think there's some smoke-and-mirrors going on in liquidity pools.
and we see claims like "Crypto X has been programmed to hit Price Levels Y and Z", and in many cases it comes true. trading bots, market makers, a bit of both?
but most of all, crypto is a billionaire's game. they don't usually worry at tax time. they offshore cash, hold lots of crypto (which lacks reporting standards), probably hire teams of bots on social media to impact sentiment, while financial media spins narratives of success or failure.
so imo crypto will run when the whales proclaim it's time. and it's looking pretty ready!
most smartdefi tokens have "reflections". some more than others. this term simply means free tokens distributed into the wallets of all holders, that happen automatically, with each transaction.
who pays for them? each buyer and each seller. it's a small tax on the purchase or sale.
**this is a long post, so keep scrolling**
another term is "rising price floor". again, it's funded by a tax on each buy or sell, a small % goes to the "baseline value" of the token. so it starts low, when a token first launches, and then continues rising over time.
this signifies the minimum amount (shown as a green "baseline" on the chart) anyone would get if all holders were to sell. the fractional number is the amount of BNB.
https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
you can't buy this on coinbase yet. if you could, they would probably keep the reflections.
the SD concept is radical enough, i had to be hearing all the buzz-words like asset backing, rising price floor, over and over, then one day it finally clicked.
i'll go over the FOOK numbers again.
market cap is about $700K. so if someone invested $35K they'd own 5%.
if it trades $100K dollar volume, since it gives 25% reflections, that means $25K is distributed across all wallets. the more FOOK someone holds, the more of the reflections they get.
so 5% of $25K is $1,250 into your wallet, trickling in automatically all day long, as it trades. while you sleep, as FOOK is trading, you're getting paid. up or down, it's all generating more tokens into your wallet.
imagine if any OTC stock did this, the huge investments that would pour in.
so this is eventually what will happen with FOOK imo.
and just one whale could own most of it. what if 10 whales told 50 more whales? they could push it way up, 10X the price, 10X the volume, and it would generate exponentially higher reflections. mind-boggling, huh?
https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
if those were smartdefi tokens you were holding, with 25% reflections, you might have thousands of dollars a week in free tokens, and with SD rising price floors, you could eventually sell any of them for double or triple what you paid for them, merely because you sat on them. lol
this isn't theoretical, it's happening right now. whether we own them or not.
that's the point i've been trying to make with this new board.
and also why i didn't want to mix this chat with a general crypto board, because nothing else is built like it.
i remember the glory days of pennyland, back around 2000 to 2005. every ticker seemed to run really hard.
and there were some good ones around 2012 to 2015, then in the very recent period you mentioned, every OTC stock was bouncing, some made giant moves like we saw decades ago.
with crypto right now, i think each "dog has its day". memecoins are hot. probably always will be.
doge ran from deep sub-penny to .64 when elon was on SNL.
https://www.coindesk.com/price/dogecoin/
it may reclaim those highs. hard to say.
SHIB was a legend. one trader turned $17 into $5.6M, in another case, an $8,000 investment became billions of dollars. will SHIB continue like that? probably not.
i've chased some runners and ended up underwater or break even.
but rather than parking my money in the ones that i entered too late, my instinct has been to sell, so i can reinvest that capital in the "next SHIB".
i have a fair amount in KISHU.
but i also put some in a few SD tokens, i want to let the tokenomics lift the price up. that's more conservative than putting it all in KISHU, or Dogelon or Floki, etc.
i think what's most important (for me) is not letting cash sit in cryptos that could slowly lose ground. it's too stressful. it makes me uneasy. that's just what i'm doing, i'm not suggesting you take it as advice.
another SD token i really like, FOOK, has 25% reflections. this means if 24-hr dollar volume is $100K a 5% holder would get 5% of $25K, which is $1,250, paid automatically, into their wallet. every day.
check my math, but i'm pretty sure i'm right!
and if volume is $200K per day the reflections would be $2,500. if the price doubles and volume stays the same, then reflections would be $5,000 a day. just for holding it.
and if a holder never sells their reflections, those gains compound, so future reflections are based on a higher % held of total circulation.
FOOK also has a huge burn wallet, it's the highest % of circulation now:
https://bscscan.com/token/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1#balances
so every transaction burns lots of tokens, meaning a 5% holder could gain a larger % of total circulation pretty quickly.
as you can see, the potential for just holding and never selling is enormous. and the IRS (so far) has said they won't tax crypto staking gains until they are sold.
here's a link to buy FOOK on FEGex. https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1
the green line in the chart (screenshot below) shows its rising price floor.
almost no one realizes how revolutionary smartdefi tokens are. a proper explanation needs some backstory.
i've had such bad luck with OTC. even RM plays with good share structures ended up sold to a crooked CEO who diluted them into the dirt. so then i got interested in crypto, many of us did, and dogecoin was great. SHIB was too, but many others were garbage.
we found out the hard way how easily it is for a team to pretend to be legit, then do a "rug pull" and disappear. after emptying their team wallets and draining the liquidity pool. this has been so common, it gave crypto a bad reputation.
BUT with these smartdefi tokens, as they trade, a portion of each purchase or sale goes into an asset pool, and this creates a rising price floor. so it removes a lot of risk. i wish more people knew this. in time they hopefully will.
one example is affinity sd, a brand new NFT project. the price floor is already nearing .50, and it's only been trading a few days. months from now the floor will likely be far higher than where it's trading today.
so theoretically we could just sit in these tokens that allocate a decent % of transactions to the LP/price-floor, and (eventually) make a profit.
but if the team does follow through, the rewards could be far greater.
you can trade affinity on fegex. to show the price floor (green line) click where it says "baseline", https://beta.fegex.com/charts/details/bsc/0xBB8047fc6D515DE90CBAFacb0886181F336F1463
i took a screenshot in case you can't see it in that link.
huge news for FEG hitting. here's their USCT on the blockchain. a universal stable cent:
https://etherscan.io/token/0x5987fe1f6a7f1d4cf6466dad53801e1781ad1382#balances
more groundbreaking tech from the dev lifeisdefi. this USCT is backed by other stablecoins and will never fluctuate in value since it's .01 denominated, not a dollar.
used for lots of things, but biggest perhaps is a USCT pair for big-name cryptos that can trade on fegex and draw lots of traffic.
plus USCT pairs of SD tokens will be trading....
and best of all, it will streamline fiat onboarding, too, which has been a hurdle for fegex DEX adoption, since the average person has no idea how to create a metamask wallet and fund it with BNB to purchase FEG, ROX or any smartdefi project.
i hear you, the way i try to deal with taxes is just make more profits. zero out the taxman. and crypto is doing 10Xs for very double in stocks, so i am grateful to trade this end of the market.
i saw STEPN trending on twitter today. are they copying STEP?
or is STEPN the NFT version of STEP crypto?
https://twitter.com/TheBinanceNFT/status/1516424055980797952