Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
i want to see FOOK increase in price per token too, but the value of FOOK is in the reflections.
why buy FOOK if you don't care about those rewards? it's a high tax token, to generate reflections for those who own it. this is central to the whole thing. because if you sell your core, you take a 23% hit. who wants that?
based on recent telegram posts, it sounds like the price in presale will be .75
that means a $6K investment could create a 2% position, and that could yield $4600 a day in USDC. based on $1M 24-hr volume.
think my projection is too bullish?
okay, let's scale it down: 1000/4600 = .217
and .217 X $1M means if we had only $217K in dollar volume, a 2% holder would get $1,000 per day, just for holding FOOK.
check my math, i'm pretty sure i got it right.
you've probably checked out several of the avalanche ecosystem projects so far. most of them, no matter the business model, have lots of tokens to unlock and dump on the market.
not the case with FOOK. this is really an amazing opportunity, and that's why i'm pestering you.
saying BTC needs to hit a certain price is also a projection. all we ever chat about on stock and crypto boards is a forecast of future value.
if you don't want to speculate about the future price of FOOK, or reflections based on various levels of dollar volume, i'm not sure why you'd even buy it.
indulge me a little. when i sort this list by lowest to highest dollar volume, i see 75 tokens underneath a $1M 24-hr volume threshold.
https://coinmarketcap.com/view/avalanche-ecosystem/
speculating FOOK could do that well is nothing wild and outlandish. it's very reasonable.
retail is a tiny fraction of crypto money flow. it's mostly owned by billionaires and major corporations, lots of hedge funds, are now moving in. if any of them wanted to frontload AVAX and make it a top 5 crypto they could do it.
BTC is the oldest relic in the crypto complex, pumped up well beyond any use case it has. if crypto lives or dies based on BTC's performance, if we're all so brittle in our thinking we can't elevate new assets, then we deserve to lose it all.
in terms of utility, FOOK blows BTC out of the water. no comparison.
you're welcome. let's do some quick math on reflections:
FOOK has 401K total tokens.
so someone with 8,020 is a 2% holder.
if FOOK does $1M in 24-hr dollar volume, then 23% of that ($230K) goes to all holders as reflections.
what's 2% of $230K?
$4,600 a day, paid as USDC.
a 4% holder would get $9,200 a day.
it may take a while to generate that dollar volume but it can be done.
i grabbed some AVAX too. i'm sure it's a bargain in the grand scheme of things.
of the 25% tax, 23% are paid to holders in USDC reflections. so instead of it increasing your FOOK position it pays in a stablecoin. you can obviously use the USDC to buy FOOK if you want. but this is a nice change because people won't be hurting the chart when they sell their FOOK reflections.
there are plans to launch 2 other tokens, FOOKF and FOOKZ. i'm not sure when that'll happen. the idea with them is to have tokens in our ecosystem with really low and no taxes. and FOOKZ is compatible with central exchanges.
looking around at the business models of other AVAX tokens, it seems like FOOK will really stand out in the crowd.
i'm considering adding more during presale specifically to stake, since rewards are all volume-driven!
we got really used to anemic volume on fegex. i think avalanche will be a paradigm shift in that regard.
new FOOK update in AVAX tokens chat:
https://t.me/AvalancheTokens
FOOK update in the AVAX tokens chat:
https://t.me/AvalancheTokens
FOOK posted in the AVAX tokens chat today:
https://t.me/AvalancheTokens
it's not that i love telegram, it's the only place where i can chat directly with the project leads, developers, of the cryptos i own.
then i come here and tell you what i heard.
if i stop doing that, maybe you'll click over to telegram and join me.
all it takes is one or two clicks of your trackpad.
cheers, the brightest spot as i see it now is FOOK, BurnIt and maybe a few other SD tokens relaunching. now is a great time for that. realistic expectations, nothing but time to do marketing, and hopefully in a new ecosystem where money flow will give us our due.
i encourage everyone to join our AVAX tokens telegram chat:
https://t.me/AvalancheTokens
this is where a lot of buzz can be generated for our investments.
probably a great approach. AVAX is so cheap here and any dip just makes it more attractive.
you're welcome, Mask. this list here has been helpful:
https://coinmarketcap.com/view/avalanche-ecosystem/
instead of starting "top down" looking at the biggest, I sorted by price lowest to highest market cap, and then drilled down to see which had strong 24 hr dollar volume.
theoretically that's the best leverage. if AVAX moves from $15 to $150 that's a 10X.
buy an AVAX pair token that also does a 10X and the combined gain is 100X.
this is also a nice resource:
https://twitter.com/WhaleStatsAVAX
i see you're interested in PXT. I have some of that, but volume has been fairly low on it.
here's my entire list of AVAX tokens:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169268320
i'm hoping to grab a bit more PTP before it takes off:
yeah this media narrative of record corporate outflows in june is pure bunk.
all the articles citing "on chain data" are full of misleading info.
wall street is buying this dip enthusiastically.
as far as AVAX tokens go, there are so many defi sites, DEXs, if any of them were frontloaded by wall street whales then given a big equity raise, that token value would skyrocket and they know it.
since we can't predict which, if any, will be picked up by the financial elites, my approach has been to buy a basket of the best.
my biggest positions are in QI, JOE, PNG, PTP, FITFI, YETI, PEFI.
plus smaller bits of YAK, XAVA, SPELL, ODDZ, PXT, THOR, GMX, CRA, CLY, SNOB.
that's more than enough. lol
here's some info re: PTP's move into NFTs:
Wanna learn more about Platypus #NFT ?
— Niko 🔺 (@Niko_Threads) June 25, 2022
Don’t miss AMA with Platypus Team !
Participants: @MrDuckbill , @MrOtterfoot @MrOtterfoot @MrVenomPlatypus #Avalanche $PTP https://t.co/iiQ38jM2C6
you'll get the same # of new FOOK/AVAX as you had FOOK/BNB, plus the presale allows us to buy more tokens if we want. not sure on price of presale and where it will price at opening of trading.
SD tokens were BNB pairs. and BNB tracks with BTC but our tokens didn't.
the same will be true of FOOK/AVAX.
check the telegram for timing on presale, launch, etc:
https://t.me/FOOKToken
you're welcome. and hey, how about that new "dark mode" metamask has. go into settings, then "experimental". scroll down and the switch is bottom of that submenu. no more blinding yourself at 3AM. utility and innovation! lol
go into metamask and lock your wallet. it'll automatically log you off the site.
yes, lots of AVAX pairs are way off bottom today. fun times ahead.
i replied to you on telegram with links to two PTP specific chats, one is the crypto team's chat about operations, policies and plans, etc. the other group is for traders of PTP. either or both would be good to ask questions in because the team can explain what they do, and traders in the other group can give price predictions.
https://t.me/Platypusdefi
https://t.me/platypus_trading
you can read all about PTP here: https://coinmarketcap.com/currencies/platypus-finance/
i do own it. they have a stabletoken swap site. PTP could be a really nice one.
https://app.platypus.finance/
the dip may be over. with that in mind, i put all my cash to work at much lower prices. now it's just time to wait for the rebound to be in full effect.
hold on, lakers -- the SD tokens you bought were BNB pairs. and binance coin moves with BTC just like AVAX does.
but unlike BNB, which is 7.6X larger in terms of market cap, AVAX could 10X and still only be worth $46B.
i highly doubt BNB will 10X in our lifetimes, especially if the SEC is aggressive with their investigation of BNB.
even in the best of circumstances, BSC network is enormous and it's easy to get lost in the crowd. the Avalanche ecosystem is smaller so it's easier for FOOK to be a big fish in that smaller pond.
now, re: leverage -- let's revisit the market cap comparison, BNB vs AVAX.
you have a pair: FOOK/AVAX.
if FOOK/USD stayed static, never moved, but AVAX did a 10X, you'd make 10X.
if FOOK/USD did a 10X and AVAX did the same, you'd make 100X on your investment. that's because leverage in pairs is multiplied.
furthermore, you don't have to switch your tokens. you already have an Avalanche C Chain network in Metamask, that's all you need.
in the days ahead, read the telegram chat, it's described there when we'll be able to get our FOOK/AVAX. plug in your wallet, grab your tokens. done.
probably by this weekend.
plus we're going to get some free tokens in a new FOOK ecosystem pair. that's just because the FOOK dev knows we've been through a lot and wants to gift them. we can add more of that new token with our own money, but we'll get a free starter.
if we wait for SD, there's no assurance it will ever happen, so enjoy this moment.
check the FOOK token telegram re: relaunch news:
https://t.me/FOOKToken
FOOK token has a major announcement today in their telegram re: relaunch:
https://t.me/FOOKToken
not sure BTC goes to $10K. i think it would take some unexpectedly bad bit of news, but maybe $15K? cash is definitely king in this environment.
ProShares is apparently listing their Short Bitcoin ETF on Tues June 21!
ProShares is apparently listing their Short Bitcoin ETF on Tues June 21!$BITI | 0.95%
— ETF Hearsay by Henry Jim (@ETFhearsay) June 18, 2022
Direxion's short bitcoin ETF needed to be re-filed and now going effective on Jun 21, but no indication it's going to list that day.
AXS' is going effective Jun 24.https://t.co/dH4jpRtQrO https://t.co/tgYG3JPvBr pic.twitter.com/f2m17K0R3h
i decided to start staking QI, PNG and JOE.
https://app.benqi.fi/rewards
https://app.pangolin.exchange/#/beta/stake/0
https://traderjoexyz.com/stake/sjoe
might as well -- it's free money.
rewards are paid in various ways -- USDC stable coins (JOE), PNG tokens with Pangolin staking, QI pays in AVAX.
nevertheless --
during a bull market, rewards will be amplified by AVAX underlying asset growth X any token appreciation on the USD pairs.
i'll be easy to find on telegram, for the time being:
https://t.me/AvalancheTokens
and will crank up the IHUB board for AVAX tokens (linked in my signature) when crypto is back in a bull market.