DEFI Token F.A.Q
Came across a post on listnerds written by @ironshield
Firstly nice post no issues just some questions were asked which need to be... well answered or clarified atleast.
One of the problems we have in crypto is we are all used to investing in tokens/coins built or backed by fairy dust so we don't really know how to act when a project is actually backed.
Hense the question?
"So what do you expect to happen to the token after that date?
Should people be dumping them beforehand?" By @forexbrokr
This is a valid question
The term dumping generally applies to crypto projects because if you are not ready to dump at any given time you will lose your money.
That's where Defi token is different.
After 30 weeks the dividends will stop, that doesn't mean the token will disappear. The token is pegged at 0.1 hive. It will be bought back by hivebuilder at 0.1 that is every single token that was issued and every single token that was produced through emissions.
Which means you can SELL (not dump) today tommorow in 5 weeks, 10 weeks even after the dividends end remember all tokens are backed.
Have a look at our buy/sell orders.
Remember the token is pegged at 0.1so all other orders should be ignored the 0.1 order is the only one worth noting.
We have no sell orders. Any sell order above 0.1 hive needs to be ignored. Therefore we have noone wanting to sell. Can you find another token on hive-engine or anywhere that has that much positive liquidity?
No you wont
Now we appreciate this is a novel concept and no other token is constructed in this way where everyone makes money noone loses, but every now and again a team thinks differently to every other, this is usually after being disappointed themselves by other sh*tcoins.
@jfang003
Says
"I was given a few tokens but I didn't realize the payouts were increasing slowly each day. The number I have was just too small for me to notice."
There is a min amount required to see your dividends increasing daily.
The Apr increases every week by 1%. Usually defi projects start with high Apr and end with low.
This is another difference to every single defi project out there. You will not find any other project that does this.
@metzli asked "I would like to learn more about the DeFi tokens, do you have an article on that"
We hope these have answered your questions and also feel free to look through our previous posts.
Did you also know??? If you bought defi token in week 30(which is the final week of dividends) @ 0.1hive(pegged price) you would still make money. If you can find any other project out there that can do the same then....you won't.
If the price of the token doesn't go up then how do I make money? This was a question asked in our discord. This is also a valid question as most tokens rely on others buying from the previous holders.
Your profit comes from the dividends you receive with your mind at ease that the price will not dump on you while you sleep.
Should you buy defi tokens?
That's the main question you should be asking and the honest answer is you won't be able to. If you can buy at 0.1 hive then you should but as you can see the buyback order is so big you won't get any so your best waiting for the next round to start. Have a look through our previous posts, check the comments. Jump in our discord do the same. Always DYOR which we encourage you to do because we are confident you will like it.
Please feel free to ask any questions in comments below or join our discord
