As BIBI CAT pointed out, this is a transfer, not a sale. But still. Announced use of the "community" fund.
And another 400 have been sent. Meanwhile, on their Discord, everybody is playing nice because you wouldn't want to madden an anonymous team who could dump at any time the remaining 25% of the supply.
Also, you'd want to sell yourself too at some point before the week is over.
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The tokens that you buy with $1000 aren't enough to run any of the four types of nodes, therefore you'll have to delegate. VC's, the company, community & dev funds (87% of total distribution) start vesting before retail hands.
2/x
Add inflation to the mix, and it means that you have a low chance of taking some profit after your 1-year lock-up period. Your bet is that this succeeds, with no cushion for risk. Am I wrong @rohamg (co-founder)?
3/x
This is the same team that's behind a working exchange with cross-chain tech.
And 70x rewards starting in 3 hours, for those who pool liquidity with . But don't be a bad mathematician and think that selling on your own pair makes sense. The way to 100x is to go through with the transition and get the , and rewards as well. No pussies.
Almost 100%, there will be no delay. After the first week ends, the transition of funds to L2 AMM will only take a few hours. This is the first low fee AMM which can do cross-chain swaps, helping #Ethereum: defi.confluxnetwork.org/en/
1. Just set weights to 0.01x for Sushi LP's. They may still transition to the new AMM for the and bonuses.
By the way, the high selling pressure is only with us in the first week. Let's hope we can migrate a lot of liquidity at least.
2. The way to win this ultimately is simply delivering a great product. Be successful with the transition, and have a good looking & secure AMM waiting on @Conflux_Network.
Create an easy bridge between it and moondex.io, etc., let us know what's coming! Radmap!
FC is "FanCoin".
Explanation from the ConFlux team regarding it:
> CFX is FC. While we are distributing FC through different programs before Mainnet, when we launch phase 3 of our mainnet FC will be swapped 1:1 value into the official CFX token, so 1 FC = 1 CFX
This project might end up useful, they just need to be more transparent with their spending until gov is in place (specify to whom each payment went from the 10% community pool), and maybe burn 50% of their own , and change their own income to 10% for better tokenomics.
3/3