Thread by @SunDoesMoon

A quick thread on why Try.finance ($TRY) is a long-term hold. In addition to staking, there are 3 keys to TRY future success on which to focus:

1.#FEGex Staking Fees
2.#SmartDefi
3.#Arbitrage feature

First, it cannot be understated how important $FEG is to $TRY’s ultimate success.

FEG recently rolled out the auto-deployer which allows any project to list their token on the #FEGex decentralized exchange.

The new FEGex UI is forthcoming and the team is constantly working to provide value to $FEG investors.

https://twitter.com/FEGtoken/status/1421320101417177088?s=20

There are dozens of projects that will be listing their tokens soon and many of these projects will be vetted to allow staking (research Staking on fegtoken.com to learn more about these benefits.)

Ultimately there will be thousands of investors who choose to stake their various tokens on #FEGex .

FEGex Staking Fees benefit TRY

Each initial staking transaction will include a one-time fee of .02 BNB or .003 ETH (depending on the selected chain).

These fees are used to automatically buy the equivalent amount of TRY (again BSC or ETH network) and that TRY is immediately returned to the individual staker’s wallet.

BSC – Every 50 new stakers will create 1 BNB of buy pressure on TRY-BSC

ETH - Every 333 new stakers will create 1 ETH of buy pressure on TRY-ETH

These new $TRY owners may:

Opt to sell their TRY immediately. This would nullify the price impact but would burn more TRY.

Hold their TRY and become a part of the community.

Not even know or care about their new TRY – essentially burning TRY

CONCLUSION #1 - #FEGex staking feature creates constant buy pressure on TRY token.

$TRY will be a #SmartDefi token:

@fegrox recently launched the first SmartDefi token ($ROX) within the #FEGex ecosystem. There are a wild range of benefits that #SmartDefi provides. I encourage you to visit fegrox.com to learn more.

The function that I am most impressed by in #SmartDefi is 100% Asset-Backing. Here is the fegrox.com description of asset-backing – one that you must read and understand if you are a long-term investor:

$TRY will be one of the first tokens to be converted to the #SmartDefi technology. Over time, the value of TRY will only increase and can never be worth less than the constant-rising floor. You DO NOT find this type of guarantee with other crypto projects.

CONCLUSION #2 - TRY as one of the first SmartDefi tokens will have an increasing minimum value.

$TRY will be a be a required hold to participate in #FEGex arbitrage features.

Arbitrage Definition - Arbitrage is trading that exploits the tiny differences in price between identical assets in two or more markets.

As the FEGex ecosystem matures and lists many more tokens, there will be arbitrage opportunities identified between FEGex and other exchanges (Uni, Pancake etc.)

This feature is currently being developed by TRY’s main developer (Tony). Tony has the solidity skills to deliver this product and while we don’t know how many TRY will be required to partake in this future opportunity, access to this technology alone will be extremely valuable.

Hence, there will be buy pressure on $TRY to access this feature as well as the arbitrage profits made available.

Here is an example of arbitrage that Tony provided:

CONCLUSION - $TRY as the required token to access #FEGex arbitrage will create buy pressure and provide arbitrage profit to TRY owners.

SUMMARY – $TRY is a long-term hold and I can see the token value exceeding $1000 in the next year (NFA). Do your research and check out the TRY tg channel t.me/TRY_Official.

Finally, I do not have time for “moonboi” comments about $FEG price or other BS. I am an investor and not a flipper. If you don’t see the tech and the vision gtfo.

TRY Contract (BSC) - 0xc12ecee46ed65d970ee5c899fcc7ae133aff9b03

TRY Contract (ETH) - 0xc12ecee46ed65d970ee5c899fcc7ae133aff9b03

Yes they are the same contract for both.

/fin

PS - If you aren't buying $ROX as these discounted prices I am assuming you are our of ammo

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