Thread: The 21 mil $xch pre-farm held by @chia_project is bullish for #chia

Why? Read on... Image
1/ Forget what you think you know. The pre-farm is NOT held by developers or directors of @chia_project . It is NOT going to be sold or "dumped" on the market. Image
2/ So what is the $xch pre-farm going to be used for? Mostly lent to institutions who have a short-term need for large amounts of $xch Image
3/ What does lending $xch do to the price? Well if the interest rate on the loan is not negative it would result in UPWARDS pressure because they would need to pay back more than they borrowed. This is likely an end-game scenario when mass-adoption is realised. Image
4/ Additionally @chia_project may use the $xch pre-farm to fund promising projects and incentivise farmers, increasing the security of the network. Image
5/ None of this is happening until @chia_project has filed to go public. Until then they are sitting on the pre-farm and dogfooding custody controls that can later be used by other institutions. Image
6/ Finally and perhaps most interesting. When @chia_project goes public you can buy the stock. This is similar to buying a slice of the pre-farm, plus benefiting from revenue generated by the company, plus they may distribute the pre-farm to investors as dividends! Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with 🌱FreddieC

🌱FreddieC Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(