SlowBurn - Game theory experiment with 1.2x gains per day!
Introducing SlowBurn - a fun game theory experiment with a token designed to maximize short term gains. Inspired by the developer's ill-fated investment in a shitty shitcoin (did I mention it was shit?), SlowBurn will also have no value long term, but instead of a mad pump and dump scramble post launch, SlowBurn should steadily increase in value over a few weeks or even a month. Get in, make your gains, and get out before the token collapses!
How does it work:
* Initial presale period of 1 week, with a hard cap of 200 ether, and a limit of 1 ether's worth of tokens per address.
* Once presale ends, all the ether plus a corresponding amount of SlowBurn tokens will be provided as liquidity to a uniswap pool.
* Once per day, anyone can call SlowBurn's maybeReprice() function. This will modify the uniswap pool's token balance in order to give a 20% price increase from the previous day.
* 1 day: 1.2x
* 1 week: 3.6x
* 1 month: 237x
**IMPORTANT - Although SlowBurn's value will increase by 20% each day, the price is only meaningful if sufficient liquidity exists at the uniswap pool to convert your holdings into ether. At some point the ether reserves will be drained and the token will become essentially worthless. If you don't understand this point, please do not invest.**
The unique feature of SlowBurn is the guaranteed daily price increase. We expect this should provide very strong sell resistance as why sell today when you can sell tomorrow at a 20% higher price?
More info: [slowburntoken.medium.com](https://slowburntoken.medium.com/)
Telegram group: [t.me/slowburntoken](https://t.me/slowburntoken)
Ethereum rallied a bit on Tuesday, initally falling earlier in the day before turning around and closing the daily candle just under the $1,400 level. The trend is well-defined and the fundamentals ar...
Ukraine’s financial watchdog will track crypto transactions exceeding $1,200, according to the head of its Ministry of Finance. https://t.co/JMaY1K9NlO Via @baidakova— CoinDesk (@CoinDesk) January 27,...
Once You Went Black, Now It’s Time to Come Back Grey Hat Hackers Idea Competition The First Event Powered by Hacken Community PRIZE POOL 1,000,000 HAI ( ≈ $30,000) Submit an IDEA Reasons to Apply Take...
Both Bitcoin and Ethereum have started the new year by hitting new all-time highs Bitcoin more than doubled its 2017 record, although it saw a sharp drop afterwards As for Ethereum, it breached its ow...
The ether rally appears to be more organic and driven from within the crypto industry.The anticipated ether futures contracts on institution-driven CME is one of the factors supporting increased insti...