Something feels different this morning. As usual, I’m on the bus to work and I’m shit posting to pass the time. But this morning I feel absolutely stocked. Maybe I’m just a crazy ape who has no idea what he’s talking about, but every fiber of my being is telling me we are getting closer to “the event”, the moment that the public at large realizes just how fucked we are, and all hell breaks lose. I’ve been looking at the Bitcoin chart and it looks like the cardiograph of someone who’s having a heart attack. Man, are they fighting over that 30K level! The stock market is not much better. IMO Classic bear market rally. Bond market not looking good either, with the 10y yield threatening to break 3% and charge higher, like a giant wrecking ball. If only a small part of that capital moves to gold and silver, it’s game over for the Fed.
Tuesday, June 7, 2022
Mac&Cheese(XVMC) Governance(DAO) Is now LIVE!
TLDR: Blockchain CD, decentralized, governance(DAO), + meme tokens + (stakeable) NFTs + (stakeable) virtual land. All community owned, no VCs,... you are "the first" to get in!
Check the pictures at the bottom if you don't bother reading.
Mac&Cheese started more than a year ago and is one of the oldest Polygon projects. The main motivation was the fact that everything else was so bad. Most projects are either blatant scams, rug pulls, have incompetent owners, are centralized or have misaligned incentives and poor design(designed to fail).
Bitcoin was literally made to replace the FIAT currency. It is decentralized by design and removes the need for trusted third parties(banks). Bitcoin has appreciated more than x1,000,000 in 12 years(yes, a MILLION X, from 0.05$ to more than $50,000!). The whole point of crypto is that a small amount can turn into something big. Bitcoin has appreciated x1M and Ethereum around x30,000 from the very bottom. Such returns are possible and have happened!
So why are you risking your life savings in some pickleFinance farm run by anonymous dev to get some miserable single-digit APY? What's wrong with you? Stop this non-sense, get some help. What's up with all those games as well. This has nothing to do with crypto.
XVMC is designed to create the same opportunity to that of btc and eth. It's designed to be highly risky and volatile. Those features can bring the potential for enormous returns.
Bitcoin acts as a store of value, XVMC is a blockchain certificate of deposit. Time deposits are the biggest market in the world and the addressable market is up to 10x larger than that of Bitcoin(store of value).
The longer you lock your tokens for, the higher APY you earn and more voting power you possess.
The locked stakers govern the protocol. It can be updated in a decentralized manner without trusted third parties. You can also delegate your vote etc,...
The genesis wallet("founder share") is about 15%, but most of the tokens(more than 95%) are locked for more than 4 years. 10% of the supply was airdropped to 25,000+participants, 30% was given to 2500+ crypto holders(220m$+ commited) and 40% was given to contributors.
The governance(DAO) contains a trustless process through which the users can schedule token burns, reward boost events, manage roll-over bonuses, control treasury wallet, governor tax and much more.
On the DAO panel you can see who is voting/proposing. You can basically check their "reputation" in the network. How much tokens they hold and how much of it is staked and where(for how long).
Keep in mind that the process is designed to be trustless. Most projects have a "snapshot" website where you vote with tokens and then nothing happens, unless the dev makes the change. We are not like that. You vote, the change is enforced into the system. You become the bank. The users act as integrated oracles that regulate the entire system.
The core of the system is the Blockchain CD. To fulfill the hype, there are also meme tokens and full NFT support. The ideas is that the treasury wallet holds the meme tokens and NFTs.... And thus by buying the XVMC token, you get the free exposure to NFTs and meme tokens without any additional risk.
You have it all under one hood.
The system also supports NFT staking. There are currently no NFTs, however the proccess for adding them and making them stakeable is extremely simple. A list is submitted, and if approved by voters, the NFTs can be staked. Additionally the allocation for the NFT rewards must also be set. All can be managed through the DAO dashboard panel.
The idea is to launch the "virtual land" NFTs, where the governing contract collects the procceeds from the sale and the treasury wallet receives some of the NFTs, and then in "exchange" those NFTs can be staked to earn token rewards. The NFTs DO NOT exist at this point, however the system for staking them DOES.
It really is an all-inclusive cryptocurrency ecosystem... There are so many more features that i don't have the time to delve in. When a certain threshold of tokens is collected in the governing contract, reward boost can be triggered, during which you have a period of boosted APYs. When the event ends, the collected tokens are burned and the global inflation of the system is reduced.
This is how we keep base inflation low, with occasional APY boosts events.
Pretty much all of the "team" tokens are locked for 4+years. It's made to be fully decentralized and has been audited.
It took A LOT of effort to build and launch. For the first 3 days there is a "backdoor" built into the system where a single entity can bypass the governance process(and could in theory rug, but then why would i be telling you about it...)... This has been left in case there was a quick modification(fix) needed after the launch, as it was quite complicated. We've been there for more than a year, ain't nobody rugging in those 3 days.
It really is INCREDIBLY good. Probably beyond the comprehension for most of you.
The easiest to understand is by analogy, so check out the pictures at the bottom
Also keep in mind that we started at incredibly low valuation(100k marketcap). It allows the less fortunate to accumulate at best price. For someone from the third world, turning 100$ into 10K$ can be life-changing. You are NOT supposed to be able to buy large quantities at current valuation.
It's made to appreciate QUICKLY and the price could run up super fast. The liquidity is extremely low and there is very little tokens available at these prices(most tokens are staked!). You should get in ASAP. If you want more liquidity, there is a fixed-swap on the website where you can buy at 5M$(50k$ tokens available) valuation and 10m$ valuation(200k$ tokens available). The funds from the sale go DIRECTLY into the treasury wallet. Those funds are planned to be added to liquidity. (fixed swap: https://dao.macncheese.app/buy-XVMC-bulk-OTC-purchase.php )
ALSO, because some people dislike the mac&Cheese brand, we have added the ability in the token contract for the name and symbol to be fully changeable. Rebrand can be done easily(2 lines of code, BUT 80% agreement required amongst the stakers). Everything is fully dynamic.
Everyone is focused on marketing, selling vaporware, meanwhile we've instead built a superior product first, that surpasses competition by every metric.
Fully decentralized, trustless interest, trustless on-chain governance, reward boost events, token burns, unmatched staking features, treasury wallet control, NFT staking, decentralized integrated oracles... There is nothing better in existence.
Website: macncheese.finance
Governance(DAO): dao.macncheese.app
Staking: stake.macncheese.app
All features: https://macncheese.finance/XVMC-features.php
Audit: macncheese.finance/audit
Current price(8th June): $0.000000108
Price chart: https://dao.macncheese.app/mac-and-cheese-XVMC-price-chart.php
(Note that we've just launched new token, which is basically just a 1:1000 split)
10 Things I Wish Someone Had Told Me When I Was Learning To Trade Crypto
While I consider myself an amateur trader and a small-scale investor, over the 2+ years of trading crypto I've learned some things I'd like to share with you all, but mostly with those who are making their first steps into the uncharted cryptoland.
- Just as with anything else in life, trading cryptocurrencies is context dependent. That means you should remain a healthy sceptic about general truths, universal rules and things that "everyone knows". Consider the famous "buy low sell high" dictum. The definition of high and low is subjective in most cases since it depends on your timescale, goals and trading strategy. If you’re a hodler, as are many of the fellow redditors here, your high and low will differ dramatically compared to the day trader's.
- It is for the same reason that bulls and bears don't really matter. Whether you're 'bullish' or 'bearish' depends on your strategy and timescale. Consider this: to someone hodling BTC since 2013 a dip here or there (even a prolonged one) makes little difference because the price of BTC over the time continues to grow monstrously – you can call it one long-term bull market.
- At some point, you'll bump (or you already have) into something that is called 'technical analysis'. Let me save you some time (and money, probably) by telling you this: technical analysis is neither technical, nor is it very analytical. While many traders regard TA to be a scientific way (supposedly based on mathematics) to read and predict the market moves, TA has little to do with any formal science. Differently from the surrounding physical world, we are not aware of any physical laws that govern our human behavior, including markets. If it was possible to mathematically calculate and with certainty predict market moves, the big buck guys in Wall Street would have already done it. Think about the major financial crises for a moment – just like the Spanish Inquisition, nobody (well, almost nobody) ever expected one. Does it mean TA – trends, chart patterns, MACD, RSI, Elliot wave count, etc. – is a complete rubbish? I wouldn't go as far as to claim that. It is somewhat helpful – if only a little, TA still gives you a feel of the current market mood. TA also does one other thing pretty accurately: it graphically represents historic data of human behavior in the financial markets. Surely you can benefit from that? Or do you? This brings me to another point...
- Beware of historical analogies and 'I knew it all along' thing. As humans, we are prone to hindsight bias, a tendency, after an event has occurred, to see it as having been easily predictable. We are all blinded by hindsight bias because our brain looks for simplistic linear link between cause and effect. This way when an unexpected event happens, the brain uses the knew-it-all-along mode to cope with cognitive dissonance and make sense of the surrounding world. While trading hindsight bias harms you in two ways: a) it drains you psychologically for not making 'the right' decisions in the past, and by luring you into oversimplified historic analogies, b) it creates a false sense of investment security at the present time. Just look at everyone complaining they've sold their BTC at the worst possible time (as a matter of fact, I am no different – I still autodestructively loathe my decision to liquidate a large portion of my BTC portfolio after the BTC price hiked to 8k). It is also very tempting to think you wouldn't miss 'the next bitcoin'. The problem is, though, that it is incredibly difficult if at all possible to spot such an opportunity. You have to be either lucky or extremely well informed (and lucky) to capitalize early on such opportunity. In reality, it's very difficult to differentiate between useless information (noise) and something that truly matters (signal). Which brings me yet to another point...
- Stop being a news junkie and start filtering what you read/hear/see. If you don't, at some point in time the quantity of consumed news will start to impact your decisions and it will begin to negatively correlate with the net gain of your investment portfolio. Instead of reading news nonstop, better educate yourself – dive deep into the market fundamentals and the technology you're dealing with. This way it will be easier for you to spot new lucrative investment opportunities when the time comes.
- Accept the fact that idiots also happen to make lots of money and move on. Multiple times too, if they're lucky ones. However, the net worth of (lucky) idiot doesn't mean you should imitate him and become one. Some two months ago a Dutch father of two young children sold his family's house, bought BTC and other cryptocurrencies, and relocated his family to a rented property. After the recent spike in BTC price the guy's net worth must have increased substantially. So, is he an idiot? Absolutely! It is only a question of time before he ruins his own and his family's life with some incredibly reckless financial decision.
- Try to understand the motives governing your decisions and act (or don't act) accordingly. If your actions are about to be driven by extreme emotions such as fear, panic or excitement – stop immediately and reevaluate the situation. Otherwise you'll end up belonging to the FOMO buyer/panic seller club aka the money losers. If you want to stay on the earning side long term, you must keep your head cool and think clearly.
- Day trading is probably not for you. Consider this: evidence in neuroscience research shows that we are a loss-averse species. For this we should thank our stone age ancestors who had barely enough food, shelter and belongings to survive in a very adverse world. Losing even a little of what they had meant their existence was in jeopardy. This explains why contemporary humans prefer avoiding financial loss to making financial gain. Neuroscientists claim that losing money activates the same area of the brain that responds to mortal danger. This is why in order to do day trading you must have A LOT of self-control and balls of steel – there are many ups and downs during a single day. It drains you emotionally, you end up being addicted to adrenaline, your fiancée hates it, and the hodlers will probably outperform you in the long run anyway.
- Volatility is your friend. Over time BTC volatility makes the coin stronger, not weaker. While wild swings in price makes BTC almost impossible to use as a currency, volatility is good from the financial asset point of view. Traders and investors dealing with BTC get used to huge and sudden price hikes and dips. Unlike for any 'stable' stock of any prominent multinational corporation, even substantial and unexpected shocks will not undermine the confidence in BTC. BTW, best of luck to everyone planning to short BTC. :)
- Make small mistakes, learn from them, get wiser, err less. In your childhood days, you needed the experience of burning your hand with fire so that for the rest of your life you wouldn't need to think about the painful experience. That information is now hardwired in your brain and helps you to avoid getting harmed. If you've just started trading crypto, expect to make mistakes and prepare to learn from them. It's only after you get into FOMO, get panicked big time, take too big a risk, get out too early only to jump in at the worst possible time, ONLY and ONLY then you'll start to improve.
The Road to Wisdom
The road to wisdom? —Well, it's plain and simple to express: Err and err and err again, but less and less and less. — Piet Hein
Hope that was helpful.