Official Bitcoin Thread

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Yall want some Concave alpha?

concave.lol/blog/concave-ptoken-model-primer/

Some light Thursday night reading on the pToken function for anyone who's invested in the CNV movement.

More potential alpha - a pCNV token was just registered on etherscan. Probably a scam but... the timing tho 👀
 
The contract addy was apparently specifically created to help keep has costs low. Apparently the more 0s in the contract address, the less gas-intensive the transactions are? One of the devs made some comments in discord.
 
Day 4 - January 12, 2022

The Trades:
08CEAF10-1C66-444B-A1AC-AAA396D2197D.jpeg
03C85D30-B265-4D56-B045-EFAE75B4E826.jpeg
CE83BA82-73F3-48F4-BCC8-24710C7C53BE.jpeg

*(-x) = trading fees
Day 4 Results:
+149 (-20)
+407 (-200)
+508 (-200)

Daily NET=
+644

Challenge Total:
+2468[previous NET]
+644 [today's NET]

------------
+3112

Progress Report
Daily Goals : 3112/4000
30 Day Goal : 3112/30,000
365 Day Goal : 3112/365,000
Day 5 - January 13, 2022

The Trades:
9DBB5C72-C04C-4910-9C84-C89698E23A5F.jpeg
DE1B932F-5313-4171-8D22-3BB641140DA7.jpeg
FDEE689B-CA31-4998-9F65-CD46A7037367.jpeg



*(-x) = trading fees
Day 5 Results:
-648 (-200)
-58 (-40)
+502 (-200)

Daily NET=
-644

Challenge Total:
+3112[previous NET]
-644 [today's NET]
------------
+2468

Progress Report
Daily Goals : 2468/5000
30 Day Goal : 2468/30,000
365 Day Goal : 2468/365,000
 
thanks for the heads up and all the help. is the the purchase cost or the type of NFT going to be weighted when ptoken allocations are made? interesting read for sure. i guess i'll look at concave as a possible super long-term hold? either way, it's a wild project. hopefully they stick to a Q1 launch.
Q1 launch is almost guaranteed. Only reason I could imagine a delay is if there's an unmistakable trend in like-protocol launch failures that we see leading up to CNV launch. Doubtful itll happen. I wouldnt be opposed to delaying until we see a clear trend reversal in the broad crypto market. Things might be stabilizing but idk when we'll see moves back upwards for BTC and ETH.
I believe the cost of each NFT will be the weight used when pToken allocation is determined. Basically, whatever you've invested in the NFTs will be your buy in. Spending $100 on a ponpave is equal weight as spending $100 on a penguin, is different than $150 on a spoon.

And yeah, as long as the native token price doesnt crater, hodling is the move. I read somewhere that when somebody burns their pTokens, the burnt amount is redistributed amongst the remaining holders. So longer holding may still increase the allocation amount.

I'll probably burn a small % I'm allocated when they unlock, to recoup what I've spent so far, but the token mechanics are setting up well to avoid any pump and dumps, or long-term failures.
 
Dumped my supduck. Wasn’t vibing with the community. Deciding between squiggle, alien frens, or staying put with the eth I’ve raised.
 
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