Dec 26, 2020
🎁🎅🏻X’MAS MUSICAL $CHAIR🎉🎁
When was the last time you played musical chairs?🪑
Introducing the GRAND EXPERIMENT!!!
$CHAIR, share and care❤️.
$CHAIR is designed to be a deflationary store of value in erc20 ecosystem.
While RFI forks redistribution model creating consistent sell pressure and liquidity drainage as an outcome, $CHAIR has “traditional” burn mechanics which control scarcity dynamics, controls sell pressure and ensures that liquidity pool is never fully drained.
Come as you are and lets make money for 2021 Holiday season.
$CHAIR will have a 10% burn on every transaction and decent amount of initial liquidity added to Uniswap pool, with a proper community support the sky is the limit.
Let’s face it. You’re here to gamble since you missed out on the last 5–6x uniswap shitcoin. Well guess what, you’re eyeing the newest & most brilliant valueless experiment right now. Ah, another great day in the shitcoin casino.
🥁*DRUM ROLLS*🥁
https://t.me/xmasMusicalCHAIRS
Phase 1 — Shill for Airdrops after listing
Top 5 members get 1token each
airdrop send 30minutes after listing
take a snapshot of you shill and send to tg @ pepepare
Phase 2 — Presales Whitelist
Total Supply: 100 $CHAIR
No dev wallet, No marketing tokens.
Hardcap 25 ETH
1 ETH = 2 $CHAIR
Dev fund is 2 ETH (No tokens)
23 ETH (minus deployment and token distribution cost) will go for liquidity.
Min/Max Cap: 0.5 ETH
Listing Price will be about the same as presale price. (Fair Launch)
https://t.me/xmasMusicalCHAIRS
Whitelisting starts at 150 members or when countdown ends.
Phase 3
We will distribute tokens via multisender >list and lastly >lock liquidity on unicrypt.
https://t.me/xmasMusicalCHAIRS
Bullshit we left out that just doesn’t work.
1. The fallacy of $SAV3 / $ABS style “absorption” liquidity locking. Why doesn’t this work? Take the simple x*y=k CFMM that uniswap operates on. Fees collected from transactions and locked in liquidity here never introduce new “capital”, instead it exerts consistent sell pressure by skewing the balance of the pool in the native token’s direction. New capital only arrives from new ETH injections, which simply includes 50/50 LPers and people swapping for the token. Oh and the rising floor price? The price deviation that happens the majority of the time renders it grossly insignificant.
2. The broken logic behind $ITS style “liquidity buybacks”. Why are we even talking about this. Once again, this is another failed attempt at ponzinomics. Liquidity buybacks don’t work. First reason is stated above (new capital only comes from ETH injections). Second reason is that no one will ever touch your liquidity pool if a % of their share is burnt. LPing is a careful game that may be profitable, and you just destroyed your chances by slapping on a 2% fee per hour for any LPer. You’ll also eventually run out of ETH-side liquidity if no new LPers enter (a negative cycle! brilliant!).
3. And rebasing… seriously… Rebasing achieves a total of nothing. The only thing that changes is that you’re now trading on market capitalization & your % of total tokens. Oh and volume generation from the exciting rebase periods? Doesn’t happen since rebases are priced in instantly as balances are updated directly in conventional CFMMs. There is nothing mathematically different between $BASE, $AMPL, and every other normie-tricking rebase token out there.
The real secrets behind proper ponzinomics are a lot more nuanced, but realism is irrelevant to this sector anyways so we’ll talk about that another time.
Remember, CHAIR is COMPLETELY EXPERIMENTAL and is presented as-is. The use of the words “ponzinomics”, “gamble”, “shitcoin” are completely satirical and they should not be taken literally. You should also expect nothing from CHAIR and its team. We highly discourage you from interacting with CHAIR under any circumstance. Proceed under your own discretion, and remember to perform ample due-diligence.
