Re: WAVES - Complete Blockchain ecosystem for a token economy
Just noticed there is an token, named surge, that is gaining a lot of attention by traders or at least is trading at high volume to be something created some days ago without any project behind.
As far as I can understand, being a noob at this things, its's a smart asset whose price is determined by a formula and it's bound to increase: is it something "fair" in your opinion and is there a way to have a look at the smart contract itself.?
If someone more expert care to explain it would be very appreciated
As far as I can understand, being a noob at this things, its's a smart asset whose price is determined by a formula and it's bound to increase: is it something "fair" in your opinion and is there a way to have a look at the smart contract itself.?
If someone more expert care to explain it would be very appreciated
Yes you really noob in smart assets and i think you can't read the code
I read the code and want to say that token is cristally clear. Only 29 lines of code. minimal price = 0.001*(1+days^2) WAVES , where days - number of days passed from 31.01.19 10:00UTC
Example:
31.01.19 10:00UTC - 01.02.19 10:00UTC - price 0 (not possible make order)
01.02.19 10:00UTC - 02.02.19 10:00UTC - minimal price 0.002WAVES (not possible make order lower than minimal price)
02.02.19 10:00UTC - 03.02.19 10:00UTC - minimal price 0.005WAVES (not possible make order lower than minimal price) x2.5 from previous day
03.02.19 10:00UTC - 04.02.19 10:00UTC - minimal price 0.01WAVES (not possible make order lower than minimal price) x2 from previous day
04.02.19 10:00UTC - 05.02.19 10:00UTC - minimal price 0.017WAVES (not possible make order lower than minimal price) x1.7 from previous day
and more and more growing but with every day x price rising come little low
Who come first and risking first win more - rule of a rich life.
And the main thing is a that rules of a game guarantied by WAVES SMART CONTRACT and cant be changed by some greed peoples as in another games.
Max time of order for that asset - 1 HOUR !!! It is impotant!!! - it is also in smart contract .
And burn for it. Thats all inside contract!!! All genious thinks are simple.
I wish lucky to all of you! And respect to creators of that coin!
Buy Surge - Always Price grow asset https://client.wavesplatform.com/dex?assetId2=5b3UGNZXX5srkHUQWnEWEiaVtnNWmg5aLo5uZMdjWupH&assetId1=WAVES
Surge Telegram group http://t.me/surgewaves
Something in your math is flawed.
First of all , as per the formula you described) price of the first day isn't 0 but 0.001 because [0.001 * (1+0^2)]=0.001*1=0.001
but beside this (am guess it's a distraction error) price are substantially different from the ones described above.
Or maybe it is happening because people buying much above the min price resulting from that formula?
Real trades start only at 0.01 when people understand what "golden guse" it is First man can easy x10 for 3 days