/biz/ - Business & Finance

How much longer do I have to accumulate bros

I need another week to meet my target but I feel like mainnet is about to be released. FUCK

>>15958508
Where can I buy into this? Also how do I mine this? I went on the website and downloaded the programs but don't know what else to do.

>>15958560
Just apply for a line of credit and pay it back, my bank offered me a LoC with 7% interest APR
Sitting comfy on 700k fantom now, can pay back 60$-200$ a month as I choose, and it doesn't affect my credit or anything. Based

>>15958605
Ballsy

>>15958601
Retard

>>15958601
You can't mine it, you can stake it when the mainnet comes out. But you can buy some on Binance or Kucoin
Here:
https://coinmarketcap.com/currencies/fantom/#markets

Zirs do you realise that the south african monetary supply is equivalent to 250 billion USD, if they want to issue just 1% of that on chain, they need 850m worth of FTM to secure it MINIMUM and more like 1.7bn for 66% network:asset value ... PLUS it will more likely be 10% minimum they will want to issue to really crack down on tax evasion and fraud (lost tax revenue which is hurting them as theyre in so much fucking debt)

With a market cap of 20m it just does not fucking compute

This is a CENTRAL BANK. Just ONE.

and more WILL FOLLOW. they are all watching closely. once there is a solution with first mover advantage then they will all hop on, what don't you fucktards understand about that?

if we get to even 10 billion in assets on chain, forget smart cities and all the other stuff in the pipeline, that's 3.3 billion value of FTM to secure the fucking networks.

Are you stupid or are you pressing the buy button?

>>15958615
I don't mind paying 0.62% a month to guarantee making it. I calculated everything, I can budget 200$ to paying my LoC per month, and add an additional 500$ a month in Fantom. The 10,000$ I have in FTM now will be worth way more than what it is now in 1-2 years. 0.01c to 0.1c and I make 10x, and that's my most conservative price prediction, this shit could moon to 0.30, or 1$ in a year or two. Unironically this is the next Antshares

>>15958615
>>15958617
My bad, I meant the testnet on their website

>>15958648
Wrong. Do not be misleaded.

The vale of the network does not need to be based on ftm value, it can use Btc or any other underlying asset to back the 33%.

>>15958759


how?? staking btc on fantom network? wat??

>>15958508
I like how the hospital is a parking lot.

>>15958759
Wrong idiot, it needs to be the underlying ftm token, otherwise attacks can be done directly on the network to compromise the stablecoin holding

>>15958780

You are the wrong idiot. I am an FTM holder that happens to know shit about where I put the money I scam to my employer.

Wanna be my biatch?

>>15958508
I bought 100 usd worth. How much am I gonna make?

>>15958891
-0

>>15958891
VC farm getting ready to fire up their Zar node

https://www.criptomonedaseico.com/en/news-en/hyperblocks-set-to-rollout-staking-as-a-service-for-highly-anticipated-fantom-mainnet-oracletimes/

>>15958881
Not the same

im coooming

>>15958881
lol so you're telling me a client can buy 1 FTM and back it with 200,000 BTC and all will be ok? get real

>>15958940
Ah...aaghhhh...I think....I feel it I’m gonna.....IM GONNNA

COOOOOOOOOOOOOOOMMMM

>>15958945
This, the network integrity itself needs to be maintained through a base value of the token itself. Banks will set price floors to avoid malicious entities accumulating too much and overwhelming them

>>15958953

I have just posted Andre's explanation. My God you are a retard.

>>15958946
Max COOMFY

>>15958945

That applies to network collateral. The staking is done in FTM.

Different things here.

>>15958974
Explain to me how I couldn’t destroy a banks network if the price of ftm is 10 sats and I accumulate 33% of it

>>15958989
same thing though.

The FTM normally is the network collateral.

If I have network collateral of 1 FTM as a client and I back that 1 FTM with 200,000 BTC, then what? some FTM is worth more than others?

>>15959008
He’s talking about stable coin backing I think, not the integrity of the Opera network itself

There’s going to need to be a floor set for the price of fantom regardless, in either case

>>15958990
To destroy you would need at least 66% of the total network value, but I repeat, not the value in FTM, the total collateral.

I'll try to explain.

$1M network collateralized with $333k in Btc, you would need $666k in FTM to destroy it.

How is it possible to collateral with more value than the FTM market cap? The answer is smart contracts.

Anyway I believe in this moon, this is the real deal, not NASA stunts.

>>15958648
If they need this much wouldn't they have bought already? Why hasn't it mooned yet? Or are they buying now?
t. 100k fanties

>>15959041
Dude this is bullshit, I can acquire a shit ton of fantom on the open market regardless of smart contracts

What you’re talking about is the value of the stable coin released on a mainnet, not the fantom network itself

>>15959056

I am not talking about the public mainnet, that will for sure be backed in FTM value.

I am talking about any other private mainnet, such as the one for ZAR.

>>15959056
The value of the network must be 1:1 with the values of assets being kept on chain. For the issuer of a chain that means controlling 33% of network collaterized in FTM, running nodes. And later one thisn will be possiblenl with cross chain assets. (The nodes will still use FTM to run but you could tie in a required amount of BTC in addition to FTM node requirements)

>>15959096
33% minimum, 66% ideally I should add>>15959096

>>15959090
There won’t be a difference between a private network and public network, ZAR has to accumulate fantom tokens to work

>>15959048
They are buying now

>>15959096

This guy gets it.

>>15959116
To stake, not to secure.

Last try.

>>15959116
The only difference is that client mainnets can cap max amount of nodes so that they are guaranteed top always control the required minimum % of networknodes

>>15959155
This. But it will STILL require the fantom token you brainlets, the same one we are accumulating

>>15959164
Yes absolutely

>>15959119
Let's just get to 0.1usd first.
Only 50k here

>>15959174
Gargantuan if verifiable

>>15959174
It would be an additional collateral requirement above the native ftm needed to operate the node

>>15958648
What would 10b Mc put ftm at price wise?

>>15959446
A little over $5

>>15959450
Cowabunga!

so the value of FTM basically has to go up to meet the demand of adoption.

Not it might go up. It literally will the more assets are issued on statheros

>>15959533
Nice dubs. Looks like we are really in it for the tech now.

>>15959655
Nice dubs

>>15958508
based pajeet

We already made it desu

crazy to think I'll be a multimillionaire by Q1 2020

>>15958508
isn't this shitcoin dead? all i see here is a bunch of bagholders who got in at 3 cents kek

just visited the website
>The nervous system for smart cities
this is a meme right? this is straight out of 2017. almost as useless as a wine tracking token.

>>15961419
>>15961434
Please don’t buy.

>>15959533
Checked

>>15961450
>don't set you money on fire
tyvm

read through this
sounds too good to be true
ill pass

>>15961551
What if the one time something sounded too good to be true it turns out to actually be true. 100k suicide stack checking in, if this hits $5 I will be rather comfy, if it doesn't sell at a loss and move onto the next

>>15958605
Why would you give a fuck about credit when you are a spic?

>>15961551
Stay poor

Michael Chen is leaving Fantom and launching new shitcoin!!!!

Telegram group @SigmaNetworkEN
Website
skchainadvisors.com

>>15958508
>Working with central banks
citation needed

>>15958648
>muh centralbanks
fantomfags keep bringing it up wheres the proof?

Help me anons should i swap all of my Nash for a ftm validator? Already balls deep into fantom but i have fomo for a full node

Only if you want to get holding a bag with a distracted team

Nash or fantom team?

Fantom. Team members are exiting by launching side projects

>>15963238
>>15963297
look at the top of his head

Micheal Chen is like I dream of jeannie, he just fold his arms and magic happens

>>15963392
he left fantom

Michael Chen is leaving Fantom for Sigma project

>>15958508
Scam

>>15963234
How much needed for a full node?

>>15964245
3.175m i think

>>15964373
So .1% of supply?

You know it's a shitcoin when they advertise "muh tps".

>>15963425
Proof? Also does that even matter?

FTM female to male or feet to mouth? With Fantom. You rekt

>>15963425
the fud around this coin is absolutely embarrassing

>>15964394
Exposed bitch at

https://imgur.com/H3LyZSw

Muh Origin X Capital. Muh Marteen

>>15964387
Yes

>>15963109
Why do not check what you say before fudding here? Did you notice that this tg channel died 6 months ago? That probably even the sigma network project does not exist?

>>15964738
Nice photoshop

>>15964829
You can check it yourself

>>15964405
You've had more than enough time to accumulate, this is just embarrassing at this point

MuH here. Chenny bye boy

>>15964405
FTM = Fanny To Mouth

fabtom to the moon

Muh boy Chen dummy.

>>15958508
Letsgooo FTM!
They're also joining the livestream session with Howdoo on 24th of October! Wonder what they'll be discussing. Perhaps new partnerships would be interesting