/biz/ - Business & Finance

>>26437190
what is this "UBI" you speak of ?

>>26437542
It is basically a marketing tool surf's devs came up with. Their ecosystem will generate free towel tokens that are just given out for free to certain people

>>26437542
Universal basic income. Surf devs have designed a system that will allow free capital to be fed to their ubi token. It will work similar to the 1inch, Uniswap and badger airdrop. But instead of the airdrop being a 1 time deal, their ubi token will be fed daily rewards forever.

https://discord*gg/gZRbdBD7

Amazing waves
How sweet the sound
That saved a degen like me
Oh, I once was rugged
But now I am comfy
Was rekt but now I'm gonna make it

how much ubi are we talking? and how do they pay for it?

>>26437578
>towel tokens
haha, sounds good, i do like free tokens. Just looking around at what crypto ubi is there's a few places doing this but maybe they're different
https://www.zeropoverty.io/
https://www.coindesk.com/etoro-launches-gooddollar-defi-ubi

Fuck off and go back to your circle jerk discord with your no usecase meaningless ponzi.

Reported this thread, mods go ahead and remove this scam.

>>26437935

Based. Zeropoverty’s reason for their ubi being useful is that “everybody has to start believing it has value”. Etoro is based on giving a share of the reward from yielding. Surf’s ubi is backed by $2m+ liquidity.

>>26437866
Enough to give a care that it exists. More info will be available soon.

>>26438158
>useless meaningless ponzi
Imagine being you and not realizing surf is one of the few coins to bring in outside revenue without relying on the holders to do anything.

Let me BTFO you real quick.
The Surf Dynamic

The Whirlpool - the true passive income machine. stake SURF LP’s in the whirlpool to begin collecting daily payouts from the revenue generated by the surf ecosystem

The Swell - community donated LP’s and NFT’s in exchange for SurfGov tokens that will help feed The Beach

The Beach - A secondary whirlpool that doesn’t require any investment. Focused on growing the community and being the first crypto to provide UBI through the Towel distribution

The Towel - UBI token. Simply hold your free towels for daily payouts. 0 investment required. True UBI.


-Sit back and collect-
The first decentralized hedge fund and
One of the few coins in all of crypto to bring in outside revenue. Surf uses community locked liquidity from the unstakes to generate additional passive income revenue for the surf holders. Allowing the holders of Surf to do nothing but exist.
1. Peps Harpoon - based on stablecoin strategies through other projects which ultimately buys/burns surf
2. Utopia Revenue - 6% of all casino revenue will be allocated to the surf platform for buybacks and burns as well
3. MPH integration

SURF and Leviathan NFT’s
The first NFT’s with a real use case
Surfboard - only 100 exist. feature unique perks that include additional revenue distributed to the owners of them.

Leviathans - Aegis DAO NFT

>>26438309
I know what surf is, im probably one of very few that made a nice profit from its pnd. Its a ponzi fuck off.

>>26438384
>still can’t explain why
Great fud you got there. How big is your stack?

They're giving away free money to prove how good they are at making money for their core investors?

>>26438772
Exactly. The way this project is designed, it will still be here in 10 years and beyond. Holders will be collecting daily rewards forever unironically. It’s only a matter of time before they begin marketing too.

>>26438958
well we don’t know how much a towel will bring in, how much apy does a surfholder get?

>>26440020
I think it’s around 80% at the moment. Heres a good graph showing what has been done with the community liquidity. They hold a good amount of mph too. The apy will go up once other projects begin feeding into the whirlpool. Like the utopia casino revenue and peps stable coin harpoon.

>>26440104
well thats kinda cool. i remember seeing that this token is supposed to hit $10, what happens if people just dump all their surf?

>>26440317
It’ll hit $10 at some point. The dumpers are out and surf bottomed the other day. If everyone but you and the devs unstaked and dumped, you and the devs would have access to 100’s of eth that the unstakers paid in the unstake fee. And then you’d be receiving payouts from all of their tools including the casino revenue and peps stuff.

How is this anything other than dead? Price dropped into the bowels of hell, no trading volume. What does the whirlpool do?

>>26441645
There’s $3m in liquidity. Furthest thing from dead. Nobody is shilling it right now because they’re accumulating until feb 1. Shortly after their ubi token will release allowing you to make eth without doing anything. There’s been daily payouts since November. I have collected 280 surf a day which is about $70/day. The whirlpool gets fed by their projects and pays out the stakers. It’s an advanced yield farm.

>>26437190
>Same surf schizo makes the same thread everyday
>Still can't figure out why surf won't move

Listen II, while I appreciate your shilling and dedication, you need to stop and take your meds. Surf is doomed simply because of how it functions. It rewards everyone with surf. It's not a problem with surf specifically but it's the reason why all these projects fail. You need to reward users in another token that isn't your own. It puts ungodly amounts of sell pressure on liquidity providers who then pull.

Proof doing an airdrop will be the death blow with every pajeets dropping dumping on whirlpool stakers. Unless it's another token or something. Same thing with him mentioning doing another stimulus buy back. Why in the world, after the failure of the event, would you do it again?

>>26442349
>rewards users in surf
So what is your counter to the fact that the other projects create buy pressure by market buying surf with the rewards it gets.

>airdrop will be the death blow
You must not understand the specifics. Go ahead and larp about knowing it all though.

>failure of event
The event was to market buy surf. In which the event market bought surf.

>fudding free money
Okay anon whatever makes you feel better about yourself

Damn what a boogie comment. Whirlpool stakers will be rewarded in other tokens sooner than you think. And your assumptions about the airdrop are completely wrong. Come say hi in the Discord if you'd like us to take you on a deep dive of the ecosystem!

>>26442583
I find it funny when someone talks about things like they know it all but at the same they couldn’t be anymore clueless. Boogie confirmed.

>>26442583
Wait til they find out what people will be paid in. This is the biggest sleeper in defi. We’re gmi, Godspeed anon.

>>26442547
Have the harpoon drop whatever tokens for eth or wbtc not your own token. It's dumb as fuck because what does it do? Puts more sell pressure on surf because it sends it to the whirlpool. More than enough people have already told you about IL. Surf is only up in USD. Should ETH correct you are absolutely fucked.

I dont know the specifics but go ahead tell me why it won't end with pajeets dumping on you?

The event was a failure. There are no two ways around it. It basically killed surf. Aegis pulled out of the whirlpool because sell pressure was too great and IL murdered them.

>>26442746
Oh just to correct, even pep has stated that the sell pressure from divs form the whirlpool and ETH's price rising.

What are you going into an alt coin anyway? To get more eth. Offering another blue chip token is 10000x times more attractive than some random shitcoin.

>>26442746
Every day there’s more and more surf being burned. Eth’s run did damage on a lot of small cap coins so you can rule that argument out. If you don’t know the specifics of the airdrop then why comment like you do?

The event wasn’t a failure but short sighted individuals like you will assume it was so we can go ahead and forget about arguing about this one. Aegis pulled out becuase some of the top holders in it were crying. Why would aegis pull out but the main guy in aegis stay in surf to continue building it? Really makes you think

>>26442746
The event did exactly what it set out to do: fill the whirlpool rewards for the first 100 day payouts. And it did so perfectly. You're implying the goal of it was to prop the price up, which isn't it at all.

>>26442799
>Offering another blue chip token is 10000x times more attractive than some random shitcoin.
Exactly. Surf is a blue chip. If you can’t see that then idk what else to tell you. Name another token that’s a decentralized hedge fund that also will be offering a ubi token that actually works?

>>26442746
You know what. You're right. We now see the error of our ways and have decided to pack it up. Eternal passive income sounds boring anyways. Now we just need to figure out who gets the hundreds of thousands of dollars leftover for the final unstaker. All of these iron hands are probably gonna rush to dump when I share your enlightened comment with them.

>>26442857
>ETH's run did damage to small caps
But you're paired with eth. So you move with it. So no, the design of the whirlpool is what hurt it.People cash out and dump their surf for eth.

They'll do the same thing with airdop unless it's another token. It 100% always happens.

The goal of event was to be a send of to farming. You called every single bot on uniswap. By offering surf as divs surf it still outs sell pressure on liquidity providers. That's my whole point. The whole thing is doomed to fail, because there are more people selling than compounding. Offering a blue chip tokens would greatly reduce these issues. Again it's not specific to surf.

>>26442945
>>26443026
Ok I can see I've stepped into the actual schizo area. Surf is not a blue chip token. It does not do anything but get more of itself (i.e. shit coin). It's not even a governance token [yet]. You can look at the chart. Your wooden nickels are propped up by ETH's price, not anything else.

>>26443170
It’s obvious that you were in surf at some point and then got impatient and ultimately left. Now you will do your best to make sure it doesn’t succeed (which it will) in order to keep your ego boosted. It would kill you to see surf achieve what it was designed to do and actually be a success. So now you fud when you can to make yourself feel better. But we’re the schitzos. Seethe harder anon. Youre so shortsighted it’s not even worth arguing with you.

>they’ll do the same with the airdrop
>the airdrop is the death blow
>I don’t know the specifics so what is the airdrop
This is classic. Thanks anon. See you on the other side.

>>26443357
>Get btfo'd
>Uh you must have been in surf and pulled out early, you short sighted hater. It's a long term hold, 10$ Feb 1st, I WILL NOT TAKE MY MEDS

What you can't follow projects to see if they ever recover? It's just slow death.

Every airdrop causes a drop in the token price. If you have been in crypto for a short time you'd know this. Liquidity providers for surf are already deeply underwater. You're going to put more sell pressure. As far as I know there aren't any specifics. I spent about 10 minutes digging through discord and found proof talking about if I go start another project I'll send divs back to the whirlpool. If you believe that I have bridge to sell you. Lmao

>>26443681
You’re clearly clueless on how it all works. Point in case: you’re talking about the airdrop like you know exactly what it is. I feel genuinely sorry for people like you. Go ahead and keep thinking what you want. We don’t need you to be successful.

>>26443740
Yeah then tell me how the airdrop works, except you can't. Because specifics other than hold some surf or one of the NFTs haven't been shared.

Go ahead lay out to me why surf isn't a shit coin. What does it do but provide more of itself? You pay for all your task with Atlantis in surf, you pay for divs in surf. Plenty of other tokens do more (or at least governance).

>>26443906
>The Surf Dynamic
>The Whirlpool - the true passive income machine. stake SURF LP’s in the whirlpool to begin collecting daily payouts from the revenue generated by the surf ecosystem
>The Swell - community donated LP’s and NFT’s in exchange for SurfGov tokens that will help feed The Beach
>The Beach - A secondary whirlpool that doesn’t require any investment. Focused on growing the community and being the first crypto to provide UBI through the Towel distribution
>The Towel - UBI token. Simply hold your free towels for daily payouts. 0 investment required. True UBI.
>-Sit back and collect-
>The first decentralized hedge fund and
>One of the few coins in all of crypto to bring in outside revenue. Surf uses community locked liquidity from the unstakes to generate additional passive income revenue for the surf holders. Allowing the holders of Surf to do nothing but exist.
>1. Peps Harpoon - based on stablecoin strategies through other projects which ultimately buys/burns surf
>2. Utopia Revenue - 6% of all casino revenue will be allocated to the surf platform for buybacks and burns as well
>3. MPH integration
>SURF and Leviathan NFT’s
>The first NFT’s with a real use case
>Surfboard - only 100 exist. feature unique perks that include additional revenue distributed to the owners of them.
>Leviathans - Aegis DAO NFT

>>26443987
That's exactly my point. You're paying everyone in surf. That's all I needed to know.

Pay them in eth, maybe they're likely to compound. Just having an option for eth makes your token more attractive. If you can't understand maybe speak with pep

>>26444198
>paying everyone in surf
Here you go again with that same incorrect argument. Keep thinking that is the case. I assume this is the part that makes you feel better about yourself. Little do you know. Hope you do well anon.

>>26444269
How is wrong though? Really explain to me why I would compound more.

Plenty of, you know, not dead tokens actually offer eth or some other token. YFL is a prime example.

>>26444322
Refer to
26442583

what if we just TAKE people's money

and then we SPIN it around!

>>26444556
I guess I should also state those same tokens only require that you have exposure to a single asset.

It's actually sad you can't respond to it in a meaningful manner. Giving divs in your same token will eventually lead to death. Take a look at all the other dead yield farms. That's what awaits you.

>>26444627
I’d say do some more research and maybe you’ll realize surf is one of the only tokens that brings in outside revenue. But you won’t do your own research that’s not the /biz/ way. Good on you anon

>>26444695
You’re going in circles at this point. We’ve told you 4 times surf isn’t always going to pay in surf but here you are bent on the fact that you think surf is always going to pay in surf. Some people just can’t be helped. Oh well.

>>26444723
I know enough about it to remember all the people who got conned by this "just trust me bro" discord ponzi back when it was being heavily shilled on here and lost 90% of their buy-in. Glad to say I wasn't among the people who actually bought into it. So seriously stop trying to take advantage of naive moonbois on /biz/ and get a fucking life.

>>26444776
Thanks for letting me know you don’t know anything about what’s going on. Good job anon.

>>26444753
The surf dapps pay in surf.

What part of it will drain liquidity providers are you not getting. If I call a task on Atlantis, I am paid in surf. I already spent eth to make this call. So I am now more likely to dump. The NFTs pay in surf. I spent eth to get these and I
can dump every day or whenever gas drops. The whirlpool pays in surf. If I'd like to compound I'm more likely to dump surf than to buy more eth. The stacker gives you a free 15%. What will I do with this? Dump it.

You have a dapp which doesn't have to pay in surf. What part of that are you not getting? The only reason surf, hasn't collapsed is due to the 20% fee. You guys are going to end up like jaiozi, kimchi, or one of the thousand other yield farms that couldn't turn it around. If you can't understand why it's 10000x better to pay in another token then I can't help you.

>>26445344
>the surf dapp pays in surf
And you think it’s the only dapp that will ever be made? You think surf is done building? You think surf won’t pay in other tokens? Then I can’t help you. At this point you’re trolling Kek. Thanks for the entertainment.

>>26445483
Reflect on the fact that you have now been convinced it needs to pay in other tokens. It took an hour but I'm glad you came around.

And before you say I'm trolling read back your previous post.
>>26444269

Now run back to the discord and tell proof you've had this great idea. I'm sure he'll reward you with some wooden nickels.

>>26445694
I can guarantee you are not as smart as you think. Duning Kruger is in full effect with you. Run along now and stop being so sour and worrying about what others are doing when you haven’t a clue.

>>26445819
>Get btfo twice in one thread
>Yeah you're not as smart as you think you are ;_;

Sorry I can run two brain cells together. That's more than can be said about the entirety of surf. Top kek

>>26445951
Kek okay bud keep thinking youre onto something. The way you’re acting I can tell 1. You haven’t made it yet
2. You don’t have sex often
>arguing on a basket weaving forum about something youre supposedly not interested or invested in
Topkek

>>26446063
>Pay attention to flip shitcoins
>Blow you the fuck out twice in one thread
>Wow have sex incel. You can't call my shit coin a shit coin >:(
>LONG TERM DECENTRALIZED HEDGE FUND HOLD

The only project more mismanaged than surf was vamp. I'd argue vamp was a 100x times worse.

I don't spend all day circle jerking on discord. I'm actually making money unlike surf. Lmao

>>26446675
I’d act the same way as you are if I too had no clue. I’ll agree with you on that. Surf will be holding a summit in Hawaii in the next year or so. I hope you make it out that way I can curbstomp the beta faggot that you are. Take care for now anon.

>>26437190
I put in a bunch in the first week and got a pretty good stack of LP, watched the price stack, and forgot about it for awhile. You nerds are arguing over bean counting theory. If price goes up, which if you look at a basic supply/demand curve, it most likely will because it's a deflationary token, then the dividends from whirlpool will make up for any losses accrued.
SURF is comfy for a long term hold. I like this passive income thing, it's a great way to park your money for long periods if you're sick of chasing pnds. the YFI craze burned me out, I just want to hold now, and SURF is a good bet far as I can tell.

can someone explain to me what liquidity is for, because that looks like something surf is good at

>>26446965
Based

>>26447072
Liquidity is for farming rewards. Surf ranks top 100 on uni as well.

>marketcap $2.3m
yeh, no, my fathers dentistry practice is worth more than that

got like 10k surf to claim, not even worth it with gas fee + selling on uniswap, fuck this shit token.

>>26444269
>Here you go again with that same incorrect argument.
I follow the project closely and hold surf but I haven't find anywhere information about surf not paying in surf. Can you point out where can I know about this?

>>26443170
>They'll do the same thing with airdop unless it's another token

It's going to be another token as far as I know. Called the towel.