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/biz/ - Business & Finance


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28375718 No.28375718 [Reply] [Original]

Here /biz/ an actual fucking gem and rarely shilled on here, if you're lucky, you've seen it in passing comments

>website: https://unfederalreserve.com/
>whitepaper: https://unfederalreserve.com/docs/Residual_Token_Whitepaper_091520_CONFIDE.pdf

>what is it?
Its a decentralised lending app for FIAT that can use provided collateral or a riskier approach

>why is it good?
It cuts out the middleman (many staff involved with the lending process) and allows the lender to provide FIAT at discounted rates to people across the globe at competitive rates that are adjusted.

In the future it will use oracle pricing (hint hint LINK) giving it a competitive edge: FUCK no LINKERS

>why invest?
Hasn't even pumped yet and is under the radar. Price target at least a dollar so an actual shot at 100x (close enough)

>the team?
Howard Kriegar and Ryan Medlin
Howard is a former big 4 senior manager (lots of connections) and Ryan is some dude from Silicon Valley albeit a bit cooked. I havn't looked a whole heap but Howard can definitely get big institutions to invest and he has Chink connections (China money: DEFI hotspot this season)

Happy reading

Don't expect 2x or 10x in a week. This is an actual project you should be holding until eoy at least.

Contract: 0x5218e472cfcfe0b64a064f055b43b4cdc9efd3a6 (double check on coingecko/CMC) or copy pasta from there. Less than 2c

>> No.28375791

I rarely make threads but I want this to have attention. Its a great project and a first mover, Worth a look

>> No.28376564

I have been holding this for a few months. It is slowly starting to do something. Definitely a 6-month to a year long hold if you look at the roadmap. There are a lot of other projects out there you will see big gains from in the mean time, however it is not a bad idea to grab a bag as it is relatively cheap and I suspect will yield good results at some point. Toss 1k at it, have 100k eoy.

>> No.28376641
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28376641

>>28375718
their telegram is pretty comfy, their development team could definitely be bigger but they seem to be on target for their roadmap and client onboarding ps q1 is 1-2 client lenders q4 5-10

>> No.28377183
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28377183

>>28375718
Comfy hold. Bought a couple eth worth back in november. There was quite few howard memes on /biz at that time actually

Had a dip but the charts are starting to look really bullish again. I think this could perform really good.

Founders have exerience from traditional finance and are following the roadmap as planned

>> No.28377655
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28377655

their gimmick is tokenizing banking utilities, they want to have a suite of tools for banks that replace the subscription fee/service fee with their tokenomics reducing overhead and cost while potentially returning some of the cost of use to the system stake holders. Ontop of their general cyberdad feel howie is connected to the banking industry in a decent way youtube.com/watch?v=3wtkMEdK62I

youtu.be/y8S2zq7Kp4Y

>> No.28378068
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28378068

>>28377655
big issue comes from the actual onboarding. if they force the lenders to the open market vs otc from their bags.

honestly seems like a decent bet which can grow quite a bit once they catch real clients. their initial white paper had the token priced at 2.95~ for about 50 lenders and 1 for 10-15 doesnt seem too crazy atm

>> No.28378303

>>28378068
>token price based on pure utility without speculative holders and other related market forces

>> No.28378674

>>28378068
they have started marketing recently, had a chinese ama on wechat, being featured on shitshow podcasts, and weak ass twitter give aways. they are starting to get some following

The last good part of ersdl is their staking rewards. they are minting to their total supply to 475m they are currently at 380m should be done by about june/may currently yields about 200% apy

>> No.28378766
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28378766

>>28378674
https://app.unfederalreserve.com/farms

>> No.28379038

>>28378303
i dunno how you would want them to spitball the price with those in mind

>> No.28379283

>>28379038
$20 EOY2022.

>> No.28379541

>>28379283
4 keys to disney bullshit safety courtesy efficiency and show you should whip out the bigdick numbers later on in the date

>> No.28379813
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28379813

bumping to catch the non burger boys in on a good gem

>> No.28380024
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28380024

im in
if the AAVE rumors are true ez 100x

>> No.28380100

>>28379283
your iD is giving me Howie vibes

>> No.28380143
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28380143

aave rumors? nigga wut?

>> No.28380202

I made an alternate thread with pretty girl because it looked like this was getting slid hard. Thanks for the bumps /biz/

>> No.28380448
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28380448

>>28380024
I'm unaware of these AAVE rumours but sounds unequivocally based. Anyone care to explain (will eRSDL lend crypto or have it as collateral?)

>> No.28380605

I mean, id imagine you have quite a few neckbeards on aave with as much swingable income as a small credit union wouldnt be crazy to see them pick up ersdl as an option for stable coin returns

>> No.28380795

jesus, werent you guys here when this was shilled here constantly? only reason this ever took off a bit was because of some pnd on telegram ffs

>> No.28380796

>>28380605
$1 has been upgraded to $10

>> No.28381120
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28381120

>>28380795
i was, it jumped to 3c was pretty crazy, eth was also 500 at the time. been farming for a while its also getting to the middle of q1 so its time to get hyped again

>> No.28381430
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28381430

>> No.28381521
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28381521

>>28380795
was that the nazi memes?

>> No.28381586

>>28380795
I was preoccupied with Trump election and wasn't on Biz at the time. Heard something about Howard running it from his mother's basement
kek

>> No.28382067

Massive potential

>> No.28382988

I bought in back in December, there was a very nuanced post by an anon who had long since made it and was passing it on as his gift to us. I only have 15k but I'll take some profit from Asko, all being well, and get a make it stack in this.

DYOR of course.

>> No.28383736

>>28382988
If even you make 100k from this bullrun, you have more funds for the next alt season

>> No.28384627

DO NOT SHILL THIS GEM THEY DON'T DESERVE IT

>> No.28385734

>>28375718
biz can't tell a gem from a pnd scam, let them rot and buy our bags next year