/biz/ - Business & Finance

>>29979365
this essentially has the same problem as prq, the money from the license fee will likely come from fiat (in order to ease integration) but will be used to buyback the tokens.
Since b2b lending platforms are actually quite expensive on the banking space, the buyback strength will be considerable, taking into account the 10 expected lenders by eoy, should appreciate the token and all its holders alike, paying for further operations and marketing.

>>29979549
But why even have the token, why not just have a legal contract representing a licence and accept fiat for it...why introduce the extra variable of a token?

>>29979731
Its a way to source capital into funding the company. Howard once said they went with this approach to not deal with Venture Capitals and the like.

The whitepaper has a couple mentions of the use of eRSDL also as a governance token in the future, similar to other defi lending platforms.

"The eRSDL token described herein is required to be held by participating Lenders in
order to activate the protocols. Much like Certificates of Public Need (“CPNs”), or for
example, taxi- cab medallions, only a finite number of these tokens will be produced.
The eRSDL token allows for certain voting rights, use of open source protocols, and
myriad other rights and privileges."

>>29979731

>>29980291
So it would make more sense to view eRSDL as a security, then -- like buying shares. It isn't a utility token because the network they're building doesn't actually require it. They might not admit as much because the SEC would be all over them yet it seems like that exactly what eRSDL is...

Just full send Howiecoin to $1 already so the real fomo of /biz can start

>>29980553
I sort of agree, but they have been avoiding all the clauses of the Howey Test so far, the way you could shape this is buying shares of a decentralized platform

>>29980824
Such a solid use case as a business platform, it's hard not to want to be invested in their success -- I just find it tough to throw more money into it when the tokenomics are so sketchy.

>>29981438
that is usually the case with services in crypto (GRT, PRQ, AAVE), most of the world is already too used with fiat, so bridging fiat and crypto is still a work in progress.
To be honest, im much more worried if Howard is going to get any considerable traditional lenders to the space, the opportunities that can come from this are huge.

>>29982090
Check out 50:46-52:18
https://www.youtube.com/watch?v=ufymOCM5o78
All UFR needs is 10 SME's to get onboard and then the platform could go exponential. I just hope they manage to make the tokenomics integrate successfully with the platform itself.

>>29982326
I am always impressed with the clarity in which he speaks about the subject, your concerns, just like mine, are things for which I hope him and his lawyers are already looking upon.

>>29982663
How big is your bag? I'm sitting on 50k but I'm on the fence about doubling it or not.

>>29982809
I have around 1 million, I found out about this project around its creation

>>29980824
>Howey Test
How does it avoid any of the clauses though? They all seem to be applicable in this case.

>>29983143
FFS lol I'm ngmi.

>>29983222
That's kinda what I was wondering...in all the interviews the CEO and CTO both explicitly make comments about how eRSDL is a utility token almost as if they know the SEC is watching them. But it seems to me that eRSDL is basically *only* a security, it actually has no utility at all.

Realistic price predictions? Where will the price be by eoy?

>>29983627
other projects such as quant use the token for license purchase and lock-ins, too. something about it being safer and unhackable? idk. but it's a legit utility and not a problem. quant in particular deals with the entities such as ecb, the boston fed, or sdx. it's fine/

>>29979365
YES

>>29983789
Around $2

>>29982809
Same fren!

I think we will do very nicely but not make it level, at least not for a few years.

It's not my biggest bag either but I do love the project.

>>29984333
Checked! Let's go to $2 and beyond.

Hoping to see them address some of these concerns over the next couple of months. If they can do that and build interest in the platform then this is the best low-cap investment out there. Easy 10x if it all plays out imo

>>29984333
Will we ever see ten dollarinos?

>>29984372
Ya I don't rely on my eRSDL stack to make it because its only 10% of my portfolio. It's just tough to know if I shouldn't increase it further at these low prices. UFR has literally zero competition in this space for its specific use case...yet there are real risks too; the tokenomics could very well fail, the SEC could shut 'er down, etc.

>>29984566
Checked again. $10 here we come.
Let's go to $20.

>>29984478
80 cents? I'm hoping for that by the end of summer

>>29984574
Check out Smartlands for another gem.

>>29984644
That'll be by the end of March.

>>29984714
>Smartlands
Thanks for the tip, fren, I'll check it out.

>>29984808
more like 1.20 by EOM

CTO just posted this elevator pitch on TG:

We are a banking product software company. We have designed a credit for cash spot market using blockchain technology. Our network of over 200 non bank mortgage originators have need for our liquidity platform. Expect to see 40 billion flowing through pipes by EoY. Partnerships with tech providers and pilot banks already in place.

>>29986655
Bullish

>>29986655
wasn't their original estimate in the whitepaper only 10 billion?

SHIT! SHIT! SHIT!
>SCAMMERS WITH SHITCOINS ON BIZ
>TURN ALLERTS ON, PAJEETS GO HOME
>I AM HERE JUST TO ROFL ON YOU
>HOLD JULD AND DRINK ABSENT
>MY WAY TO HAVE $$$

>>29988603
Ya, not sure. The white paper isn't very impressive, desu. Listening to the CEO and CTO interviews is what makes me bullish more than anything -- on the platform and business model, at least. Tokenomics are the major problem with this eRSDL, but I think its still worth getting some skin in the game on this one because they've found a market niche that no other crypto platform is attempting to gain market dominance of.

>>29988777
My bags are packed... I might have to swap more LINK for Ersdl...

>>29983143
Nice! 100k here.