XET
Xfinite Entertainment Token
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[PRESALE] $XET | Farm ETH passively! 8% Rewards | Pinksale | Auto Liquidity | 30% Token Burn | No Dev Wallet
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XET or New Economy Movement coin as it was called. Prehack i had about 2.5mil which i got for $35 worth of BTC. At its ATH it wouldve netted me 200+ BTC. I had high hopes for it but seems its dead now.
Why the F do Bloomberg tickers all have an "X" in front of the symbol? * Bitcoin = XBT * Ethereum = XET * Litecoin = XLC Some of them don't even make any fucking sense
I'd check out the foundations ecosystem page. Notable ones are: Planetwatch - air monitoring devices that pay you crypto for using the air monitor around your home. Lofty.ai - tokenizing real estate so you can invest in rental properties incrementally. I've heard good things about them. Algofi - staking, farming, liquidity pools, lending, etc. Tinyman - a pretty awesome Dex Smilecoin - turtle racing, gaming payment rails and a very interesting streak system for any website to implement in 10 lines of code. XET - mazaala is the app in India. They have a deal where people who normally can't watch movies or shows watch an advert and get paid coins to watch content they want. They've inked a deal with Mercedes busses so when you travel you can use your acct and stream what you want. Opulous/Napster- music NFTs where the fans directly support the artists they think will make it - for a portion of profits of each song. Algoxnft, randgalleries - NFT art like Algoanna There's hundreds more already but I'd check out the roadmap
> What they want is to get rid of stablecoins. They want that when you take profits, that you create a taxable event. Um, currently in the US, every time you swap one crypto for another its a taxable event. Stable coins actually cost the tax man money as they have no chance for apperciation. So swapping XBT for XET would be taxable. Going from XBT to any stable would be a taxable event. Going from a stable coin to another coin is taxable but generates no tax as there is no capital gains. Fiat has nothing todo with any of this.
this post reminded me of XET....still waiting for it to do somethin...........
Take your ALGO swap for Yieldly and start earning between ~ 20% and 70% APY depending on which pool you stake in and there's even a possibility to double stake right now which gives x2 this APY. Won't be possible forevever but still the XET pool will allow you to double dip for ~120 days still
I trade more than just Algo and the Defi space in Algo. I trade stocks and Forex as well. I use technical analysis to determine if something is undervalued compared to Algo. So, for example, when XET got pummeled it was down like 60%, I bought some because the price was pushed too hard to the downside. I cashed out yesterday for a decent profit, about 180 Algos. I do plays like that, but I reach the charts and do technical analysis on them. I am wrong sometimes, like on Choice coin I am still holding as I got in too early and it crashed harder. But I hope it rebounds back so I can close that for a few hundred Algo's profit. Patience is required sometimes as well.
I'm staking YLDY, ARCC, ALGO, CHOICE, and XET. Turned 10,000 into 29,000 since April. Not the best possible return but still a lot better than the stock market!
Seriously- Algorand. The DeFi ecosystem is exploding right now! Yieldly is only like 6 months old, tinyman DEX launched like 3 months ago, Algomint and Algofi just launched something like 2 weeks ago, and wagmi DEX launched a few days ago. The DeFi space is getting fleshed out and you're now able to actually do something with your Algo! There's LP token staking pools coming to Yieldly (Algofi already has STBL/USDC LP token pool up), many projects such as OPUL, ARCC, CHOICE, XET, and pretty soon AKITA have staking pools on Yieldly. This year was excellent for adoption of Algo and next year I can see it rocketing.
Every time I look at Twitter CDC is advertising! In other news...XET Xfinite Entertainment can't tell the time!
Ecosystem is pretty weak. Im not counting all the meme coins as a plus. Opul has potential but also potential to not do anything. Same for XET. Same for smile. Gems is bad. TVL is low across both dapps. Probably because there's no apy's on tinyman. And it's hard when your base currency is a penny on yieldly. But yeildly is getting liquidity pools finally i saw. So if they incentivize those right it should help. Watch out for the Imperment Loss though. It's better than it was in sept. But compared to other chains in top 50 it's not much to look at. It's a good place for beginners to learn defi with the low fees and no bridging/wrapping and cheap algo. It's not doing anything revolutionary as some on here think.
That's why you DYOR ! Legit ASA exist : Yieldly, Opulus, Smile, lofty.ai, XET and so on. If you invest your money in a token created yesterday, advertised by a reddit user with zero post history...
My understanding Yieldly platform helps these newer projects obtain significantly more liquidity and attention early on than they would on their on. Each project directs a set number of their tokens to a Yieldly staking pool which are slowly released every 30 minutes for 30, 60, 90 day, etc until the pool. People staking their Yieldly tokens into whatever pool are just earning their share of the set number of token proportional to their stake in the pool. The best part is, and the main reason the APYs are so high is that you have to choose which pool to stake your Yieldly (YLDY) in and there are only so many YLDY to go around. Also, these tokens are so new to trading that the prices are very volatile, thus sometimes wildly changing the APYs shown on the Yieldly platform. No matter, this doesnt directly affect the amount of tokens you would recieve from staking. Right now I believe you can stake into 5 different pools: YLDY-->YLDY/ALGO YLDY-->OPUL YLDY-->SMILE YLDY-->ARCC YLDY-->GEMS. YlDY-->XET coming soon. Having all of these different pools spreads out everyone's YLDY and since these are set numbers of tokens being released, it in turn increases the APY, which. Using the platform is a great way to gain low risk exposure to new projects regardless of the YLDY token price movement or lack thereof.
Bloomberg showing*: BBG (Bloomberg Galaxy Crypto Index) XBT (Bitcoin) XET (Ether) XLC (???) Wtf is XLC supposed to be? I thought it was Litecoin's old ticker but it doesn't seem to be the case.