Since the protocol doesn’t allow this to fall under 10 cents. It’s the best time to slurp.
Pic related another 160K slurped
LULZ / Finance & Business
Slurp Thread (GRT)
Since the protocol doesn’t allow this to fall under 10 cents. It’s the best time to slurp.
Pic related another 160K slurped
Will my 10k poorlet stack make it?
100K is the make it stack sorry
Is $1mil even enough to make it anymore?
If you owe nothing, you can make it happen (in the US). You can make it for far less in other parts of the world and probably have a better quality of life
>$40 fee
Why? Do the fees scale based on total amount? That seems high
>the protocol doesn’t allow this to fall under 10 cents
How?
What's it tied to?
300M GRT get sucked into the protocol at those levels. It’s written in the code
So you're making shit up now?
At these levels query fees suck up 300M in GRT. It literally can’t stay below 10 cents for longer then a day
the queries are fake and dont query any useful data. GRT is spamming the system to entice delusional buyers
Why are you incorrectly fudding the absolute bottom.
FUCKS TO YOU!!
You're such a fucking pussy Sir oh my God
please fucking stop
this is bullshit and you know it
GRT needs to dump all the time to bring $$ to protocol. If it stay flat or going up the dapps could just pay for the service with delegation fees.
When it dumps dapps need to provide more and more $$ to operate.
Sorry fuckers but there is only one direction and 10c 1c or 0.1c is not the bottom
Indexers do not care as they are paid in $$. Dapps do not care as they pay in $$.
The only one fcked are the retail delegators.. but who cares about those fckers
> it just took me $40k and 100k stack to realize that
> maybe I will start my own indexer now
Exactly why. The lower GRT falls the more gets sucked into query fees. Below 10C is where 300M get sucked up. It literally can’t stay below 10 cents
Speak English, what do you mean sucked into the protocol?
Query fees are paid in GRT which are bought using a flat USD rate per query ran. This equates to the burn increasing dramatically and the amount of GRT removed from liquidity 10 fold
Why would .1 usd act as a threshold for 300M being burned? And these 300M would be strictly from increased query load and subsequent burn? Where are you gettin this number?
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he is pulling data out his ass.
https://graphtronauts.com/#/network
There were 20M GRT burned till date. Far from a supply shock when inflation is set to 3% per year.
Here is how the query fees grow:
https://graph-billing.chumbawombo.repl.co/
Nice trend starting ~GRTDay.. but it's nothingburger yet. best day was shy above 35k GRT paid
Checked and thanks.. that red curve burn plateauing is sort of fudding me. This should change when hosted service ends?
Most of that burn is from whale delegation. Query fee burn is going to be insignificant and won't offset inflation until indexing rewards are killed off almost completely.
At current prices and query volume, the forecasted burn for query fees is something like 40-50M per year when the hosted service ends.
query fees that arent being paid or collected retard. the queries and associated fees are meaningless if the underlying data is meaningless.
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Oh so this is all made up bullshit from the team?
>selectively chooses one month history that happened to contain Graph Day where hundreds of thousands of GRT was released explicitly forthe circlejerking of GEO with no real valuable data on the platform, let alone the entire GRT ecosystem
>BUT MUH QUERY FEES ON USELESS DATA
>those fees arent paid or collected
this is your mind on GRT
Query fee pricing is denominated in DAI and paid in GRT. GRT price does not affect the cost of queries.
Customers would need to delegate over 4B GRT to pay for query fees at the current price. Seeing as the liquid supply is only 4B after the unlock and most liquid GRT isn't being sold, holy shit you better pray that customers collectively attempt it.
Explain why customers would need to delegate? That’s not my understanding of query payments
They don't need to and likely won't. There's old long-refuted fud that customers will just delegate for free fees killing all buying pressure and sending GRT to zero.
Locked tokens for 2 months and killing all buying pressure makes no sense mate.
You’re also not taking into account burn & inflation rate is voted on by governance. The team already has stated they expect the inflation rate to be lowered when the hosted service ends
I understand all that, hence "long-refuted fud." The inflation rate has already been cut over 20%.
ok mister topbull.. can you write down a scenario when GRT hits >$10 and steady stays on that level making folks with 100k stack neets?
15 billion daily queries = deflationary token.
Delegators start getting query fees which increases yield to 25%.
Mass panic to delegate which means 95% of locked tokens (currently at 40%).
Supply shock + 25% dividend + Fomo
$80 GRT at max fomo
When?
this man is trying to scam you. $80 GRT is 800x from now, or $560 BILLION mcap, larger than total BTC + ETH RIGHT NOW. price might go up, but a query fee "burn" on fees that can't actually be paid that is decided arbitrarily by a handful of people is not going to put you on the moon.
You say this like their isn’t 2 trillion dollar vapor ware companies on the stock market…
name 1
Apple @ $2.6 trillion.
In 10 years $trillion marketcap will be extremely common.
AAPL? of all companies you choose AAPL? the one with proprietary licenses, multiple streams of income via the form of physical good and services, an army of corporate lawyers and analysts running actual ROI/NPV calcs on actual projects influenced by the Fed's risk free rate, government contracts, and 20+ years of doing so? what you have just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this thread is now dumber for having listened to it.
You realize GRT IS A TOP 3 COIN WITH POTENTIAL TO SERVICE THE ENTIRE CRYPTO AND NON CRYPTO INDUSTRIES.
Everyone knows marketcap is a meme anyways
This is great in theory but the product doesn't work. Projects that don't work die the current macro environment. Simple as.
you compared GRT to AAPL lol lmao even
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Doesn’t work yet owns 100% of the market share in the crypto space for its service.
We all know this is the safest bet in crypto. You can feel free to miss the trains like all others who didn’t listen to me
Apple in 10 years will be at $4 trillion.
GRT will be at 560 billion. Not too hard to imagine at its very peak
Project that don't work indeed die. However, nothing is wrong with comparing GRT to AAPL.
I do compare some of my bags/projects against some others from time to time. I recently was comparing Biswap to Equilibrium and it seems both has some similarities in security of assets. The former has certik audit while the later has quantstamp audit.
Not bad omega not bad. Is that true 40% is already being delegated tho? Wtf?
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Pic related @ total staked number
15b won't cut it. today we have 1b on hosted..
Price per query is somewhere at $0.00017-0.000017 on mainnet
Your 15b is another data pulled out of your butt
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At 15B that’s $1billion in revenue a year. And that’s chump change compared to what we expect to do in 10 years
what does that translate to 10k sui in income?
$10/year, give or take
let me play along:
15000000000×365×$0.0001 == $0.5B
for the stacked let's assume that 5B GRT is stacked that gives you $0.1 yearly per GRT stacked. assuming healthy 10% APR.. that should hike the price to $1.. ok not bad
But that operates on assumption that 15b queries are happening on the paid mainnet.. today we see 1b daily on hosted, it's hard for me to believe that it will migrate 1:1 to paid service and then within 6months does x15
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This level of growth will see us crushing the 15B in 10 years
10x in 10years (third of ath)… sounds like a true gem
500m of those queries (in Nov '21 lol) are from me yesterday pinging SNX swaps to see how many positions they have in Confido, dragon chain, and sumo coin.
thanks for playing.
https://twitter.com/graphprotocol/status/1537458173229027329
There real GRT burn
Remember: your bags paid for this.
Topkek
The DJ selection was kinda lame but it was fun tbqh and I liked the retrofuturist art-deco aesthetic. Had some great conversations with professionals from different walks of life over drinks, and free food all night brought straight to the dance floor. It was cool that in a way, most everyone there was on the come-up with their careers despite the bear market.
Celsius threw a wilder party the next night though.
That's definitely not an art deco aesthetic, it's a cringe boomer rave aesthetic. Video related.
forgot to post it top kek https://www.youtube.com/watch?v=CtsU3qr9-Ec
The video visuals took their cues from art deco and there were at least a couple Metropolis-inspired costumes at the party.
HBAR would never
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My average GRT buying price is $1. I might rope guys there's no point in going on anymore.
How many did you buy? My avg buy is like .32. I’m not worried anon. This will get back to $1.5 easily, don’t have a nice day over not timing the exact bottom
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Just around 80k. It's my biggest loser by far. My losses have been cushioned greatly by my diverse portfolio, both in crypto and in other assets, so I'm not worried. But the fact remains that it's by biggest loser and I dumped a shit load of money in near the tippy top like an idiot. Feels bad man.
You could dca now?
I just bought $200 worth with the expectation that I’ll lose it all. Cheers!
It's below $0.10 btw
get used to it
It can’t stay below 10 cents for longer then 24 hours. It’s written in the protocol idiot. Imagine not buying right now
Cope and rope
>It can’t stay below 10 cents for longer then 24 hours. It’s written in the protocol idiot.
You never answered as to where the fuck you pulled this from. Do you mind sharing any kind of source? Or will you disappear from the thread as you always do when someone asks for it?
4 consecutive daily candles closing above 10 cents. Its written code in the protocol. Just keep on missing the consecutive bottom will you
It's not, it's bullshit you made up because you're perfectly aware that if it breaks $0.10 your bags will go to zero and you'll baghold forever.
You still haven't pointed out where it's written in the protocol. Where is the code? In b4 you give vague answers and then disappear from the thread as always.
I wish Omega would just post a line or two of actual code to show where it says it can’t go/stay below .10c
I fully believe in this coin but he’s definitely not helping people buy it right now…
He is making things up.
I guess it’s just pinned at 10 cents because of pure coincidence
its pinned at 10 cents the way ust was pinned to 1 dollar
You're such a fucking Retard Sir holy shit you ruin these threads with your fake ass homosexualry
Just fucking end yourself my dude seriously
>IT'S IN THE CODE BRO
>where?
>I CAN'T TELL YOU
Are you an actual high schooler?
Nice photoshop. No I won't hold your bags for you.
It's simple, don't reply to any namefags, least of all to that brainlet homosexual
Well it looks like you guys need some cheering up so....
$40 EOY is FUD!
Hey guys, insider here. You'll be hearing about this probably early next week, but Celsius/3AC/Terra is not the end of the crypto implosion.
Edge & Node and the Foundation became insolvent today. Just horrendous mismanagement of funds. You can see how amateurish all of these people are from the fucking party pics. While it WAS a good party, not a single fucking person at this place has any clue how to handle money.
Do you have any idea how much time and money was wasted on Geo? And that new web3 club space they bought in SF? It's ridiculous. Nobody on the team would admit it but they were leveraged up on LUNA and gave a lot of their treasury to 3AC to manage it. Just every bad decision one after the other. The Graph Day charade and the party was the last hurrah.
I'll be looking for another job now. Fucking sucks. This coin had so much potential but random spergs and absent minded philosophy majors shouldn't be running a billion dollar protocol.
finally some good fckin FUD. I feel Friday vibes in here
>gave a lot of their treasury to 3AC
nice try, but 3AC aren't even investors in them.
You don't need to invest in a token to manage their treasury. They liked Zhu and thought he was a legend.
If they're insolvent, how are they funding the large scale pseudo offline contra hacking operation to save the failing graphs from the javascript breach?
Checkmate atheists.
Soon the protocol code will be undeniable. 10 cents is the floor no matter how much you try to deny it
i just can't stop slurping this sub-10cent dip grt bros. It's just so addicting.
I honestly think GRT can hit a penny. The macroeconomic picture is so shit right now that not even BTC can be saved, and will hit 4 digits in the coming months. And this OmegaMaker homosexual thinks this is the bottom? we're not even close to a bottom. It's fucking over anons. Sorry but you're not going to get rich off internet coins. The bubble has burst.
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This is evidence that being retarded is a real thing. Imagine not slurping a top 3 coin at ICO prices.
This is chainlink all over again. These idiots never learn pic related
ser u r the best fudder for the grt.
Ok, I unironically agree that buying GRT now is like buying LINK back in June 2018, which was when it was also near ICO levels. However, you have to have diamond hands since if you look it took LINK another 2 years to even start to moon and since crypto is going in longer cycles we can expect GRT to only start to moon 4 years from now.
So, yes, this is a perfect buying opportunity for making it after 2026.
That said, I did load up on another 20K GRT bringing me up to 100K so I'll make it even more after I (re-)make it with LINK.
I purchased some grt because of you. What else you got for me?
SER!!FUCK OFF MOTHERFUCK BITCH
holy shit i didnt know you were this based
I literally bought 160k for $125,000 two days after mainnet launch. I want to kill these scamming cocksuckers
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midwits will never understand the simple truth that GRT cannot be under $0.10, it's free infinite money from here lads
we're below 10 cents right now. i'll see you homosexuals when GRT hits $0.01
It won’t last for more then 24 hours
You're a fag but I don't disagree that this is the slurping operation of the century
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Nice opinion, I'll see you in a few years when I'm on my GRT yacht and you're bagholding geerties you bought at $30 and it "crashes" down to $10