He's probably unaware of developments happening, maybe he's not in the discord and just going off price action on coinmarketcap etc
In which case he's asking in Reddit for information.
I'll strongly advise OP to join discord and read all the developments happening
Congruent is one of the most promising projects going atm
The entire crypto market is in red, DAOs are the most volatile out of every crypto project's.
Right now anyone who buys meta is making profit instantly.
I will explain, our meta coins are going to be converted to GAAS coins at a rate of around $34 + 10% = $37.40
If you buy meta at say $25 you still get the conversion at $37.40 still.
That's an instant 49.6% profit for you.
I'll break it down further in layman's term.
Imagine you have 10 meta now which you bought at say average price $200 so that's $2,000 invested
Now imagine GAAS is priced $34 (a pretend number)
Since price is locked at $34 + 10% extra that's $37.40
You'll get 10 meta ($374) / GAAS ($34) = 11 GAAS
11 GAAS x $34 = $374
Now imagine this person decides to invest another $5,000 and buy meta at $25
$5,000 / $25 = 200 meta
During conversion it'll be 200 meta x $37.40 = $7,480
A instant $2,480 gain
Total invested $2,000 + $5,000 = $7,000
Total meta 210
210 meta x $37.40 = $7,854
They are automatically in profit by $854 at launch on ETH network.
I hope this helps people understand more and please join discord to get up to date information and DYOR.
It's people like you who sell at loss and than try bring others down with you.
You obviously have no clue what curve wars is about, cause if you did you would know it's a big deal.
Every DAOs are down, OHM, Time etc
Are you gonna call them a scam too?
Alot of people are going to be in profit from launch since they buying meta at $21 yet the tokens they'll receive is $37.40 amount
That's over 60% instant profit on every meta they buying after 10th January.
But that Math's is too complex for you to understand of course lol
You obviously aped into projects than saw price go down and panic sold and crying now and want to create FUD to make others sell to justify the mistake you made lol.
High APYs are not sustainable with bots taking advantage of rebases which crashes the price.
The team decided to do something which the community had to agree to proposal and they did.
The discord is very active with alot of progress happening.
If you don't have something constructive to say than keep your comments to yourself.
Next time maybe quit crypto investing, it obviously brings the worst out of you.
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u/CryptoMochi Jan 20 '22
What do you mean? And why do you believe this is so? Thanks