Remember when Bertha was "the friendly whale that would never dump on you"? Some basics you forgot to mention: -SVNN distribution was rigged and BT and you hold more than 50% of voting power (in multiple addresses) so no one else's vote even matters -$ELEPHANT price must go up to pay Futures liabilities -$ELEPHANT being taken from treasury to be sold makes price go down -Turbines are only ever going to pay 1% APR to buying $ELEPHANT and, aside from manipulation, only grow larger by Futures deposits, which increases Bertha's liabilities -if the $TRUNK Turbine were to grow to 1B it will only be buying 27k of $ELEPHANT a day -Liabilities are growing with new large Futures accounts and Bertha is being raided, this leads to death spiral You can't really be this dumb? Are you then complicit in the grift?
You think you are aware of all the intricacies, but unfortunately you are mistaken. The turbine is not intended to pay off the liabilities. The turbine supports Elephant with a steady flow of buying. When Trunk and BTC price appreciate the funds put in have a multiplier effect. And the participants must contribute recurring deposits in order to benefit from the 182.5% APR. These measures are constructed to make a growing community sustainable. Your point on the SVNN token is bs. They were purchased off of the market, not distributed by a deployer. So that those that had conviction and are the most focused on the project had a fair shot at having a say.
@@nathanielrichards6665 wow are you really this dumb. Ask Shankar what his % of SVNN is across all his addresses (or better yet go add them all up for yourself on chain). BT created a stealth launch with 100% of SVNN being placed in an LP on Meteora with his "sacrificed" 100k of TRUNK. He alone set the open price of the pool, which he set artificially low. BT was the first buyer and therefore got the best price. Shankar dropped 30k (see his own flex video doxing the address) and also bought early. They held 57% of supply at that point. So all you need to do is follow the money from those two addresses to see they still control majority of SVNN, and therefore can push any vote through the "community" governance protocol. BT also has and will continue to claim fees from this "burned" LP in perpetuity. He has already claimed more than he "sacrificed" lol As to your other point, if the TRUNK Turbine was to grow to 1B in TVL it will still only pay out 1% to buy ELEPHANT. If you raid the ELEPHANT treasury to pump the Turbine it is a net loss to Bertha's ability to pay liabilities. And I am not even factoring in the 537K Futures account BT created for his "foundation" (from recycling raided treasury funds) that is being compounded quicker than any other futures account in existence. Wake up. Shankar is either ignorantvor complicit at this point. He is feeding you the insiders narrative.
The dumb ones are the ones not making money!! You can criticise all you want but Futures has and still is paying 0.5% p/day since inception 14 months ago. That in itself speaks volumes.
@@nathanielrichards6665 who said any thing about Turbines paying liabilities? The SVNN token was 100% distributed via the initial LP. 1B SVNN and 100K TRUNK were paired and locked. BT set initial price very low, and was first buyer. Shankar was very large early buyer (see his 30k to 1M flex video). They combined bought more than 57% of supply at super low price. They both distributed it to multiple addresses, but still hold majority of supply. These are just facts. Long as they remain true no one else's vote matters.
@@Dan_Oz You do not get 0.5% interest a day. 0.5 is an internal accounting number the contract uses. Do the math. Rule of 72 dictates that at 182.5% you would be doubling your money every .39 yrs. That is NOT happening in Futures. Stop drinking the koolaide. Use the Futures calculator, actually look at the numbers.
Thanks for the lucid video, Shankar!
My pleasure!
Great stuff, Shankar! Love the way you explain things, re: EM. Keep ‘em coming. EM FTW!
Will do. Thank you!
to the moon! real financial freedom 🙌🏼
FREEDOM!!
Can this token hit $1000 by September?
That is highly unlikely:) But maybe $3.
Censorship alive and well here too I see. Truth will not be hidden in the dark because it lives in the light.
Remember when Bertha was "the friendly whale that would never dump on you"?
Some basics you forgot to mention:
-SVNN distribution was rigged and BT and you hold more than 50% of voting power (in multiple addresses) so no one else's vote even matters
-$ELEPHANT price must go up
to pay Futures liabilities
-$ELEPHANT being taken from treasury to be sold makes price go down
-Turbines are only ever going to pay 1% APR to buying $ELEPHANT and, aside from manipulation, only grow larger by Futures deposits, which increases Bertha's liabilities
-if the $TRUNK Turbine were to grow to 1B it will only be buying 27k of $ELEPHANT a day
-Liabilities are growing with new large Futures accounts and Bertha is being raided, this leads to death spiral
You can't really be this dumb? Are you then complicit in the grift?
You think you are aware of all the intricacies, but unfortunately you are mistaken. The turbine is not intended to pay off the liabilities. The turbine supports Elephant with a steady flow of buying. When Trunk and BTC price appreciate the funds put in have a multiplier effect. And the participants must contribute recurring deposits in order to benefit from the 182.5% APR. These measures are constructed to make a growing community sustainable.
Your point on the SVNN token is bs. They were purchased off of the market, not distributed by a deployer. So that those that had conviction and are the most focused on the project had a fair shot at having a say.
@@nathanielrichards6665 wow are you really this dumb. Ask Shankar what his % of SVNN is across all his addresses (or better yet go add them all up for yourself on chain). BT created a stealth launch with 100% of SVNN being placed in an LP on Meteora with his "sacrificed" 100k of TRUNK. He alone set the open price of the pool, which he set artificially low. BT was the first buyer and therefore got the best price. Shankar dropped 30k (see his own flex video doxing the address) and also bought early. They held 57% of supply at that point. So all you need to do is follow the money from those two addresses to see they still control majority of SVNN, and therefore can push any vote through the "community" governance protocol. BT also has and will continue to claim fees from this "burned" LP in perpetuity. He has already claimed more than he "sacrificed" lol
As to your other point, if the TRUNK Turbine was to grow to 1B in TVL it will still only pay out 1% to buy ELEPHANT. If you raid the ELEPHANT treasury to pump the Turbine it is a net loss to Bertha's ability to pay liabilities. And I am not even factoring in the 537K Futures account BT created for his "foundation" (from recycling raided treasury funds) that is being compounded quicker than any other futures account in existence.
Wake up. Shankar is either ignorantvor complicit at this point. He is feeding you the insiders narrative.
The dumb ones are the ones not making money!! You can criticise all you want but Futures has and still is paying 0.5% p/day since inception 14 months ago. That in itself speaks volumes.
@@nathanielrichards6665 who said any thing about Turbines paying liabilities? The SVNN token was 100% distributed via the initial LP. 1B SVNN and 100K TRUNK were paired and locked. BT set initial price very low, and was first buyer. Shankar was very large early buyer (see his 30k to 1M flex video). They combined bought more than 57% of supply at super low price. They both distributed it to multiple addresses, but still hold majority of supply. These are just facts. Long as they remain true no one else's vote matters.
@@Dan_Oz You do not get 0.5% interest a day. 0.5 is an internal accounting number the contract uses. Do the math. Rule of 72 dictates that at 182.5% you would be doubling your money every .39 yrs. That is NOT happening in Futures. Stop drinking the koolaide. Use the Futures calculator, actually look at the numbers.