New crypto futures market dapp called Pyrmex stike again tonight? Continuation of last nights thread.
The site describes itself as:
>allowing people to predict what the balance of the EthPhoenix.io smart contract will be at a specific future time. This project is currently live on the Ethereum Main Network. Futures settle once daily, at 5:00am GMT. After much discussion, it was determined that 5am GMT maximizes the number of participants who can be awake and view settlement each day worldwide >pyrmex.com
Its a daily futures markets that has established a tidal ecosystem with another smart contract called ethphoenix. These two contracts help perpetuate each other and done totally separate and outside from any market other than eth, which its based on. It is able to self sustain already and can handle any volume while remaining fundamentally sound. Whales can drop huge numbers and the ethphoenix contract was designed to handle that. In the last 5 minutes last night, 17eth was dumped pulling the market all the way to infinity bull. Shit is off the wall and anyone guess.
>POT at 0.816 eth 8 hours to go time, last chance to get below 10% vig
Onto the second element >ethphoenix.io >inb4 purple ID btfo again
Whats ethphoneix.io? >Every time somebody buys or sells an EthPhoenix token, the price changes - 0.2% higher upon buy, 0.2% lower upon sell. If you keep your tokens where they are, you receive 10% from every buy OR sell transaction based upon your current share of tokens. You can convert your current token stash into Ether where it will sit in your dividends pool - your dividends are stored in ETH, not in tokens, so their value remains stable (as long as the ETH price itself remains stable.)
The more EPX one holds, the large amount of the dividends they receive. All tokens are valued equally, so you can have 100 coins across 100 wallets if you would like without sacrificing any value; allowing you to partial sell
>Then what happens? Once the betting stops on pyrmex.com, the leverages(price multipliers) are locked. Leverage over 50x is common. After betting stops, there is an hour before settlement thus encouraging users to manipulate the ethphoenix market. People flock over to ethphoenix.io to buy/sell in order manipulate the market in their favor, all the while earning mad dividends for token holders and the number of transactions explodes.
This eth cow creates dividends out of volatility for token holders, and there is nothing more volatile than a daily futures market running 24/7. 5 eth in pot tonight EASY. Calling it.
Jackson Moore
Please. I can't take it anymore, I was all in on minibear and then someone dumped in over 17 ETH 1 minute before settlement.
But I need to win my money back, so bump
Jeremiah Howard
and yes, it pays out. It takes a couple minutes after close to go thru. Last nights winings
Levi Bennett
Go bull, you can make some comfy gains and then get divvies from other people pumping and dumping, or go bear because the autists who are into this sht dont have unlimited money to pump. A dump is inevitable.
William Jenkins
>We will never see EPX below 250 ETH again
Jackson Wilson
The pot is defaulted .3 eth away from infinibull thanks to that massive dump, so the risk to short is HUGE right now
Multipliers reflect this though, the top 4 bearish pots are still sitting at 10x,
but the same guy who is suspected of pumping has a bullish bet placed. It's madness
Vig going up 5% in 15 minutes, place your cheap hedge bets now
Matthew Foster
Yessss this could be a daily. True Veeky Forums game , winners take all
Thomas Brooks
I’m on superbear, megabull and infinity bull. Hedging against a dump or a pump. I think there will be a lot of movement today after last night’s mega pump.
My dividends from last night are covering my bets today.
Hudson Murphy
10% vig now and 7 hours to close bets
Zachary Thompson
Pyrmex will moon everyday forever how does that feel? As long as you hold EPX, you can passively make income daily. It's like BIITTTCCOOONNEEETTTT but real
Michael Martin
Alright boys, i’m Ready to light this shut up tonight
Nathaniel Williams
Who's is in every pool? If you bet on them all, then you always win right?
Jack Walker
Dump is totally happening tonight. I saw a screenshot of a convo between the devs. They manipulate this shit daily. They agree on a price and then work together. Today they’re planning to tank it
Jackson Bailey
yes give me that infinity bear
Landon Nelson
>If you bet on them all, then you always win right? user, please...
Chase Lewis
Just bet the same way as that guy Horse or whatever his name is. He’s literally never lost—suspicious?? Just ask him he won’t deny it
Camden Peterson
>what is hedging bets Your loss
Owen Perry
I'm gonna get that sweet 10x?? yesss
Ethan Jenkins
>talking out your ass this much You saw a screen shot? Sure. Pics or it didn't happen. And isn't the name of the game to encourage manipulation?
If anything, people should for teams to pump and others will form teams to dump. The resulting war would result in biblical dividends for ethphoenix token holders.
>inb4 you're the purple ID retard that got btfo past night
Bentley Morris
My friend made me promise not to share it. Didn’t tell me I couldn’t talk about it tho hehehe
Alexander Jackson
ok
Isaiah Thomas
Even if what you are saying is true, it wouldn't matter, because it's in any big token holders best interest to pump it back up the next day, because of the dividends
Charles James
So if you think insane insider manipulation is happening on the devs part, then the safest choice is to buy more EPX - if they do dump, you could buy the dip and end up with more tokens than the devs themselves..
Samuel Richardson
Pyramid Scheme exchange
Leo Cooper
Rounding the next hour, what's the pot at?
Sebastian Clark
healthy 1.008 ETH
Christian Wright
It would be incredibly easy to manipulate this. Anyone who invests in this shit scam deserves what's coming to them.
If you are really interested in a true FUTURES dapp, just check out ETHORSE.
Samuel Fisher
manipulation is part of the game Mr. I Can't Read
your shit dapp isn't even live yet, and serves no purpose that existing futures markets don't already - besides a dev cut that I'm sure is being skimmed
Luis Miller
1 eth already? Oh yeah. 5 eth my close watch
Elijah Long
Bump
Henry Watson
Impossible to predict, but being this bullish by default, this is going to be one of the most lucrative set of multipliers yet
That's what's I'm saying!! This pot is unlike all the others in that it was Skewed initially, meaning the outlier multipliers(leverage) of the set will be off the charts. Remeber when the old one had leverage over 500x? Could see close to 200x tonight, that's the kind of nuts shit we are talking about.
Hunter Adams
DID SOMEBODY SAY FREE MONEY?
Sebastian Thompson
See Huge if true. Underrated post
Elijah Robinson
Pot just jumped to 1.360 ETH
Robert Ward
Half the pot is on infinibull - someone is really confident there isn't going to be a dump..
Isaiah Cook
>manipulation is part of the game
that's why this dogshit is a scam
Brayden Peterson
No, it's not part of the game retard. It IS the game. Which in turn creates huge volatility and then huge dividends for EPX holders. Did you even read OP before posting?
Anthony Mitchell
>buy into EthPhoenix >receive dividends on buy AND sell you have to be literally retarded to not buy in to this, you RECEIVE MONEY FROM MARKET MANIPULATION
Henry Walker
I guess stay mad that you got scammed into buying horse tokens when you can already short crypto on half the exchanges
Yes, manipulation is part of the game - nobody will deny that, because we all can read
Isaac Adams
>5 hours until bets stop What's the pot at? Can someone link the etherscan?
Alexander Clark
etherscan has more than the pot to ensure payouts even if the house loses, but here you go
Not a bad pot, I bet most will wait as long as possible to conceal their intentions. Let the games begin!
Grayson Campbell
Bump for vigorish awareness
Jack Anderson
Bump for muh divs
Parker Adams
4 hours until bets close!
Anthony Scott
Can I just buy tokens and not even bet on the pump/dump? Is this not essentially free money so long as people are gambling on volatility?
Noah Jones
yessir!
Nathaniel Kelly
You are correct, it's imposed volatility like never seen before. This is some game changing shit m8
Jason Young
Bump
Jack Collins
Veeky Forums where you at, last night was off the fucking scales
Gabriel Baker
buy biz
Josiah Jenkins
Bumppppp
Blake Walker
Sorry to burst your bubble but this isn’t even remotely close to being true. Some devs may choose to play the meta (I’m not one of them, I just toss a few shekels at the pots- mine are in the three bears today), but any “collaboration” is the result of a fever dream.
Any shitposting I make in the line of “huehue what if I dumped” is done in the pyrmex-general chat. I’d not have done well as a spy.
Jaxson Davis
disregard this I dump ,cocks
Jonathan Miller
...
Andrew Wright
Over half the pot is on infinibull, if someone does dump, they're going to make insane money
I'm kind of hoping for a small dump tonight. I'll get my dividends either way
Brody Walker
HES HERE.
Adam Hill
Bet the bears and hope someone is planning a dump - that's the winning ticket tonight!
Adrian Kelly
The pot just broke 1.5 ETH .. if any dumpers are out there, look at these mults
Angel Harris
Norsefire you fucking lieing nigger, what the fuck are you on now?
Josiah Jenkins
Yeeesssssssssssss it's beginning
Bentley Young
2 Hours 15 Minutes left to place bets, Veeky Forums
Matthew Brown
Gonna hop to 14% vig soon?
Samuel Rogers
Pot seems kinda small so far..
Noah Bell
About an hour until the 14% vig
Samuel Robinson
It's an abnormal set up, people don't know what to do... That said, there is some serious bets in here.
Jace Sullivan
Bump
Joseph Miller
Lol, first your pyramid was dying, now even your betting game is dying! Soon there won’t be anything left for you guys but to admit it’s over
Angel Morales
.... wut?
Connor Wright
Let's just wait and see what happens in 3 hours... On another note >start driving to jack in the box for a munchie meal >realize it's only 8 oclock
Still one of the biggest pots so far. Try again later
Jackson Diaz
A) this is the second day it's been released B) yesterday got 17eth in 5 minutes
Just stfu powh fag
Jace Cox
I guess denial is the first stage of grief. why don’t we skip the other shit and go straight to acceptance? Whaddya say?
Liam Barnes
How does under 240 ETH feel, PoWH3D?
Meanwhile, last night, we got a 17 ETH pump
You're welcome to keep shitposting and bumping our thread, but you have no figures to show, or even news for your project. It's actually sad.
Landon Russell
this is what i woke up to this morning, yes the dividends were amazing.
Aaron Moore
What am I reading
Juan Anderson
Every time I point out that your stupid project is dying you all just reply by pointing to powh’s temporary dip. Powh’s memes kick ass, and it’s business model means it will last FOREVER on the blockchain.
Jacob Smith
No one should even bet tonight
Carter Myers
wow you really are retarded aren't you? I bet you're just mad because you're down a lot on powh and cant get anyone to use your ref link.
Gavin Young
People use my reflink constantly dickwad
Aaron Wood
>She used my ref link so quickly, shit was SO cash,
David Bennett
Ya and powh's referral system also makes it illegal in US so there's that...faggot.
Dominic Foster
...
Matthew Nelson
To constantly sell their tokens maybe. Look, I want to see you guys succeed, I really do, but you have no competent programmers, and even if you did, your devs have a 10% transfer fee so nobody can make any games like this that are possible to play.
Buy 3D: 10% fee Send to game: 10% fee Remove winnings: 10% fee Sell 3D for ETH: 10% fee
Oh, and if you're buying with a currency that isn't ETH through the site, because the devs don't want you to know that shapeshift exists?
That's right, 10% fee. The insane greed of the devs killed your project. If they weren't so retarded, your memes could have unironically beaten EPX into the ground already.
Colton Rodriguez
How can something on the blockchain be illegal? What, are they gonna put code in jail!! I don’t think so. Oh oh maybe they’ll arrest Vitalik Buterin haha
Lincoln Thompson
>Bitconnect
David Taylor
Our devs said they can fix the 10% fee for games. You don’t even have the ability to have an exchange bc EPX doesn’t work. It doesn’f Do anything except line your CORRUPT illumanity devs’ pockets
Liam Sanders
Davor Coin
Luis Diaz
>they said it was safe >2 million dollars lost
>they said the devs were gone >old dev still owned the site, steals 2 eth
I hope they can somehow change the immutable smart contract you yourself have referenced, for your own sake as a bag holder, but their track record is lies and bullshit. So you're probably fucked.
Easton Cook
btw bookmark EPX and come back on March 31st, you will FOMO back in then 100% gauranteed
David Ortiz
Why don't you ask Craig grant and trevon that same question. They just got severed by the Fbi. Ref links make PoWH illegal, you were warned.
Josiah Perry
Total Pot Size: 2.431 ETH >dying
20 Minutes until 14% vig, 1 hour 20 minutes left for bets!
Aaron Clark
WWWEEEEEEEEEEEE
5eth by close OP called it
Nicholas Cruz
PoWH scares you bitches doesn’t it? You can see it’s going to destroy you. Just wait until we amhave futures too
Asher Edwards
Honestly it did when it launched, but now it's more like a joke to us
Maybe if 90% of your discord wasn't banned from Veeky Forums, you could FUD us harder