EthFinance

So I finally plugged $ETH into my oscilloscope, and this is what I see. It keeps going forever like this. NFA

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

Take a look at ETHPrinter. We ran it up when Eth was spiking down. Goal is a community run Eth node. 💙

Founder of BABYDEGEN 🎩 DEGEN community member since Feb 2024🙏Team member of ETHPrinter🔵🖨️

Quoting a specialist from our team: 

Regarding the tokenomics / fees, this is how it works:

It's a reflection token, the contract collects 5% fees from all trades, swaps them to wETH, and distributes the wETH rewards proportionally to the holdings to all token holders.

So in the current phase of the project, holders already benefit from all future volume on the token itself.

Currently, the project is working with trusted 3rd parties like Safe, to ensure the security of funds according to best practices available, and will continue to do so.

It is aiming to be community-driven, so some future decisions will also depend on how much involvement from community can be achieved, and details regarding the deployment and operation of validators are certainly subject to this as well.

If you'd like to discuss this further, I'll be happy to answer any other questions or concerns you may have, here, or via DM.

Thank you for your questions!

I assume you mean validator, not node.

I'm not sure I understand the tokenomics. So if I buy / sell / trade $EthPrinter, I pay a 5% tax, which eventually goes back to... me as a the token holder?

Who will run the validator once 32 ETH are collected?

What's the advantage of this over just buying an LST and getting staking rewards, given all the extra Rube Goldberg complexity and points of failure / trust assumptions involved here?