Solana
Discussions about Solana
Nick Ducoff pfp
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Matcha 🍵 (ETHCC/Cannes 💅) pfp
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joshisdead.eth pfp
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joshisdead.eth pfp
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Nik (ezbek) pfp
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Rolex pfp
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Pk Alio (Onchain)⚡️ pfp
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Sujit 🇮🇳 🎩 pfp
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thoughtcrimeboss pfp
Now that real world stocks are easily available on Solana, it didn't take very long at all for people to start building ponzis on top of them. Supposedly if you hold Solana Index Fund (SIF) you earn SPYx funded by a 6% buy/sell tax on SIF. SPYx is a tokenized version of the SPY ETF which represents the S&P 500 stock index. So instead of just buying $100 of SPYx, you want me to pay you $6 to buy $100 of your shitcoin, and in return you will give me a tiny portion of that same 6% tax from other suckers who also buy in? And then when I realize your coin is going to zero and try to sell, you will charge me 6% again, probably erasing any returns I made collecting SPYx from holding SIF? For anyone who doesn't know, if the coin has a buy/sell tax run away as fast as you can. NFA, this thing will probably go to the fucking moon now because it has a coolish sounding name and I talked shit about it.
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Gramajo pfp
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Zack Guzman 🎩 pfp
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joshisdead.eth pfp
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carlos pfp
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