Vader is close to launch! There are some changes and different paths for how to proceed being decided.
https://twitter.com/VaderProtocol/status/1455442135776440328?s=20
If you hold Vether and haven't checked in on the project lately, please get caught up on the Discord or Telegram.
Topic: [ANN] VETHER: A STRICTLY-SCARCE ETHEREUM-BASED ASSET (Read 1600 times)
There's a new Telegram for Mandarin speakers.
https://t.me/vaderprotocolcn
https://t.me/vaderprotocolcn
Vader will be ready in a month.
Luna deflationary minting + Bancor IL protection + Thorchain CLP.
Vader is an exchange with a stablecoin of Luna, IL insurance of bancor and CLP of rune.
To get Vader you have to burn VETH 1:1. (and to get VETH you burn ETH)
You can Buy Vether here: https://app.uniswap.org/#/swap?inputCurrency=0x4ba6ddd7b89ed838fed25d208d4f644106e34279&outputCurrency=ETH
Chart: https://www.dextools.io/app/uniswap/pair-explorer/0x3696fa5ad6e5c74fdcbced9af74379d94c4b775a
Being the only way to acquire Vader, VETH will enter a deflationary vortex, a black hole that will drain the supply and push the price info thousands of dollars. I expect VETH price to surpass $1000 with the launch of Vader.
There's simply a sell side liquidity crisis with only 500k coins in circulation and most of the addresses are dormant or forgotten as this project has been considered as dead.
Market cap is tiny as well as FDV which is nothing comparing to other protocols and Vader will be more advanced than Bancor, Luna and Thorchain.
Rune FDV 2.6B
Luna FDV 20B
BNT FDV 1.2B
Vether 9m
Project leader strictly-scarce has come back with new design documents and seems ready to build new stuff!
Probably not coincidentally, the price enjoyed a nice bump. https://twitter.com/VetherSunrise/status/1374567049796587528
Come to the Discord. It's back on.
Probably not coincidentally, the price enjoyed a nice bump. https://twitter.com/VetherSunrise/status/1374567049796587528
Come to the Discord. It's back on.
This project is market as Untracked Listing on coinmarketcap. Don't know why it is, but it looks not very confident, hope it will be changed soon
Thanks for reminding us. We're inquiring about it.Edit: the issue is that CMC requires VETH to be on at least two of their supported exchanges. We're on one, their #1 DEX: Uniswap. If we can get on another exchange, I can update a CMC ticket.
Edit 2: CMC's not satisfied with the daily volume, either. Hopefully this situation will improve later. We'll keep this CMC listing issue in mind and try to get it fixed as things improve.
We have entered era 2! Emission has been halved to 1024/day.
https://vetherasset.org/stats
Stats Proving the fair distribution model.
When Vader Pools launch Vether Visibility will increase a lot because the burn mechanism Vether/Vader.
Stats Proving the fair distribution model.
When Vader Pools launch Vether Visibility will increase a lot because the burn mechanism Vether/Vader.
So what exactly is the use again of this token? You mentioned it is a strictly scarce ethereum based asset, but even if the supply is scarce and with no actual application in the market, the value will not improve in the market. Burning some assets will not be helpful if you have no real use case here. So once again, where can we use your tokens? Can you explain more about this Proof-of-Value why it will aid in the Vether's continuous existence in the market? What if users are not interested anymore in trading your token, where will your eth come from?
I think the other piece of this puzzle is it's additional quality of being programmable. Since we have such a sturdy "support" mechanism implemented in a token that can interact with instructions, I think we could see some very interesting use cases pop up. Using Vether as collateral to mint synthetic assets being an apparent one. I admittedly don't know a lot about the mechanics of defi but it seems like a provably fair, immutable and intrinsically valuable ERC20 is an inherently useful thing.
So what exactly is the use again of this token? You mentioned it is a strictly scarce ethereum based asset, but even if the supply is scarce and with no actual application in the market, the value will not improve in the market. Burning some assets will not be helpful if you have no real use case here. So once again, where can we use your tokens? Can you explain more about this Proof-of-Value why it will aid in the Vether's continuous existence in the market? What if users are not interested anymore in trading your token, where will your eth come from?
Vether is designed to be a store-of-value with properties of strict scarcity, unforgeable costliness, and a fixed emission schedule. It is not entirely clear in which case the use of Vether is much preferable to other savings options.
Vether Pools V1 a success.
Ran for 3 weeks and accumulated 900 VETH in fees (depth of 3000 VETH) giving it an APY of 600%.
Vether Pools V2 has now been launched, with improvements, increase of cap to 10k $VETH, and TOKEN<>TOKEN trading.
APY for stakers currently > 1000%
https://vetherasset.org/stake
Ran for 3 weeks and accumulated 900 VETH in fees (depth of 3000 VETH) giving it an APY of 600%.
Vether Pools V2 has now been launched, with improvements, increase of cap to 10k $VETH, and TOKEN<>TOKEN trading.
APY for stakers currently > 1000%
https://vetherasset.org/stake
So what exactly is the use again of this token? You mentioned it is a strictly scarce ethereum based asset, but even if the supply is scarce and with no actual application in the market, the value will not improve in the market. Burning some assets will not be helpful if you have no real use case here. So once again, where can we use your tokens? Can you explain more about this Proof-of-Value why it will aid in the Vether's continuous existence in the market? What if users are not interested anymore in trading your token, where will your eth come from?
Vether Pools V1 a success.
Ran for 3 weeks and accumulated 900 VETH in fees (depth of 3000 VETH) giving it an APY of 600%.
Vether Pools V2 has now been launched, with improvements, increase of cap to 10k $VETH, and TOKEN<>TOKEN trading.
APY for stakers currently > 1000%
https://vetherasset.org/stake
Ran for 3 weeks and accumulated 900 VETH in fees (depth of 3000 VETH) giving it an APY of 600%.
Vether Pools V2 has now been launched, with improvements, increase of cap to 10k $VETH, and TOKEN<>TOKEN trading.
APY for stakers currently > 1000%
https://vetherasset.org/stake
Vether Pools 0.1 deployed:
https://vetherasset.org/stake
https://vetherasset.org/stake
Attention all, if you own Vether and haven't upgraded, this is a perfect time to do it!
The dapp makes it easy. Join the Discord if you have any problems!
The dapp makes it easy. Join the Discord if you have any problems!
Thank you for your detailed reply. That surely addressed my security issues and I think others like myself will benefit from it.
Thanks for being reasonable! Please join the Discord if you have any interest. 
everyone now can trade this token at uniswap, and only that exchange in coinmarketcap list,
hope next excange soon
https://coinmarketcap.com/currencies/vether/markets
hope next excange soon
https://coinmarketcap.com/currencies/vether/markets
Thank you for your detailed reply. That surely addressed my security issues and I think others like myself will benefit from it.
Small correction: 1 in 2^256-1 
This looks so damn scammy.
Burning eth you say ay ?? Bullshit.
Check this address: https://etherscan.io/tokentxns?a=0x0111011001100001011011000111010101100101
If you look at the last tx you will see that this guy controls the address.
No eth is burned. It's just going into his pocket.
Burning eth you say ay ?? Bullshit.
Check this address: https://etherscan.io/tokentxns?a=0x0111011001100001011011000111010101100101
If you look at the last tx you will see that this guy controls the address.
No eth is burned. It's just going into his pocket.
During the contract construction an event was emitted that informed Etherscan of the minting:
// Constructor
constructor() public {
...
balanceOf[address(this)] = totalSupply;
emit Transfer(burnAddress, address(this), totalSupply); // Mint the total supply to this address
...
}
The contract increments its balance to the totalSupply (which is 1m) and the transfer event is done in order for Etherscan to *track* the creation of the asset and increase the balance accordingly.
The burnAddress was used to simulate the creation of Vether, because that is where all the Ether is burnt:
// Calls when sending Ether
receive() external payable {
burnAddress.call.value(msg.value)(""); // Burn ether
_recordBurn(msg.sender, msg.sender, currentEra, currentDay, msg.value); // Record Burn
}
This is typically how new dynamically created assets are minted and destroyed, except address(0) is used:
https://etherscan.io/address/0x0000000000000000000000000000000000000000
====================
However, Uniswap forbids sending assets to the address(0):
https://github.com/Uniswap/uniswap-v1/blob/master/contracts/uniswap_exchange.vy#L163
So another address must be used. This address is the binary encoding of the word `value`, which you can verify for yourself at:
https://www.rapidtables.com/convert/number/ascii-to-binary.html
The likelihood that someone has the private key to this address is the same likelihood of someone having the private key to address(0), since they are both valid Ethereum addresses.
Mathematically it is 1 in 2*256-1, of which there aren't even enough atoms in our universe to count this. This video covers this:
https://www.youtube.com/watch?v=bBC-nXj3Ng4
====================
I hope that addresses your concerns.
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