Topic: Tired of Waiting for the Bull, We Created Our Own Bull (Read 129 times)

Good analogy As soon as we told our family and friends about it, it spread virally. Our project is worth its weight in gold. That's why people are rushing to get it. 

I understand your concerns. Free cheese is in the mousetrap. However, be sure that your concerns are not prejudiced.

You are right about the Ponzi scheme. From the potato market to the dollar, euro, and crypto market... All tradeable meta and all currencies in the world act like a Ponzi scheme. When new demand(new users) comes, old buyers make money with the pump; otherwise, the system collapses. Old users become whales over time and use new users as a source of income. This is where Risy DAO comes in. Its anti-whale and fair distribution mechanics make it impossible for old users to exploit new users’ investments. At the same time, the 10% mechanic ensures that the chart never sees a dump by maintaining a 10:1 demand-to-supply ratio.

Hello theholycoin, Your optimism is nice, but...
 That exact phrase quoted above sounded really familiar, and it took a bit of effort to remember. Here it is, an example of something else, "historically famous" which also promised to rise forever:

Stock Generation was a Ponzi scheme operated by SG Ltd. that operated on the Internet from 1998 to early 2000. Stock Generation allowed people to trade "virtual companies" using real money and promised unsustainably high returns on investment. ~Wikipedia

When you said creating your own Bull, I had it in mind that you are going to do what this guy did in the movie MONEY MONSTER.

https://www.youtube.com/watch?v=x8UusCs3534
He said, Turning bad investment into good by sheer Force of Will.  

He was wrapped in explosives but he tried convincing the people watching the hostage-taking live to buy the stock, for the price to go up.  In your case, you just tell it to your family and friends.

Anyway, good luck to your Risy DAO.

Risy DAO celebrates $100000 market cap! We have lost our first 0.

I am telling all my beloved friends that you are lucky to see Risy DAO this early.

It is made for an endless bull market and an infinite rise.

https://risy.io/img/RISY_CELEBRATE_100K_MCAP.png

https://risy.io

We need to come to a point where we don't expect so much from the market, such as expecting a bitcoin bull market at a point we we should be expecting so.e further corrections in the price of bitcoin, I mentioned bitcoin because you also make a point to bitcoin being the major cryptocurrency market propeller, and if that be so we need to make bitcoin appear at the center of our comment, because in most cases, majority of the entire market seems to be pushing towards bitcoin sentiment.

So whatever level of expectations in bitcoin, it also reflect back on other coins in the market, and as a technical market observer we need to constantly point that point of bitcoin market dominance out all the time because is in doing that that we could possible forecast when we can expect the next bull market or how long we are going to be waiting at the recovery level for a certain number of time.

But then we shouldn't be overly expectant to the point of killing our motivation to waiteven when we have many lapses against us at a certain level, so to stay motivated, we need not to expect the next possible market breakout.

Friends, I want to tell you a story. I've been working with software since 2009 and with blockchain since 2015. Yes, I know, I regret selling my Bitcoins too. Anyway, let's not start from the creation of the Earth

I've experienced a lot in the blockchain world. I've seen enormous rises and massive falls. I've been scammed. I've begged for months for a token to rise and sometimes struggled for it not to fall... I bought at the peak out of excitement and sold at the bottom out of fear. I've used countless CEXs, DEXs, and systems...

This journey taught me a lot. First and foremost, I became a senior Blockchain Engineer, and I'm grateful for that. I loved the Blockchain World, but there were aspects I hated, such as:

- All cryptocurrencies being directly or indirectly correlated with Bitcoin, rising and falling together
- Centralized projects masquerading as decentralized ones
- Whale manipulations and market making
- A stressed mind, unable to find an investment tool I could consider a safe haven
- Closed-source projects with unknown contents, developed by amateurs, untested and unaudited, inspiring no confidence
- Amateurish practices and scams that shatter dreams and even homes

Then I started thinking. I was going to create a project. For myself. For my family. For my friends and humanity. Most importantly, I had to leave something significant behind in this world we'll one day vanish from, like our anarchist savior idol Satoshi... With Satoshi's vision, innovation for humanity, a few drops of sweat to be shed for humanity. But they won't be able to kill it this time... (yes, I think Satoshi was killed, but ideas are bulletproof. Bitcoin is still alive.) I took all my years of software and blockchain experience, every last penny I had saved, my software developer friends, my investor friends with whom I had built deep friendships, and started planning:

1. New Correlation: The new cryptocurrency I was going to create wouldn't be correlated with Bitcoin. Its liquidity would be opened with 50% gold (PAXG) and 50% dollar (USDC). Thus, it wouldn't be affected by either bear markets or any inflation.

2. True Decentralization: The control of the project would be entirely in the hands of the DAO. Even I would only own 2% of the project, the rest would belong to the community.

3. Whale Protection: There would be a daily transfer limit of 10%. During the ICO period, there would also be a maximum token holding limit of 0.75%. This way, tokens would be distributed fairly and manipulations would be prevented.

4. Continuous Development: Thanks to the DAO mechanism, the community will always have a say in the future of the project. Risy DAO wouldn't fall behind the times, it would continuously evolve.

5. Sustainable Funding: A 0.1% DAO fee would be taken on each transfer. This fee would be used for project development, marketing, and community events.

6. Fast and Cost-Effective: We would build on Polygon. This way, transaction fees would be low and transactions would be fast.

7. Top-Level Security: We would use improved versions of battle-tested OpenZeppelin smart contracts, write hundreds of tests, and conduct professional audits. Our liquidities would be locked forever and their ownership would be transferred to the Null address and burned.

8. Open Source: All our codes would be open for everyone to see, examine, and even contribute to.

9. In Polygon's Vision: We wanted to be at the center of Polygon's vision of turning all blockchains into a single network with the AggLayer project.

10. Clear Roadmap: We would have goals and plans for each quarter. And we would always share these plans transparently.

11. Investor Appreciation: In the future, unused DAO revenues will be distributed as dividends proportional to the amount of RISY held by investors each month.

12. Safe Haven: Our daily sales limit mechanism of 10% of the balance would create an average ratio of 10 buys to 1 sell per day, meaning RISY would be in a constant upward trend, like its name, creating an endless bull as in its logo.

And now, let me tell you a secret about RISY's name and logo:

RISY comes from the English word "rise". Because we promised to be a project that constantly rises, always moving forward. Every day, every hour, every minute... RISY will continue to rise.

The strong, determined bull figure in our logo is the very embodiment of the endless bull market we've created! Our bull will never stop, never tire. It will run forward every day, every moment. And this angry bull won't just advance on its own path. It would run for all of humanity.

One day, RISY's unstoppable bull might even sit atop Bitcoin. Does it sound impossible? Maybe. But remember, until yesterday, Bitcoin was an impossible dream for many.

This, my friends, is what RISY is. A revolution that promises a better future for humanity, constantly rising, never stopping. And we invite you to be a part of this revolution.

Rise with RISY, be free with RISY, rewrite the future with RISY!

And remember: This angry bull, this endless rise, this revolution... It's all for you. Because we, as blockchain enthusiasts, deserve a better world. And with RISY, we will build that world!

And we did it... And we succeeded... :`)

Here it is:
Risy DAO Official Thread: https://bitcointalksearch.org/topic/our-new-project-risy-dao-the-future-of-decentralized-finance-5509828

Made with passion and coffee for blockchain nerds by blockchain nerds. Rise with RISY!