Bitcoin Forum

PRIA is a fully automated and decentralized digital asset that implements and manages a perpetual ultra-deflationary monetary policy favourable to inflation arbitrage by market participants. In other words, this is a swing traders token that has been born right out of the elastic supply experiments of Ampleforth and RMPL. PRIA is an ERC20 token that is exploring beyond the concepts of hyper-deflation. As such, PRIA follows an unprecedented ultra-deflationary monetary policy that is fully automated. Macro contractions and expansions are fully dictated by the smart contract and trading volume. PRIA is based on a complex concept. It is a token based on game theory, with different turns (cycles) of burning/minting supply, with free perpetual airdrops and a few other twists, like the possibility of any holder to burn other holders wallets if they are inactive (25% after 35 days of inactivity or 100% after 60 days). Currently, PRIA is a small market cap token, just under 2 mil. $, so it has a lot of room to grow. You can find more details about PRIA on the main page of the official website.

Web: https://pria.eth.link/
Telegram: t.me/defilabs_community
Twitter: https://twitter.com/defi_labs_

Watching it closely.
Good Project.
A lot to come.

why from a newbie account?

Interesting project, so the inflation and deflation is automated and the rate is dictated by transaction volume? Pretty smart.

Isn't this susceptible to automated trading? Buy when supply high - sell when supply low as the price will be dictated mainly by the token supply mechanics.

Do you have any prediction on how long it takes for one "contraction" to execute?

Because I am really a newbie on this forum.  :)

Nice concept but I don't see how it is sustainable, all these idea of burning tokens, deflation tokens I don't buy into it. The price would go up initially and then dump and if the community is not strong it to push the price up again, they turn to bagholders.

Yes, it is susceptible to automated trading. Are you an algo trader? You may take a look into $PRIA airdrop system. You can set up automated strategies to arbitrage the airdrop. The duration of time for one contraction to execute is mostly dependent of the volume. More volume there is, faster the burning. After two weeks from its launch, $PRIA has burned from 100k supply to almost 84k. All this with daily volumes between 50k to 2 mil. So, my estimation, based on this, is that $PRIA can reach the minimum supply of the first turn in about 2-3 months from now.

It's an experimental token with a great potential, but only time will tell. $PRIA already has a strong community in the background, you can check it on Telegram: t.me/defilabs_community

Is this your announcement post for your project or you have another one for announcement?
Because, you are sounding like introducing a new project to this community but at the wrong part of this forum. This section of this forum is about discussing the projects which were already announced.

If this is your ANN post then move it to the right board here: https://bitcointalk.org/index.php?board=240.0 or you can make a new post there.

Moreover add more details and specification in your thread. You have an interesting project. Hopefully you have the right team and plans to execute this project right way.

If it is an announcement post about the project then there are many things that are missing especially when you are using arbitrage term so in general it means buying from one market cheap and selling to other market at high price and the difference is the profit so in this case is the project doing arbitrage trading and does it transfer the profits to token holders as well?

what make this project become a good project by your view my friend ? and if you don't mind please explain me the reason
because i don't see any special things with this project,