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1  Economy / Scam Accusations / Re: Will it be considered as Ponzi (Strange Bank) on: February 22, 2023, 04:21:49 PM
Ok so, basically this is your total token supply:

21 quintillions from first three clicks, that's 21 x 1018, or if we want to be specific, 21,000,000,000,000,000,000
100 millions from the next 100th clicks, so 100,000,000

That'll bring us to 21,000,000,000,100,000,000

We can get 100 free pat through the free pat button, but that won't count towards the deposit. The only way to progress through this investment project is through buying pat on uniswap --and presumably other platform as we progressed-- store them on the wallet we connected to your platform, type in the amount we want to deposit, click the button, and that amount will be taken from our address to a burn address. Am I correct?

Two questions if I'm good so far:
1. What's the burn address? I assume its the universal ETH burn address?
2. Who control of the current total --and continuously growing-- supply before anyone buy them on uniswap?

"We can get 100 free pat through the free pat button, but that won't count towards the deposit. The only way to progress through this investment project is through buying pat on uniswap --and presumably other platform as we progressed-- store them on the wallet we connected to your platform, type in the amount we want to deposit, click the button, and that amount will be taken from our address to a burn address. Am I correct?"
If you get 100 free PAT, you can choose to (or not to) deposit them in the Strange Bank.

"1. What's the burn address? I assume its the universal ETH burn address?"
The burn address the the null address. You can check this deposit:
here

"2. Who control of the current total --and continuously growing-- supply before anyone buy them on uniswap?"
The first three clickers were awarded nearly 100% supply. The supply will not exceed 21,000,000,000,100,000,000 until first withdraw (at least four years from now)
2  Economy / Scam Accusations / Re: Will it be considered as Ponzi (Strange Bank) on: February 21, 2023, 02:58:03 AM
It is unfair to tag a project because it sounds like crazy. If you find vulnerabilities of the smart contract, we are very happy to deal with them. If it is unclear about the design and methods used in the project, we are also very happy to explain.

No, you're tagged and reported not because your project sounds crazy but because there are a lot of things missing in your project, like the people running your project, and transparency on the supply audited smart contract to name a few, we have already seen so many crazy projects in the community and yours is not different but the scheme is quite unique but in the end investors and supporters will eventually lose money.

Ok, it is fair. Anyway, our purpose is not to bait investors but to change financial world. We will keep delivering products like this. Time will tell.
3  Economy / Scam Accusations / Re: Will it be considered as Ponzi (Strange Bank) on: February 21, 2023, 02:41:25 AM
I'm sorry, what?

Do I understand this correctly, we connect our wallet to your platform through MM --or whatever-- when we click "free pat" button, we paid an ETH fee to have 100 PAT sent to a burn address instead to our wallet?

"free pat" button is a giveaway and will simply give you 100 PAT. If you want to deposit to earn 10,000x profits, you click "deposit" button, which will burn your PAT tokens and document your deposit on blockchain.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Strange Bank - The Only Bank Guarantees 10,000x Return on: February 20, 2023, 11:48:54 AM
Need ETH as GAS for PAT deposit?

Yes, every operation, deposit, free pat, withdraw, and reset, needs gas - as any other non-view function on Ethereum.
5  Economy / Scam Accusations / Re: Will it be considered as Ponzi (Strange Bank) on: February 20, 2023, 08:49:51 AM
It is unfair to tag a project because it sounds like crazy. If you find vulnerabilities of the smart contract, we are very happy to deal with them. If it is unclear about the design and methods used in the project, we are also very happy to explain.
6  Economy / Scam Accusations / Re: Will it be considered as Ponzi (Strange Bank) on: February 20, 2023, 07:08:35 AM
Thank you for questions. We answer them below.

What value will it offer to the community?
You can see this project as a web3 game. Unlike traditional games, a web3 game can play with another asset: time. In this project, only people fulfill all the tasks will be rewarded. In traditional games, a task cannot last a long time because game servers may be down, or game may be discontinued. In web3 games, a task can last over years because codes are always running on blockchain.

Therefore, the token is named “Patience”. We are playing with time.

Who are the developers of this project?
The developers of this project plan to be anonymous at this moment.

Token percentage of the developers?
Zero. ~100% PAT tokens are minted to the first three clicks on “FREE PAT” button in app.

Since you offer this kind of scheme you need to have your smart contract audited by a third party do you have one?
We will but we have not. Now we are in very early stage. As shown in this topic, the website was registered a few days ago, as well as the contract and bitcointalk account. However, the contract has been verified on Etherscan, so capable developers can read the contract before we audit.

7  Economy / Scam Accusations / Re: Will it be considered as Ponzi (Strange Bank) on: February 20, 2023, 05:19:58 AM
We explain the design and answer the questions below.

What is “FREE TOKEN” bottom in app?
PAT is minted only through “FREE TOKEN” bottom. After the first three clicks, the clicks generate 100 PAT per click. When you click the bottom, you will be charged the Ethereum network transaction fee for around 2 dollars. Therefore, the cost per PAT is around 0.02 dollars by clicking. This mechanism sets an upper bar of PAT price, 0.02 dollars, in smart contract: a welcome offer until March 31, 2024.

Will people dump PAT after a while?
Maybe. Who can guarantee not dump? However, based on our observation over the ten years in crypto, if a token is not huge inflationary, the price will not be dumped 99.9999%. Even if a token is concentrated in a few hands, they will not ruin their own fortunes. Refer to Coase Theorem for more explanation. If the price is not dumped 99.9999%, you are profitable by depositing in Strange Bank.  

Is PAT huge inflationary?
First, PAT is not inflationary in the first four years. There are around 21 quintillion PAT (from the first three clicks of “FREE TOKEN” bottom). The following clicks generate 100 million PAT at most, which reflects 4.76 * (10 ** (-9)) percent of the total supply.

Second, the inflation rate when you withdraw your 10,000x PAT depends on when you start depositing. If you deposit earlier than others, you will withdraw earlier than others.

Third, many people may miss deposits. A person needs to deposit only once per month, which discourages automated depositing by code. Every person has chance to miss a deposit. If miss a deposit, you will lose all your deposits and have to reset your account to start over again. Therefore “RESET” bottom is here. (answer to PX-Z’s question:
Quote
Their app/account is also strange why would they put a reset button just to clear the whole account balance such feature is unnecessary and useless.
)

Quote
I'm not good at reading contract, but I dont don't think this project has a smart contract that lock everybody's PAT and the LP? I can't find this info on their very minimalist website, but if I'm correct, then I'll say it's more of a money-grab than a ponzi.
(holydarkness)

When you deposit, PAT will be burned, while the time and amount of your deposit will be documented on blockchain. When you withdraw, PAT will be minted based on your records on blockchain.

Is Strange Bank a scam?
We doubt whether we are in the same crypto world. There are many scams here. Some project may promise a huge plan but deliver nothing. Some project may copy codes from other projects and have a new name. Are they scams?

Strange Bank has a unique design and originality and delivers the product in the first place. We also keep telling the truth.

Will Strange Bank be considered as Ponzi?
Again, if you do not understand the value, potential, and risk, we advise you not to participate in the project.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Strange Bank - The Only Bank Guarantees 10,000x Return on: February 19, 2023, 10:37:52 AM
You are correct that PAT has no value now because the contract was created three days ago. You are also correct PAT price may collapse due to huge inflation one day, which does not mean it cannot surge before its dying. Keep in mind, the first withdraw will happen 4 years later (48 deposits needed), so no huge inflation but only deflation (depositing) within the first four years.

You call the project "really strange and unique". Thank you. This is exactly the value of the project.
9  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] Strange Bank - The Only Bank Guarantees 10,000x Return on: February 19, 2023, 08:52:07 AM
Strange Bank
The Only Bank Guarantees 10,000x Return

What is Strange Bank?
In Strange Bank, we reward patience. Every month, you deposit amount of PAT that you choose. After 48 deposits, you can withdraw 480,000 times of the minimum deposit. For example, if you deposit 1 PAT every month for 48 months, thereafter, you can withdraw 480,000 PAT; that is 10,000 times of your total deposits.

Wait, 10,000 times reward? Is it guaranteed?
The reward is guaranteed by the smart contract. However, the reward is in terms of PAT. The price of PAT may change overtime. You may lose significant portion of your money even if you earn 10,000 times more PAT.

Is PAT inflationary?
Yes, PAT is inflationary. If everyone finishes 48 deposits, there will be 10,000 times more PAT in the market. Fortunately, very few PAT have been deposited, which means there will be no significant inflation when you finish deposits.

What if I miss a deposit?
Every 30 days, there will be a very short time window (48 hours) for your depositing. Specifically, you need to deposit after 29 days but before 31 days since your last depositing. If you miss a deposit, You will lose all your deposits. You need to reset your account to start over again. This feature is written in the smart contract and has no exception. If you plan to go to Mars and there is no web connection, You'd better not participate in the project. If many people do not finish deposits, the inflation will be further reduced (even negative!). Be careful, the countdown in app is only for reference. No one excepts the smart contract is responsible for your deposits.

How are PAT tokens distributed?
PAT tokens are generated only through clicking "FREE PAT" button in app. The first three clicks will generate 7 quintillion PAT tokens each click. The further clicks will generate 100 PAT tokens each click. PAT generation will be ended given one million clicks OR after March 31, 2024. Basically, you can generate as many PAT tokens as you need. Investing in PAT is not be advised.

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