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August 14, 2024, 02:43:01 PM |
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Hey you guys I wrote this not too long after studying the wrapped bitcoins. WagyuSwap hands down has the best wrapped bitcoins. They actually buy bitcoins off the bitcoin blockchain and back there wrapped bitcoins with it. Some others just issue a new erc20 token and supply at 21,000,000. That’s not truly wrapping. Wrapping is when you take a bitcoin and BRIDGE it over to a new blockchain. Wrapped bitcoins on velas blockchain currently sell for about $30,000 a token while other exchanges sell them for about $60,000. That’s easy money if you are a developer. When I found this project they only had 3 bitcoins and now they have acquired about 13,000 btc in one year!
If I have $10 to
manufacture a product
and the competitor
manufactures the same
product for $40 and we
both get a product worth
$100 I can afford to charge
the customer $90 and still
have an $80 profit margin.
Now I take $40 and tether
it to the derivative and
then take $40 and offer a
discount on the native
currency bringing the price
of bitcoin down on my
Blockchain for example if a
bitcoin cost $40 a token
and I have four of them on
my Blockchain then I can
afford to sell them for $30.
I still offer products and
services at a rate of $40 a
token. Even though they
only paid $30 for it.
Forcing them to develop in our economy on our blockchain!
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