A Call to Action for the Furu Community and Holders.

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Avatar for francis105d1
11 months ago

Dear Furu Community and Holders,

I pen this letter with a fervent desire to underscore the pivotal role that CashTokens plays in the evolution of Bitcoin Cash. As we navigate through various experiments, it becomes evident that CashTokens represents a watershed moment for BCH. It's an opportunity to demonstrate that BCH is not merely a currency but a robust store of value and the preeminent medium of exchange, capable of outshining competitors such as ETH, XMR, XRP, and BTC.

The unique strength of Bitcoin Cash, with its 32MB by-blocks blockchain, positions us to onboard over a billion users, each engaging with the blockchain daily. Running a node at this capacity requires a modest investment—a $500 computer, a $300 hard drive, and a $100 or less internet connection, attainable by many. For those facing financial constraints, SPV wallets offer an accessible alternative. Importantly, 10 transactions on BTC or ETH can offset the node's costs when using Bitcoin Cash. Leveraging CashFusion ensures privacy akin to Monero, while 0 confirmations challenge the efficiency of XRP for small transactions.

CashTokens is poised for growth, and the impetus lies with the Bitcoin Cash community. CauldronDEX's call for a flipstarter donation exemplifies a commitment to development without resorting to additional tokens. I challenge the notion of introducing a CauldronDEX token.

Now, let's shift our focus to the Gurus and Furus—the heart of this missive.

The proceeds from the Gurus NFT sale benefit project developers. While it's money not directly owned by the community, its potential to fuel CashTokens protocol development is substantial. Over time, these NFTs may appreciate as the ecosystem expands.

The Furu token, distributed for free, holds the potential for price appreciation. However, it necessitates active community involvement and dedication from both Gurus and Furus. Holding the token alone won't suffice; it demands a concerted effort from the community to contribute to the protocol's growth.

For those holding over 1 million Furious, I urge you to contemplate adding liquidity to the token. Even if it seems challenging due to the nature of 50/50 liquidity pools, taking this step demonstrates a commitment to the project's long-term success. Sitting back and waiting for others to act may jeopardize the project's viability.

Consider investing at least 20% of your current Furu tokens into providing liquidity. This strategy can catalyze value growth as it allows for increased participation and liquidity in the market. If this isn't feasible, consider selling at a fixed price through TapSwap without causing a significant impact on CauldronDEX liquidity.

To the larger whales among us: if you're hesitant to provide liquidity or sell outright, anticipating future profits, be prepared for an extended wait. Your participation can significantly reduce this timeline, and if necessary, you can place selling orders on TapSwap.

In closing, the crux of the matter is that the project needs liquidity and responsible, engaged holders. Avoid hasty sell-offs; explore alternative selling avenues. Notably, industry leaders like Roger Ver may be interested in purchasing your position, potentially at a higher market price. Placing limit orders on TapSwap not only facilitates transactions but also draws more attention to our market.

Let's unite as a community, foster liquidity, and propel CashTokens to new heights.

Sincerely,

francis105d1

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11 months ago

Comments

I'm really intrigued by the concept of Cashtokens on the Bitcoin Cash network. The idea has the potential to revolutionize the way we think about decentralized finance and digital assets. I'm excited to see how this project develops and how it could potentially onboard new users to the BCH ecosystem. Keep up the good work!

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11 months ago

We will see but has its risks but the risks mean greater rewards if you pick the right asset.

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11 months ago