Odell is right, there is a scam involved and this 'business model' shouldn't exist in the first place. this dev got rug pulled by a scam coin a few years back which got him fired up. He recently found a bug that he can exploit. he created a staking ecosystem with four yield-bearing derivative tokens that pay the staker the same scam token which has a massive circulating supply. with the proceeds of issuing the derivative tokens, the dev buys bitcoin to drive the growth to pay the yield. the difference between the growth of bitcoin and the promised yield flows towards the project token. dev can issue more project tokens to pay the promised yield and prevent having to sell bitcoin. this dev allegedly used AI to vibe code a thing that can endlessly mint new tokens to accumulate as much bitcoin as possible, he chose not to have a set schedule and has no obligation to pay principal back to the staking token holders. the dev even convinced the nasdaq to list all tokens. people can join this exploit themselves by buying the project token. the growth difference, both positive and negative, will accrue to project token holders. there is risk involved and dev says not to sell your own bitcoin. this project is exploiting the biggest scam ever created. it exposes the scam from the inside out. it exposes fractional reserve banking, the central issuer and the entire lot that comes with it. the beauty of this project is that the dev chose bitcoin as the tool for the exploit, because of its superior monetary properties. funniest thing is that the supply of the scam token grows so fast, around 6%, which is more than double what is needed to grow the value of the project's bitcoin stack and pay for the yield, like forever. funding basically secured. this dev is pumping our bags. I hear dev is laser focused and willing to go the distance.
