How does the Crypto market measure success?
How many of you out there have witnessed a true pump and dump?
What about a rug pull?
What was it that caused you to go into the project? Was it the team? The vision? The utility?
Having spent much of my career in TradFi, I got to thinking about what makes a company or a project/company successful. The stock price or token price is one metric… But does the price of a stock or token truly represent what’s going on behind the scenes? In a word… no. When a token goes up 5000% and then crashes within a few weeks, never to be thought about again, that is only a success story for those who got in low and sold high. For those who bought high and got wiped out, it was an abject failure. Sustainability, as in a project’s longevity, is how success should be measured.
If you ask the most knowledgable crypto friend you know about elastic supply tokens, they will probably either shrug or respond with some soundbite they picked up on Twitter… “projects have abandoned rebase tokens, I don’t like them because who likes a negative rebase, blah blah blah.”
Remember when Elon started Tesla (this is not an endorsement or brag about Elon or Tesla)? “The big car companies have barely embraced hybrids, there are no charging stations, range anxiety, blah blah blah.” Sound familiar?
ElasticSwap wants to lay the foundation for elastic supply tokens. The team knows first-hand how much that is lacking… Very few DeFi building blocks out there today work with rebase tokens and ElasticSwap wants to address that.
A bit about our team
LSDan — Co-Founder
A veteran of the DeFi space with more than 20 years of tech experience, LSDan is a lead developer, project manager, tech executive, and degen investor. When not focused on building missing pieces of the ecosystem, he enjoys travelling around Europe with his wife and daughters. He’s always looking for an excuse to visit new places and would happily drive 36 hours just to have an interesting conversation in person.
0xean —Co-Founder
0xean has spent most of his career in finance developing large scale trading systems, and since 2017 writing solidity smart contracts. He has led multiple engineering teams, from small startups to large corporations and has a proven track record of growing engineering communities around open source projects.
SSDD — Co-Founder and Maths Lead (our Quant)
SSDD has a strong mathematical and scientific background. A DeFi native who loves building in this space, and contributes to open source projects.
Loki_VT — Core Team and Comms Lead:
As an early adopter of crypto with a strong background in traditional finance, Loki_VT is excited about the possibilities of decentralized blockchain to empower everyday citizens around the globe to better control their own financial futures. He has worked with some of the largest investors in the world and has a strong background in communications and business development.
Our project is not only backed by sound utility, given that the ElasticSwap AMM can deal with rebase and non-rebase tokens, but also a solid team with a clear vision for the future.
We look forward to you joining us on our journey and contributing to the success of our project.
Thanks for reading — Loki_VT
The future is elasTIC!
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Discord discord.gg/elasticswap
Website https://www.elasticswap.org
Twitter @elasticswap
Github https://github.com/elasticswap
Audit Report https://code4rena.com/reports/2022-01-elasticswap/
