someone send me a link?
https://docs.ergoplatform.com/ergo-foundation-2022/#treasury
Analysis 101... How much money does the client have? $100,000 Cool, let's ask for a million!
Thanks for this info, i'll send it to the team and re-work the deal.
Tbh our deals are based on markep cap, obviously the mcap of a coin doesn't reflect its treasury but that information isn't always easily accessible.
[@wombo22] Possible for a trial to be done without a loan, such as your team purchasing erg your self to demonstrate your capabilities?
@koutelier sent a tip of 1000.0 comet to @FlyingPig_69!
Can you do $COMET ?
How come? You made a proposal and an analysis. Would think that this should have been known.
Ergo has some really smart people
Unfortunately we can't do this as it's taking too much risk on our side what is not a guaranteed deal, we've tried it in the past but it's not a sustainable business practice.
I did attempt to search, i'll admit my searches aren't as in depth as they could be but i do talk to several projects at once. I'll also admit i much prefer to outright share information with the community and work out the deal in chat, it provides more input and insight.
Erg is one of those unicorn project. Be one of those angel investors. I'm just quoting this from a show I watched.
[@liquid_phase] do you match the staked million with equal value stable million value - and then if erg price goes up 10x you'd give back 100,000 erg instead of the million erg loaned at 1.00 erg?
haha trust me if i was in charge of this decision it'd be different but unfortunately it's not my call, we do something called a lottery system, i can discuss that with the team.
we give back the exact amount of ERG borrowed.
[@liquid_phase] so 1 million erg borrowed at erg value of 1 dollar, youd give back 1 million erg in the repayment, even if that 1 million erg was then worth 10 dollars each
If someone tries to sell my company something and hasn't done some basic research I'm out before we even set up a meeting to discuss price......just sayin. But maybe you can get something going so keep researching...you might end up buying some erg in the process.
Sigmafi can be used somehow ? If you believe your marketing will be good then you take a loan you do your marketing and repay later ?
that is a fair point, i'll make sure to refine that process going forward. Thanks for the feedback.
How then? They still need to enter the ecosystem. Can multiple user interact with one smart contract to fill the 400k erg?
I don’t know bro , I thought someone else would explain how can be done lol
So how does your company gain income from it? Genuine question
I don't think so. They need to interact with AGEUSD. Like they want to borrow 400k Erg they need to post a collateral of a mix of SigUSD and SigRSV. At least everything is done on chain and you don't need an escrow to do it.
AGIX made a similar deal
I think you could just take your offer and post it on SigmaFi.App. Ergo specializes in the only fully decentralized bonds in existence. Please also read our manifesto: https://ergoplatform.org/en/blog/2021-04-26-the-ergo-manifesto Also, our core Dev says this is the accumulation phase for erg. Please load your bags before March 2026, that's when emission reduction ends.
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