As of a few hours ago we have seen an announcement from Baoman stating what is coming up with the proposed changes and updates to the roadmap.
Here is a link to the post on their website:
gov.bao.finance/t/bi...hard-synth-alpha/951
Points I will point out is:
-Looking at delaying unlock of the locked BAO from December to 6 months after HArd Synths and veBAO have been released. Expected to be June 2022 given all the releases of products stay on track...BAO has a good track record of hitting release dates of products but this could also push the date back later as this is not a defined date. In either option this does address the issue of dilution and people in the community dumping their unlocked BAO instantly tanking the price which causes the community to move elsewhere especially while other projects are pumping in price. (On a side note...in bull markets it seems like a hard to innovate as people are so focused on price and making quick money)
-My main point...Hard Synth test which is confirmed to be on mainnet which means that BAO does need to be burned to create the Hard Synthetic.
With Hard Synthetics around the corner and if this proposal goes through to delay the unlocked BAO 6 months after Hard Synths is out I believe this project has huge use case potential.
I'm not sleeping on this project as I believe the team is working hard to release a product that doesn't exist yet in the synthetic asset class.
Do your own research and read through all the docs that Bao Finance have provided and through the official channels aka Discord to get information from the team.
I'm looking to be more active in the community soon as I have been a bystander for a while so lets potentially witness a sleeping giant awaken.
From a TA perspective I will be looking to see this uptrend continue and will be looking for 0.000418 price to be broken before 0.00028475 to get another confirmation that we are trending upwards. I have a date of 27th DECEMBER 2021 which is where I have a pennant ending where I assume we will see a huge volatile candle up or down. On my graph the top line is a trend from February so if that breaks I think there is going to be a lot of hype from the ta community trading this to the upside...let's just wait and see what happens.
Rant over.
Here is a link to the post on their website:
gov.bao.finance/t/bi...hard-synth-alpha/951
Points I will point out is:
-Looking at delaying unlock of the locked BAO from December to 6 months after HArd Synths and veBAO have been released. Expected to be June 2022 given all the releases of products stay on track...BAO has a good track record of hitting release dates of products but this could also push the date back later as this is not a defined date. In either option this does address the issue of dilution and people in the community dumping their unlocked BAO instantly tanking the price which causes the community to move elsewhere especially while other projects are pumping in price. (On a side note...in bull markets it seems like a hard to innovate as people are so focused on price and making quick money)
-My main point...Hard Synth test which is confirmed to be on mainnet which means that BAO does need to be burned to create the Hard Synthetic.
With Hard Synthetics around the corner and if this proposal goes through to delay the unlocked BAO 6 months after Hard Synths is out I believe this project has huge use case potential.
I'm not sleeping on this project as I believe the team is working hard to release a product that doesn't exist yet in the synthetic asset class.
Do your own research and read through all the docs that Bao Finance have provided and through the official channels aka Discord to get information from the team.
I'm looking to be more active in the community soon as I have been a bystander for a while so lets potentially witness a sleeping giant awaken.
From a TA perspective I will be looking to see this uptrend continue and will be looking for 0.000418 price to be broken before 0.00028475 to get another confirmation that we are trending upwards. I have a date of 27th DECEMBER 2021 which is where I have a pennant ending where I assume we will see a huge volatile candle up or down. On my graph the top line is a trend from February so if that breaks I think there is going to be a lot of hype from the ta community trading this to the upside...let's just wait and see what happens.
Rant over.
Comment:
We have gone to the upside of my triangle and are sitting on the edge. If we manage to break past 0.00055 then I would expect BAO to go for a run as it will be confirming a break of the trend since February.