Yah, a bit late off the gate, my defense is that when I did want to use uniswap in the past - and before the airdrop date - my metamask was stuck with like 8 transactions and wouldn't let me do anything even paying fees as high as $20. I wasn't motivated enough to just jump on another address to use it so missed out on the UNI drop and honestly never had much time to look into DeFi's in general with all the other things that were ongoing on Hive and needed my attention.
Lately I've been interested more and more in artists posting on NFTShowroom and on ETH platforms such as makers place and rarible. Been following more and more artists on Twitter and this is how I stumbled upon this new DeFi that I decided to put some money in.
Here's now where I'm going to take the time to let you know that this is not financial advice, yes I know I recently tweeted how I'm getting tired of people overusing the "this is not financial advice" constantly but trust me, I have no idea what I'm doing here.
All I saw was someone mentioning a new DeFi that somehow was planning on connecting NFT's with DeFi and considering the market was turning around with DeFi's leading the herd and NFT's for good reason getting a lot of attention lately I had to check this one out. Only thing I got to read before I decided to throw some Hive at it was "sold out in ~10mins with 900 eth hardcap" and that it was listed on uniswap just 30mins ago so let's yolo.
Like usual eth fees sucked ass.
Even with 4$ fees they kept failing on me, as price kept going higher and I missed my $20-25 entries I was like "fuck it", went on advanced and entered the tx fee manually 3x as high as I needed it to. Ended up paying 7% of the full investment in fees, good game eth. When I invest I tend to invest for a bit longer though so didn't mind it that much but these fees are not going to encourage me to invest more if there's more dips incoming. The chart has been quite fun already, though, I have to say. I got in at $27 and this is the action that's been happening since.
The pre-sale price was 0.03eth per nfy meaning about $10, so $27 is a bit high up there considering this is barely 2 days old but with all the hype and pumps going on right now I figured it might be worth the long game to get in now and forget about it for some time. Although I am planning to add my NFY and some ETH into the liquidity pool for staking when that is enabled (in 2 weeks or so I think).
So if you're interested to read a bit more on it and maybe throw some money you can afford to lose at it if you like the idea or think it's unique enough to get somewhere, here's the website which I have to say you have to love the looks of 🤣: https://nfy.finance/
Some more info:
There'll only be 100k tokens in total (I think), 30k were sold in the pre-sale. Some of it will be locked here and there, some added to liquidity and some used to buy back NFY. Honestly you better DYOR cause I don't have much more time to get into it.
Figured a good time to diversify a little at least into DeFi and why not get into something new, fresh and sort of a unique idea that could evolve into something nice. The dev is not anon and seems to have a good reputation from the past, volume has been really high since the uniswap listing, after 24h it will surely get in the top20 of tokens on uniswap from volume alone.
Might be worth a dice roll, make your own decision. I'm planning on using most profits to just buy back more Hive in the near future so if you happen to make some profit off of this then that's great.
Good luck, don't go full degen! 😋
Keep an eye out on some good dips due to low liquidity if you planning on placing something into this and watch out for the 24h token page update on uniswap if that gets it more attention and a pump~
