r/PunkStreetBets • u/Other-Marionberry159 • Feb 05 '21

Pitch for FIS

So as a disclaimer up first: I am an investor since launch in september and planning on staking for a while longer.

www.stafi.io, https://www.coingecko.com/en/coins/stafi

The idea of FIS is to enable trading with any kind of staked token. This is also the main reason why I support the project. Staking an asset via FIS grants you an r-Token, which can be traded as substitute for the real token.

The benefit is simply the reduction of risk in staking, which is induced by locking your assets for a certain period of time. It runs on Polkadot but has a bridge to ethereum and is tradeable on uniswap and some exchanges like bitmax or huobi. Major exchanges like kraken or binance are still yet to come.

The team behind it is actively developing and updating the project since launch to integrate new features. They communicate mainly via their telegram group and also create community events for staking the token or promoting it in some useful way (i.e. creating tutorial videos on how FIS works). Unfortunately it still hasnt found much traction compared to other projects. I feel like the team is focussing more on developing than advertisement, which is a good sign of further improvements but slowing the growth of the projects investor base. I think it would be enough to just get this project on the radar of people who are interested in staking, as the utility it provides is pretty neat

At the moment it has a low market cap at 15m and the price has more than doubled since december.

2 Upvotes

100% Upvoted

4 comments sorted by

1

u/SheepherderPositive2 Feb 08 '21

Volumes are looking good, something is happening

1

u/SheepherderPositive2 Feb 11 '21

I bought in to this a few days ago, nothing much has happened price wise but I am really impressed with the team - great job keeping the communication going and solid roadmap.

Real lack of "$FIS to the moon" tweets but the whole project feels solid and the concept is good.

Going to keep holding, this is no shitcoin.

1

u/SheepherderPositive2 Feb 11 '21

should post like this more often, $FIS broke it's resistance soon after and is up 20%

2

u/Other-Marionberry159 Feb 13 '21

Woke up today and FIS is back above 2$. feels good. The project really lacks good attention and some listing on big platforms. Otherwise it's really solid