Joined September 2022
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We're acquiring Pfizer. Umbrella is the first onchain mechanism built to acquire one specific public company: Pfizer Here's how it works: Anyone can buy $UMBRELLA at an 8-12% discount by paying in USDG. There's a daily cap. The protocol takes that USDG and buys Pfizer stock $PFE for the treasury. Every $UMBRELLA is backed by a share of that treasury. Stake your $UMBRELLA and you farm emissions. If the price drops below 1.75x its backing, emissions stop and the protocol starts buying back $UMBRELLA from the market. But this isn't another memecoin with stock treasury. We're launching a pandemic game where you develop viruses to earn Pfizer stock. $UMBRELLA stakers get Virus Eggs. Each egg hatches one random Virus NFT. You use them in the game to earn $PFE. (Game details will be revealed soon) The game and the NFTs are built around $UMBRELLA. Most of the revenue goes back into the treasury, which means more $PFE and more backing per token. Imagine if one of Pfizer's large shareholders is called "Umbrella" and it's a virus game that pays players in Pfizer stock. What happens when Umbrella keeps accumulating $PFE and takes a board seat? or it gets majority shares? The whole internet will be talking about it. More players join. The treasury grows. More $PFE gets bought. Rewards stay sustainable. Even more players join. We built the flywheel to acquire one of the largest pharma companies in the world. Hyper-gamblification of stock is just getting started. You're not bullish enough.
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can we listen to recorded x spaces in 2x speed please? @nikitabier @elonmusk
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