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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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28604663 No.28604663 [Reply] [Original]

Askobros post hopium here.

I'll start: https://medium.com/dorg-tech/askobar-commissions-dorg-to-build-tiered-lending-protocol-a8076ef02d86

dOrg is well renowned in crypto - google and see, they've helped build GRT, Balance, and eToro. The article reads as if they're basically writing the whole ass project, from front to back end, and given their track record this is a very vibrant green flag.

Aside from just having a good name writing the project, the protocol genuinely seems like a good competitor to AAVE (which has been astoundingly successful, as their token currently runs for 500 USD+). AAVE's unique selling point was their introduction of flash loans (google, will not go into detail here), but it seems that flash loan attacks have been successfully pulled off.

I would think is EXTREME fud and would kill their project, because flash loans are supposedly what makes them extremely desirable, yet it's held up fine. Seems a functional, but also SECURE loaning pool is very important in DeFi, so we'll see if dOrg delivers on the security front.

In terms of functionality, the article explains it quite simply, two loaning pools (high/low) risk. The high risk pool gets liquidated to cover insolvency or defaults in the low risk pool (hence high risk). Makes sense, fairly straightforward, hopefully executes well too.

This gives it a genuine leg up on AAVE and Compound, and has potential to be just as successful. Idk guys, I mean I know rugpull PnD's are tossed around here left and right, but this has the main keys in check - good team, good advancement on a proven to be successful idea (loaning pool), and their website preview looks legit.

We might actually make it.

>> No.28604730

It's slowly creeping up. Wgmi.

>> No.28604749

Anon, don't worry I own a big bag and at least keeping this till 80c which will be reached next week, I believe.

>> No.28604899

when you see a lot of shitty fud you know it's a good project.
I'm not going to lie, we already had several dips and comebacks, just put your money and don't check on it for 7 days, you will ignore all the stress and cash in 5x

>> No.28605126

>>28604663
Wagmi bros

>> No.28605275

>>28604663
The flash loan protocol worked great. The fact it could be used maliciously has nothing to do with the underlying concept.

>> No.28605535

comfy staking, not worried

>> No.28606386
File: 102 KB, 1064x658, Axia Halving.png [View same] [iqdb] [saucenao] [google]
28606386

>>28604663
Axia Protocol has a halving coming up in March with better tokenomics and at 500K MC and liquidity lock
https://unicrypt.network/pair/0x1e0693f129d05e5857a642245185ee1fca6a5096

>> No.28606461

sharing shit research I did, I think i will kms
https://pastebin.com/XsmUXPDc

>> No.28606518

>>28604663
this article is from august, how has nothing happened until now? seems fishy

>> No.28606823

>>28606461
There's currently another dorg member working on Asko. stan36

https://dorg.tech/membrane/
https://github.com/AskobarNetwork/Askolend/commits/master

>> No.28607286

>>28606386
gtfo and shill your shitcoin somewhere else axiafag

>> No.28608109

>>28606823
Holy shit then it's still on! So fucking gonna moon!
thanks anon, rope was kinda tight.

>> No.28608187
File: 67 KB, 640x640, IMG_20210205_205613_063.jpg [View same] [iqdb] [saucenao] [google]
28608187

Comfy with my 100k staking stack. Like clockwork we're going parabolic later today like we already have in the past. HNNNNGH

>> No.28608869
File: 18 KB, 1485x520, image_2021-02-13_16-41-42.png [View same] [iqdb] [saucenao] [google]
28608869

Looks bullish, strong support at around 30ct
some earlybuyers may still drop but we have good accumulating

>> No.28609830

>>28606518
they rebranded and focused on AskoLend since then. takes time and effort.

>> No.28610038

Whats going on with the volume? apparently its gone down?

>> No.28610651

>>28610038
Lotta holders on board
Marketing launch will see it go up again
It launches with mainnet launch

>> No.28611280

>>28606823

sick.

>> No.28611428

>>28604663
I earn more money from working at McDonald’s, stay poor fags.

>> No.28611551
File: 640 KB, 750x1000, image_2021-02-13_162021.png [View same] [iqdb] [saucenao] [google]
28611551

>>28611428
okay wagie

>> No.28611624

>>28611551
I own a majority of the company.

>> No.28611695

>>28611551
Trust me, my dad used to work here too.

>> No.28611911
File: 536 KB, 1375x645, image_2021-02-13_162537.png [View same] [iqdb] [saucenao] [google]
28611911

>>28611624
sure you do bud

>> No.28612185

>>28608869
Where did you find a candlestick chart for this? Maybe I'm retarded but I can't find it. Is it coinbase?

>> No.28612269

>>28612185
https://www.dextools.io/app/uniswap/pair-explorer/0x63804d757b5b7c43509fded8f7ce10cc0bac2ae0

>> No.28612434

>>28604749
If you believe the project is legit why tf are you only holding until 80c?

Screams pump and dump

>> No.28612460

>>28610038
Only people buying and selling are swingies.
Everyone else is either staked or simply hodling.

>> No.28612549

>>28612434
>poorfags trying to take profits on a successful investment
>pnd
there's nothing wrong with cashing out when your profit target is hit. in fact there is everything wrong with not doing so.

>> No.28613000

what time is mainnet coming out?

>> No.28613107

>>28613000
5-8plm PST

>> No.28613125

>>28612460
wish I could stake but gas fee is as big as my stacks

>> No.28613199

>>28613125
supposedly tongight pst

>> No.28613315

at what time are gas prices lower? put 50$ into this shit at 10c hostly just wanna take my profit but dont wanna pay 70$ for gas, thats crazy.

or i guess im in this for the long haul, either it gets dumped or i x15

>> No.28613345

>>28610038
look at the staking % lmao

>> No.28613623

How much time after mainnet will it be before the dump begins?

>> No.28613776

>>28613315
1am PST is usually pretty good, around $35 gas

>> No.28613910

>>28612549
That's exactly how you stay poor.

Why would you believe you are this early and then sell after only 3x from now at 80c? Kek. It's a scam.

>> No.28614119

>>28613910
>manage your investments in a sensible manner, ensuring consistent growth of your portfolio and ensuring reasonable risk management
>That's exactly how you stay poor.
I don't think you understand how this works. sure if you are lucky enough your project of choice will 50-100x and you will become a millionaire, but I'd much rather take a bunch 5-10xs and limit my losses than stake everything on a couple moonshots.

>> No.28614291

>>28614119
you can just take smaller profits anon and keep your position in case it really does go to the moon

>> No.28614472

>>28614119
Pathetic. This is why you are still poor.

Imagine believing a coin could 1000x and selling after 5x.