/biz/ - Business & Finance

>>52629377
Not a chance, scammer

>statistics provided by vela
>6% circulating supply
>multiple buyers in +5x positions
>broken website
>competition chasing
yeah I'm thinking it's a buy

>>52629377
bump

I’m intrigued

>>52629377
checked but STFU not done buying. Fucking retard GMX/GNS holders thinking their coins will do anything more than a 2x in the next 6 months during a bear yet Vela was at $2.2M mcap last week! Lol. They haven't launched yet their perp on arb either so just imagine just on launch how many x's this thing will print. In the meantime GNS yo-yos between $3-$4.

>>52630505
holding 7000... will I make it bro?

>>52630509
Definitely. 10x is all but certain between now and launch end of december. Then just swing a little and by back after the launch dump and stake your rewards. In a year 100x from here is more than possible.

anyone have a concise write up or is it just gonna be generic telegram shillposting. at least gns/gmx fags have actual talking points a real human would be interested in

>>52629618
it's actually close to 10% circulating.. and it will be 5 years before even less than half the supply will be emitted emissions are insanely low and this will be a highly coveted coin just watch champ.

Multiple buyers with 5x positions? Is this a real fud/argument? You could find any project that has been successful with a much larger gap in not only top holders but most would be up 100x.. it's trading like 10% over IDO LOL nice argument.

Broken website? It works just fine and their OTC platform is by far the best in all of crypto.

Competition Chasing? Yes yes they are.. The UI and trading tools blows the competition even GMX away.. Not to mention it's been the best performing perp platform coin over past 3 months go check coingecko and compare mongoloid.

>>52629377
I saw this shilled in Dogira TG by two retards who bought the cycle top and sold the bottom
Not falling for this one

Real yield is the new narrative. Biz will miss this

>>52631419
tigris.trade

>>52631546
LOL no thanks jeff

There is only 3 serious competitors in this space gmx gns and vela (dxp)

>>52631583
>Vela
>Serious
It's not even live yet don't get ahead of yourself

>>52631591
ok yeah then just wait and buy when it's 10x more expensive when everyone has had a chance to see the platform in action in less than a month via beta. Early alpha users which there was 100+ people who tried it loved it. Just keep watching.

>>52629377
checked. I've been watching this increase in price since it was first shilled in here and only now starting to think about an entry. I noticed that the price increased each time Vela was mentioned by the official Arbitrum account, have they got another AMA on the way like the one in the link below?
https://twitter.com/arbitrum/status/1590413903795724291

>>52632290
yeah they have been getting officially endorsed by arb team and set the ama record by like 10 times the normal amount. I am pretty sure they have another coming soon. People will shrug this off like GNS when it was below a dollar not long ago and broke $4 recently again. Basically I would be absolutely shocked if $DXP is not $2 + by end of Jan

>>52632312
1) when's the ticker changing from DXP?
2) if I buy now, do my tokens change over automatically or do I have to do some bullshit?
3) how big are your bags? they sound heavy

The on-chain perp platform trade is over, GNS and GMX are currently fairly valued if not overvalued for the volume that they do. No doubt they will continue to steadily grow and their respective tokens will appreciate in value, but the price discovery aspect is over and smart money is already moving onto the obvious next narrative which is on-chain options. Premia is the most advanced and undervalued and the only platform which distributes fees to token holders. Real yield.

You didn't hear this from me.

>>52629377
>decentralized exchange
>fiat onramp
where's the PROOF

>>52629618
I agree it looks shit now but the mcap is just so low that when perp DEXes take off and people get completely priced out of GMX and GNS and look for smaller mcap it could fucking explode 100x easily, not throwing $500-1k is just irresponsible imo
>>52630505
GMX and GNS are the guaranteed 10x during bull market, DXP will either 50-100x or bleed forever

>>52632626
>the only platform which distributes fees to token holders
literally everyone on this bread knows this is not true fuck off

>>52629618
actually made me kek

>>52629377
Fuck off scammer

>>52632626
>lying
>anime
really good start retard

>>52631546
Fuck has and this price of shit the vaults getting drained because devs are so fucking retarded. No spread oh yes let's get manipulated by bots. Fuck you haz. Fuck you Telco.

>>52633862
>>52633710
It's true, why are you so upset?

>>52632626
try making the next copypasta not filled with lies anyone who owns GNS or GMX spots instantly
.t make $10 a day minimum staking GNS

>>52636142
Try working on your reading comprehension and realise that I am obviously referring to options platforms.
>$10 a day
I make $110 a day staking Premia.

>>52633630
got a bag if only for this shit..if this rugs I will hunt you down and rape you

>>52636284
Mate who is doing options for crypto coins? Lol. People can barely leverage trade and you expect the decentralized options market to be the "next narrative" that takes off? Not to mention Premia is down 95% from a year ago. Meanwhile GMX, GNS and VELA are all up since launch meaning they and the perp narrative is hot and still hot. Your whole theory falls entirely flat. I will be tracking Premia since you mentioned it but theres no way that thing pumps harder than Vela when Vela is half Premia marketcap and hasnt even launched yet lol.

>>52637328
>Mate who is doing options for crypto coins?
Enough people to generate 40% APR in trading fees and it is bound to only go up with the v3 protocol upgrade scheduled for Q1 2023.

>People can barely leverage trade and you expect the decentralized options market to be the "next narrative" that takes off?
People have been leverage trading since 2018, and options trading on Deribit became big in 2019/2020 and every large CEX is looking to expand into options because in case you didn't know the market for options is fucking huge in tradfi and the latent demand for them in crypto is there.

>the perp narrative is hot and still hot
GNS APR is down to 3%, doesn't even beat inflation. GMX is a little better at 9%. Both are fairly valued, the narrative is priced in, it's too late for significant multiples. Likewise I will keep an eye on VELA to see it if delivers on being more than just a fork of existing established protocols. The advantage of options and Premia in particular is that their AMM options model is the first of its kind, there is nothing like it. There isn't an established competitor that it needs to prove itself against and siphon users from.

> based on solana

no thanks

>>52631546
NFT sale soon!

>>52637734
Isn't APR based on volume? GMX volume is massive compared to Premia yet still gives a comfy 9% I agree GMX isn't going to 5x anytime soon but in a bull market I think it easily could have and more. GNS might 2.5x from here but I doubt it does more than that. Either way I agree I would get some Premia since it's down so much from ATH but at the same time I just don't see it 10x ing anytime soon and I never care about APR as I am a shitcoin flipper. I need x's

>>52637842
APR is based on volume and therefore protocol fees. You can't compare futures volume to options volume they are completely different, what matters are fees paid by traders. You can use volume and protocol fees, and hence APR, to determine how valuable a protocol is. High APR implies that it is undervalued, low APR implies that it is overvalued.

>GNS might 2.5x from here but I doubt it does more than that
Why, because then it would be at GMX's marketcap? Stop thinking in terms of marketcap and start thinking in terms of how profitable a protocol is. This is what separates fee accruing tokens such as the ones that we are discussing and worthless governance tokens that provide nothing to holders and which therefore bleed towards their true value of zero accordingly.

Premia isn't undervalued because it's down X% from ATH, it's undervalued because the revenue that the protocol generates is too great for the current market value of the protocol. It's also undervalued because the market has yet to price the upcoming protocol upgrade and all of this is made apparent by the APR, I'm not just making this up. You don't have to stake if you don't want to, but you can be sure that others will and price will accordingly appreciate until a fair valuation is reached.

>>52632478
This

>>52632478

1. ticker is changing once the perp exchange goes live sometime in december.
2. You will have to swap DXP 1:1 to receive Vela. There is no deadline to swap. Up to you.
3. IDO price was around $0.40-$0.45....meanwhile Dxp dumped to a low of $0.25 with the FTX crash few weeks ago....aka no ones bags are heavy, almost everyone who bought before today is in profit and Vela is still under a $5M mcap lol.

>>52638163
> Why, because then it would be at GMX's marketcap? Stop thinking in terms of marketcap and start thinking in terms of how profitable a protocol is.
You're right I am thinking in those terms only. I wish I could be a stake whore but my stack is not big enough to make any sense chasing % apr when x's are what I need. I agree with what you are saying as well but firstly we are in a bear which means fair apprasial of protocols and projects will never be 1:1 or even close to it. Premia may very well be undervalued but because of market conditions this won't mean it will pump anytime soon. The only thing that matters is hype/narrative in these times of stingy profits. I fear before the hype comes for the options narrative it will continue to bleed. Still I'll be DCA'ing thanks to your shilling no doubt. Still not totally convinced crypto options will ever be a thing. I know how big the options world is but for crypto tokens? I don't think the demand and the market for this has been figured out yet. Crypto bros are too stupid.

>>52638893
Interdasting

>>52638893

how to buy brotha

>>52639892
Uniswap

7% of total supply goes to the public. Is this not the definition of a vc scam?

>>52639892
Uniswap on eth or netswap on metis

I made this thread when dxp was like .55 or something yesterday it hit nearly .80 this morning.. this is a ez 10x from here dyor

Feeling quite comfy with my dxp stack plan to accumulate till $5

>>52638163
idk how you come to conclusion there's no profit left in perp unless you only consider bear market. both perp and options will be huge next cycle, imo perps will be bigger as they're easier to understand but you're right options are big in tradfi. even last cycle fucking dopex hit over 600M mcap on pure hype while no one actually used it. also
>Premia is the most advanced and undervalued and the only platform which distributes fees to token holders
>DPX - vanilla governance and PROTOCOL FEE ACCRUAL TOKEN
explain this

>>52640032
NGMI

>>52640084
based

>>52640104
There is profit left and I hold GNS for this reason but they're already taken off and options haven't so there is more profit to be made. I'm gigabullish on onchain derivatives in general just shilling Premia because it's undervalued as fuck and nobody is talking about it.
I guess copex started distributing fees but their volume is so pathetic that it's negligible.

7% of the DXP supply includes an amount to seed/private aka VCs or angels. VCs seem like they get a small chunk and majority goes to community.

Project hasn’t released so not proven but the team seems good. Will definitely be following them to see if they deliver.

Do you think this will reach gmx's MC? Why or why not?

>>52640426
One thing I question about all these derivatives onchain is like anyone can just make a clone/create their own derivatives platform. The UIs are so similar that they might as well all be the same. The contracts all do the same thing. Could there really be a market with 50 of these types of projects like we have all those L2s or dexes? I feel like by the time the next bullrun happens Binance and big players will just make their own perp onchain tokens and the market will be flooded. Thoughts?

>>52640801
all else equal, first movers with decent incentives attract the most liquidity which sticks around due to familiarity, trust, network effects etc.
different options maturity schemes (euro/american), maturity date flexibility, fee capture, and effective loss protection for underwriters will probably decide the winners.

>>52640297
But why only 7%? I'm gonna buy and will activate nuclear codes if your name really is Michael from Saudi Arabia

Vela will be a top 100 coin by end of 2023 mark it down. Check out their latest tweet . O lord im about to bust

>>52642105

i just did some research about this topic.

so you can trade your coins and nft's there right without losing too much money when market selling huge amounts.

But what about bots? they are gonna take over the good trades between users anyway.

>>52633630
where buy?

>>52639932

thanks i just bought a small bag

>>52636142
Real yield projects are beginning to turn heads in this DeFi space, with GMX and GNS getting the most attention, i will be betting on Spool to do well also.

>>52642279
Uniswap (Eth) or Netswap (Metis) ..

Would like to point out that DXP/VELA has absolutely crushed all over perps performance wise over past 3 months been tracking every single one of them on coingecko in a perp portfolio

Just checked chart kicking myself for not being able to get more. Waiting on goybase to clear my 10k deposit from Wells Fargo

>>52643788
you got time anything under $5 is honestly stealing if your dyor you will see what I am talking about.

approaching $0.75.. was $0.55 when I made this thread about 2 days ago.. cya at $1 by Friday

>>52633630
I'm holding GMX. A good token to hold. Loop might go 50x looking at the products on Juno

why do people say they missed out on GMX? Its not even in top 100 market cap and there are many shitcoins that have no use case that are up higher in the past year.

>>52629377
HAHAHAH do you want me to buy a $1 token????? What are you a fucking retard??? It's better to buy something below cents so it has room to go up. You guys definitely like to burn money lol

>>52629377
Has anyone here bought YDF? Thoughts?

>>52637328
Bait.
Everyone knows kikes are evil now and in lockstep with esg/wef/NATO/china.
I'll never respect a cex user again while gns/gmx functions fine. Banks and cex are a thing of the
past, they only fuck things up for everyone

>>52646932
kino

>>52629377
Gtfo!! Only buying assets with real life applications that has gained attention following the events in the market.Privacy, security, safety, and defi projects already established not some normie project not yet launched

Idiots, you're buying a token that is already 60 million mcap fully diluted. You're not even close to earliness. Besides, what about the supply? 6 million total supply but 100 FUCKING MILLION max supply? LOL baggie you're going to be so dumped on.

easy 50x from here

>>52649575
>easy 50x from here
NO. Fool. Look at the fully diluted mcap. It's already over 60M.

>>52649649
so what!!? DXP seems profitable

>>52649711
>so what!!? DXP seems profitable
How the fuck is a 50x easy WHEN IT'S ALREADY 60M MCAP? 60M x 50 = 3 BILLION. Are you saying it's "easy" to get into the Top 20?

>>52649770
what would you suggest DXP evolution will be ??

>>52649770
easy 200x from here

GMX only did a 3x.... WHAT A FAGGOT OP

>>52649649
I can tell your a salty perp holder of a rival vela has blown out. The max supply would be like 10 years+ out to reach emissions are insanely low compared to your inflationary garbage your probably holding. Dxp/vela token will be insanely coveted in the future. Your fud is garbage tier

Imo 10x minimum from here with potential up to 100x. There is some jewfags above trying to scare people with total supply numbers that if they did any basic research would see that's been addressed and a nothing burger.

the thing that caught my attention is that orangedao invested in this shit...ex yc guys

>>52646302
>approaching $0.75.
not anymore lol.

>>52649770
>Are you saying it's "easy" to get into the Top 20?
not saying vela every will be but don't need to be top20 to get to 3b mcap, check historical snapshot of last cycle peak, anything in top 100 was >1b, top20 was >15b

unidex is like this but better

>>52646932
Best one on this thread. But let these fuckers rot. YDF is going to be fucking huge.

>>52642698
You didn't buy anything. post a screenshot.

>>52649770
I haven't bought any but that seems like weak fud

>>52653309
>I haven't bought any but that seems like weak fud
I said FULLY DILUTED MCAP. It's 60M.

>>52653352
Any idea what the release schedule would be for the full 100m tokens? Didn't see it in the wp

>>52653246

why should i larp topkek

>>52653842
that size is a larp by itself

>>52655265

not after 100x

Bought into GNS back when it was GFARM2 at around $0.60. This has my attention, will look into it. MC is not as small as some people are making it though. A good platform is worth investing in regardless though.

>>52653418
Join their tg/discord it's been asked only 3000+ times and answered. Basically you would be looking at over a decade basically to get to max supply. This is not some inflationary garbage coin it's super low emissions and scarcity.

>>52629377
The next big thing to watch for is whatever does cross chain leveraged dex on ICP. The GMX of ICP will be huge.

>>52652574
Lol ydf is peasant tier. Only big 3 are vela gns and gmx all the others are light-years behind and will fade away. Go compare what owning dxp vs ydf over past last 6 months would have yielded you. Stay salty and wrecked with ydf trash

>>52655821
Gns still worth it now?

>>52646932
The next big thing to come are prifi assets

>>52648891
then you should be stacking up some sylo

>>52629377
I am done with some shitty exchanges. Self custody is all I do now

>>52656306
tigris.trade ; so under the radar right now. the past two months have been going insanely well for something they have basically been testing in a mainnet. once they get all the kinks out and upgrade to the new ui, ud better have 1 NFT

>>52657260
Of course are you joking around, join the tg (Inb4 tg haters (you) me) And watch the on-goings, not for a day, not for a week, but for a month or so and you'll easily see. Seb is building more than just gTrade. That's why it's gains network, it's going to have all sorts of things built out/on top of it. And if you see the community it's pretty gay my friend.

So many poverty perp platforms being shilled now in this thread. The reality is if you look at performance over past half year basically only 3 of them have done anything at all in the best have been in this order 1. $dxp vela 2. gns 3. gmx.. the rest are hot garbage tigris is a joke not gonna even entertain that one. ydf is lightyears behind the top 3.. The space is too crowded only 2-3 will make it big and my bet is on the listed above. Vela has not even launched and they shattered ama attendance records for arbitrium everyone including arb team can see how special VELA will be their trading products and UI coming out of early alpha just are lightyears ahead of the competition. Anyone not buying a bag will want to rope in a year. Been making this thread for months and you would have cashed big following my advice

>>52658693
tigris is going to scoop all the icy piss traders tho and that’s all it really needs. the fees are split evenly to all the nft owners. there’s only 606 in circulation and 10k total. it’s so capital efficient the apy was estimated at 300-400% during the last trading comp. comp avg only 5mill volume/day… once this takes off the people that took the risk and got nfts are going to be getting paid.

>>52655821
How is the marketcap under 5M not as small as people are making it? IDO was 0.50. Private sale was $0.35. It was at $0.25 last week. I can't think of any project that's $5M mcap or under that is this promising that hasn't been -95% since the bullrun ended. That's the other thing. This thing launched in the bear which is means if it gets a hype pump lots of sidelined traders will jump on it since everything else is underwater and they all used up their hype cycles during the bull.

>>52656306
kek pathetic that you ask this shill question so tigris shill (probably you) can answer it for you. Either way for the upteenth time no one is using ICP ghostchain. Please ICP bros stop deluding yourselves. Normies will never use that shit.

>>52659314
intelligent biz poster.. there are certainly some out there that's why I like this place but also alot of mongoloid mouthbreathers. let them buy lesser tier perp platforms or dog coins and wonder why they "didn't make" during the next run..

>>52629377
this "he" you speak of tends to miss everything

>>52659327
Unfathomably based

Also been following perpetual platforms for a while real yield narrative is the next big thing. Vela team so far has done a incredible job they seem organized and put out constant updates that have always been quality. Also think seb at gns is solid