/biz/ - Business & Finance

>>53896668
>3 million supply
First off its 30 million supply OP.
>Performing badly
10x in 8 months = bad... sure
>Release on mainnet ethereum?
Trading would be too slow.

>>53896771
Apologies, 30 million yes.

>10x in 8 months = bad... sure
True

>Trading would be too slow.
Regardless, there will be demand, if it doesn't affect the network in bad way why not?

So when do you think this will go to $200 level considering the total supply, that's possible right?

>>53896810
>Regardless, there will be demand, if it doesn't affect the network in bad way why not?
eh i doubt it would even generate 1 mil volume per day. its just not worth it to the devs to do it

>So when do you think this will go to $200 level
If it does it will be when the next marketwide bubble happens, maybe a year or two. Until then it will probably steady climb up to $20-$30

>>53896841
>eh i doubt it would even generate 1 mil volume per day. its just not worth it to the devs to do it

It seems like a missed opportunity. I do agree, it will be slow and pricey. They probably should make some sort of bridge that allows people from mainnet to deposit directly without having to manually move their funds to arbitrum or polygon then do the deposit there. Just make it seamless like DYDX.

>If it does it will be when the next marketwide bubble happens, maybe a year or two. Until then it will probably steady climb up to $20-$30

Not a bad investment at all. I do think $8 is well undervalued price.

>>53896810
you seem new to being a farmer
let me tell you that there were days where traders coming to the farm needed to use main net
no one liked it
so we are here.
educate yourself
come by the discord
theres no friendlier community

it's overvalued. 4-5% apy is not impressive and worth the risk of drawdown

noobs about to get rekt because they've never bought a fee capture coin before and have no idea how to properly evaluate its value

if the coin drops to about $2.65 apy then goes up to about 12-14% - much more attractive. or if platform volume can triple overnight

>>53897365
>tells people they dont know how to properly value it
>doesnt even value it in his own comment
please oh master trader tell us the formula and the proper value

>>53897698
present conditions, which are of course variable, $1.50-$2.00 is an appealing price

but really you have to look at the conditions at the time when it gets to roughly those levels. whats the apy, the inflation(or deflation), how's volume on the platform, upcoming catalysts, etc

and remember the market isn't rational, it can go much lower than those levels just like it can reach much higher than rational levels(like $12 on a binance listing)

>>53897788
>$1.50-$2.00 is an appealing price
i didnt ask what price you wanted. 1 cent is also an appealing price to latecomers. you just listed a bunch of things without an actual formula so clearly you dont know how to properly value it either

>>53897365
>>53897788
> $1.50-$2.00 is an appealing price

you're hilarious, best you'll get is $6

>>53897810
okay you're not interested in learning anything, have fun
>>53897831
you've never owned a fee capture coin before and you're about to get rekt. 5% apy sounds really great until your position suffers a 50% drawdown. it's okay you'll learn

>>53897859
>okay you're not interested in learning anything, have fun
lmao nice deflection, ive been in crypto 6 years and have made a ton of money. what you said essentially amounted to "well i look at some stuff and then I just feel what the price is" which is not a "proper valuation" as you stated before

>>53897859
You're priced out and low IQ, it's obvious.

You think a fair price is $1.50, so a mcap of $45m? In the last 6 weeks GNS has made $5m in fee's. That's close to $45m a year in platform profit. In what universe would a business be valued at its single yearly profits. Like the other anon said, you're a latecomer and randomly chose a price that you would want to buy at. Priced out cope and seethe.

>>53897922
cryptos do not exist within a vacuum and must be compared to competitors(here, we're working within the niche of fee-capture coins) in all attributes continuously as conditions shift

if you've done no such comparisons as the price has risen from sub $1 to $12 you're effectively asleep at the wheel.

>>53897983
businesses don't typically give away a massive portion of their fees to liquidity providers(referring to the dai vault here)

>>53897983
When have fees/user count ever mattered in crypto? Never. If that's the very factor you use to value a project, Uniswap should be priced at thousands now.

>>53898103
>if you've done no such comparisons as the price has risen from sub $1 to $12 you're effectively asleep at the wheel.
why are you making shit up that I never said? of course i read the market just like you. do you think you're the only one who does SWOT analysis? you boasted about having some proper valuation, but you yourself didn't even provide one. at least the other anon brought up some numbers and showed you why your valuation is dubious at best

>>53896668
Because the platform is shit

>>53897365
>5% APY for a random fee capture token when staking ETH gives 7.5%
kek

>>53898153
then you're ahead of most, well done. clearly the majority of people buying above $6 haven't done any analysis or simply don't understand how.

it's an art, not a science

>>53898190
this guy gets it

>>53897983
/thread. Rest of you are retarded. Stick to $DBI or $dogshit, it will probably do a 10000x

>>53898247
>this guy gets it

then go buy eth and stake it, what's the problem? another coin has lower APR? so what?

oh wait, you desperately want in gns and have probs been watching it for months continue to go up, each time you say "its ok it'll dip", but it doesn't. and here you are saying "its okay it'll go to $1 soon". cmon dude lol

>>53898183
Eh? Why is it shit? Genuinely curious.

>>53898405
Have you tried using it?

>>53899293

Users love the platform and it's been improving with UI updates every week and big updates every few months. What's the alternative? Tell me where you trade on a dex that's superior?

Are you a Tigris cuck?

>>53899293
>Have you tried using it?
ngmi, retard

>>53896668
>Why won't they release on mainnet?
GFARM2 was oricinally ERC20

> t. Sold 50 tokens at $100
I want to die

>>53899942
i fudded the fuck out of this a few months back thinking it was a rug

>>53898247
analysis is for speds who cant feel the essence of the market simply by reading 4chan and then checking whitepapers and gits
took juicy profits on like 5 coins doing this since i came here 3 years ago, GNS will be the 6th
>not selling untill 15m GNS supply

>>53900432
>15 mill gns supply
fren, your vibe is off.
itll be over valued when we are in a bull run and APY for SSS is 1-2% but DAI APY is over 10%

>>53901028
price targets and top bullrun mcap predicitons?
im thinking $1000 and 25B

retards just buy VELA

>>53901293

Absolutely not. Farming tokens with volume washing is hella gay and unsustainable. Vela holders gonna get slow rugged can't be me.

>>53897859
lol youre a loser. zoomers are such prissy fags

Because it requires l2 (polygon and/or arbitrum) to use, and your average normie doesn't want to be bothered using an expensive bridge that requires eth gas, just to swap for a shitcoin they can easily get using a simply L1.

>>53902301
You can buy L2 eth/usd directly now though. No need to touch mainnet.

I’m interested if scam wicks occur in gns like it does in cex, anyone have an idea?

>>53896668
Have some patience GNSista

>>53898103
>businesses don't typically give away a massive portion of their fees to liquidity providers(referring to the dai vault here)
liquidity is the business, and liquidity is expensive because there are other protocols that pay a lot for it, and with less risk of drawdown.

>>53902261
good one
>>53902450
bot post? your statement isn't relevant to anything posted in this thread

I dumped on you @$11 and made a nice 500k$ profit with this coin. Thanks biz.

>>53896668
It got its binance listing, its topped out and has no further use since its a pajeet scam

>>53898336
Long DBI.

HONOR

>>53902718

What the fuck, this examlpe is not ad hominem.

>>53903068
>>53902301
sell your bags and cry during the next bull run then. You don't deserve to make it