/biz/ - Business & Finance

>>56630269
idk i sold a long time ago. now im just holding esGMX which i found out you cant sell unless you have the same amount of GMX but im unwilling to rebuy, so instead im staking my esGMX which is now unescrowed...so tldr all i care about is if it can generate insane revenue like 100000x what it is now. otherwise couldnt care less

>>56630269
That's a 50 billions mkcap, honestly not impossible for a decentralized perp exchange (which are bigger than spot in CeFi).
Uniswap peaked at 30 billions.

fuck this scam
INJ and KUJI is where it's at

i bought this for a layer3 quest at around 10-11, i doubt it will hit 5k, not seeing it becoming so popular although there will be some arb incentives as they got some coins recently

>>56631683
tell me more about scams bucko
>inj is a "finance/defi chain" with zero users, zero tvl and the only thing they got going is that the binance mafia, pantera, jump and mark cuban are investors.

>kuji - another blockchain for "real yield" with a tvl ratio of 5.53. nice work there

>>56631709
I bought KUJI and it's shit but it will pump.
GMX is the real deal of this run however.

>>56631749
how did you come to that conclusion that gmx is the real deal? was it arthur hayes supposedly buying?

>>56631683
these are both street shitter tokens

>does multiples of GMX' volume
>generates multiples of their fees, even though trading fees are like 70% cheaper
>way way way more liquid
>CEX-like UI/UX
>same marketcap

dont fall for the gmx scam, get dydx and sell before the investors tokens unlock

>>56630269
No, this made me realize onchain trading doesn't work and crypto was a mistake.

whats the make it/sui stack? I only got 350 GMeXies

>>56631978
>Perp exchanges being multiple times bigger than spot in TradFi
>not failing once in 2+ years online
>being regularly top 5 of daily fess in the WHOLE crypto sphere (we're talking often making more money than bitcoin miners or uniswap on fees) over the last year
>Arthur accumulating massively
>Whales loving the 0 price impact (Sifu and co) which you can see on open interests being often maxed
>ARB incentive coming
>SEC clampdown CEX proposing perpetuals pushing whales to DEX
>first app announced on new Binance wallet
>first partner with Chainlink for their high frequency oracles announced during smartcon
GMX already got crowned, the market hasn't really realized it yet.

>>56632063
Dydx shot itself in the foot when they decided to KYC their users, not even talking about token supply, tokenomics or their fake ass wash traded volume.

>>56632614
How does 3.5 millions in 2024 sound?

>>56632869
It would be a bittersweet euphoria. I bought 500 GMX around $16 in June 2022 using an AVAX loan on Benqi (was planning to stack up to 1k) and sold it shortly after because AVAX started pumping and I didn't want to get liquidated. Quite possibly could be the biggest fumble of my entire life.

>>56630269
I know some hopium are allowed but then as much as I hold this token this one is damn high but let's see how the market moves.

I'm looking for 100x and I'm planning on getting into OGB of OpenGamesBuilders' IDO launch which is has a solid tech, team, holding for the bull on launch.

>>56632856
dude i love you

>>56634068
this is a street shitter, look at that little Indian plug at the end

poor man’s snx / kwenta
will be insolvent soon as it’s a long only exchange

>>56634087
snx baggy how do you explain the illuvium scam

>>56630269
I bought this at 3.90 on Arbitrum. Instead of of just holding, I freaked out and sold when it went 2x and then invested a shit ton into the honey pot yield farm and capitulated at -50%. FML

>>56630269
I actually just checked the price for the first time in forever. Literally want to neck

>>56633484

Put a feather in your CAP

>>56634175
huh? it's extremely undervalued. go buy.

>>56630269
It's my biggest holding along with Premia, $5k is a stretch but $1k is definitely possible.

>>56630269
GMX fucked itself in the ass with the V2 launch.
In the first 100 days of the year V1 did 57Million in fees.

In the past 100 days v2 did 2.7 Million in fees. (V1 did 18.3M btw)

>>56630269
I sold at $91. I'm not buying back in until it goes down to $10.

You guys should look into HDN - it will change the entire landscape of crypto as we know it once it picks up traction, with an upside potential gain in the 5 figure % range during bull
Pic unrelated ;)

>>56634367
Just based off of the wording of your post I know it's an indian scam, so I will humbly pass on the opportunity, thanks.

>>56634218
Because I bought at 3.90 and sold at 7.80. And it’s like 55 something now? That’s why I want to neck. But even worse I took those profits + 3 times as much and put it all into a scam yield farm. I actually got lucky I only lost 50% on it.

>>56634475

>>56634350
Liquidity doesn't migrate overnight, that constrains volume and therefore fees.

>>56634367
>uses Lightning network
hard fucking pass

>>56634528
where did you ever buy it for $3.90? all charts say the lowest it ever traded was ~$11.

regardless, let it be a lesson.

>>56631978
Only retards buy because someone else bought. Arthur is based, but that's a stupid fucking reason to invest in anything.
The simple fact is that after the last crash GMX was printing money through actual usage and passing the profits on to token holders in a completely sustainable way.
I can count on one hand the number of projects actually doing that, even in 2023.
It was also out of the top 100, because it's not part of the scammer MEV club, and they're also Arbitrum early adopters which means they understand the technology.
GMX was a completely obvious play for anyone who is an actual "in it for the tech" crypto native who hates the MEV cartel and the hype circus and who wants to see more DeFi that actually works and makes money and isn't operating like a private business.