Honeyswap on xDAI

[Anonymous No.22712683]

There was some other anon a couple of days ago who shilled the xDAI ecosystem and the Honeyswap exchange here. I am very grateful to whoever that was.

Anon, get on xDAI, it is incredible. You can trade like on Uniswap, only you pay 1ct per transaction and they are incredibly fast - no more timeouts after 30min, no more $10 buys for $200 worth of tokens.

All you need do do is in here https://medium.com/@whitecolidon/honey-token-how-to-buy-it-c48802e2e881
- Add the xDAI STAKE network to Metamask
- Swap a couple of DAI to xDAI (two clicks)
- Trade on https://info.honeyswap.org/

Of all the layer 2 solutions, this is the one. It's like ETH 2.0, just it's here now.

[Anonymous No.22712729]

>>22712683
Why the fuck cant bitcoin devs do something like that? Why is there nothing being built on btc???? Are there any active devs still there? Every fuvking day I have to see the dominance sliding while ETH is having 7 new anniuncements? UNI stimulus was just too much

[Anonymous No.22712856]

>>22712729
IDK, honestly. I came to crypto in 2013 and BTC was about as alive as ETH is right now - news everywhere, good mood, optimism.

That changed around 2018 when the war between Core and BCH and later BSV poisoned everything. Core developers became retarded and just froze layer 1 to push their semi-centralize Lightning, and the other camps either want absolutely nothing changed (BCH) or are owned by a fraud (BSV). ABC seems similar to BSV in that regard.

I sold my BTC and switched to ETH, painful as it was, but I feel BTC is completely ossified and will never get back the spirit it once had. Many in the Bitcoin camps are just bitter old men who will not look over the fence, ever.

About xDAI and Honeyswap: obviously the thing is just getting started, it's a 1:1 clone of uniswap and it shows. There is only a handful of tokens bridged (like LINK and COMP) so you can trade them on both sides.

But volume is rising (even though it's still very low) and in general, mood is high in the xDAI camp. Could be we are indeed early here.

[Anonymous No.22713814]

>>22712683
How's the liquidity?

[Anonymous No.22714645]

>>22713814
Small overall, but since there currently are only few tokens, it is not too bad.

[Anonymous No.22714777]

What's the relevance of xDAI, is it basically the eth of honeyswap? Worth buying a bag of xdai?

[Anonymous No.22714994]

>>22714777
nice trips
xDai is a stablecoin with its own separate EVM chain, so like a fully compatible ETH sidechain that's faster and cheaper than ETH. if you want to invest in it you should buy STAKE

[Anonymous No.22715204]

>>22712729
No smart contracts and they won’t capitulate to promoting a wrapped form of Bitcoin.

[Anonymous No.22715232]

>>22714994
Thanks for the explanation. Comfy with HNY but will keep an eye on stake and may pick some up if it starts to move or see more honeyswap coins listing

[Anonymous No.22715314]

>>22715232
BTW, you can stake STAKE for some sweet staking rewards.

[Anonymous No.22715392]

>>22715232
yeah HNY might actually turn out a better investment than STAKE if honeyswap gains some steam
>>22715314
farming HNY with STAKE when

[Anonymous No.22715586]

>>22715314
Stupid question which I'm sure I could google, but how2stakestake? Just need to buy and hold or more than that

[Anonymous No.22715615]

>>22715586
https://easy-staking.xdaichain.com/

[Anonymous No.22715643]

>>22712683
Eh, uniswap v3 will also do layer 2 and this'll die.

[Anonymous No.22715826]

Dang this is sick. Uniswap on L2!

[Anonymous No.22715870]

>>22715615
Such a handy tool they've got for this and the staking rewards are actually fairly generous. At least if you keep your STAKE on it for a couple of months and you hit your time-based peak.

[Anonymous No.22715875]

>>22715643
Or UniV3 will adopt xDAI as the layer 2 and just use Honeyswap. But yeah, it's a huge gamble.

[Anonymous No.22715878]

>>22715643
any release date for v3?

[Anonymous No.22715907]

>>22715875
UniV3 will win because you still want the mainnet and it will help with cashing out.

[Anonymous No.22715943]

>>22715875
but short term there is money to be made with HNY, remember honeyswap is a clone of uniswap, there is no way they are gona win.

[Anonymous No.22716269]

Just did some swaps. Super slick.

I know faggots usually say this, but

WE'RE SO FUCKING EARLY OH MY GOD

[Anonymous No.22716416]

>>22716269
>Just did some swaps. Super slick.
Right? That chain is the goat, loving it already!

[Anonymous No.22716543]

>>22716269
Agreed. I’ve never been this early in something yet also so optimistic.

[Anonymous No.22716573]

People who fud this project....
Kek
Stay poor

[Anonymous No.22716809]

Swap is fast and cheap

[Anonymous No.22717362]

the best tech isn't what wins in crypto. if it did we'd have switched over to XLM dex's years ago. I really like this project from a technical perspective, and honeyswap is definitely a better mousetrap....but it doesn't matter cause no one is going to use it. bridging assets through a smart contract.....switching networks so that your wallet can interface with honey....its too much for your average crypto user to get their head around. how many threads from newfags did we see asking for help for something as simple as claiming uni last week? half this board doesn't even know how to use metamask properly.....they aren't going to swap on honey.

[Anonymous No.22717646]

>>22717362
You can abstract this all away with a front-end that makes it seem to the user they are swapping on ETH while they are not. Using Metamask, you are even using the same accounts on both networks.

[Anonymous No.22718162]

>>22717362

Low-IQ take. As >>22717646 mentions, this isn't a diff network and doesn't require users or devs to change their habits.

Bullish on HNY. If market wasn't shitting itself this would be 10x'ing.

[Anonymous No.22718269]

>>22718162
Well don't forget the inflation. There will always be phases where someone gets an award of HNY and dumps it on the market. But it gets bought up fast.

This one reminds me of RARI (which also has high inflation) that was idling till it got discovered and all of a sudden did a 10x out of nowhere.

[Anonymous No.22718563]

>>22718269
>till it got discovered

I think this is an important point. This thing has no coingecko, no coinmarketcap and the telegram has around 100 members. nothing. So on that front it's great because we're still under the radar.

The inflation doesn't worry me too much. Last time rewards were sent, it was 0.16 HNY to less than a hundred addresses, of which very few sold immediately. If I understand it correctly, the faucet rewards should decrease per address as more addresses use it.

What worries me is the marketcap is already somewhere between $7m and $10m. How is this gonna pull off a 10x or 20x from here? I've seen price targets thrown around that imply this...

On the other hand I've also read rumors (on telegram) about the supposed farming mechanism that will be launched shortly on HNY. That could be the catalyst we need for real growth. pic related.

TL;DR, I'm still holding.


t. $220 avg-buy-in bagholder

[Anonymous No.22718897]

Will anybody verify my BrightID for the Honey faucet? The Discord is a pain in the ass.

[Anonymous No.22719541]

>>22712683
>1ct per transaction and they are incredibly fast
this is fud your tx are like 0.0000001

[Anonymous No.22720645]

>>22718897
people on telegram seem to be doing that
t dot me/Hnyswap

[Anonymous No.22721244]

I know Crypto Chico will pump it real soon

[Anonymous No.22721350]

How does it compare to matic. Telegram is a total echo chamber, they just say its better hurrdurr.

[Anonymous No.22721638]

ok i swapped xdai for link on honeyswap, now how do i bring that link back to eth mainnet?

[Anonymous No.22721689]

>>22721638
kek. you're learning now why this shit isn't gonna take off...

[Anonymous No.22721695]

>>22721638
You don’t. You swap it for xDai and then the bridge turns the xDai to Dai on main net, then you trade the Dai for Chainlink on main net.

[Anonymous No.22721717]

>>22721638
that's not link anon....its xLink or whatever the fuck. you aren't going to be able to bring it back with you.

[Anonymous No.22721801]

>>22721638
you can use omnibridge

[Anonymous No.22721811]

>>22721638
>he swapped link for xlink
Oh nonononononono

[Anonymous No.22721920]

>>22721811
i literally bought 1 xlink anon don't get your hopes up
>>22721801
that answers a lot of my question, thanks
the dai-xdai bridge cost me like $2.5 so return ticket would be $5 for every trade if honeyswap/xdai chain was to be used by, say, uniswap. it's something but not that great of an improvement, am i missing something?

[Anonymous No.22722004]

>>22721920
I havent bought into this yet, but I think the hope is that more people will use xdai, and therefore swapping on the chain will be more used. We can only hope.

[Anonymous No.22722102]

>>22722004
you forgot to mention the bridge transfer limits.
>100k total daily dai limit for all bridge traffic
its fun to geek out on this shit, but it is so far from being usable. don't kid yourselves guys.

[Anonymous No.22722389]

>>22721695
LOL that is xdai? So it's like pegnet(the coin biz fell for last year) but more expensive centralized and premined? HOLY SHIT HAHAHAHAHAH

[Anonymous No.22722436]

>>22718162
that's not true. you have to load a custom RPC in your metamask wallet to connect to the xDai network. you can't abstract that away in the UI either.

[Anonymous No.22723279]

>>22721920
The goal is that a lot of ERC-20 projects will migrate to xDai network which will reduce transaction fees and it also lightens the load on main net ETH. Idea solution? Not really, but a hell of a lot better than the current mess that ETH is.
>>22722389
Low IQ.

[Anonymous No.22723760]

Where can i put my STAKE for best returns right now?
STAKE/ETH pair on uniswap or...?

[Anonymous No.22724099]

>>22723760
Easy Staking which you can find on the main xDai website. Maximum APR of 15%, but you’ll realistically start off at 2.5 and cap at 10.

[Anonymous No.22724123]

>>22722436

It takes 15 seconds. People did it for BSC. They'll do it for xDai.

[Anonymous No.22724154]

>>22718563

this makes my pussy wet.

WE

ARE

SO

FUCKING

EARLY

[Anonymous No.22724218]

>>22724154
fuck off zonny

[Anonymous No.22724441]

>>22724218

who the fuck is zonny you absolute autist

[Anonymous No.22725074]

>>22718563
>What worries me is the marketcap is already somewhere between $7m and $10m. How is this gonna pull off a 10x or 20x from here?

Answering my own question... HNY is governance for 1hive, not just honeyswap. Honeyswap is a small part of 1hive. So valuing HNY as the governance token of a uniswap clone seems a bit shortsighted. It's the governance token of a much larger project.

https://twitter.com/1HiveOrg/status/1302324016942706689

https://twitter.com/1HiveOrg/status/1308458703977209857

https://1hive.substack.com/p/-the-honey-comb-hangout

https://www.youtube.com/watch?v=3GBcNYe-LHU&feature=emb_title

https://blog.1hive.org/honey/

Their youtube channel has 1 video with 47 views, and 4 subs. Top kek. I don't think I was ever this early in a legit project.

[Anonymous No.22725880]

Creeping up to $500 again

[Anonymous No.22725944]

>>22725074
Same. I’m very excited for it. The last thing I got in this early for was probably STAKE itself.
>>22725880
Must...resist...urge to swing.

[Anonymous No.22726089]

When will Stake go back to $40? Asking for a fren because it’s super undervalued compared to competitors like AVAX at the moment, but has more progress and partnerships etc

[Anonymous No.22726215]

>>22726089
Bots have been suppressing the price like crazy if you look at the orders. A dump was expected after such a spectacular run up, but it got pummelled far more than it should. I couldn’t give you an ETA, but I will say that if bots are keeping it low then it’s because it will explode.

[Anonymous No.22726802]

>>22726215
Based, I have 2K and just want to make sure I make it

[Anonymous No.22727324]

[Anonymous No.22727501]

>>22726802
2k? You'll be laughing your way to the bank, friend. I've only got 450 and I'm sitting incredibly comfortably.

[Anonymous No.22728125]

>>22727324
We need to meme this into a HNY version.

[Anonymous No.22728936]

More than half the supply held by the same 3 people that keep selling their token on the daily and sometimes hourly. Fuck xDai. Show me a project where the community holds more than 60% supply and I'll get onboard. Until then, fuck off and die you fucking jeets.

[Anonymous No.22729010]

>>22728936
Priced out already?

[Anonymous No.22729300]

>>22729010
>>22728936
He got priced out, poor guy.

[Anonymous No.22729351]

>>22729010
As usual, the same faggots with the same comeback whenever someone has legitimate concerns about a project.

https://etherscan.io/token/0x0Ae055097C6d159879521C384F1D2123D1f195e6?a=0x9bc4a93883c522d3c79c81c2999aab52e2268d03

Look at this biggest holder of STAKE. Same 3 fucking addresses selling frequently. You can invest in more reputable projects like LEND, TRB, etc or you can just lose your money buying stupid coins with < 30% total supply circulating. Choice is yours.

[Anonymous No.22729442]

>>22729300
I sold all my UNI and I'm investing in better projects like DOT, LEND and TRB. Cope harder.

[Anonymous No.22729529]

>>22729010
>>22729300
priced out? this shit is like 10M MC and there's less than 200 holders. 3 of them own half? that's not priced out anon....that's a heavily inflated project with absolute shit distribution. it was pumped to 10M by just a few people who are now wanting you to buy their bags at an incredible price. this can't pump for that reason alone. this is why I haven't bought any desu. you guys aren't early...you think you are, but a small handful of fags are looking to cash out millions already where liquidity is thin

[Anonymous No.22729602]

/biz/ and shilling projects with > 60% tokens held by chink devs. Name a more iconic duo

[Anonymous No.22729614]

>>22729351
>Look at this biggest holder of STAKE
Are you legit retarded or trying to FUD? That's the address holding all the STAKE for staking rewards. FYI, only 2.7m of 8.5m STAKE are circulating.

Did you look at the TGE tx? https://etherscan.io/tx/0xfc7f97dc6f37771d7d1613e5e70759247e307fbabbad95146728d12a71395ef3 - look where the 8.5m STAKE get transferred to - exactly!

[Anonymous No.22729624]

>>22729529
We’re talking about STAKE, not HNY. STAKE is $62 million market cap with far more holders. We’re also taking the piss, he’s not actually priced out.