/biz/ - Business & Finance

[Anonymous No.25121327]

It's gonna hit 5 again.... Soon.... Very soon... I must hold...

[Anonymous No.25122511]

no brainer coin, will buy some more in feb with my next paycheck

[Anonymous No.25122536]

>>25121327

[Anonymous No.25122556]

>>25121327
this was just posted

https://medium.com/injective-labs/injective-launches-the-worlds-first-decentralized-stock-futures-trading-feb1c8aefc71

[Anonymous No.25122582]

>>25122556
Holy shit this project is a beast

[Anonymous No.25122599]

>>25122536
you beat me to it haha,

Some quotes;

We are excited to launch decentralized stock futures trading on Injective. This means that our users on the Solstice Testnet will soon be able to securely access the $90 trillion stock market without any centralized control.

We have always envisioned Injective to become the core platform for any and all markets worldwide. From the very start of the project, we have wanted to explore the addition of traditional equity markets.

Also with a limited amount of testers they had almost the same volume as Binance. They expect real volume to dwarf that volume when the Dex comes out, so much bigger than Binance.

[Anonymous No.25122618]

Does it make sense to buy now? Should I wait for a dip?

[Anonymous No.25122658]

>>25122618
Anything under $5 is cheap as fuck for this

[Anonymous No.25122667]

>>25122618
I have no idea, I just make observations, people should make up their own minds, it's all speculation after all which is very personal.

[Anonymous No.25122784]

I have 200 of this but the constant shilling is making me nervous.

[Anonymous No.25122892]

it uses fucking BAND

and it plans to leverage synthetics from Mirror Protocol, which is an SNX rip-off that instead of using LINK has a centralized oracle elected by a governance token

Not even joking lmao
https://docs.mirror.finance/protocol/synopsis

[Anonymous No.25122928]

>>25122892
actually all these things have one thing in common. Chink rip-offs (Band from Link, Mirror from SNX, Terra from Maker Dai)

Makes me think that INJ either sold out to CZ to get listed or they were CZ operated from the start.

[Anonymous No.25122929]

>>25122892
I don t care what they use honestly, as long as it works, I think this is the Binance push to compete

[Anonymous No.25122943]

>>25122929
the point is that it doesn't work anon
If they associate with this type of stuff then a vulnerability/"hack" is inevitable.

A shame, the whitepaper seemed promising.

[Anonymous No.25122946]

>>25122928
unlikely seeing the team is led by graduates from the most prestigious universities in the world, these are not low life nobodies

[Anonymous No.25122972]

>>25122943
this video discusses the technological architecture, seems pretty solid to me

https://www.youtube.com/watch?v=jEU0rW2YELg

[Anonymous No.25122996]

>>25122972
I know precisely how it works anon, like I said I read the whitepaper. Their innovative part is the delay to prevent ordering manipulation.

But it seems they either sold out or, like so many teams, don't understand oracle vulnerabilities.

[Anonymous No.25123019]

>>25122996
well I am no expert but I trust the team to know what they are doing or to learn and fix whatever problems may arise. The testing was succesful with almost 20 billion daily volume.

[Anonymous No.25123046]

>>25123019
because no real money was involved. That's why so many of these oracle exploits only happen in mainnet (Maker, Bzx, etc)

[Anonymous No.25123093]

>>25123046
actually I think there was real money involved, they had like 10k users use the platform if I recall correctly for 10 days with real money, but I am not sure, let me look it up for you

[Anonymous No.25123136]

>>25123046
Background

On November 30, 2020, we released an early access version of the Solstice testnet.

Within one week we managed to compile feedback and release Solstice V2, which presents an unrivaled trading experience for everyone. We have managed to surpass every exchange in the market today, seamlessly integrating the best features from centralized exchanges while retaining a dynamic decentralized backend.

This launch was met with tremendous demand with our user caps being reached under one hour on a daily basis. We would also like to thank TechCrunch and CoinTelegraph for covering the release.

Some Initial Statistics from 10 days of the early access period

Number of Trades: 394,792

Volume: $194,174,896,615

The trader with the Highest ROI: 1,029.2%

It should be noted that these statistics were generated during an early access period where we intentionally limited the number of users that were able to access the platform. This public release will likely eclipse these stats and aid in showcasing our dynamic throughput capabilities.

I am not sure whether this was real money + testnet or fake money + testnet, anyway I trust them, if you don't then you shouldn't invest, it's that simple

[Anonymous No.25123173]

>>25122928
Terra and MIR are Korean and Terra has real world adoption through Chai, you're a retard

[Anonymous No.25123176]

got more than 100 tokens now and not planning them soon, if it works out great, if it doesn't too bad

[Anonymous No.25123301]

>>25123173
I'm not saying they don't have real-world adoption, just that CZ (and therefore CCP) may have a hand in it.

>>25123136
thanks. But I don't think testnet used Mirror Protocol synths leveraging yet. Since they just announced it now.
Also oracle exploiters will wait for an ideal time to maximize profits, they might keep low profile as they did for SNX at the start with frontrunning.
We'll see.

[Anonymous No.25123316]

>>25121327
Statera? yes, it will hit $5 soon

[Anonymous No.25123330]

>>25123301
yes there are practically no investments without risks, to me the risk/reward ratio seems juicy, but others might look at it differently, if we were able to predict the markets we'd all be rich.

[Anonymous No.25124469]

>>25122892
Is this the best fud there is against the coin? I'm bullish af if that's the case. Everything you posted literally doesn't matter in the crypto market. A centralized shitcoin managed to accumulate BILLIONS in market cap, and you want use to assume INJ is going to zero because it *might* use a centralized oracle for leveraged synthetics? Who fucking cares?
Also lol at you saying you aren't a fudder, yet you're posting this in every single INJ thread. See you at $40 faggot.

[Anonymous No.25125376]

already on our way

[Anonymous No.25126725]

I have a feeling INJ will surpass many people’s expectations in terms of adoption and price, they have some serious VC support and it does appear that CZ wants this project to be successful so I see this coin being worth $20 by April, beyond that it’s hard to tell.

[Anonymous No.25126820]

>>25124469
in case of oracles, centralization can and WILL lead to quick exploits. Proven over and over again in the past.

[Anonymous No.25126915]

>>25126725
BILLION DOLLAR CLUB

[Anonymous No.25126971]

>>25126820
Cite actual non-clickbait examples of BAND being exploited. Claims with no proof to back them up are worthless.

[Anonymous No.25127018]

>>25121327
5$ is nothing compared to what is coming for INJ

[Anonymous No.25127059]

>>25126725
I hope this consolidation holds for another 4-7 days. the pump will be relentless

[Anonymous No.25127077]

>>25126971
first I'd have to see who they are actually providing their product to? If they are not used to secure value they also cannot be hacked.

But as I pointed out I am much more concerned about the Mirror Protocol oracle.

[Anonymous No.25127218]

The value of INJ should be at least the mc of uniswap. So 20-30$ is real.
I have 200 of this, should've buy more yesterday, but waiting for another dip and just hodl.

[Anonymous No.25127421]

>>25127218
>The value of INJ should be at least the mc of uniswap
This. In fact, depending on how much Binance promote it on their platform it should overtake Uniswap. Uniswap is still an "advanced user" platform. Binance is a lot more normie-friendly, so if they integrate INJ - they should and they will since they invested in it - it can comfortably overtake UNI over time.