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Started By
Message
re: HEX (Blockchain Certificate of Deposit)
Posted on 9/19/21 at 3:25 pm to tenderfoot tigah
Posted on 9/19/21 at 3:25 pm to tenderfoot tigah
quote:
Constructive criticism is welcome, not dumb stuff like it needs to be on a cex for adequate liquidity
How else do you expect to grow the market-cap to surpass ETH?
You think people will fund a liquidity pool larger than ETH itself to purchase a smart contract ERC20 token?
I dont think you have thought through how this would have to happen and I do not believe it is mathematically possible.
You can be dismissive and call this dumb but its a legit question and issue for the claims you make.
This is a prime example if how the discussion goes.
If you guys use this type of tactics for a Pulse thread then yea, expect much of the same.
In another life, instead of calling it dumb, you could maybe explain to me, an active DEX, Defi, swap user, how HEX could manage to accomplish this. One of the largest liquidity pools for HEX is the USDC pair and there isn't even enough total USDC via market-cap to accomplish this. Right now on UNI, there is only like 32 Million in the HEX/USDC pair.
This post was edited on 9/19/21 at 3:29 pm
3
Posted on 9/19/21 at 3:42 pm to JayDeerTay84
Perhaps I misunderstand what you are saying but are you trying to suggest that the liquidity pool (if that is the only place available for swap) needs to be the size of the marketcap?
Posted on 9/19/21 at 3:43 pm to JayDeerTay84
Just staked 90k hex until Christmas 2023. 
Posted on 9/19/21 at 3:50 pm to JayDeerTay84
quote:
You think people will fund a liquidity pool larger than ETH itself to purchase a smart contract ERC20 token?
If the returns are large enough, of course. People provide liquidity for plays they know nothing about. Spooky swap is a good example of this.
Not being on Cexes only decreases the daily volume. It doesn't prevent more buyers than sellers over time. People take advantage of arbitrage opportunities every second of every day.
You don't need an entire market cap in liquidity. I think this is what you are saying this? Please correct me if I'm wrong.
If HEX hits a major Cex, wouldn't that be an extremely bullish event making Hex undervalued in its current state?
Looks like I didn't get the promise I was asking for to start the Pulse thread.
Posted on 9/19/21 at 3:50 pm to slacker00
quote:
Perhaps I misunderstand what you are saying but are you trying to suggest that the liquidity pool (if that is the only place available for swap) needs to be the size of the marketcap?
No. I understand that in a liquidity pool is only a snapshot of current TVL.
My point is that the fact that HEX being able to only be purchased via a DEX liquidity pool is a hindrance to its growth and that claims of it surpassing ETH via this mechanism is a high high bar.
A massive amount of money would have to flow into ETH/Uni-swap for this to happen.
I hope that is more clear.
Posted on 9/19/21 at 3:54 pm to JayDeerTay84
The high high bar is less than one 2x rip away there killer.
Posted on 9/19/21 at 3:56 pm to JayDeerTay84
I mostly agree with that, but there's no shorting on dexes. It has it's benefits. Also dexes only is previral. Even with a $200B market cap.
Posted on 9/19/21 at 3:59 pm to tenderfoot tigah
quote:And with Hex, imo it's way better off of cex's for price at this point. You'd have a lot more trading a lot less staking.
I mostly agree with that, but there's no shorting on dexes. It has it's benefits. Also dexes only is previral.
Posted on 9/19/21 at 3:59 pm to tenderfoot tigah
quote:
I mostly agree with that, but there's no shorting on dexes. It has it's benefits. Also dexes only is previral. Even with a $200B market cap.
Where do you see $200B? Coin marketcap has HEX at $84?
But yea, I think being listed on CEX with access to the liquidity of everyone is a big deal.
I'll have to look back into it, but I remember reading that only a small percentage of crypto users even use DEX's. I was also reading HEX has a relatively small holder count in comparison to marketcap.
I also view this is a negative for growth moving forward.
But I wasn't trying to stir your guys shite up.
Slacker asked a pretty clear question that I think cleared a lot of it up and I probably wasn't being as clear as I needed to be.
This post was edited on 9/19/21 at 4:04 pm
Posted on 9/19/21 at 4:02 pm to JayDeerTay84
Then a 5x. It'll happen much sooner than you think.
Posted on 9/19/21 at 5:00 pm to JayDeerTay84
quote:
Where do you see $200B? Coin marketcap has HEX at $84?
nomics.com
Commie market cap gatekeeps coins that refuse to pay them to list on their exchange.
Posted on 9/19/21 at 7:10 pm to tenderfoot tigah
quote:
Commie market cap gatekeeps coins that refuse to pay them to list on their exchange.
And they are being sued because of it.
It’s good to see this thread has become more civil.
This post was edited on 9/19/21 at 7:12 pm
Posted on 9/19/21 at 8:10 pm to SuddenJerk
Etherscan has it at the 80 billiom market cap. I think that is the most trustworthy
Posted on 9/19/21 at 10:04 pm to 21JumpStreet
Posted on 9/19/21 at 10:12 pm to 21JumpStreet
Thanks. Now, look at the very bottom of this page.
LINK
ETA: page says "Market Data Source: Coinmarketcap"
LINK
ETA: page says "Market Data Source: Coinmarketcap"
This post was edited on 9/19/21 at 10:18 pm
Posted on 9/19/21 at 11:54 pm to slacker00
The Pulse chain wallet has $50 billion in it.
This post was edited on 9/19/21 at 11:59 pm
Posted on 9/20/21 at 7:36 am to tenderfoot tigah
50 billion as sacrificed?
Posted on 9/20/21 at 7:43 am to slacker00
Oh ok, so it's just nomics uses total supply x price which is I guess what's estimated on the current staked to make the gains while everyone one else uses circulating supply x price.
Posted on 9/20/21 at 10:12 am to METAL
quote:
50 billion as sacrificed?
That's the current balance of the sacrifice address. HEX has 4x'd since the sacrifice phase.
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