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1  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi continues to evolve with projects like TAIKO on: May 24, 2024, 04:36:48 PM
I think this is a controversial opinion, I think the usefulness of a premarket depends mainly on the token you're buying or selling, if you're buying a token that the community are planning to dump and sell upon listing a loss is almost inevitable but a token like an utility one with real potential is really worth buying on a pre market

I've bought on a premarket before and made very little profit but I didn't take any loss

The scarcity is definitely an advantage in tokenomics comparison to other L2 projects. Also a premarket does pose a chance for a good and early investment, I'm curious if anyone here has participated or is willing to participate

What are your thoughts about this project and token?

I don't really understand the scaling technology behind it, but when it comes to tokenomics, I think Taiko (TKO) has an advantage in terms of scarcity. 2 other large L-2 Ethereum projects have a larger supply than Taiko (TKO), for example Arbitrum (ARB) which has a supply of 10B tokens & Optimism (OP) which has 4.29B tokens. Meanwhile, on the other hand, Taiko (TKO) only has 1B supply.

If there is a pre market then investing in the token will be beneficial. After listing the token price will surely scale up.

Pre-market for Taiko (TKO) is available on Bitget, currently pre-market data for Taiko (TKO) is as follows:

24h total (USDT): 18.07K
Best bid price (USDT): 1.59
Best ask price (USDT): 2.20
Last price (USDT): 11.11 (+455.5%)

Pre-market prices can't be a real reference, I once went there instead of waiting for the official listing time on CEX, but what did I get? I was unlucky & experienced a loss. Based on that incident, I advise all of you not to go to the pre-market, it's like buying an item whose shape isn't yet clear, it's better to wait for the official listing time and buy immediately when the market opens.
2  Alternate cryptocurrencies / Altcoin Discussion / Is ZKSYNC a good project or good investment? on: May 24, 2024, 04:30:33 PM
You guys know about zkSync right? the Layer-2 scaling solution for the Ethereum blockchain that employs zk-rollup technology and by bundling multiple transactions into a single cryptographic proof and processing them off-chain they significantly boost Ethereum’s transaction throughput. This approach helps alleviate network congestion and lowers gas fees, making it more cost-effective for users to interact with Ethereum smart contracts and send tokens.

Well their token ZKSYNC built on Ethereum chain and currently not much is known about the tokenomics, just learnt it's actually available on a pre-market for around $0.78 a piece. Do you guys consider this ZKSYNC a good investment and you think I should buy on the pre-market or wait for official listings?
3  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi continues to evolve with projects like TAIKO on: May 24, 2024, 12:24:07 PM
The scarcity is definitely an advantage in tokenomics comparison to other L2 projects. Also a premarket does pose a chance for a good and early investment, I'm curious if anyone here has participated or is willing to participate

What are your thoughts about this project and token?

I don't really understand the scaling technology behind it, but when it comes to tokenomics, I think Taiko (TKO) has an advantage in terms of scarcity. 2 other large L-2 Ethereum projects have a larger supply than Taiko (TKO), for example Arbitrum (ARB) which has a supply of 10B tokens & Optimism (OP) which has 4.29B tokens. Meanwhile, on the other hand, Taiko (TKO) only has 1B supply.

If there is a pre market then investing in the token will be beneficial. After listing the token price will surely scale up.

Pre-market for Taiko (TKO) is available on Bitget, currently pre-market data for Taiko (TKO) is as follows:

24h total (USDT): 18.07K
Best bid price (USDT): 1.59
Best ask price (USDT): 2.20
Last price (USDT): 11.11 (+455.5%)
4  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi continues to evolve with projects like TAIKO on: May 24, 2024, 12:14:31 PM
So it's not exactly the best and there are better alternatives for it?
Alright then I'll look forward to the TKO listing on exchanges then and when the price stabilizes

Taiko at a first glance prides itself as the most friendly Ethereum scaling solution but I don't think it's anywhere close and there are dozens of other projects that does the same thing. I didn't get to use their testnet but I have a couple of friends that did and their experiences were nothing to write home about. For a project that wants to the most user-friendly rollup and most of its features are usable due to terrible ux. The Mainnet will be in full swing soon and I'd be on the lookout to see how its ecosystem fares.

As for TKO tokens, I will probably skip for now until the price stabilizes at a good zone for price discovery.
5  Alternate cryptocurrencies / Altcoin Discussion / DeFi continues to evolve with projects like TAIKO on: May 23, 2024, 04:24:31 PM
A new DeFI project I just discovered is Taiko which is an open-source, community-driven project focused on building a decentralized scaling solution for the Ethereum blockchain. This project has attracted $22 million in investments from major players like Seqouia China, IOSG Ventures, OKX Ventures, KuCoin Ventures, and others, received mentions from Vitalik Buterin, and support from leading funds and tier-one projects. They also promise there are no centralized actors that operate the network; all operations are permissionlessly run by the community.

The project sounds good and and the TKO tokens are set to list soon, during my research I found out there's currently a pre-market for this token and I'm wondering if buying and investing early pre-listing is the right choice 

What are your thoughts about this project and token?

Source: https://coinmarketcap.com/community/articles/65e351ab5d81206964c3a223/
6  Economy / Exchanges / Re: Is trading on CEX still worth it? on: May 17, 2024, 03:51:34 PM

You're right CEXs do tend to have lower fees and higher trading volumes and I've also gotten a few free bucks too but another problem I have with them is the regulations blocking most exchanges, Binance and many more exchanges are blocked or don't work well in my country and Bitget is one of the currently functioning ones

I'm trading on Centalized exchange but I do not know why you ask if it's worth trading on Cexs?

Most traders usually look for exchanges with high volume and low fees if you compare it to Dex exchange the fees are higher than Cex the only advantage of buying on Dex most of the new projects can be traded there compared to Cex plus you can get some points and bonuses as you said on Bitget if you keep trading there you can earn points that you can exchange into usdt.

please show me your jupiter wallet, i'm curious.
jupiter is not a wallet.
nice bitget shill though

He might be talking about their decentralized exchange not the wallet.
You can find it in jup.ag.
7  Economy / Exchanges / Is trading on CEX still worth it? on: May 15, 2024, 02:24:05 PM
These days I buy most of my tokens especially altcoins on decentralised wallets like Jupiter or metamask and I only trade on CEXs when they list tokens I already own and I send my tokens there

The only time I buy tokens on CEXs with my credit card is when exchanges have zero fees events or events like a rebate on a deposit you make like the one Bitget currently have and other CEXs like Binance, kucoin etc.

Do you guys think CEXs are still worth it? Let me hear your thoughts
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