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Author Topic: SushiSwap - THE FULL STORY?! How this Uniswap clone is WINNING!?  (Read 245 times)
VoskCoin (OP)
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September 12, 2020, 01:53:22 AM
Merited by JeffBrad12 (1)
 #1

Let's review the full story on WHAT IS GOING ON WITH SUSHISWAP?! $SUSHI is the latest DeFi craze, SushiSwap forked Uniswap and now has it turned into a better DEX for yield farming?!
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SushiSwap has recently been referred to as a trojan horse by Crypto YouTubers like Chico Crypto, and it's kind of true.. SushiSwap has stolen half of Uniswaps liquidity which... is what Uniswap is all about?! The unique migration mechanism they implemented to encourage crypto users to bring their liquidity provider LP tokens from Uniswap to SushiSwap has proven to be incredibly successful. One of the SushiSwap creators, Chef Nomi recently exit scammed with over 14 MILLION dollars worth of Ethereum, but there's a funny plot twist with that, that we review in this video. By the end of this video you will be caught up on the latest crazy crypto DeFi news regarding SushiSwap! We also review how the US government has set a huge bounty for anyone who can crack Monero's privacy technology to make it easily traceable, along with additional transaction tracing tools for Bitcoins Lightning network!

additional info and links in the video desc. on youtube per bct rules

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JeffBrad12
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September 12, 2020, 04:58:18 AM
 #2

Im seeing your video and it's quite interesting to know about what factor that makes nomi changes his mind to return all of the ethereum into the treasury.  Cheesy It looks so funny to see that.

Can you show me your opinion regarding this? IMO if nomi didn't wanna be reported to the police.

Hell yeah but a more and more interesting drama about sushi has been coming since last week.

Im waiting for your next videos about your speculation regarding it and the result of how much ethereum that will be deserved by nomi by the community. FTX should be a party who must decide how much deserved by nomi regarding the acquisition of sushi by alameda.

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September 12, 2020, 05:02:03 AM
 #3

lately there have been a lot of people fomo about Sushi farming system on uniswap and it has created a big movement. After that, the volume on Uniswap seems to focus only on Sushi / ETH because the farming system is too good with extremely high interest rates (more than 5%) per day. But after separating, do you think they have enough finance to pay interest to investors in the long run? Sooner or later, this farming system will also collapse and Chef Nomi wants to gather a larger amount of money to escape. Be careful, this farming system is really unstable and very risky.


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September 12, 2020, 05:21:29 AM
 #4

lately there have been a lot of people fomo about Sushi farming system on uniswap and it has created a big movement. After that, the volume on Uniswap seems to focus only on Sushi / ETH because the farming system is too good with extremely high interest rates (more than 5%) per day. But after separating, do you think they have enough finance to pay interest to investors in the long run? Sooner or later, this farming system will also collapse and Chef Nomi wants to gather a larger amount of money to escape. Be careful, this farming system is really unstable and very risky.
Definitely, it is harmful to put money without proper knowledge in farming system. It might end you up in loss specially when these coins move down. I only bought uniswap for an hour then sold it out because I don`t want to lose just like what happened in 2017. I also heard some news about sushi in telegram that the developer of this coin sold his coins when it moved up. In addition, the sushi developer is anonymous meaning we don`t know their real reason for hyping the coin. This is really risky and if I were you, do some research in investing in farming coins.

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October 06, 2020, 06:42:51 AM
 #5

I am never gonna invest in sushi after all the fiasco with the founder selling the tokens for eth , then sending the control over to Almeda and then returning back and all that. They just lost their credibility with this.

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October 06, 2020, 09:11:07 AM
 #6

Alright, perhaps i am being biased before i share my view
But i certainly think that Sushiswap will not "Win" as a clone despite it introduce their own token earlier than Uniswap

Look what happened after
Once Uniswap introduced their own Goverance token, most of the liquidity flow back
Not saying that Sushiswap will gone, perhaps it could Co-exist with all other token pool
But "Winning" seems pretty impossible here as master chef had bad reputation after the token sold off :/
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October 06, 2020, 12:04:06 PM
 #7

I am never gonna invest in sushi after all the fiasco with the founder selling the tokens for eth , then sending the control over to Almeda and then returning back and all that. They just lost their credibility with this.
The old creator or sushi has no control over this swap service again and it looks like he was getting nothing from sushi swap.

So many people have already told him if he will be jailed and reported by so many people who didn't agreed with the condition for him to sold his coins for money and then leave the project and that's why he was giving the control of sushiwap to the almaeda.

The price of sushi is also going down drastically.
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October 06, 2020, 01:29:39 PM
 #8

I am never gonna invest in sushi after all the fiasco with the founder selling the tokens for eth , then sending the control over to Almeda and then returning back and all that. They just lost their credibility with this.
This is one of the reason why I don’t trust Sushi before but the developer are trying to survive despite of this and I think there’s a new team working with Sushi right now. Its not winning yet but if this token got the support of many investor again, then there’s a good chance to pump this Sushi all over the hype of DeFi projects.
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October 06, 2020, 02:23:19 PM
 #9

Not winning anymore , there is a lot like this one, wven sashimi token and platform, lets be cautions witth those defis.
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November 06, 2020, 11:51:01 PM
 #10

Alright, perhaps i am being biased before i share my view
But i certainly think that Sushiswap will not "Win" as a clone despite it introduce their own token earlier than Uniswap

Look what happened after
Once Uniswap introduced their own Goverance token, most of the liquidity flow back
Not saying that Sushiswap will gone, perhaps it could Co-exist with all other token pool
But "Winning" seems pretty impossible here as master chef had bad reputation after the token sold off :/

you pretty much nailed it w/ when uniswap introduced their UNI token + all the sushi chef drama.. was pretty much game over for sushiswap

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November 06, 2020, 11:54:34 PM
 #11

Alright, perhaps i am being biased before i share my view
But i certainly think that Sushiswap will not "Win" as a clone despite it introduce their own token earlier than Uniswap

Look what happened after
Once Uniswap introduced their own Goverance token, most of the liquidity flow back
Not saying that Sushiswap will gone, perhaps it could Co-exist with all other token pool
But "Winning" seems pretty impossible here as master chef had bad reputation after the token sold off :/

you pretty much nailed it w/ when uniswap introduced their UNI token + all the sushi chef drama.. was pretty much game over for sushiswap

They will find it hard to win over uniswap. So don't know where the story that they are winning here.
Maybe 6 months from now, once the defi hype is somewhat contained, we will know who is really winning here?
But I seriously doubt, sushiswap will overpower uniswap.
With the sushi chef drama behind, I don't think users will forget that event easily.
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November 07, 2020, 05:40:47 AM
 #12

Alright, perhaps i am being biased before i share my view
But i certainly think that Sushiswap will not "Win" as a clone despite it introduce their own token earlier than Uniswap

Look what happened after
Once Uniswap introduced their own Goverance token, most of the liquidity flow back
Not saying that Sushiswap will gone, perhaps it could Co-exist with all other token pool
But "Winning" seems pretty impossible here as master chef had bad reputation after the token sold off :/

you pretty much nailed it w/ when uniswap introduced their UNI token + all the sushi chef drama.. was pretty much game over for sushiswap

They will find it hard to win over uniswap. So don't know where the story that they are winning here.
Maybe 6 months from now, once the defi hype is somewhat contained, we will know who is really winning here?
But I seriously doubt, sushiswap will overpower uniswap.
With the sushi chef drama behind, I don't think users will forget that event easily.
Everything is going on like a play, I see sushi should disappear from the market, a copy will never surpass the real one.
I'm a fan of original stuff, and uniswap's work has been getting great results in 2020. Sushiswap saw the trend and made a joke in this space.

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November 07, 2020, 11:13:39 AM
 #13

Alright, perhaps i am being biased before i share my view
But i certainly think that Sushiswap will not "Win" as a clone despite it introduce their own token earlier than Uniswap

Look what happened after
Once Uniswap introduced their own Goverance token, most of the liquidity flow back
Not saying that Sushiswap will gone, perhaps it could Co-exist with all other token pool
But "Winning" seems pretty impossible here as master chef had bad reputation after the token sold off :/

you pretty much nailed it w/ when uniswap introduced their UNI token + all the sushi chef drama.. was pretty much game over for sushiswap

They will find it hard to win over uniswap. So don't know where the story that they are winning here.
Maybe 6 months from now, once the defi hype is somewhat contained, we will know who is really winning here?
But I seriously doubt, sushiswap will overpower uniswap.
With the sushi chef drama behind, I don't think users will forget that event easily.
Everything is going on like a play, I see sushi should disappear from the market, a copy will never surpass the real one.
I'm a fan of original stuff, and uniswap's work has been getting great results in 2020. Sushiswap saw the trend and made a joke in this space.

What you said is absolutely correct and it will not help people to make a profit on the investment they made with the Sushi coin. Sushi coin has trapped many investors and suddenly the price dropped which many people afraid about the company due to fake team members.
The problem has started when there are so many drama happened with sushi. sushi just like a telenovela at that time lol
The garbage coin with non sense APY. Sushi was the first coin who has introduced the APY as the main feature to be offered by the buyers and holders.
Sushi just a copy cat from uni without any usefulness.
It's a crap coin.

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November 07, 2020, 06:43:12 PM
 #14

The only thing uniswap requires right now is a structure that would allow uniswap holders to make a profit from trading fee's, there is sooooo much money going inside uniswap right now and there is still fee's there as well, just make it very very small, like have a 0.005% trading fee, that is literally nothing compared to all the CEX places like binance, I have seen places charge as much as 0.25 at some bad places, usually lesser obviously, but NO place charges 0.005 so it would be still no brainer to continue uniswap.

However that would mean people would be able to make money with their money, if you hold uni token and help the system, you get rewarded with these trading fee's, the more trading there is the more money you make. That is how unitoken will become HUGE.

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November 08, 2020, 02:37:14 AM
 #15

Alright, perhaps i am being biased before i share my view
But i certainly think that Sushiswap will not "Win" as a clone despite it introduce their own token earlier than Uniswap

Look what happened after
Once Uniswap introduced their own Goverance token, most of the liquidity flow back
Not saying that Sushiswap will gone, perhaps it could Co-exist with all other token pool
But "Winning" seems pretty impossible here as master chef had bad reputation after the token sold off :/

you pretty much nailed it w/ when uniswap introduced their UNI token + all the sushi chef drama.. was pretty much game over for sushiswap

They will find it hard to win over uniswap. So don't know where the story that they are winning here.
Maybe 6 months from now, once the defi hype is somewhat contained, we will know who is really winning here?
But I seriously doubt, sushiswap will overpower uniswap.
With the sushi chef drama behind, I don't think users will forget that event easily.
Everything is going on like a play, I see sushi should disappear from the market, a copy will never surpass the real one.
I'm a fan of original stuff, and uniswap's work has been getting great results in 2020. Sushiswap saw the trend and made a joke in this space.

What you said is absolutely correct and it will not help people to make a profit on the investment they made with the Sushi coin. Sushi coin has trapped many investors and suddenly the price dropped which many people afraid about the company due to fake team members.
This time there are a lot of DeFi scam copy projects constantly coming out, I think people are careful with that, DeFi hype should end here, we touch the future and the trend is coming on the market. I see there will be a lot of sushiswap products in this space, this area needs to be more selective, and projects like sushi will have to disappear.

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November 08, 2020, 06:41:31 PM
 #16

I think in future what we are going to be saying about Sushi will be similar to what happens to other forks like ETC, BCash etc. people went into Sushi for the money and not the tech, Uniswap will take the AMM market just like Ethereum take the smart contract the only reason Sushi will have a chance is if Uniswap team mess up or if got hacked


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beerlover
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November 08, 2020, 08:02:37 PM
 #17

Uniswap basically changed the course of all exchange world with what they did, sushiswap just took that and copied it and acted quicker that's it, it is nothing that new. Did people really assumed it would take over? Sure they did, but it doesn't mean that they were right, they were not right at all, but they considered it could have been like a tesla/edison situation where uniswap would have been tesla while sushi would have been edison and we would have gone with edison.

However in this day and age, you can't be edison, if you act like a jack ass we will move on, there is always alternative (pun not intended) so you could just leave. Which is why uni is miles ahead, they are much better and they will probably stay much better for a very long time as well until there is a worthy competition comes along.

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turbo_trader0101
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November 30, 2020, 04:58:10 PM
 #18

Have you seen this https://www.kingswap.io ? New liquidity pool with debit card support, trusted team and super generous NFT farming. Just put NFT in your wallet and farm. No need to lock up any funds anywhere. I would say it is successor of U niswap and Sushiswap
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