Can we find a decent exchange? My last 4 deposits haven't gone through (and they aren't responding). On top of the loss at altily or whatever, there's a lot of lost supply now.
I think finexbox may have suspended deposits as a precaution to our last update to prevent the possibility of anyone selling coins from invalid chain.
Although i just recently seen where withdrawal fees have increased from 10 XFG to 1000 XFG, which is insanity.
Centralized exchanges will be an unnecessary middleman in this new paradigm...we just don't realize it yet. As you said, a lot of XFG supply has been lost along with quite a large chunk of capital in listing fees to multiple exchanges- all of which i would consider to be at a net loss.
Most of what COLD is being built for IS the response to these issues.
By sacrificing the idea that we
need centralized *exchanges to begin with, instead we use trustless platforms to sell interest yielded from Fango deposits in a defi environment...(XFG then becomes the hard-to-obtain admission ticket to its own decentralized economy)
(*)Goal being to build a model where one would never need or want to sell XFG, however, P2P protocols exist that can still facilitate XFG trading if needed, such as discord TIPBOT market
& eventually things like Haveno.
But just to be clear, Im not against anyone listing XFG to any centralized exchanges, i just personally feel my own efforts are better spent on the aforementioned scenario.
Also, some noob instructions on the COLD defi thing. I'd be down to deposit some FANGO but I don't understand the process.
COLD deposits are not yet live on Fango mainnet. Next release will add deposits, however, even then only in an experimental testing phase- as smart contract functions (interest) also need to be written.
Still, I agree, that's a good idea. Thank you for always keeping it real and speaking up about what needs work.
One step at a time we can climb mountains.
