🔷 Waves Tech - a powerful blockchain-agnostic ecosystem

[Dron Pelya]

Well, I like the way Waves platform developing. For example, users have already locked more than $26 million in waves.exchange liquidity pool. This is a lot, I think. And it's only in one week.

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[budlo]

WX Token Early Birds Program

Early-bird distribution

To take part in the early birds program, you need to provide liquidity to any liquidity pool. Currently, the following pools are available:
USDT/USDN
BTC/USDN
ETH/USDN
WAVES/USDN

Shortly, more and more pools will be added, which you will choose by voting with your gWX.
Among early liquidity providers, we will distribute 1,000,000 $WX tokens, which will be gradually unlocked over a one-year period following the completion of the early-bird program. The early-bird program begins on October 21, 2021 and will run for 5 weeks, until November 25, 2021. Thus, 1 000 000 $WX will be distributed among those who will provide liquidity to any pool between October 21 and November 25, 2021.
Your amount of $WX in the entire 1,000,000 token pie will be calculated based on your share in a specific liquidity pool.

Now, let’s have a closer look at the distribution algorithm of $WX. The 1,000,000 $WX reward fund will be distributed among the liquidity pools as follows:
40%, or 400,000 tokens, will go to the USDT/USDN pool.
20%, or 200,000 tokens, will go to the BTC/USDN pool.
20%, or 200,000 tokens, will go to the ETH/USDN pool.
20%, or 200,000 tokens, will go to the WAVES/USDN pool.

Between October 21 and November 25, 2021, the Waves blockchain will generate a certain number of blocks, say 50,400. Let’s consider the USDT/USDN pool. 400,000 tokens / 50,400 blocks ≈ 8 tokens per block. Thus, we need to divide these 8 $WX tokens by all liquidity providers whose tokens were in that pool at that period (block) in accordance with their share in dollar terms. The higher a liquidity provider’s share, the larger share of these 8 $WX tokens they will receive.

A formula for $WX distribution among early investor looks like this:



IPB is income per block. In our example it’s 8 tokens per block.
h is the block height at the start of the early-bird programme.

userLPBalancei is a user’s LP balance in block i.
n is a total number of users holding LP tokens.
userLPBalanceij is the LP balance of userj in block i.

Early investors will be able to receive their tokens by following this link.

P.S Attention! It is impossible to get WX tokens from smart contracts or on the secondary market before the completion of the IDO! Beware of scammers!
Good luck!
https://medium.com/wavesexchange/early-birds-program-6221d0ad9526

[Dron Pelya]

Some big event dedicated to Swop.fi running is coming. There will be some prizes, related to Waves Ducks. As I understand, in order to get these prizes we have to hold SWOP. Waiting for further news.

[budlo]

What do you think about this?

Personally i think the project estimate is too high.
In order to keep abreast of everything that happens in the project i brought in 50$ 
Unlocking for a year i don't like it at all. I'm surprised that the project was able to raise so much funds.

[bct_ail]

What do you think about this?

0 left.

[coco23]

Unlocking for a year i don't like it at all. I'm surprised that the project was able to raise so much funds.

Yeah, 1 year is a long time in crypto land, however, the price of 1 USDN is guaranteed. If WX drops below that price level you can just cash out your initially invested USDN and do with them whatever you please.

It will be interesting so see the token price development of WX. It will open very high I think, but drop fast after a few months. Let's see if it can hold the IDO price of $1 in the long run. There will be a lot of tokens potentially (1 billion), however, not all might be created and there is the locking function which might remove a substantial amount from circulation...

[budlo]

Unlocking for a year i don't like it at all. I'm surprised that the project was able to raise so much funds.

Yeah, 1 year is a long time in crypto land, however, the price of 1 USDN is guaranteed. If WX drops below that price level you can just cash out your initially invested USDN and do with them whatever you please.

It will be interesting so see the token price development of WX. It will open very high I think, but drop fast after a few months. Let's see if it can hold the IDO price of $1 in the long run. There will be a lot of tokens potentially (1 billion), however, not all might be created and there is the locking function which might remove a substantial amount from circulation...

This ido was interesting only for big players since you still do not need to forget about linear unlocking. Apparently this token will increase profitability well we can expect that there will be not a lot of it in circulation.
This doesn't negate the fact that the project estimate is too high.

[coco23]

This ido was interesting only for big players since you still do not need to forget about linear unlocking.

I suppose this depends on what you define as a "big player". Waves blockchain fees are not that high (currently <$0.15 per transaction), so that even for a small investor who only claims his WX ~ once per month and sells them on the exchange immediately fees are less than $4 for the whole year (2x12 transactions).
Of course, this is almost 10% of your invested $50, so you are definitely no big player 

[budlo]

This ido was interesting only for big players since you still do not need to forget about linear unlocking.

I suppose this depends on what you define as a "big player". Waves blockchain fees are not that high (currently <$0.15 per transaction), so that even for a small investor who only claims his WX ~ once per month and sells them on the exchange immediately fees are less than $4 for the whole year (2x12 transactions).
Of course, this is almost 10% of your invested $50, so you are definitely no big player 

I'm an ordinary flipper. Having made a profit by participating in the swop (swop managed to sell at x10), i wondered whether it's worth participating here but after looking i realized that it wasn't worth it.
I bought 50 bucks for the purpose of a possible future farm on the site if it's beneficial then i could give my wx tokens.

[jerry0]

Has anyone here traded their waves/btc or whichever altcoin and staked USDN and did it for one year or more?  If so, experience on this?


Has anyone done this with big amounts?  By that I mean at least low 5 figures?

[Pascal Parvex]

Has anyone done this with big amounts?  By that I mean at least low 5 figures?

Not in staking, but I have low five figures in the M Bitcoin Algo token since a few months, and it has been mediocre, only a little over what staking would have brought. I plan to put all my Bitcoin into the https://vires.finance staking.

[coco23]

Has anyone here traded their waves/btc or whichever altcoin and staked USDN and did it for one year or more?  If so, experience on this?

Has anyone done this with big amounts?  By that I mean at least low 5 figures?

Hm, so you are looking for someone that sold Waves/BTC at least 1 year ago against $/USDN to stake it. Looking at the Waves/BTC price from 1 year ago that would have been a very bad decision 

I do have some funds in Vires (since Aug) and also the LP Tokens (since Feb), so far all is working fine. I am not sure what information you are after exactly. The USDN staking is done through a smart contract which doesn't care how much you put in and when you take it out. So far no problems were reported so I guess it has been working fine from the start until now.

[jerry0]

I'm looking for anyone that has bought USDN and staked it.  So whether they traded their waves/btc or whatever altcoin for USDN or did an ach/wire transfer and then somehow got USDN.


Such that they staked it for at least a year and how it went.  Such as if someone got 10,000 USDN or more and staked it for a year and how much USDN balance did they have at the end of the year.


Since I want to know if this is a good way to earn stable passive income similar to how I read you can earn passive income with GUSD on gemini or usdc on nexo/blockfi etc.

[Pascal Parvex]

The whole staking ecosystem on Waves works as intended. I just figured for myself that using Bitcoin for staking and algo is more lucrative.

Since I want to know if this is a good way to earn stable passive income similar to how I read you can earn passive income with GUSD on gemini or usdc on nexo/blockfi etc.

There are a lot of staking solutions out there, but not all let you control your private keys. Nexo and Blockfi for example are centralized, and you never know if they will not be tempted to run off with the stakers funds...

[MarquiseMuseum]

Prices lowered from $89 000 to $300

Anyone holding a few million of this token old or new investors:

https://waves.exchange/trading/spot/BS1KFNR8zrXKBEWdUUvpaP6G57Hic3aESkwK7qQKdLpB_WAVES

Can convert into Opensea NFTs edition 2 to 20:

https://opensea.io/collection/pimpfashion2

Simply send M2 stack to 3P4fxwqcMX8hEnnfD5WPBn3NNmZzozbHkb7 and email contact@marquisemuseum.com which NFT you want in exchange

If you want to swap back from NFT to M2 NFTx in the future use this button:

https://www.marquisemuseum.com/cube

Here is a new article about this project:

https://bitcourier.co.uk/news/marquise-museum

And here is the Virtual exhibition:

https://oncyber.io/@0xc742bce0c13e31f2bbec650d3a26058b64038832

Because this is a new deal it will replace the old redeem option of printed paper giclées which were also priced at $300.

Any wallet above 6 000 000 M2 can as such swap them for Opensea NFs as of today 9/11/21. I think all M2 investors will be very pleased with this news update.

Production cost per image was $135-$200



Double digit editions will correlate with 35 year price evolution of similar assets such as Andy Warhol 1960-1995 ($1000 to $15m). There are many other factors required to trigger those valuations. $89m unit value after 42 years is 35% y/y growth. Stock index is about 10% annual compounded growth.

The entire edition #2 of x30 NFTs is also open for loan collateral at 50% ltv which is $4500 at $150 per unit with monthly repayment $100. This offer is only for the complete edition 2 to creditor.

[coco23]

Since I want to know if this is a good way to earn stable passive income similar to how I read you can earn passive income with GUSD on gemini or usdc on nexo/blockfi etc.

Ah ok, so you basically want to know the return of the past year. I don't know if such information can be found anywhere (unless somebody put his money there and can see the statistics now, as you said)
There is some information for the last 60days here: http://dev.pywaves.org/neutrino/
According to this you would have got 10% for USDN Staking. I think this is a pretty good estimate for what you have gotten for the whole year as well. The APY for USDN was hovering in the 6%-15% region in the last months.

Depending on how many risks you want to take with your investment you could also check out the other investment possibilities in the Waves universe, such as liquidity providing (Swop.fi, waves.exchange, LP token), algorithmic trading (Lambo token), lending (Vires.finance)

[MarquiseMuseum]

Advicing M2 owners with 6m to swap for Opensea NFTs while Edition 2 and 3 are available

http://dev.pywaves.org/assets/BS1KFNR8zrXKBEWdUUvpaP6G57Hic3aESkwK7qQKdLpB

After swapping you can sell them on Opensea and in a few years they will be worth alot more than $300 but it is no guarantee.
It is possible to swap back.
Here is everyones chance to get a real Vintage 2017 ABT for 1/1000th of Cryptopunks price.



swap here:

https://www.marquisemuseum.com/cube



The NFTs were appraised to $47 000 each by SCC but I lowered it to $300 because there is no custom NFT coding in the ERC-20 token contract:

https://docdro.id/d42ND6g

https://etherscan.io/token/0xa4daae9552cd2390ee1dcdd1a76bc8d0eea22609?a=0xc742bce0c13e31f2bbec650d3a26058b64038832#readContract

$47 000 to $300 is a large discount it can go back to original appraisal because custom coding is a technicality there are many other provenance sources for this collection and it is the only ABT from 2017 backed by art instead of gold or stablecoins. It is also the first NFTx of its kind whereas all the vintage NFTs will have 2021 or later NFTx token supplies. Right now collectors don't value NFTx or generic ERC-20's but this can change in the future and then you will have made a good investment when buying now at $300.

https://opensea.io/collection/pimpfashion2

Production cost for hiring artists to enhance the images were $135-$200 and eth fee is $60 so $300 is the terminal floor for this asset otherwise I will be drawing loss for maintaining the project.

As you can see there are 20 planned mints of this collection of 32 images and price is doubling with every new deployment but I am starting to think $300 maybe it is too cheap.

Pricing And Mint Limit 2021-11-12:

Edition 1: Reserved $89 000 floor
2: $300 Per NFT
3: $600
4: $1200
5: $2500
6: $5000
7: $10 000
8: $20 000
9: $40 000
10:$80 000
11:$160 000
12:$320 000
13:$640 000
14:$1 000 000
15:$2 000 000
16:$4 000 000
17:$8 000 000
18:$16 000 000
19:$32 000 000
20:$64 000 000
LTV 90% Editions 6 And Up

[Bohdan820]

wx token price is 20$ new. I'm starting to regret that I didn't go to the project on the sale. My friend threw 50 bucks into the project, took 20% of the funds invested and more than 99% of the project's tokens remained in it.
It turned out very well in the end but I couldn't believe that would be so good...

[Dron Pelya]

There are another opportunities for wx holders. For example, all decisions in the ecosystem will be made by voting with gWX. Also WX holders will set pool weights, increase the profitability of a pool in which they invested or select new pools. So definetly there will be reasons to hold wx.

[budlo]

I shouldn't have doubted about waves.exchange, at the moment I was able to take 30% of the invested funds and in the future I'll be able to take 98% of the invested funds and this is in the worst case.
True, I have not yet withdrawn these 30%, sum it turns out $ 15 only