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Author Topic: Bitfinex Lists 12 New ERC20 Tokens, Altcoin Market Signals Recovery  (Read 24 times)
d-unknown
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April 09, 2018, 02:58:13 PM
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In its latest announcement, Bitfinex introduced 12 new ERC20 tokens on its trading platform. The exchange made a special notification of the stable coin Dai that is the main competitor of Tether (USDT) which holds the same CEO as Bitfinex reportedly.

Bitfinex introduces 12 new ERC20 tokens for BTC, ETH, & USD trading pairs

Read here: https://coingape.com/nano-cryptocurrency-class-action-lawsuit/
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IgorShumilo
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April 09, 2018, 03:05:47 PM
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Why is adding a heap of trash 20 stuff, for what? Do you want to increase the trading volume?) How do you think for what it's done?
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April 09, 2018, 03:11:49 PM
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In its latest announcement, Bitfinex introduced 12 new ERC20 tokens on its trading platform. The exchange made a special notification of the stable coin Dai that is the main competitor of Tether (USDT) which holds the same CEO as Bitfinex reportedly.

Bitfinex introduces 12 new ERC20 tokens for BTC, ETH, & USD trading pairs

Read here: https://coingape.com/nano-cryptocurrency-class-action-lawsuit/

I gotta be honest, this doesn't signal any kind of altcoin market recovery at all.
To me, it just signals that greedy bitfinex is pulling off another greedy bitfinex type move.

It looks like a hedging move between tether and dai.
Release a bunch of shitcoins and promote their trading pairs with tether and dai and voila!
You have fooled people into enriching your own capital.

Personally, I stay far away from tether, the absolutely worst "Make money out of thin air" project I have ever seen.
Although it is commonly used in exchanges now, I would advise you stay far away from it.
It is totally unsustainable and unusable.
Try changing your usdt to the actual usd it claims to represent, yeah good luck with that.

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April 09, 2018, 03:16:06 PM
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Any honorable mentions as to at least one of those tokens aiming to have a significant impact or utility.





https://i.imgur.com/MzolShD.jpg


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April 09, 2018, 03:35:03 PM
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bitfinex is a great exchange .. I'm not surprised.
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