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r/CryptoCurrencySee Post

Level Finance suffers $1 million hack amid buggy smart contract exploit, loses 214K LVL tokens

r/CryptoCurrencySee Post

After nfts and meme coins, decentralized on-chain perpetual trading exchanges token are new hype

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r/CryptoCurrencySee Comment

I don't hear much about it lately. Even though it achieved a new ATH in the previous cycle, I don't believe it can do it again. It may be better to look at some new hot narratives, such as LVL, QANX, or some projects from the RWA sector. In the last bull, many old projects didn't succeed in getting close to ATH. It will be the same this time, it's just a question of which of them will fade away...

Mentions:#LVL#QANX
r/CryptoCurrencySee Comment

How can this Hacker send more than 1 BTC with LVL 1 ver

Mentions:#BTC#LVL
r/CryptoCurrencySee Comment

That's a LVL 99999 scam. It says scam on the whitepaper and still succeeded.

Mentions:#LVL
r/CryptoCurrencySee Comment

The comments below are so detached from reality that it you can only assume the only things people have seen is either BTC or cumrocketinu69 coin Then again r/cc is the WORST place for any information on crypto as its always 5 years behind. There are hundreds of revenue-generating products and tokens that pay you the revenue of the platform for the services they provide. Theres literally entire sites dedicated for this like [https://defillama.com/fees](https://defillama.com/fees) and [https://tokenterminal.com/terminal/metrics/revenue#data-table](https://tokenterminal.com/terminal/metrics/revenue#data-table) Use DeFillama for more friendly UX and sort by holders revenue. These are all platforms and protocols that pay the user based on ACTUAL usage of their PRODUCT. Not minting tokens out of thin air, not some ponzi stuff, just actual usage and fees collected by people paying to use a service distributed to holders. \- GMX is the most solid example here being a leverage trading exchange on arbitrum. People pay fees to use the exchange and 30% of that gets distributed to holders of GMX. Same thing for GNS, SNX, LVL, and UNIDX on this list. \- Then you have protocols like THENA, VELODROME, CRV which are just normal spot trading DEXs which distribute some of the fees people pay to stakers of the token \- Then you have protocols like CONVEX, AURA, and RADIANT which have paying customers to do a service for them such as automated tasks, loan markets, or staking optimizer services. This whole narrative that anything besides BTC is just a ponzi is just an extremely butt hurt BTC maxi that their precious network cant do anything useful other than be traded on a CEX. Yes 99% of coins are ponzis but that's just a flawed interpretation of the statistic. 99% of stocks are also bullshit and 99% of companies are also bullshit. 99% of people that has started a restaurant has failed if it hasn't lasted more than 3 years. You see how the statistic means nothing? not even 1% of traded volume touches this 99% of ponzi esque projects so I'm not sure why its even brought up. If this was 2017 anyone can easily agree with you but this is what I mean by r/cc is literally 5 years behind because these tools and revenue-sharing products have existed for a very long time now. Anyone saying that crypto doesn't have any value backing its price is pushing a narrative or just completely clueless repeating some comment they read on forbes from 2014.

r/CryptoCurrencySee Comment

And this is actually amazing. Despite everything that has happened the one thing you **cannot** say about Binance is that you can't get your funds. Binance is super resilient like a LVL 99 metapod that keeps using "Harden".

Mentions:#LVL
r/CryptoCurrencySee Comment

Amazing read! I love the second & third points. I'm never a maxi of a particular chain, always diversifying my investments in multiple chains to maximize ROI. Got into LVL on smart chain & PENDLE on Arbitrum & it's doing fine, and will invest in Credit Protocol too when it launches. For airdrops. I have been interacting on Zksync since last year. Hopefully, it launches soon.

Mentions:#LVL#PENDLE
r/CryptoCurrencySee Comment

MOVR, ILV, EJS, Mars4, GMX,LVL,UBT

r/CryptoCurrencySee Comment

First of all, no, cryptocurrencies aren't going back to being a niche market. Dubai is opening up to attract talent and become a hub, UK is adoption heavy, Europe is drafting legislation that is much more friendly. Hell even China has released papers about web3 and taking advantage of America's stance. How am I coping? Easy - remind yourself that bull market gains don't come free, the price of admission is soul crushing despair during the bear market. Everyone 'knew' there would be another cycle by now, but people who didn't stick around in 2018 didn't appreciate how hard it actually is to get through a bear market without either getting shaken out of your position or leaving because of the mental illness. ANYWAY The only projects I'm confident in with the way you're specifying are eth/btc and projects (mostly decentralised exchanges) that earn a lot of fees: [https://defillama.com/fees](https://defillama.com/fees) I quite like JOE, and LVL, JOE because of the UX and presence of multiple chains, LVL because of small mcap but comparably massive fees. All of these perps dexes and stuff will probably benefit long term from the recent types of events as people will go towards decentralised/uncensorable ways to trade As far as dope alts that are more risky but I'm buying into for outsized gains/gambling: JIM, DMT, Remilia NFTs

r/CryptoCurrencySee Comment

They feel threatened by other cryptocurrencies. Some Bitcoin maximalists believe that other cryptocurrencies are a threat to Bitcoin's dominance. This can lead them to be hostile toward people who invest in or promote other cryptocurrencies. It is important to remember that not all Bitcoin maximalists are toxic. I used to be ETH maxi but now I try to learn about other cryptocurrencies or chains. Arbitrum has been looking good and more profitable for me than holding ETH or BTC. Took my own time to learn that being maxi can cost you sometimes. Now experimenting with low-caps projects like GMX, EDE, or LVL on optimism. CREDIT is looking promising with their oracle free lending/borrowing protocol. The bottom line is it's not profitable to be a maxi tbh.

r/CryptoCurrencySee Comment

Along with the other guys listed, there's Tezos, Algorand, Avalanche, Solana, Flow, Aptos, Vite, Stellar. Only really Ethereum + LV2s and BSC have much of a lively DeFi scene but having used like a dozen chains at this point, Cardano is pretty expensive for DEX transactions compared to like Tezos, Algorand, Soland because of batcher fees. 2 ADA batcher fee is currently about $0.70 US which is higher than what I remember on BSC. A little higher than most ETH LVL2 currently https://l2fees.info/ That along with the smart contract collateral mechanism also makes it more difficult to use for users trying to be active but in countries of low income.

r/CryptoCurrencySee Comment

Ethereum LVL 1 sucks. The only thing better about level 2 is the lower fees but then the whole ethereum ecosystem is split between a dozen chains. Liquidity is split across chains. The token you want may be most liquid on ETH LVL1 then 2nd on one of the dozen LVL2/side-chains that you may not be onto so you have to bridge over to the other chain. Rinse and repeat and you may be dealing with "Ethereum" tokens but have them on a dozen different chains. It's a terrible experience. Then when you deal with centralized exchanges, you can't be certain which lvl2s they support if any so you'll be bridging around to be able to transfer to your exchange of choice. Ethereum sucks, it's just the first smart contract platform so it has inertia but overall it sucks to use

Mentions:#LVL#ETH
r/CryptoCurrencySee Comment

tldr; Hackers exploited a Level Finance smart contract vulnerability to drain 214,000 LVL tokens from the decentralized exchange and swap them for 3,345 BNB, worth approximately $1,100,000. Level Finance said the attack did not affect its liquidity pool and the DAO treasury, and the exploit was isolated from all other contracts. The LVL token lost roughly 50% of its value immediately after the attack was made known. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

Ah so the attacker exploited a bug that allowed multiple claiming of referral rewards. They ended up draining 214k LVL tokens via this method, and then swapped for 3.3k BNB or approx $1m.

Mentions:#LVL#BNB
r/CryptoCurrencySee Comment

Hacker created an unverified contract 7 days ago and are currently withdrawing LVL tokens in increments of 15,000 using the delegate function. The hacker's source of funds came from Tornado Cash.

Mentions:#LVL
r/CryptoCurrencySee Comment

I’m pretty big on DEX perpetual exchange tokens, they’ve all done pretty well through the bear and I expect it to continue as volatility and volume rises. This would be GMX, DYDX, GNS, LVL, and INJ mainly. They all hold value as they accrue platform fees, I’m sure a couple will rise to the top and sustain a majority of the volume.

r/CryptoCurrencySee Comment

Peer 2 Peer transactions. Very useful, relatively fast and as secure as I am. Only complaint is the volatility, risk and fees. I can choose to use a stablecoin but depending on the network that they're built on, fee's can be too much. Often times stablecoins cant be audited by an individual. It's not like I can have whoever is storing USDCs reserves to send me an update on what the reserves look like whenever I ask. Then there's LVL 2s. Volatile, exploiting risks, bad actor risk etc. They may be cheaper to use but far less practical to hold. At the end of the day it's much easier to buy bitcoin from an exchange using a credit card, immediately transferring it to whoever I'm paying and then it's up to them to sell it immediately. With such a short timeframe you're looking at minimal volatility so everyone should be happy.

Mentions:#LVL
r/CryptoCurrencySee Comment

Never withdraw ETH using the base ETH network. Plenty of exchanges let you withdraw to Arbitrum/Polygon/Optimism/etc. From there you can use orbiter finance to bridge to Nova. Or at an exchange, buy USDT and then transfer that USDT to MEXC using an ETH LVL2/Tron/Algorand/etc networks and buy moons there

Mentions:#ETH#USDT#LVL
r/CryptoCurrencySee Comment

Good to know. But for me I've been using Binance, KuCoin and MEXC for perpetual trading. I got to know about level finance when MEXC listed their token LVL. It's is an audited smart contracts platform that offers perpetual trading. I really wanna explore it to see what perpetual trading looks like on DEX.

Mentions:#LVL#DEX
r/CryptoMarketsSee Comment

These are great opportunities leading up to the next bull run. But you kind of get the the feeling, lightening doesn't strike twice, will they have the kind of run they had in the last run? I doubt it. I'd go for more undervalued alternatives for MATIC, OP is a good contender, CTSI too because though not much known now, that will change when blockchain OS rolls out beyond testnet and projects start building on it. GMX did very well and as a result lots of other perp dex are springing up. LVL is making a killing, I'm actually looking at LMDA and OPX to follow suit.