Reddit Posts
ScoobyDoo Inu | Fair Launch in 10 minutes | Massive marketing | Low Mcap Gem | LP locked
Mentions
ETH is not on the list? and this is my first time with HNT. I got my list though BTC, ETH, MATIC(polygon got somethings going on), BAT(Getting a lot of buzz lately), TXA(further down in market cap but the hybridDEX and passive earning for SDO runners is giving it more attention than expected).
The word pumping is rarely used these days, you must be lucky with that one. Talking about DAO, you are right and its one of the major reason why I have got TXA on my list; as an SDO runner the being a part of the TXA DAO is like a dream come true and more benefit holding the governance token TXAD. Staking just 10 TXA can get me on the list of earning passively just running SDOs.
Maybe it's because you where lucky, I did same during Shiba and Doge era and had my biggest lost, so far I don't invest in meme, it's only token with fundamentals, a good example is TXA, which I can even stake to run SDO and earn reward in fees as well
Yeah, it's beneficial for holders because they can run SDO, are you participating in their prestaking program? TXAD will be rewarded to participant and will be a key determinant for SDO running structures.
And it does not end there, it will also allow holders to stake their tokens to run the SDO on the platform for rewards in fees which is quite interesting.
I was actually waiting to cop BTC at 20K and ETH at 1k or below but it didn't happen I hs to look into alts I looked up recently and TXA happens to be the top on the list, this is a utility project that allows holders to stake their tokens to run the SDO on the platform for rewards in fees.
TXA is much more than the hdex tho, the DSL is also a major breakthrough for SDO runners.
Talking from that angle, it's even more profitable for holders since I can stake the tokens to run the SDO on the platform fro rewards in fees
So much talk about TXA, understandably so building the decentralized settlement layer for the Tacen's hybridDex and enabling a cheaper and faster way to run an SDO is a major feat.
> I am fully aware (or atleast I feel I am )of the risks involved with ust terra If Luna collapses and UST depegs the only thing holding it up will be the BTC reserves, which amount to ~10% now and eventually will be about 65% of the value of UST. Just about every undercollateralized stablecoin has collapsed, just look at previous ones like Iron/Titan , FEI, SDO... etc. If UST loses it's peg and drops from $1 to $0.65 ( for example ) how attractive would that 20% interest really be? You'd have lost 15% of the dollar value if the collapse happened after a year of holding... Maybe UST/Luna will be the one undercollateralized stablecoin to survive... but the fact that interest is being subsidized by issuance rather than earned in a sustainable way makes it seem pretty high risk in my opinion. If the creators really believed in their design it wouldn't need to buy BTC with VC money to support itself. When people talk about sustainability it isn't about the current rate of interest, it's about the entire money flow of the system. Where is money coming in from to pay the interest? Luna is being burnt to create more UST, but where did Luna come from? At the initial token distribution only 4% was allocated to genesis liquidity, the fraction available for retail investors to buy. 26% went to VCs in private seed sales and the rest went to insiders (20% directly to the devs/creators, 30% under control of Terraform Labs and 20% kept as reserves). So in reality the creators made a token, gave it to themselves and sold some to some VCs, and have now created an elaborate way to convert it via UST into direct dollar value... but apart from this complicated conversion machine no actual value is being added to the system, which makes it look a lot like an obfuscated ponzi scam.
The question is how do we know the next coin that will do a 10x, not that easy. I'll just buy ETH and put the rest on on a lowcap with potentials, profitable and scalable solution like project TXA which is building a decentralized settlement layer solution for exchanges and making it seamless and less expensive yo run an SDO also building the DSL for the first hybridDex, a solution for exchanges will definitely be a productive one at this point.
This is best time to buy, since you have already filled up your bag no need to worry, I have as well DCAed into high caps like DOT, SOl and low cap like TXA since this dip started in January, they offer decentralized settlement layer to exchanges and with prestaking on SDO, hodlers can as well earn reward