That is the rub with providing liquidity, you must be ok with getting different quantities of either token back because we just don’t know how things will play out in the future. I’ve been in WAX DeFi since they launched it and I have no idea what I’ll eventually get back. I’m fine with both ETH and WAXP so whatever is fine with me.
Lost coins do not make the chains coins worth more,and in time will be able to be recovered with incoming digital ID will ensure all digital assets are recoverable and easy to transfer. Bitcoin is very sketchy and has become the main factor for dark money pools being used to pump and dump into clean money as sheep continue to buy into a possible 2x rather than alt coins or other projects with possible many 1000x returns. If your stupid enough to gamble just spread bet the market into something looking interesting,i previously called the doge pump because of the exit issues with bitcoin and predict big pumps soon on coins like WAXP while bitcoin eth and ltc should be seen as dumpers in the near future as altcoins soak up the dump as they try to cashout.
You should check out Taco Crypto on WAXP. They have defi, but it's mainly for gaming tokens on WAX. Additionally, they offset the defi part of things with a gaming universe that is hosted by venue NFTs that require a lot of the native tokens to upgrade. So venue owners are incentivized to keep the cost of Taco, Shing, & Oni up due to needing a constant supply for upgrades.
tldr; Web 3 gaming on-chain transactions and Unique Active Wallets (UAWs) recorded 37% and 60% growth during 2022, according to a report from DappRadar. The top three most popular gaming blockchains were Wax (WAXP), Hive (HIVE), and BNB Chain (BNB), with 353,000, 234,000 and 136,000 daily UAWs, respectively. On-chain game transactions have increased to 7.4 billion in 2022. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
\#5 is a good one. Some coins, like $WAXP, require a memo. Something like $USDC is supported on like 8 different blockchains. All the above have caused be to quadruple check that I knew what I was doing. Be careful out there.
Not the best way to get into crypto. But it was 2 yrs ago when i learned about nfts. Tried to do them but didnt have the money to start. So i gound that one website and swapped moons i earned over a month into XLM. Then i traded half for btc and half for WAXP. Which was the chain i used in the meantime. But from then on i traded most of it into btc. And ive used it like money ever since. Used my btc like usd in a wallet. Probably spent about $200 the past month and a half. So when it comes down to it I believe that btc would go to great heights in value then just stay there and replace usd in the crypto space.
hope I won't have to sell at this point, I know I should wait but I won't have any choice if I need money immediately. SOL will be really big I believe, I agree with you, I also have strong feelings about WAXP. not a financial advice obviously.
What are your newest 'moonshot' purchases? By moonshot I mean coins that you don't have any cult-like belief will succeed but that you know mostly likely will fail. But there's an outside chance they might go 10, or even 20x or 50x so you put no more than 100 bucks in it and buy no more than 10 such moonshots. Like better than a lottery ticket but not much better! :D I'm thinking about buying: ICP, WAXP, XNO, FIL, GRT, SUSHI, KDA, ALGO, IMX, ENS. What about you?
If we are questioning ADA being overpriced....someone explain ETH's price to me! Really, all of crypto can be boiled down to "hope you buy what the masses decide to buy" because the best are nowhere near the top utility wise. ETH, ADA and WAXP are all into the NFT space which shows how well the crypto performs in actual transactions (whether you like NFTs or not) The order of popularity and price/market cap is by far ETH> ADA> WAXP.... And it should be the exact opposite. ETH is garbage for transactions and has the highest fees. ADA has WAY less fees than ETH but has some issues with slowdown on the chain when things get bogged down. WAXP does MILLIONS of transactions every day, hardly ever anything slower than instant and has the lowest fees. Just goes to show... In crypto, don't pick "the best", pick what the masses flock towards....and we know how smart the masses are when it comes to quality 😂
This is def gonna be an unpopular opinion... But my least favorite thing about crypto is ETH being as popular as it is for NFT transactions. It is literally functionally worse than ADA or WAXP in every way. Stupid high gas fees, slow, unreliable network...you name it, ADA and WAXP do it better....none of that matter tho because ETH is winning the game and that's all that matters in the end.
Yup. I agree with him. Everyone and their mother can make an NFT, those are gonna be worthless aside from illegal activities. If I had to pick one that will last and skyrocket? Topps branded Garbage Pail Kids Series 1 and 2 on WAXP Blockchain (especially Series 1) Here are the reasons: #1. Garbage Pail Kids are an over 35 year Topps institution and one of the most popular non sport trading cards in the physical realm and have gone crazy price wise in the last 15+ years. #2 Certain Series 1 GPK physical cards have sold for well into the 5 digit mark and there were WAY less digital cards made than Series 1 physical. Only 110,000 digital GPK we're made by Topps. Millions we're made of physical back in 1985. #3. If you bought Mega packs of Series 1 GPK digital, you paid .53 cents per card. The floor/bottom price on those cards is $7.00+ and rising. OGs like myself are snapping them up whenever we get the chance as $7 is still way too cheap. #4. The more rare cards can and have gone for $50-500 to well over $1000. Remember, these aren't 1/1s like Cryptopunks so the per card price is cheaper but you can buy more. #5 Garbage Pail Kids Series 1 was the first "major company branded NFT" in existence. March of 2020. It was kind of a "trial run" actually branded by Topps. Before that release, it was just random people in the crypto space making NFTs. Most of those are the ones I think will fail long term. #6. I have sold multiple cards for over $500 that I paid a few dollars for. So my investment is already paid for multiple times over. Prices on this set are really low and will not stay that way, I will bet anyone 2-4 years from now prices will be minimum 5-7X or more...that is if a whale doesn't come in and scoop up most of the whole set that is currently in market. I've been a collector of physical GPK for decades, since Series 2 was released back in late 1985. I've seen how these go insane price wise and have made really good money off of them in that time both physical and digital. Long term, my advice is don't sleep on them. I was lucky to get in at the beginning and I'm still buying more to this day. Ok. My long winded rant is over. May all of your cryptos and NFTs moon.
I hold like 6 different "cheap" cryptos that I bought a couple hundred dollars of each. If any of them ever moon, I will cash out and party. Will never sell unless they moon. It's a gamble, just like life! Get rich or die tryin 😁...oh yeah, those coins... XDN PINK SiaCoin XMY WAXP (this one I truly believe in utility wise...I've made 5 digits just off of buying/selling NFTs on this platform last year) The last one is ADA. No, it's not a cheapo but it's part of my "cheaper" list. All of these to the MOON so I can quit working lol
Blockchains are just big databases. They are novel because they are being widely used and applied to storing big databases across a decentralized network. (oversimplified: The people who download and install the software on their computer for respective blockchains) Uses: 1- BTC mainly to store value, like dollars or euros; and to provided a trackable ledger that everyone can follow (main use of its blockchain--everyone has a copy of the ledger who runs that software) 2- NFT craze. To prove ownership of "something". Imagine you have a baseball card collection. Some of those cards are rare, some aren't. Some are one-of-a-kind, some have thousands of prints. Now imagine everyone in the world who collects cards could track your collection based on your username. Imagine you could buy/sell/trade/gift any cards you wanted, instantaneously, across the globe. Blockchain enables this, but in digital form. Alt use: imagine you are a painter. You paint some cool paintings. You sell them using the blockchain. The person who buys your painting gets a digital copy and the actual painting. Blockchain tracks and provides proof of owneship for it. (btw I think Topps/WAXP may set the standard for the baseball card analogy in the coming years) 3- This is one that I think hasn't really hit home yet for many. DEFI and smart contracts. Distributed Finance. Imagine you have some wealth. (see #1 above or ETHEREUM or another top alt-coin) You can (without having to use a bank or a money person or a traditional finance institution) in a matter of minutes, lend that wealth to an online DEFI platform. They, in turn, charge you a very small interest rate (better than a bank/traditional lender), and you can use the money they lend you against your Blockchain-based crypto to buy more crypto or to speculate or to pay debt, or whatever you want. It's a way of using your wealth to do other things with it, without having to cash it out into a form that will trigger taxes for you. The blockchain app or site takes care of all the details, so long as you have it set up to pay your periodic interest and repay the loan at the end of the term, or set new terms. In general, if I had $100,000 equivalent in an alt coin that is accepted as collateral, I could take $25,000-$30,000 out in cash against it using DEFI. (the larger ratio is due to the volatility/price change swings of crypto)
Yea I guess I didnt *necessarily* believe in it long term. There was some particular news, like Funko, that got me in, and after I got my gains I got out because the future seems a little more uncertain for nft in general. Im sure WAXP will moon to $1000 soon and be yet another old bag on my list of lost millions..
All these coins suggested aren’t close to the return the examples he’s provided. If we’re looking for degenerate gains we can look at something like COTI with a similar market cap as a comparable LUNA we see a potential 100x. Crypto gaming is going to boom. I’ve got my bags in VRA SAND WAXP GALA. Merry Christmas
LMAO I certainly am not holding WAXP/WAXE for an investment. I don't even think there is a path to liquidity for it and would highly recommend nobody invest in it for that purpose. But WAX does host some cool NFTs like those from Atari, Capcom, GPK, Robotech, etc. I don't use DO but it's probably the most talked-about platform over on /nft.
I’ve been playing around with NFT games for most of the year and only recently have been doing some deep dives into the art scene. Until I noticed the performance of WAXP, I never really saw what I was doing as an investment. I still don’t totally. They’re fun, but don’t sell your house for them. Support some cool folks, find a few communities to chat with, they’re about the only real perks in the scene right now. Like all crypto, they’ll be more useful and more common as the technology evolves
yeah. Your post brings up why I won’t invest in these gaming tokens. Still haven’t bought UOS, as there is no working playform yet, but makes more sense than game tokens. I’ve thought about WAXP as well as it is tied to 100s of games. Only two I’m willing to entertain.
WAXP is a great project they’ve been doing this for longer than most meta tokens. There’s so many partnerships with the real world allready and games like Hodl God. Waxp is a blockchain for nfts and gaming. I think it’s undervalued af
WAXP, they have very useless nft dapps. But the smart contract potential is still there. Plus they are working with irl companies on vIRL nfts. Basically buy a real life item as an nft. Then save it or send it to someone. They can redeem it on there dapp for the irl product. Saves sending packaging as many times as it’s sent. And say you dont want a gift, say vr headset, then you can take the nft and resell it instead of packaging it and mailing it to a buyer. Another added bonus is it can prevent bot buying, also WAXP is a verified green chain. And their vIRL nft program plants a tree for every $1 spent on vIRL nfts. They are even going to be working with amazon soon.
I bought, in order of size: BTC, ETH, SOL and WAXP. BTC and ETH because it's a no-brainer. BTC is a sit and hold for at least 4 years. Anyone with half a brain can see it, so it's by far my biggest holding. I expect ETH to get much more expensive when it upgrades to 2.0 next year. I bought SOL, but less of it, because it's a bet against ETH. Just in case ETH never goes 2.0. I bought WAXP because the next generation knows what metaverse gaming will look like way better than I do, and it's used across a number of metaverse games.
Basically you start off with a pick and use it to mine TLM every 10 minutes on a planet of your choice, each planet has different payouts and buying tools with WAXP increases your earnings, you literally click mine once every 10 minutes and it gives you a random amount of TLM. After you hit a certain amount you head to Alcor exchange and connect Wax wallet, convert TLM to WAX and then send that to an exchange and convert to fiat or other coins, that’s basically everything you need to know before you play. Plus every so often you get a free NFT although I’ve only ever got about 5 but one was worth £1000, obviously I sold it but some things are selling for £1000s on their marketplace.
I’ve always been on the WAXP wagon, well at least for the last two years. I could only trade it on the Bittrex exchange but I hope it get listed elsewhere that’s accessible in my country. I successfully rode the coat tails of several pumps and random price spikes (kinda predictable random spikes up and down). It all came to a halt when my Bittrex account was hacked into and emptied. I’ve missed the ole WAXP ‘_’*
10. WAX (WAXP) up 67% 9. Voyager Token (VGX) up 83% 8. Avalanche (AVAX) up 90% 7. Livepeer (LPT) 6. IoTeX (IOTX)up 122%5. Kadena (KDA)up 150%4. The Sandbox (SAND)up 203%3. CryptoCom Coin (CRO)up 260%2. Loopring (LRC)up 270%1. Gala (GALA)up almost 600%
Does anyone know anything about WAXP? AMC/Sony came out today saying they’re making NFT’s with them I’m a noob and not even qualified to understand DD or what makes a good coin so any insight whether it’s so shit it doesn’t matter if they’re partnering with them would be greatly appreciated