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i'd have a lot more faith in the future of FEG if they'd been promoting fegex and SD projects from the start.
yes, trust is earned.
and support is earned.
if FEG's team wants the SD projects to support them, going forward they must help us.
not just a little, but a lot.
no more "us vs them".
if we're all in this together, that main FEG account should be retweeting every legit SD project. so should all their influencers.
some have said the team can't play favorites, they don't want conflicts of interest, and that's understandable.
but it's clear SOME projects outside of FEG and ROX do get their support.
bottom line: they can't continue to ignore high quality projects, borne of their own ecosystem, and call that "fairness".
As you, we here in DEGEN are still waiting to see what will come up from this, a lot of us have been in FEG for "centuries" (or at least it feels like so) and this turn of events was definitely not expected from anyone.
Since DEGEN is basically still a StartUp we're not worried about the future of the project, but would still like to see FEG get thru this. So much hard work and effort was invested in it. Just the concept of baseline as something that you can always count on was giving investors a sense of security that just couldn't be had on other exchanges/platforms.
There is not much we can do now, but hope the FEG team will find a way to overcome the current problems. Trust is like a piece of paper, once crumpled, it's hard to be perfect again.
Nevertheless. we'll be monitoring the situation and will react accordingly. Please feel free to ask if you have any questions.
Regards,
Eric for DEGEN team
69SD Takes on the Recent Fegex Exploits.
The fact that these exploits happened in a very sophisticated way it is suggesting that the person/persons behind it were studying FEGex for a long time.
The interesting point that they did not spend the fund and they are showcasing other aspects of vulnerabilities within smart swap/SmartDefi codes and functionalities is also bringing this hope to the public that it might be an eye-opening white hat attack.
In the past we have seen exploits in Pancakeswap, Sushiswap and etc. We have seen trade halts up to 3 days and beyond but those projects returned way stronger than before.
Unfortunately, 69SD as an infant project with very low liquidity was launched at the worse possible time for Fegex but we believe in this project and we are also investors.
I would say the way the Feg Team and chief developers are handling the case is beyond humble.
Feg is and will be the only Community-Driven project that we keep believing in.
Always DYOR and assess Risk/Reward in your trades. Putting money into what you really believe in, is called investment.
Best Regards,
69SD
Like I said the hackers seems to be better than the programmers and developers. I didn't sell but actually added on some at a huge bargain but then they shut down buying. But losing 50% to 90% in a day in equity pretty much across the board is not acceptable. We shall see if there is a fix. Many didn't trust crypto security before. Now all have another BIG wake up call.
what's that about FEG Stocktwits?
could you share a link plz
I can say it is a difficult moment for the big tokens of SD. Most likely a consequence of the current events with feg/rox. The projects themselves are not different. It's just wallets selling tokens they HAD. This technically could've happened at any time?!
It sucks and SD will have to rebuild its confidence but, all the legit projects are still the same. Their purpose is still what they were 24hrs ago.
It's easy to spot the small-time scammers, but big whales selling their whole bag is just chaos and we have to brave it.
On the subject of FEG & ROX being paused for a moment, we can only stand witness and hope for the best.
There is a guy "RT747" on FEG Stocktwits page that is all over this and appatently very connected to FEG. He gives good intel.
Yes it appears the crypto hackers are better than the crypto programmers. It will be a long time before trust is restored.
just posted in the FEG telegram:
https://t.me/fegtoken
The drop in value is BAD. The sucker punch to the gut of trust may take LONG time to recover.
What the hell is going on in Smart DeFi, Massive 91% loss by FOOK to .20s, SINU down 51%, BABYKRAKENS down 38%. Any developers here to speak up?
Safe haven? How did FOOK just go down to .27? yes 27 cents!
SD tokens will get a helluva boost if this LUNA tweet is correct:
https://twitter.com/CALONMILYARDER_/status/1526047977261137922?s=20
Yes you added some coins to my buy and I thank you. Very professional.
Thanks CB for your efforts on this!
Hey lakers- i reported all the issues directly to feg devs
There's definitely some txns not making it across on charts and delays all around. They'll sort it out.
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RBL is currently developing an onboarding workshop for larger investors, which includes an introduction to Blockchain investing, SmartDeFi™ technology and a "How to buy and trade SmartDeFi™ tokens" walkthrough by taking the investor by the hand during a private & secure online session. Received donations for the workshop will in turn buy & burn RBL Token.
RBL will soon open up an email address to apply for an onboarding workshop pilot, but feel free to send us a message here on ihub if you are interested to enroll.
RBL website
RBl onTwitter
RBL on Telegram
SmartDeFi™
Yes, SD is only a fraction of the FEG/ROX community today so much more volume there. Huge opportunity laying just around the corner, but even bigger opportunities beyond both communities. Time to get in is now in our opinion while sentiment is lowest and some SD projects are at a bottom far down from their ATH at time crypto sentiment and volume was much higher. Or projects that have just recently launched with strong use cases and teams. They too now suffer from low sentiment and volume in order to get noticed through the trade platform.
meanwhile, FEG and ROX are both trading just fine.
RBL scalped a bit of profits on Luna (4.5 BNB) and BurnIT (0.5 BNB) and topped up its holdings in SINU and SDOX and will continue adding to these projects in the near future as we support presale services within the SmartDeFi space. Majorly important!
RBL Team donated 10,000 RBL tokens to RBL Portfolio.
Tokens were sold to increase the Portfolio's position in FEG token.
RBL is confident the market will sooner or later pick-up the opportunity.
Holders received some nice reflections!
I think it is volume missing. The transactions on the blockchain are leading to be sure with chart issues. Could very well be a lot are sitting on cash right now considering market sentiment or waiting for their BNB to increase back up. And weekends are lower in volume in crypto, yes.
We might plan a team donation (RBL) to the portfolio wallet, sell and then pick up more FEG at these prices to add to the portfolio. Let me have a look at that in the next hour or so.
I own 12 different SD coins and was buying some of each daily. There were way, way more transactions. Now almost none in the last 9 or more hours after Fegex acknowledged a node problem. I have never seen this few transactions in weeks. I still say something is off with fegex, unless it's just the weekend. Like I told RBL, buy a small amount of your own token and see if it posts right away.
The SD ecosystem is still very young, very few people even know it exists. The main thing is that the product is great, the innovation is there, and it just takes time for the news to spread. Being a pioneer in something has its advantages in the form of buying a projects while they are still at extremely low prices, but also the disadvantages of having to wait until the ecosystem expands and the volume starts to kick in. When you look at historical trading volume data on Dex platforms, you see a certain amount of extremely small volume, but when it starts to grow, it is usually aggressive and rapid growth: https://dune.com/1a1/badger---dex
Well a test would be buying a small amount of your own coin and see if it shows up on the fegex list for your coin and how long it takes to show.
It happens in SD. It is also part of being this early while the community is still growing. Huge opportunity being in and getting in SD now!
Last trades made. Bizarre volume and transactions are that low and no one is buying anything for 9 hours or more. I have never seen that.
You mean trade lists on fegexchange or transactions on the chain? In case last, the volume is just not there at the moment in SD.
I flipped through all my SD coins and there looks to be no transactions at all for many hours and very few in the last 24 hours. Something is definitely wrong.
Agree. This cannot be happening when FEGex goes to market and big volume comes in.
On the other hand, it is a beta version, but then at least fegex.com should work smoothly and perfectly, but seems to have same issues.
I am sure they are on top of it (maybe delay in hardware/chips to be able to resolve sooner) and having to deal with this is sometimes a painful part of being this early for us pioneers.
The spot price shown on the trade input section should always be correct (calculated from the blockchain) and there is a hyperlink showing that takes you to the contract bsc explorer to check transfers before buying/selling. This is an extra step I am doing now until fixed.
Thanks for your support brah
I have so little LUNA, I am letting it ride. I don't know if it's the weekend but Fegex is showing so few trades today in all my SD coins. If Fegex is still having a node problem that is not good. Transactions all need to show right away, not delayed or not at all. If they can't fix it promptly that is even worse for investor confidence.
X69SD -Reply on Extensible locked tokens:
Hi Eric,
Thanks for your question, so, as we stated before, the locker contract is extensible, which means we can easily prolong the timelock before locking time finishes, only if it is necessary based on our growth rate. It can be easily done by calling a function within the contract, you can check the Locker contract code here.
On the other hand, if we see everything goes according to our perception, we let the locked tokens be released (of course with an agreement with our holders and community members as we respect and appreciate the engagements of our early pioneers and adopters) then, we will use it for different purposes such as Smart Drop and Cex listings.
We also evaluate the expansion of Smart Defi space within other aggregators and how smart Defi can be grown beyond the Dex tools of Fegex in near future.
Smart Defi tokens are exchange platforms by themselves. It means liquidity pool, asset backing pool, and trade executions all are happening within the contract itself. Thus, Cex listing is just a matter of bringing publicity to our access token 69SD. Please keep in mind that we are trying to form a subscription system for interacting with our app/Dapp. So, in the future when people start to use our portfolio manager, it is planned that they at least hold 0.00069 Token to get in the state of normal tier.
We will introduce other tier base access services and features to our platform; more info on that in Q3 with our release of the application. that's the point we are very excited to see the public reaction to our project at that phase of the roadmap.
We are in the phase of gathering pioneers right now. However, we have done good showcases of how smartDefi utilizations are successfully happening with our access token 69SD. Examples of those utilizations are smart drop and easy access to liquidity reinjection without the need of using smart contract functions. A simple buy or sell after reinjection of liquidity will sync the injected liquidity.
For more information you can join our telegram community or subcscribe to our website for news and information on 69SD developments.
agree on all that. yes, indeed.
i think this is all media theater to create a crypto dip. wall street is loading up, and once that happens crypto will be in another bull market. jmho.
i also think the stablecoin narrative is really "on the nose" since 1 month ago politicians were touting how important it is to create a US CBDC (central bank digital currency) which would be fiat-backed and can track all spending.
maybe they'll even tax users at the point of purchase or sale?
i guess we'll find out.
RBL Portfolio got in yesterday, just before the breakout. Because that's what we do at RBL; invest super early in promising projects or jump in at the right time when sentiment is at it lowest! Currently hovering at 20x on the investment on a pullback after a high volume push to 30x.
The full position will eventually flow into RBL ecosystem by adding to RBL Portfolio - which invests early in the best projects SmartDeFi has to offer - and by buying & burning RBL Tokens - which makes RBL Token more valuable and scarce while also generating 39% in holder reflections from the burn transactions!
If this 'zero or hero play' works out, SmartDeFi and RBL Token holders will definitely notice! Let's go, Luna!
Read more about RBL's mission
Chat with RBL on Telegram
Follow RBL on Twitter
Trade RBL on FEGex
The only reason this LUNA post is accepted and stays up on the SMARTDeFi Tokens board is because you will pump all your favourite SD tokens with your profit 1M profit! huh? hehe
I couldn't resist and bought some this morning.
Ahh didnt see it! Thanks - LETS VOTE
We can add $LOTTERY to the list
voting is caring!
https://astrospaces.io/symbol/LOTTERY
Please help vote for SINU and others!
In the top right you'll see "Upvote"
SINU
https://astrospaces.io/symbol/SINU/0x252C41c6de973e4D31c770ED6a211BFAA699eB60
GIGACHAD
https://astrospaces.io/symbol/GIGACHAD/0xFBac31F68390fD62d6ff7dC9778688C21d672B54
DEGEN
https://astrospaces.io/symbol/DEGEN/0xCfE058c0646c0Eec7e042744D9B8787d0f047a34
What will happen with that 18.4% after those 3 months? Is there some sort of a plan for that
69/BNB sitting at a $9,330 market cap. now that is tiny!
https://beta.fegex.com/charts/details/bsc/0x1A6199b58D3D762e18F92ac6F7008DbDbaf16feC
Summary update of our post-launch activities:
18.4% of the total supply is locked in an extensible locking contract for initial 3 months.
9% of total supply was pushed in and out of smart swap generating 0.5% ROI to our pioneered investors
Lp reinjection of 0.45 fbnb taken place to reduce price impact in every buy and sells
The second manual burn event for backing successfully happened and we generated an accumulative burn of 1.89% of the circulating supply at this moment
Join our telegram community and let's ride together for our x69 asset backing boost mission
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69SD divvy Dashboard
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