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you don't send money to pangolin. you just transfer AVAX to your metamask. it takes a few clicks.
buy AVAX on whatever CEX you like, transfer it to metamask.
very easy.
then pangolin acts like fegex. you hook up your wallet and trade.
so far all the tokens i bought have listings on CEXs as well as on pangolin. but i'm pretty sure we'll be missing out on leverage inherent in AVAX if we buy USD pairs, rather than AVAX pairs.
just as the value of a BNB-paired token will rise if BNB goes up.
link back to my previous post for some of the tokens i'm buying, i edited it to add those at bottom:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169084620
for trading with AVAX, i like pangolin exchange:
https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982
traderjoe is a larger AVAX-based exchange but it's slow to load charts and i didn't like how it wanted to add a network to my wallet automatically! metamask put up a warning that it didn't recognize the details of the network. so i avoided traderjoe.
by the way, to safely and easily add a network for AVAX to metamask, i went to https://chainlist.org/
you connect your wallet and then click the button for the network you want, and i think there are a couple of signings to finish the process. but very simple.
then i went to pangolin: https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982
sending AVAX to your wallet so you'll have spending money can be done just like BNB or ETH. transfers are really fast.
i'm building very small positions in these tokens. some of the ones i liked are PNG (hative token of pangolin), FITFI, ODDZ, JOE (that's the exchange i mentioned earlier), QI, others i'm not as sold on but grabbed anyway, are XAVA, SNOB, YAK. like smartdefi, some of these have market caps of like $175K, so imagine if a project like that went to $500M market cap. i couldn't resist grabbing a very small amount of those long shots.
trading is super fast, and fees are very low, like .12 or so.
for trading with AVAX, i like pangolin exchange:
https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982
traderjoe is a larger AVAX-based exchange but it's slow to load charts and i didn't like how it wanted to add a network to my wallet automatically! metamask put up a warning that it didn't recognize the details of the network. so i avoided traderjoe.
by the way, to safely and easily add a network for AVAX to metamask, i went to https://chainlist.org/
you connect your wallet and then click the button for the network you want, and i think there are a couple of signings to finish the process. but very simple.
then i went to pangolin: https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982
sending AVAX to your wallet so you'll have spending money can be done just like BNB or ETH. transfers are really fast.
i'm building very small positions in these tokens. some of the ones i liked are PNG (hative token of pangolin), FITFI, ODDZ, JOE (that's the exchange i mentioned earlier), QI, others i'm not as sold on but grabbed anyway, are XAVA, SNOB, YAK. like smartdefi, some of these have market caps of like $175K, so imagine if a project like that went to $500M market cap. i couldn't resist grabbing a very small amount of those long shots.
trading is super fast, and fees are very low, like .12 or so.
i've been thinking a lot lately about where the biggest leverage will be once the crypto bull reawakens.
AVAX is the native token for avalanche network, which is a newish blockchain, but it's been around long enough now to prove itself, and so far it's gaining decent traction, even during the bear.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169084582
i created a new board for AVAX and associated plays.
https://investorshub.advfn.com/Avax-Ecosystem-Tokens-41234
smartdefi was a good concept with poor execution, and it was underfunded.
AVAX is another developing ecosystem, but it's got big money backers, gets good media coverage, has strong presentation on social media, and has been around enough to feel very solid.
here's a look at some of the top token using avalanche by market cap:
https://coinmarketcap.com/view/avalanche-ecosystem/
i'm sure you've heard of the bigger names. but scroll down. it's a very long list. near the bottom, or a few rungs up the ladder off the bottom, there are lots of much smaller tokens, so that's where i see the best leverage.
what's nice is these tokens are lower priced but so far all i checked out are trading on CEXs as well as DEXs.
more about the leverage:
AVAX token is beaten down. so if it's trading for 1/6 it's value at the highs, and you can load up tokens that are beaten down on USD pairs, once the market returns you get the 6X leverage of AVAX returning to its top of range, plus you get the leverage of tokens moving off their chart bottoms.
as AVAX gains even more traction, beyond that initial leverage -- you get whatever additional upside AVAX has, it if can move from $24, to $150, to $1500 or higher.
i've been trading tokens in the avalanche ecosystem lately.
for an order that would cost anywhere between $25 and $80 to trade on ETH, with AVAX my fees are around .12
yes, that's correct. twelve cents.
plus it's blazing fast, and uses very little energy per transaction:
https://www.hostmerchantservices.com/articles/what-is-avalanche-network-avax-is-it-the-most-energy-efficient-crypto-network/
it can even integrate with, and speed up, legacy blockchains... and it's ready for the multiverse:
https://www.crowdfundinsider.com/2022/03/188018-avalanche-announces-avalanche-multiverse-includes-290-million-incentive-program/
so i'm betting crypto bear market prices for most AVAX-related projects will be like buying dot-com infrastructure plays after the nasdaq bubble burst, years ago.
if you think AVAX will be a rising star in digital assets, and drive web3, now is the time to start loading up on the native token, AVAX, and lots of other tokens using its network.
WhaleStatsAVAX - BabyWhale ($BBW)
What are the richest AVAX whales buying & selling? Follow along!
https://twitter.com/WhaleStatsAVAX
Top Avalanche Ecosystem Tokens by Market Capitalization
https://coinmarketcap.com/view/avalanche-ecosystem/
ALGO at .42 leading my watchlist.
$2.8B market cap. ranked #29 on CMC.
https://coinmarketcap.com/currencies/algorand
On Feb. 17, 2022, the Algorand Foundation announced a $10M grant to Applied Blockchain to develop the London Bridge, a trustless bridge that will bring Ethereum compatibility to the Algorand blockchain. Algorand has struggled to attract liquidity to its ecosystem, despite promising low cost transactions, low latency and high scalability. Having a bridge to Ethereum, which currently has the most robust DApp ecosystem, would allow Algorand to connect to these applications and attract more liquidity. In the long-term, the Algorand Foundation aims to have verification of other chains be performed on Alogrand’s smart contracts, by incorporating state proofs in the form of Compact Certificates into the Algorand Consensus. The foundation’s goal is to eventually solidify the DeFi ecosystem on Algorand.
good grab on AVAX. let's hope it dethrones ETH. it's faster, cheaper and uses less energy. AVAX is poised to take over the multiverse, web3, all the associated dApps.
https://www.avax.network/
maybe now that the SEC is going after binance, targeting BNB, this will enable AVAX to gain market share. if it does, investors will take notice, and this may hurt ETH most of all.
it's a chess game. and wealthy backers probably already know how it will turn out.
SEC Probes Binance Over BNB, World’s Fifth Largest Token
https://www.bloomberg.com/news/articles/2022-06-06/us-probes-binance-over-token-that-is-now-world-s-fifth-largest
SEC Probes Binance Over BNB, World’s Fifth Largest Token
https://www.bloomberg.com/news/articles/2022-06-06/us-probes-binance-over-token-that-is-now-world-s-fifth-largest
here's all i said about when i'd be buying them.
maybe an easy way to play this is to accumulate tokens of AVAX-based exchanges. check this out:
https://www.benzinga.com/money/best-tokens-on-avalanche-avax/
sounds like an easy way to play this is to accumulate some tokens of AVAX-based exchanges. check this out:
https://www.benzinga.com/money/best-tokens-on-avalanche-avax/
i've started reading up on AVAX more. they are fast, cheap, energy efficient and ready for the multiverse. probably a good candidate to flip ETH.
https://coinmarketcap.com/currencies/avalanche/
https://www.avax.network/
https://ecosystem.avax.network/
so that got me looking into tokens that trade as AVAX pairs. TraderJoe is one of the top exchanges that uses AVAX for funding.
i was confronted with a long list of tokens i knew nothing about. the ones that stood out were Ape and Thor but there are probably some hidden gems in this AVAX ecosystem. and there are other defi sites besides TraderJoe that support AVAX. see screenshot below.
my takewaway is if AVAX now trades for $25.94, and if it can do a 10X as other tokens like ETH and BNB do a 3X, then we'd get more leverage trading AVAX pairs.
maybe before the next bull run we can investigate which are strongest.
i'll cross post this to lakers' board.
i've started reading up on AVAX more. they are fast, cheap, energy efficient and ready for the multiverse. probably a good candidate to flip ETH.
https://coinmarketcap.com/currencies/avalanche/
https://www.avax.network/
https://ecosystem.avax.network/
so that got me looking into tokens that trade as AVAX pairs. TraderJoe is one of the top exchanges that uses AVAX for funding.
i was confronted with a long list of tokens i knew nothing about. the ones that stood out were Ape and Thor but there are probably some hidden gems in this ecosystem.
my takewaway is if AVAX now trades for $25.94, and if it can do a 10X as other tokens like ETH and BNB do a 3X, then we'd get more leverage trading AVAX pairs.
maybe before the next bull run we can investigate which tokens will be the best runners.
screenshot below is a list of decentralized exchanges and various defi sites that use AVAX.
i'll cross post this to the saloon board.
MOOV lists on Kucoin tomorrow:
📢 New Listing$MOOV @dotmoovs gets listed on #KuCoin!
— KuCoin (@kucoincom) June 6, 2022
🔹Pair: MOOV/USDT
🔹Deposit: now open (network: BEP20)
🔹Trading: 10:00 AM on June 7, 2022 (UTC)#Move2Earn #Sports #Play2Earn
voting has ended. migration/merger and tokenomics questions? around 1,385 cast. this name and logo change proposal got the higest engagement, but it was still only 1,469 total. out of 1M+ wallets. at most, that's a mere 0.1469% who cared to vote.
maybe the button (upper right) that says "connect wallet" is what scared some folks off.
https://fegtoken.com/
https://docs.google.com/document/d/1Aq32EpjtbswABrZAA0qKIInmZlvtg4ojFzwcbVjyeFc/edit
i found the twitter account for the LUNC dev doing the staking to burn "LUNC DAO" project:
https://twitter.com/asparagoid
he loves to tweet about losing his hair, how his followers all look ugly, and other fascinating things.
here's his LUNC DAO twitter account:
https://twitter.com/LUNCDAO
this is a typical tweet:
https://twitter.com/LUNCDAO/status/1531690947913859076?s=20
now think about how apple computer would present a crypto project, or any of the top-tier cryptos. see the difference?
it's just silliness. unserious and unprofessional. and he's the main validator on the network right now. who would trust this person enough to stake their tokens?
why would anyone good want to become a validator and share space with this nonsense? especially if they have to fight with kwon and his fans for votes on proposals.
it can be done, but i suggest keeping track of the SD tokens that relaunch on pancakeswap. buy a little, watch them trade. get a feel for the tokenomics of each project, advantages and disadvantages. join some telegram groups, study how the are promoting themselves. think about their marketing strengths and weaknesses.
if you launch your own token these will be all your headaches.
plus the initial time it takes to hire someone to code the smart contract and the money required to get it properly audited.
you owe it to your holders to be really good at this, not just winging it.
and i can count on one hand the SD projects that were checking all thees boxes. it isn't easy.
no, and i refuse to follow kwon. i doubt he'd follow back anyway, which is the only way we'd be able to see his tweets now.
i saw the LUNC DAO telegram group was forming and it was full of excited people, hoping we could do a burn tax. i posted about that several times there, it was a very popular idea but no one in authority said "yes, we're going to do that". it was like i was invisible.
granted that LUNC DAO group is about staking and burning, but it's clear no one wants to stake this token. who could trust they wouldn't lose tokens doing that? this is why i thought an automatic 2% burn tax would be so effective.
then i saw the governance process on terra's site and all the bickering, people who owned LUNC angry because kwon is still involved and his cronies were negatively impacting votes that would help LUNC. it's like kwon hates us.
i'd like to see any authorities with jurisdiction absolutely throw the book at kwon.
that'd send a message to future crypto scammers -- including the biggest ones -- they can't rip people off and expect to hide behind "lack of regulations".
a move like that would probably spark a huge bull run in all digital assets.
exchanges rushing to help kwon launch Luna v2 when they knew there was potentially a lot of illegal or unethical behavior in Luna v1 has made crypto's biggest dumpster fire (UST crash) far worse.
do they think no one is watching?
Luna v2 was rammed through faster than a two-bit scam rugpull.
i still have a small LUNC position in case anything dramatic happens when i'm not looking, just a longshot bet, in case a reversal takes hold.
but for now my plan is to reload as cheap as possible and filp this crap for break-even or profit.
the only play here was a rescue by buterin or other big fish, but until that happens, who wants to catch the knife?
it's not a meme token, it's a failed utility project that was doomed from the start, run by a total scumbag crook.
https://www.benzinga.com/markets/cryptocurrency/22/05/27387633/did-terra-luna-have-a-kill-switch-why-do-kwons-comments-from-2021-are-going-viral
Japan Passes Stablecoin Bill That Enshrines Investor Protection
https://www.bloomberg.com/news/articles/2022-06-03/japan-passes-stablecoin-bill-that-enshrines-investor-protection
here's an example of how financial media plants the seed that crypto won't be dead forever:
https://www.cnbc.com/2022/06/04/deepak-chopra-crypto-here-to-stay-and-now-is-time-to-think-long-term.html
they know the bear is temporary.
as soon as all the boats are loaded, regardless of what world economies are doing, i'll bet we start hearing "wall street money is speculating in crypto, where the drivers of profit are innovation and utility".
crypto could easily become a profit center during rate hikes.
media can just speak it into existence. lol
i know all of us who own those SD tokens are frustrated. each project had its own unique chart.
the entire ecosystem was much more organic -- buying pressure had a direct impact on price.
every one of the SDs had a nice low market cap.
projects were fairly differentiated, as far as tokenomics, and even on the community level. telegram chats were small enough to be manageable, each with its own vibe.
now we're back into the larger markets where everything is tracking with bitcoin.
i am hopeful we can restore a lot of what we lost and even improve on it. getting listed on coinmarketcap, trading on pancakeswap, etc.
it's cyclical and driven by mostly fake algorithmic price action:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169057411
people with big money have all the time in the world to wait, while media pushes a narrative of weakness and retail traders (who have bills to pay) spend months, even years, coughing up their tokens at the chart bottoms.
then it's a bull market again, and retail gets to ride the wave back up. if they still have cash to do it.
here's a brief FOOK token update from their telegram:
https://t.me/FOOKToken
thoughts on LUNC here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169057509
that binance LUNC launch (around 5/30/22?) was their pump for exit. we ran nearly vertical, straight up to .00019 for their dump. the binance chart shows it wicking to .0003
now we can try to guess where (or if) they'll reload at bottom.
at the present rate of decline, we're about a week away from .00001
if it gets there will whales load up trillions, burn a few trillion more, then suddenly add a bunch of utilities for value, or will it become a zombie like Dogecoin, which dragged through sub-pennies for years.
if the likes of CZ and buterin have given up on helping LUNC holders get whole, this has become a risky play, even at bottom.
we've discussed a burn tax here, and that's a very popular idea, but i'm finding out it has to make it through a governance process on terra's website, passed by a vote, which includes kwon and his v2 cronies.
someone correct me if i'm wrong but it sounds like kwon still has a lot of influence over LUNC.
and of course this hasn't been fair from the start:
https://www.reddit.com/r/TerraStation/comments/usgmck/terras_scam_proposal_1623/
i think the crypto bear is every bit as manipulated as the last bull run. algorithmic trading inside all these liquidity pools, bot networks.
shorting with leverage enables it too, because whales can load up on the short side and then dump tokens into the market, or have their friends do that, and they always win.
then consider the "cash on the sidelines" wall street has been accumulating for years. if just a tiny fraction of that entered crypto, i doubt they need retail money at all.
media loves to cite numbers, like the huge drop in traffic on robinhood after the meme stonks craze cooled off, but if these market makers started pushing whales through that same system, smaller traders would see the volume, join the party, and up we'd go.
yes, it sure is. AVAX kept bouncing from 22.40 or so. seems like a fairly solid floor, but like you i'm just nibbling. without any bullish catalysts, we could have months to go in this crypto bear.
i understand, what a nightmare.