This is all to make a decentralized trading platform on the back of a centralized trading platform (Binance) if I'm not mistaken? My understanding of DeFi isn't all that deep, but I sort of see what Binance is doing here, and I watched their BSwap explanation video.
It'll be interesting to see if things like this are successful or not. I suspect at least with Binance, there will be a lot of their customers wanting to try it out, and there's a low chance that it's anything like a shit exchange like Yobit would offer, so that's a plus.
Well, kind of. He's looking to challenge what DEFI brings with Binance's CEFI right now. With BSwap, it could gain some users because trading on Uniswap is made difficult by the high gas fees especially for small to medium traders.It'll be interesting to see if things like this are successful or not. I suspect at least with Binance, there will be a lot of their customers wanting to try it out, and there's a low chance that it's anything like a shit exchange like Yobit would offer, so that's a plus.
CZ managed to build Binance to where it is now but some of its products like BDEX is still a flop. BSwap and CEFI will probably become more successful but that still depends on how long the hype phase will be. Let's see.
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How many tokens would Binance need to create for the services you've listed? I see they're creating BEL for the Launchpool trading pairs, but would there need to be more tokens created for other pairs?
I'm not sure I understand your question correctly. New tokens are usually paired with already known coins/tokens. How many tokens would Binance need to create for the services you've listed? I see they're creating BEL for the Launchpool trading pairs, but would there need to be more tokens created for other pairs?
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I don't really understand the point one staking the BNB or BUSD that has value in exchange for another newly generated token as reward which we are not even sure will have value.
Imagine staking your hard-earned BNB for 6 Months only to receive a new shitcoin that then dumps to zero value.
On the other hand, it could pump 1000%. I think that's what they're after. Nothing particularly risky with it if they have extra BNB to spare. Locking them up into these staking pools could increase BNB's value too (read @figmentofmyass post).I don't really understand the point one staking the BNB or BUSD that has value in exchange for another newly generated token as reward which we are not even sure will have value.
Imagine staking your hard-earned BNB for 6 Months only to receive a new shitcoin that then dumps to zero value.
Before, CZ has mentioned about the factors that will make a project listed to his exchange. Now, those words look like won't be followed anymore.
As long as a Defi is gonna rake them profits, he'd be happy to list it. And with this new feature, they've added. They're making other rounds of hype in crypto investing.
As long as a Defi is gonna rake them profits, he'd be happy to list it. And with this new feature, they've added. They're making other rounds of hype in crypto investing.
^ tweet has been deleted but yeah what factors?
