Do not sleep on DEx Exchange tokens | Bitcointalksearch.org

Kalchef

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Quote from: bittraffic on April 11, 2023, 09:10:45 PM

New dex tokens are new. These are all unknown, I'm not sure if it has ANN thread here.
You will need to find out whether they'd survive in the next bear market because if not, they'd just die. The old DEX tokens might just be the one you'd prefer but like any other altcoins, you will also need to sell them right in the bull season otherwise you'd lose more money when prices dive.

The time is may 2024, have you gone back to check on these tokens ? Anyone who bought velodrome last year around $0.03 would have made a lot of money because few months later it top at $0.35 that's alot, and now it is still kicking ass, if this project is bad it would have died now that most altcoins are struggling.

Out of all the four I dropped, it is only Zigzag that failed to do well, all others passed the check mark.

LastKiss

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Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

Many new DEX coming up right now due to negative news previously about Centralized Exchange (CEX), but we need to be careful to pick new DEX out there. Right now I'm still sticking to old DEX like Uniswap, pancakeswap, quickswap, etc. since I already have my trust in those websites so I already feel lazy to find another DEX to use.

bittraffic

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New dex tokens are new. These are all unknown, I'm not sure if it has ANN thread here.
You will need to find out whether they'd survive in the next bear market because if not, they'd just die. The old DEX tokens might just be the one you'd prefer but like any other altcoins, you will also need to sell them right in the bull season otherwise you'd lose more money when prices dive.

GreatArkansas

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Quote from: Kalchef on March 21, 2023, 07:51:00 AM

(....)
Waiting to here from you guys which dex token is the best on your radar as we speak.

Decentralized Exchanges (DEX) are indeed bullish right now. With recent issues from centralized exchanges, like the downfall of FTX Exchanges, a lot of people now trading on decentralized exchanges (DEX) which you can even create futures trading on it.
Another thing to watch out for is on the Arbitrum network, where this GMX and GNS are also available on the Arbitrum network, another is Vela Exchange, they are still in Beta, and I'm looking forward to them too.

newdevices

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I think DEX tokens will also be difficult to increase, especially with the recent case of Sushiswap being hacked.
Obviously this will make users also worry about installing liquidity on a DEX platform. In my opinion,
currently it is better to hold coins from metaverse, NFT, or AI.

jacafbiz

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I do agree with you on this, I can see DEX exchanges gaining more market share as time goes by, and as they gain more market share the value of their tokens, they are likely going to keep appreciating, exchange tokens are just one of the selected few tokens in the space that have use cases unlike most of the useless governance tokens we have in the space

fvb

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An interesting expression is not to sleep on tokens. With my lifestyle, I have long forgotten what restful sleep is. Joke. It’s just that when I entered the cryptocurrency space, I began to think more than before. Because you constantly monitor all the news and generally follow the development of events. And so there are no favorite dex tokens.

Salahmu

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Trading Dex token is not really my thing but rather I trade when there is a coin I know will profit me, so I only prefer day trading as to avoid losing money.

Hairynipples

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Quote from: Kalchef on March 22, 2023, 10:49:33 AM

Bup!

Pardon you

bastian466

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Quote from: Mr. Magkaisa on March 24, 2023, 03:05:05 AM

Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

- I didn't like any of the dex platforms you mentioned though I have dexes that I use anyway, but I don't use them very often. DEX is fine as long as it has a good reputation in this industry.

As long as the DEXs that I use just recently were Biswap, Quickswap, then the others that I think are okay, I used to use pancakeswap but now I don't anymore because hackers and scammers got into it.

In the absence of third party intermediaries hacking and scammers can still occur so which one is the safest between dex and cex? the thing that I have experienced is if I want to do a token sale, if I am asked to choose between dex and cex, I prefer cex

StormHawk

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There are too many decentralize exchanges and most of them won't be adopted, every chains like Arbitrum, Optimism and others have different type of dex tokens, it is alarming and not needed, the most newest dex that has good utility right now is integral and people aren't even adopting this project yet. Be careful with those that has high staking APY, they are not going to be around for a long period of time.

asriloni

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Quote from: VRExpress on March 24, 2023, 02:52:24 PM

High APY will end up killing any project, this is what makes altcoins very risky, and not all Dex will survive,

Agreed, High APY was just used to attract people to come in for short term. People will farm it and then dump it.

Quote from: VRExpress on March 24, 2023, 02:52:24 PM

there are just too many dex right now, there is GMX and Vela too, I don't if this numbers of Dexs are really needed, oh I almost forget about Integral, they are high risk and I advise everyone to be cautious with them.

It's almost any new blockchain will have new dex. There are so many dex exist in the market and yeah these dex have very very small daily trade volume caused by the only one that can be a winner. People were just creating dex for money purpose only.

The main purpose for the creation of dex is to get hype and the developers behind these dex are starting to release their own tokens. They were also allocating some tokens for their themselves.

Launching dex during the hype of new blockchain = new users and volume.

Bitcoin_people

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Cex exchange coins are the best among Cex and dex. Because many times DEX exchanges have many problems to sell tokens and there is no liquidation so investors cannot sell tokens. And dex exchange tokens don't increase that much I would definitely choose Cex exchange tokens. Because earlier I bought some tokens like this from DEX exchange but later I couldn't sell there and I lost my money. So you don't lose money if you invest tokens in sex exchange.

VRExpress

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Quote from: Jackl87 on March 24, 2023, 01:58:55 PM

Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.
1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol
Waiting to here from you guys which dex token is the best on your radar as we speak.

Recently i followed the messages of some people on telegram, that have invested into Oreo-Swap and Zyberswap. Both Dexes are based on the Arbitrum-chain if i remember correctly. Both of those people invested very early into those projects and especially the guy that invested into Zyberswap made a huge amount of money. If i remember correctly, he invested 3000$ and made way more than 200k $ profit, because the farms were paying such a high APY and obviously the price of the token did pump for a few weeks.
It is also obvious though, that after a few weeks the price began to dump heavily because such high APY's are just not sustainable for more than a few weeks.
So i would guess that 9 out of 10 new Dexes never really take off and the other 10% are only really hot for a few weeks then they crumble.

High APY will end up killing any project, this is what makes altcoins very risky, and not all Dex will survive, there are just too many dex right now, there is GMX and Vela too, I don't if this numbers of Dexs are really needed, oh I almost forget about Integral, they are high risk and I advise everyone to be cautious with them.

Jackl87

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Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.
1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol
Waiting to here from you guys which dex token is the best on your radar as we speak.

Recently i followed the messages of some people on telegram, that have invested into Oreo-Swap and Zyberswap. Both Dexes are based on the Arbitrum-chain if i remember correctly. Both of those people invested very early into those projects and especially the guy that invested into Zyberswap made a huge amount of money. If i remember correctly, he invested 3000$ and made way more than 200k $ profit, because the farms were paying such a high APY and obviously the price of the token did pump for a few weeks.
It is also obvious though, that after a few weeks the price began to dump heavily because such high APY's are just not sustainable for more than a few weeks.
So i would guess that 9 out of 10 new Dexes never really take off and the other 10% are only really hot for a few weeks then they crumble.

StarKay

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We All Can Make It

Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

I don't trade on DEX often but I am happy I come across your post, it was very helpful. I'll be doing my research on the tokens you just listed. From my experience one has to be careful with DEX other than Uniswap and Pancakeswap.

fuguebtc

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Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

After all, they are all altcoins, and there is always a risk when investing in altcoins. Don't be fooled easily, they are taking advantage of the crash of FTX, and many decentralized exchanges are hyping things up, and if you are not alert, you will most likely become liquid for sharks. All altcoins are equally risky, I do not own any of the tokens you mentioned and do not intend to invest in these. Investing in altcoins, we should only focus on ETH, and layer1 projects will be more sustainable than these junk projects.

onecall123

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Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

I haven't heard of any of these dex platforms before, but I have used dex in the past. In the past, I've used PancakeSwap and ApeSwap, but right now I tend to use centralized exchanges most of the time. Yes, I do hold some dex tokens and plan to keep it until the next bull market comes around. You never know what could happen next, and there's always a chance to shine.

Quote from: Mr. Magkaisa on March 24, 2023, 03:05:05 AM

As long as the DEXs that I use just recently were Biswap, Quickswap, then the others that I think are okay, I used to use pancakeswap but now I don't anymore because hackers and scammers got into it.

In my opinion, dex platforms provide a more secure way for users to trade cryptocurrencies compared to centralized exchanges. This is because dex platforms rely on Smart Contracts and don't hold user's assets. As long as you make sure you're visiting the right address, you should be good to go.

Henrobakkara

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Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

Just yesterday I tried to use ZigZag for some transactions and it was a horrible experience. I chatted with the admin on discord and still was unable to get a resolution. I might not know all these other exchange tokens but ZigZag is certainly not the one for me to even trade. I believe DEXs are a go-to these days and there might be some that their token will do well but someone needs to be careful in choosing.

Mr. Magkaisa

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Quote from: Kalchef on March 21, 2023, 07:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.

1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol

Waiting to here from you guys which dex token is the best on your radar as we speak.

- I didn't like any of the dex platforms you mentioned though I have dexes that I use anyway, but I don't use them very often. DEX is fine as long as it has a good reputation in this industry.

As long as the DEXs that I use just recently were Biswap, Quickswap, then the others that I think are okay, I used to use pancakeswap but now I don't anymore because hackers and scammers got into it.

Topic: Do not sleep on DEx Exchange tokens (Read 293 times)