Topic: WAVES - Complete Blockchain ecosystem for a token economy - page 17. (Read 131223 times)

It is only a question how diluted the TN pump will be with usdn:usdt depeg. I predict 40:1 depeg whereby speculation will drive it down in combination with binance pump to match $60 usdn price on waves dex.

After Binance short cover USDN will repeg 1:1.

So it is possible to exit TN at 30 cents and up to $2 usdn but only when USDN is depegged 40:1 and there is a counterparty risk when holding USDN at such depeg because it can be locked by Ivanov as he did with WUSD. However I don't think this will happen before window of opportunity to cash out and I also think USDN as a concept will prevail for some time ahead.

There is no reason why swop and waves staking could not generate high Apy as a lending platform the only reason it temporary failed is because of Ivanov criminality/greed.

It is better when Ivanov is removed from waves and face fraud charges in US jurisdiction one can only hope for this solution. Or his situation can be managed privately without due process.

Time factor for this scenario is up to 2 years from present. Could be tomorrow, could be in 2 years. We wait. Open positions is apparently ticking at $1.7m daily so it will pop sooner rather later.

TN pump.

Time of writing 1 cent usdn.

TN will experience delayed wave 5 up to $1.7 usdn because of vires rugpull money 400m usdn. I predict up to 20m of this money ivanov will divert into TN pump.

Time of writing 1 cent usdn.

Was wondering about this as well because I could only partially attend the AMA live and after some search I found this pleasant Christmas gift by Medium user @NickWaves :

https://medium.com/@nikwaves/summary-of-weekly-ama-with-sasha-december-16-2022-d511aa110812

enjoy

Is there a written summary?

USDN depeg will continue until 40:1 USDT rate based on the orderbook activity on waves and historical price of waves and technical formation.

This will double top at ~$60 on waves dex but not on binance.

With such dramatic depeg Ivanov will buy the capitulation flush on binance and cover his 1 billion short and this means that waves and USDN will be overcapitalized by a significant factor.

The Waves support message above is factually correct: USDN and the entire waves market cap below 1 billion is overcapitalized by Ivanov.

After the 1 billion short is covered, presumably around 70-90 cents, waves will massively pump back to 60 level and then triple digit continuation. So the depeg on waves dex at 40:1 USDN/USDT will be repegged after the short is covered and there will be collateral backing to support the new 60 dollar price.

During the depeg TurtleNetwork is scheduled for 59 cent pump as predicted. It has already started pumping using Ivanovs liquidation capital from vires rugpull.

My interpretation is that the 400 million USDN liquidation will be partially used to pump affiliate tokens on waves dex such as TN which means that the founding team will be vastly enriched if TN goes up and USDN then repegs in case they keep USDN.

The question is whether they will be complicit in this massive securities fraud by indirectly receiving this level of funding.

Mens rea is settled with this post because it is now public information so there is no plausible deniability.

So to Bram and the TN insiders who plan to dump during 40:1 USDN depeg be careful. My guess is that greed will overcome criminal liability and profit in the millions will outsize punishment but it is still fraud on massive scale which started with Vires rugpull.

SBF was recently arrested in Bahamas. Just because a market is unregulated does not mean freedom of criminal conduct.

There is speculative interest in USDN volatility and in an emerging market any outliers will be absorbed by organic growth factor. Waves is a very small cap coin it is no big deal with a 400 million depeg the investors will absorb it and natural growth will then overshadow such relative small money. Waves at $300 is 30bn what is 400m in this circumstance?

It will not mark the end of waves, not by a long shot.

So my guess if you can snatch USDN at 40:1 it will be very profitable after Binance follows waves dex pump to $60 and repegs usdn. But there is also the risk of rugpull same as happened with WUSD. There will be a window of opportunity to exchange usdn:usdt before lockin, and it is within that small window that the profit is generated.

But generally USDN should be sustainable as a concept after waves pump. Apparently there will be some safeguard mechanisms implemented soon so this x40 opportunity is far and few inbetween.

Just be aware that you may be complicit in fraud when holding or trading USDN because of the 400 million vires rugpull which is where the pump money comes from. And some of that 400 million is connected to FTX customers through Alamedas delta neutral position. I believe it was not yet liquidated though?

Waves $60 and 59 cents (TN). Time of writing 1.6/0.012 1.9:1 usdn/usdt.

Beside the already existent huge 25% depeg from $ 1 supposed USDN price,  what happened today when all of a sudden there waas another 10% drop in USDn value, accompanied by a temporary but significant decrease in volume traded? Does CMC changes something in tracking USDN value?

The way I see it and this is my own opinion, the USDN depeg will be present as long as Waves marketcap is below USDN marketcap. How can a 200 Million coin back up a 600 Million ? Waves needs at least 800 Million mcap to back up 600 million mcap.
Unless there is some of the huge 30k BTC from ICO to be used as another collateral for USDN peg.
My biggest regret in 5 years is not selling my 1200 Waves for 3.25 BTC back in 2017, remember the point of altcoins is getting more BTC (and ETH)
PS: I sold 900 Waves between 20 and 60 USD and left 300 for staking and next bullrun, hopefully to sell at 100+ in the next 4 years.