Topic: WAVES - Complete Blockchain ecosystem for a token economy - page 35. (Read 130997 times)

Has anyone here traded their waves/btc or whichever altcoin and staked USDN and did it for one year or more?  If so, experience on this?


Has anyone done this with big amounts?  By that I mean at least low 5 figures?

I'm an ordinary flipper. Having made a profit by participating in the swop (swop managed to sell at x10), i wondered whether it's worth participating here but after looking i realized that it wasn't worth it.
I bought 50 bucks for the purpose of a possible future farm on the site if it's beneficial then i could give my wx tokens.

I suppose this depends on what you define as a "big player". Waves blockchain fees are not that high (currently <$0.15 per transaction), so that even for a small investor who only claims his WX ~ once per month and sells them on the exchange immediately fees are less than $4 for the whole year (2x12 transactions).
Of course, this is almost 10% of your invested $50, so you are definitely no big player 

This ido was interesting only for big players since you still do not need to forget about linear unlocking. Apparently this token will increase profitability well we can expect that there will be not a lot of it in circulation.
This doesn't negate the fact that the project estimate is too high.

Yeah, 1 year is a long time in crypto land, however, the price of 1 USDN is guaranteed. If WX drops below that price level you can just cash out your initially invested USDN and do with them whatever you please.

It will be interesting so see the token price development of WX. It will open very high I think, but drop fast after a few months. Let's see if it can hold the IDO price of $1 in the long run. There will be a lot of tokens potentially (1 billion), however, not all might be created and there is the locking function which might remove a substantial amount from circulation...

0 left.

What do you think about this?



Personally i think the project estimate is too high.
In order to keep abreast of everything that happens in the project i brought in 50$ 
Unlocking for a year i don't like it at all. I'm surprised that the project was able to raise so much funds.

Some big event dedicated to Swop.fi running is coming. There will be some prizes, related to Waves Ducks. As I understand, in order to get these prizes we have to hold SWOP. Waiting for further news.

Early-bird distribution

To take part in the early birds program, you need to provide liquidity to any liquidity pool. Currently, the following pools are available:
USDT/USDN
BTC/USDN
ETH/USDN
WAVES/USDN

Shortly, more and more pools will be added, which you will choose by voting with your gWX.
Among early liquidity providers, we will distribute 1,000,000 $WX tokens, which will be gradually unlocked over a one-year period following the completion of the early-bird program. The early-bird program begins on October 21, 2021 and will run for 5 weeks, until November 25, 2021. Thus, 1 000 000 $WX will be distributed among those who will provide liquidity to any pool between October 21 and November 25, 2021.
Your amount of $WX in the entire 1,000,000 token pie will be calculated based on your share in a specific liquidity pool.

Now, let’s have a closer look at the distribution algorithm of $WX. The 1,000,000 $WX reward fund will be distributed among the liquidity pools as follows:
40%, or 400,000 tokens, will go to the USDT/USDN pool.
20%, or 200,000 tokens, will go to the BTC/USDN pool.
20%, or 200,000 tokens, will go to the ETH/USDN pool.
20%, or 200,000 tokens, will go to the WAVES/USDN pool.

Between October 21 and November 25, 2021, the Waves blockchain will generate a certain number of blocks, say 50,400. Let’s consider the USDT/USDN pool. 400,000 tokens / 50,400 blocks ≈ 8 tokens per block. Thus, we need to divide these 8 $WX tokens by all liquidity providers whose tokens were in that pool at that period (block) in accordance with their share in dollar terms. The higher a liquidity provider’s share, the larger share of these 8 $WX tokens they will receive.

A formula for $WX distribution among early investor looks like this:



IPB is income per block. In our example it’s 8 tokens per block.
h is the block height at the start of the early-bird programme.

userLPBalancei is a user’s LP balance in block i.
n is a total number of users holding LP tokens.
userLPBalanceij is the LP balance of userj in block i.

Early investors will be able to receive their tokens by following this link.

P.S Attention! It is impossible to get WX tokens from smart contracts or on the secondary market before the completion of the IDO! Beware of scammers!
Good luck!
https://medium.com/wavesexchange/early-birds-program-6221d0ad9526

Well, I like the way Waves platform developing. For example, users have already locked more than $26 million in waves.exchange liquidity pool. This is a lot, I think. And it's only in one week.

I used swop.fi yesterday and I was very pleased with the speed of work i can say that the wave is as fast as solana. Fees are slightly more expensive than in solana but they are still tolerable.
I see progress since 2017 but it is still too slow.

Is there actually a plan to adjust the gateway fees to the new prices at some point?

Currently, if you want to withdraw Bitcoin, you pay 0.001 BTC, around $65. With BCH, it's 0.3 BCH which is around $200 in fees. That is complete insanity and I can't imagine anyone using the gateway with fees like that right now.

How My 900k USD was REKT by a Centralized Gateway on WAVES Exchange - thread


Original Tweet complete with Screenshots:

https://twitter.com/mr_hedgie/status/1451506929788866560


1/ It is now 6 full days since I made that fateful withdrawal of 900k USDN from WAVES Exchange to ETH network, which is as of now still mysteriously put “On Hold” at Waves’ centralized gateway.

2/ As an ordinary pleb, I have no tech background nor connection in crypto. Traded my way up gradually.

Helpless and totally REKT, I am here to ask the almighty CT for help.

3/ My withdrawal transaction was confirmed on the WAVES blockchain, but was not processed on the other side, the Ethereum network.

Txn: https://wavesexplorer.com/tx/HmkZmzT6GvP2bRru9e6nZeDc6LKKpumKNNADqHGadMVU

4/ In case you are not familiar with WAVES Exchange, the Moscow-based platform advertises itself as “The Easiest Way to Access DeFi” and “Nobody but you can access your crypto”.

5/ However, moving funds in/out of the platform, tokens have to pass thru Gateway, which as worded in T&C, is centralized.

“Waves Exchange Gateways – centralized instrument for conversion of tokens of thirdparty blockchains to their analogues on the Waves blockchain and back.”

6/ After my withdrawal was put “On Hold”, I immediately followed the instruction of the error message to “contact support to speed up the process”.

Support was responsive but couldn’t provide a reason for delay nor an ETA. This was Day 1.

7/ Day 3 (18 Oct), I was told my transaction was being “verified” by “neural network”, a process that is “determined randomly”.

Further details were not disclosed.

8/ While more than 48 hours had already passed, this was deemed by Scott the Support person as “normal behavior”.

Why would an exchange gateway want to delay customer withdrawals for 48+ hours?

9/ As the days passed, I grew increasingly frustrated.

Each day (Day 1-6), Scott assured that the withdrawal will be processed.

But the canned and often identical responses offer nothing to that effect: no progress, no explanation, no ETA. No end in sight.

REKT.

10/ There is no information about the “verification process” in their T&C dated 18 November 2019 (https://waves.exchange/files/Terms_Of_Use_Waves.Exchange.pdf).

However, there is mention of withdrawal processing time not exceeding 3 days for the coins listed therein.

11/ Contrary to that, my transfer has been put “On Hold” for 6 full days now - without any reason and through no fault on my part.

12/ Past 6 days were worst week of my life. I couldn’t sleep, couldn’t eat.

My mind fretted endlessly to comprehend how my life’s savings are REKT.

900k USD is a lot of money to ANYONE.

13/ I reached out practically to any WAVES projects personnel I could find.

While everyone pointed me back to Support directly, all of them seemed surprisingly indifferent.

14/ Sasha Ivanov (@sasha35625), Founder of Waves Platform, is active on Twitter.

I tried to get his attention by replying to his tweets, multiple times. But to no avail.

15/ Sasha u/sasha35625, here I urge you to:

Do the right thing and process my withdrawal promptly with an ETA.

With this action, assure users on WAVES eco-system that their funds are safe.

16/ If you are a WAVES personnel or know one, please help to bring this to their attention.

u/Waves_Exchange u/Waves_Assn u/wavesprotocol u/neutrino_proto u/TheWavesGuy @waves__labs @vlzhr @Hodlwaves369 @wawes1973

17/ WAVES is actively launching new projects aiming for billions in TVL. No doubt users will want to be sure that their funds are safe.

u/viresfinance u/Swopfi u/wavesducks

Notably, their WX token is running an IDO at the moment. https://waves.exchange/WX_IDO

18/ We are all familiar with the soothing words of CZ’s “Funds are #SAFU”, even when Binance’s withdrawals were only interrupted momentarily.

My 900k USDN withdrawal has been locked and frozen for 6 days, without explanation, no ETA and no end in sight. I’m totally in the dark.

19/ Exchanges hv responsibility to ensure users can withdraw their funds.

CEOs of 1-tier exchange understand this best. Can you weigh in and save a pleb?

u/cz_binance u/brian_armstrong

u/SBF_FTX @AlamedaTrabucco @FTX_Official

u/tyler u/cameron u/jespow u/JayHao8 u/hfangca u/lyu_johnny

20/ Curve and WAVES run large incentivized USDN pools together. The good people of Curve and Yearn, could you extend a helping hand?

u/CurveFinance u/newmichwill u/bantg u/charlie_eth u/bneiluj u/RektHQ u/AndreCronjeTech

21/ The native stablecoin, USDN, has a market cap of 562m, of which 337m are minted on Ethereum.

u/VitalikButerin, would you be so kind to pass the word about my situation to Sasha (@sasha35625), which would literally save my life from ruin?

22/ Almighty CT - need your help to save a pleb from losing close to 1m.

Please retweet. Tell people about my predicament. Help in whatever way you know and can.

Sten Lauressens location is unknown and he is a professional conartist.

TurtleNetwork founder is defacing Marquise Museums initiative on waves and is blocking verified ticker status.

They are misleading investors and currency manipulation and I am researching both of their locations including the wavescap founder who is involved in WA and located in Edenwal Germany.

The level of disrespect will not be tolerated any longer.


Waves team should not give any form of power through waves association you should enable community voting for verified tickers.

Marquise Museum NFT collection began as a personal hobby that had potential for commercial viability.

The communist party and the WA are comically sabotaging this micro project but who knows there could be value here if it was not sabotaged.

You are now actively hunted down, so good luck with that.

I cam eto crypto after bing released by interpol in 2016 after hunting jet set psychopaths. Tge NFT collection is a visual story about that event.

The level of criminals in crypto is almost worse than ancient regime aristocracy, absolutely repulsive whose status must be eliminated before accessing power sources.

Waves scammers need to repay nr1 investor in M2 his 7k waves stack from WUSD scam and because you ar ein Russia I will have to take this money back from the WA scam team

I dont see any coherent reply so I will assume that this is a ruse to cause triggering. Who knows who is behind it, FSB, Illuminati. I am out.

The story doesnt make any sense.

Because it's dirty bubble, where stolen trader's money just reinvesting into bitcointalk moderations,
where instant-mined in first block of blockchain 100 millions of this scam waves,
even not cost a piece of shit, and at price $1/WAVES was been overpriced,
because they was been afraid to let us exit at this price, and just decided to stole our money,
and keep it in holdings over 1.5 years.
It's really dick-suckers, who have no any job.
Their "job" is easy - just stole traders money, and ban those traders anywhere,
and just put that stolen money, into buy-orders of their instant-mined shit, on binance.
Why this scam still trading on some exchanges, and listed on coinmarketcap?
Fuck them.


P.S.: As anyone can see, my previous messages was been deleted, and I see this deletions, and moderation - regularry:

Why this message was been deleted, including the fact, that it's true?
I think, just because WUSD AND WEUR at whole, was been mentioned there...
I'll be not surpriced, if stolen money invested into moderations.

Maybe it is easier to move on Cryptotrader. Take the loss,

You invested more than you could afford to lose and this people are clearly not paying you back this 7000 waves and they also dont care.

I dont understand why you cannot get any new money in all this time? dont you have job?

In stock market high risk investment is such as options and futures but crypto trading is x100 higher risk investment. NFTs is x1000

Anything more than a few months income or 1-10% of portfolio is too much investment in crypto,