/biz/ - Business & Finance

>>50687174
Kaddex has 9 engineers.
Kaddex has been in development for over a year.
Their frontend still is unfinished and unresponsive.
They doubledipped in the public sale, likely for far more than what was merely caught and admitted to.
They botted their centralized discord dao votes.
They decide what they list or don't list.
It's an overhyped CEX without KYC.

Now we say some good things. You go first.

>>50424942
>Again I would assume that they dumped enough of their exchange token to stay afloat
They
>I dont get why its so high too
Me neither. If it was 30 I might even have bought a little bit. 60 is very steep with current conditions imo, and liquidity seems to agree.

Let’s recap the deals the company, which boasts 10 million users, has inked since 2021 alone:

Exclusive cryptocurrency trading platform of FIFA World Cup Qatar 2022
10-year, $175 million sponsorship with UFC
5-year, $100 million deal with Formula 1
Multi-year partnership with LeBron James and his nonprofit foundation
First innovation and technology partner of Serie A football
Individual deals with the Philadelphia 76ers, Paris Saint-Germain, Montreal Canadiens, and Aston Martin’s F1 team

Not including Crypto.com stadium deal which was also not paid up front and paid yearly.

They have a lot of yearly dues, and I don't personally believe they are making a single dollar profit from their lending bullshit because it's too expensive (every platform lies about this, nexo, celsius, voyager, it's never true demand), so even slashing rates to zero makes no difference. The borrow rate is too expensive, the "exchange" has high spread and far too many expenses when most of their users are poorfags investing $10.

Marketing will destroy them just like Ensogo imo, I doubt they made enough money from pump and dumping cro, but I'm sure they extract a lot of wealth before bankruptcy hits so it won't matter to them if it collapses or not.

>>50425000
Not the cock baka

2c

>>49635677
lol'd at the title.
That's perhaps the most boomer comic I've seen. I also enjoy relics of simpler times.
I wonder what inspired him to write that comic. Were there that many ladyboys in blackpool that he felt like he was being chased down by trannies? Or did he see one once and let it live in his head ever since.

>>49635825
Do you mean stake?

>>49635987
What I don't understand is why they didn't do something to support the price when they were raising the floor. Surely it would've made more sense to only support the price to a certain point where they would buy any amount sold and not just until they run out of capital.