/biz/ - Business & Finance

should i buy this? very discounted right now

>survived 3 hacks
>still the best decentralized platform to trade on margin
>immune to prosecution from cftc unlike coinbase and bitmex
>rebrand coming
>dao coming
>didn't make a big enough splash because defi crashed right as they relaunched
>influx of normies won't care about what happened a year ago

am i an idiot or this a great buy?

>survived 3 hacks
>up 2.5x from 10c bottom
>rebranding coming
>merchandise
>rumors that the DAO is coming very soon at the same time as staking
>kyber trading competition

why haven't you bought in, anon?

r-remember me, /biz/..?

so i bought a little BZRX after they had 5 threads a day on /biz/ about a month ago
and i've been watching them ever since.

for those who don't know, they got hacked and they still owed ETH to the customers that were affected. the ETH on their platform is called iETH.

recently they offered an "iETH buyback program" that basically allowed you to buy their vested token (vBZRX) if you helped them plug the hole from the hack. the token allows you to collect fees just like BZRX does, but it's vested with 6 month cliff at which points it slowly unlocks over 4 years.

this is the contract address:
https://etherscan.io/tokentxns?a=0x80a603401bc2a9b84bbb1b3275d4a65d54381d79

take a good look. BZX sold 6000 worth of ETH of their vested token in a matter of days after they announced the buyback program!

now, you would think that this was just people taking advantage of the arb opportunity, correct? well, take a look again at any of the addresses that used the iETH->vBZRX conversion! none of them have sold. not a single one.

just look at uniswap liquidity for vBZRX:
https://uniswap.info/pair/0xa1d836cc39e3b8d6d128134b3356ff6360be13b4

it literally went down after the sale concluded.

also, if you look at the balances of those who used the program, there's a lot of 6 and 7-figure accounts in there and most of the tokens are related to DeFi. stuff like PNK, BZRX, DMG, etc.

the DeFi masterminds believe in this so much that they haven't sold ONE DOLLAR worth out of over TWO AND A HALF MILLION!!!

it's been said enough about this platform that it's a AAVE and COMP but in a better package, DeFi king coming back to his throne, etc.

but this is another positive-- DeFi enthusiasts bought 2.5mm worth and are still holding a token that's vested for 4 years.

this makes me incredibly bullish about my holdings.

what are the chances of /biz/ rallying behind this the same way they did with LINK?

why is everything mooning except the coin that /biz/ shilled to me?

i'm about to click the market sell button if someone doesn't tell me when and how hard it will moon and why

should i still be holding this? i bought in at 38c

i don't think i can take the pain of having it drop lower

why would anyone use decentralized exchanges/margin trading/lending platforms when the gas fees make using centralized exchanges/margin trading/lending platforms way cheaper?

pic related

ITT we use our big brains to figure out who they're integrating with

the clues are:
top 3 DeFi platform

*keeps stable despite eth rising*

BZRX and AAVE have similar lending platforms (AAVE copied BZRX lending platform). The only difference is AAVE hasn't implemented tokenomics yet (which they also copied from BZRX). When BZRX platform relaunches they will have the tokenomics implemented and will also have liquidity mining incentives and yield farming. All of the TVL in AAVE will flow into BZRX to earn way more money than they are currently earning on AAVE. This sudden huge drop in TVL on AAVE will make the price dump and could cause AAVE holders to capitulate to avoid liquidations. Meanwhile the price of BZRX will skyrocket as the TVL increases.

>>20597446
>All you idiots buying the defi shitcoins when the real king is coming back
you mean bzrx, right?

it's moment of truth time, /biz/

give me one good reason why BZRX is a bad investment

DeFi will replace the financial system and BZRX will be the institutional margin trading and lending protocol. BZRX will have trillions of dollars of daily volume and a % of fees goes to BZRX token holders. I am a top 150 wallet and will be holding long term and living off fees

I was the anon that shilled LEND on here at 150m marketcap. you might remember me. i kept saying i used lend to buy more lend to buy more lend to buy more lend, etc. can lend go higher? yes it will. it will have a multi billion dollar marketcap. i dont hold any lend anymore. i sold for bzrx. lend copied brzx lending and tokenomics. lend is 500m marketcap. bzrx is 50m marketcap but also has margin trading. also, aave will take a while to implement the tokenomics. bzrx will go up in price magnitudes faster.

upcoming catalysts in August:

- platform relaunch
- liquidity incentives
-yield farming
- staking
- announcement of an integration with a top 3 defi
-announcement of backers

only 40m marketcap. comp is 400m marketcap. 10x potential

I was the anon that shilled LEND on here at 150m marketcap. you might remember me. i kept saying i used lend to buy more lend to buy more lend to buy more lend, etc. can lend go higher? yes it will. it will have a multi billion dollar marketcap. i dont hold any lend anymore. i sold for bzrx. lend copied brzx lending and tokenomics. lend is 500m marketcap. bzrx is 50m marketcap but also has margin trading. also, aave will take a while to implement the tokenomics. bzrx will go up in price magnitudes faster.