/biz/ - Business & Finance

>>22981710
ye im rich

I GOT SCAMMED

i just tethered. literally like 15 min ago.

did i tether too late frens ?

sxp is literally useless now, goodbye netflix amazon and spotify perks, all sxp stacked for the cards got instanly unstacked.... you cant get more sxp cards anymore only binance now. ¿what will happen when the 4x mult on venus ends? there's literally 52 Million sxp staked on launchpool. >>22981757
just in time to see it collapse on it's own weight.

>>22981836
i wanted to farm venus for 3 more days and sell everything 1 day before 400% farm

but i think it is way too risky now

the scam went full circle
>Steel Cardholders will get their 3,000 SXP released and a 1,000 SXP Reward

sxp is literally useless now, goodbye USA release with netflix amazon and spotify perks, all sxp stacked for the cards got instanly unstacked with a worthless bonus.... you cant get more sxp cards anymore only binance now. ¿what will happen when the 4x on venus ends? there's literally 52 Million sxp staked on launchpool.
>>22981757
just in time to see it collapse on it's own weight.

>>22981877
>just in time to see it collapse on it's own weight.

reeeee it is pumping like crazy now.

i will ngmi will i

>>22981884
2% up in a 20% down is not a pump it's a dead cat bounce.... consider all the sxp that got unlocked from all the sxp cards on this second + their bonuses. all the sxp stacked on the launchpool as well during the 4x on xvg....

>>22981710
no, i sold after it pumped 5x within a week which was clearly unsubstantial and off of hype and twitter announcements

>>22982032
selling my big stack makes a huge difference when you sell at 13300 sats or at 14100 sats

Imagine just having a token for just the sake of staking 30.000 for keeping the nice perks or just burning it on fees. Abandon the ship if you don't want it but That's sxp utility as for now. (protip, now even their white paper is completely useless they should just delete it. )

>>22981710
Sold for a loss they just discontinued the Steel and Sky cards. This will plummet.
https://medium.com/swipe/swipe-slate-8-cashback-upgrades-migration-to-binance-card-platform-with-sxp-reward-to-sxp-aa2c366faff6

might as well wait for CZ to issue out BNB for an SXP swap. It will be fully consumed.

>>22981710
anyone who thinks this change is bad for sxp should just sell it all cos u are NOT GOING TO MAKE IT

>>22981710
i haven't held that for a while. I've moved on to things that make me feel comfy. yes, i could get buggered again and never ever be able to have babies becuase i sold the machine that makes them for rent money. on the other hand, I could get really lucky with tomochain and never have to work again. who knows

I invested all my Link into this shitcoin.

I'm too ashamed to sell at a loss. I'm riding this to the bitter end.

Why should anyone hold SXP now after cards are discontinued ? genioune answers.

What is happening, is something happening?

>.t brianlet

>>22982699
I like the logo.
And Swipe is a cool name. It'd be cooler if the coin was linked to a card though.

>>22982713
I think they're giving up on the Swipe card.

>>22982736
Aw fuck, wanted to get the sky card
Any source on this?

>>22982736
>>22982799

They're just discontinuing Sky and Steel, other cards are fine.

>>22982799
https://medium.com/swipe/swipe-slate-8-cashback-upgrades-migration-to-binance-card-platform-with-sxp-reward-to-sxp-aa2c366faff6

Starting today, Swipe will discontinue future Swipe Steel and Sky orders from the Swipe Wallet App for all UK/EU/US users and will encourage those future eligible users whom were considering this card to order a Binance Card. Swipe Sky and Steel holders will have their stakes removed and will receive a one time SXP Reward.

>>22982854
The free one and the ridiculously expensive one are all that remain? I think that the middling cards were an incentive to buy the coin in decent quantities.

>>22982631
go on

>>22982911
They will remain for 2 months more, they'll merge with binance cards and accounts after that. No more sxp cards except for the 30k one thal will loose its perks if you unstack it,

>>22982854
All the cards will get replaced for binance cards in 2 months period.

What will happen to SXP?
What will happen with Venus?

All my swipies are currently farming XVS.
price estimation on that?

>>22983039
the 30k black card will stay around though riight? I don't have to worry about buying soon

So Binance card or bust then?
Fucking centralized CZ..

Still staking for Venus, low-key praying for a drop under a dollar so I can get fat stacks

>>22983070
this?
i cant tell by tokenomics

>Look at this mod trying to do damage control.
All their channels are full of infuriated investors asking what's the use case of sxp now that cards are being merged with binance....
yes, a little patience to wait for CZ and friends to dump all their bags first, there's no use case for the token, this is worse than a shitcoin, tron is a shitcoin but still has an use case

>>22983143
unironically just sold at a loss. fuck this useless shitcoin.

>>22983039
In the meantime the value of sxp will nuke

>>22981710
I just cut my losses, bought more at 1.10$ so I'm almost break even.
they basically did a crypto.com style swap, just a couple of days after the CEO said a BNB/SXP swap would never happen.

swipe is a N E T W O R K. Not a card you dumb imbeciles. Wait untill you realise swipe cancelling these cards is actually a GOOD thing. Binance cards BURN sxp, swipe cards burned ZERO sxp. dear me you low IQs

>>22983355
>>22983431
it'll probably drop a lot more when more people read the announcement. it's not even worth staking for venus anymore. the token literally has ZERO use case.

>>22983306
man how can people be so salty
just take your profits.
this is the easiest coin to trade and make huge profits with, which is why i love it. i don't give a fucking shit about cz or the project failing, because i will go on and take profit while you sentimental cucks keep on losing

>>22983431
But buying SXP to get the cards was the it's use case. Right now their only use is to be burned by binance card transactions?

>>22983431
only thing that SXP been burning is my goddamn money

>>22983482
>this is the easiest coin to trade and make huge profits with

How do you make profits with it?

>>22983492
Binance is just one client.
LendFi (2 days ago) is the other client.
More will come as time passes by

>>22983511
buy when low (like today in a few hours) and sell when high (like in 5 days)

>i was actually a swipie
>bought in average at $2.12
>sold $1.40

bye bye $1200 unibux

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>22983701
Why would anyone buy it? What separates it from a 1000 other shitcoins out there?

>>22983708
I bought at 3.50US. With my Link profits.

>>22981710
why would i hold an overpriced binance scam when i could (and did) sell high with the rest of smart money?

DMG is all you should be looking at.

>>22983753
are you fucking stupid?
to make money. don't you see it's volatility????
i make regularly 30% gains. only exception was when it was a $1.6 stable coin.
you're to dumb to play investor

>>22982854
WTF?!

im selling

>>22983701
>sell when high
hahahaha it will never go above 14k again, dude.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA IM FINANCIALLY RUINED

Trusting Filipinos with your money.

ITT: YOU!

Hahahahahahaha, enjoy being scammed like how the filipinas scam rich lonely old folk.

Atleast they got to see a naked women, you just saw numbers on a screen that translate to how much of a dummy you are.

cz fucked us bad

Calling everything a scam because you don't see things long term.

Gamblers are ngmi

>>22983922
I'm a long-term investor. Not a day trader.

>>22984231
What's the long-term case for SXP now that it's losing it reason to exist?

>>22984303
A fancy crypto to fiat credit card with high fees.

>>22984318

Swipe card has no fees, try again FUDder.

>>22984231
>Long term
Before or after the forced swap from SXP to BNB?

>>22981710
>>22982854
>>22983143
>>22983431
>I bought this at $0.20 and sold at $4 bought a house and a car without mortgage.
>28 years old and owning a house and a car worth $700k thanks to Swipe.
>People should think about the fact that Swipe changed my life for the positive.
>Stop complaining about the price going down and that you lost money and just be happy for me.
>Thank you all for buying this coin, chipping in and to make my dream come true, you actually paid for my house and car, for that I am grateful.

i fuckinbg knew it, CZ just bought swipe for cheap so he could get another competitor out of the business. now hes slowly integrating swipe into bnb so he and hes card has only one legit competitor which is crypto.com

Look, the swap is good for the mid/long term. Binance cards burn SXP. If there are enough binance cards, SXP will have a use case. But it's a bit scary they they announced this out of the blue. Very sneaky.

>>22984303
Wait and see.

If you know, you know.

>>22984404
current supply is 75mil which means 25mil will be unlocked within the next few months. this thing could drop another 25% based on that alone. even if binance cards burn sxp it won't burn faster than 25mil tokens unlocking.

>>22984290
only a brainwashed idiot or the mod from swipe discord himself would say this lel

>>22983772
oof bad luck son, feel 4 u

Oh wow, the telegram is a shit show. Everyone is mad and the moderators can't do anything but ban people...

Let's look at use cases now, you can stake the shitcoin and get more shitcoins and that's it, no other use case, someone enlighten me on how this shit is not going back to 0.2$ or even lower

>>22984852
panic central, its fucking hilarious.

Sold half and waiting for a small bounce for the other half. Now that it's a meme governance and network burn token almost all the value is gone imo. Fucking sucks because I was up 3x and now at a loss

>>22984895
>stake the shitcoin
the staking fucking sucks too. you need to burn eth fees every time you stake, unstake, and claim. AND you can't restake unless you have 1k tokens.

>>22985052
You can technically unstake and stake again. But this costs a lot so you should calculate if it's worth it.

>>22984985
>meme governance and network burn token
Weren't sxp holders going to get one of those for free before they decided to merge that functionality? And it's now the entire use case? Dear me.

The only thing that can still happen is Binance allowing to hold SXP for the benefits. Then we have ankther use case.

Swipe conneeeeeect, lesson learnt, don't invest with chinks, those money hungry leaches will run away with your capital, gtfo of binance too, get a ledger and move all of your shit out before CZ decides to do a "Kukoin hack", use dexes instead of their chink shit

>>22985178
they will do a sxp/bnb swap in that case.

FUCKING GODDAMN SHITSHOW OF A SCAM! I HOPE AT LEAST JOSELITO GET SUED AND HOPEFULLY WORSE! in his Binance it says he is an experienced bitcoin trader and OTC trader, I bet he is drowning in hard earned btc right now due to his probably illegal market manipulation schemes.

Now that I'm out I hope this shit goes to ZERO

Bought 3k at 3.8, I'm financially annihilated

thread full of fud
raging holders
bearish sentiment

This shit will skyrocket

>>22986716
Same except I bought at 4.1

I threw a bitcoin at this.

>>22986981
maybe, it's a pump and dump after all, just remember to dump first before you get dumped on. Also there is a lot of staking rewards, more free SXP on the market, also once you ruin the trust of your project with pump and dump buyers are aware and they will probably not participate anymore. For a pump and dump there needs to be faith and trust in the company, it has been a scam imho and still is a scam, but yes sometimes scams will skyrocket nevertheless, but with the inflation, the background games, the infinite supply, the shady and incompetent philipinos teams, it has become a shitconnect 2.0 type of a project. It is all a cheap gimmick, don't be fooled, they sell you cheap talk, but look at what they DO, hopefully after Bitmex prosecution Swipe will be next, precisely because they presented themselves as a legit bonafide project and duped many sincere investors who believed they made a good investment but essentially got robbed.

>>22986566
I share your sentiment, but now that is has been exposed as a shit project and not the real deal, odds are it will drop further, imho this has been a severe blow to Binance integrity. Joselito sells hopium for btc.

The problem now is that the only reason to hold SXP is to get more SXP. What is thd value of that?

There will be some announcement in a day or two about how SXP will be super integral in the Venus DeFI ecosystem or some shit, it will pump a bit and then dump when people realise it's still useless. The venus platform will be just as dogshit as the swipe one too.

The only play for them is to allow SXP staking for Binance cards. Which could still happen

>>22987728
No chance, it'll be a BNB swap at dirt cheap prices to fuck swipies or they will leave SXP as a useless shitcoin. If this shit pumps back to $4 I will die tho

>>22987702
it's a complete fucking shitshow, can't wait till the SEC and other authorities get involved and the company gets sued. It has all been a cheap marketing gimmick from the get go. When they started there were so many issues with the cards etc they didn't even have a working product yet. People essentially invested in vapourware and lost a shit ton of money, meanwhile they filled their pockets, I wonder did they even really had an intention to release a working product in the first place? Remember the early ICO days? some nobodies fabricated a cheap White Paper and cashed in millions, nowadays it is harder to fool people, but this seems to me like an ICO 2.0 type of a project, I wonder how much money is on Joselito his bank account, more than a 100 million? I think he will soon withdraw from the public, hey hey hey!

AAAAHHHHHHHHHHHHHHHHHHHHHH

>I just paid $1200 to learn a very valuable lesson
never trust bugmen under ANY circumstances
>/biz/ is always right, so if you're reading this DYOR and exit any bugmen owned/run coins you have

>>22988081
>biz is always right

anon, I...

Damn this makes me so happy xD

>>22987702
only thing is SXP is used for governance on Venus protocol until it is voted in for XVS to do the governance. Then SXP has no more purpose kek. They are basically taking away more and more use of SXP other than get more and burn it. But the burn only stops once cap at 100 million circ supply so still no point really.

How's this shitcoin holding 1.4 after the whole shitshow ? > totally not manipulated

>>22983511
short it of course, it never goes up

>>22988942
No working product, false promises, diverting SXP usage, do you think they were ever genuinely interested in letting the SXP token flourish or was this all a scam/cash grab thought out in advance? what are CZ and Joselito going to do with all the shitload of SXP tokens they have now? Since trust is gone and they need to dump tokens on the market every month to finance their operations I can't see why they would keep the SXP token alive. After all the company succes is not dependent on SXP token usage, so perhaps that explains it, their main source of revenue is non-SXP related.

>>22990136
>what are CZ and Joselito going to do with all the shitload of SXP tokens they have now?

Joeslito burnt his tokens a few weeks ago.

>>22990701
he burnt only 10 million, which is a tiny amount compared to his total stack, also he dumped it right after the price peaked and started to fall down, perhaps to keep the price at a higher level long enough so they could dump more on the little investors.

fuck this shit, just removed from venus pool and sold, luckily just lost 500$ cause i had pretty good entry prices.

Imagine 52M tokens hovering over my head, many of them pissed off owners.

Got 10 venus tokens in 2 days that i will also dump on first chance. good ridance.

>>22984457
... you dont know it yourself, do you?

>>22986716
literally me. Plus told friends to buy it, because I was sure this was going balistic

>>22991275
well, you didn't lie, it DID go ballistic, just in the other direction ;)

>>22991488
Maybe we will all get the slate card when SPX goes to 1 cent.
lel

>>22989182
Imagine if they are being silent about the future of SXP so the price tanks and they can buy cheap. After the accumulated enough they announce the BNB swap

>>22991523
maybe they come up with a new brilliant concept, turning plastic and steel cards into paper cards and re-brand them as ass-wipes, 1 cent a piece still seem a little expensive though. Toilet paper is cheaper. Maybe if you buy 10 BNB you get sent one Ass-wipe.

>>22991623
I think they have a lot more coins already than they are able to dump on the market. I think price is holding up due to staking and farming, once that ends...

>>22982699
More fees burned when they need to use BNB cards now

>>22992604
current burn rate is about a little more than 2 million coins a year, they have 200 million in reserve, but even if burn rate increases there will always be a minimum of 100 million coins, so the burn has limitations. 100 million coins for a coin that's essentially useless and worthless, so yeah not excited, that is even considering that they eventually will be able to deliver working SXP functionality and won't end up in jail, or get restricted by regulations, or competitors take over etc. etc.

>>22992715
They had so much potential when the white paper came out. Now ended up with empty promises, significant disappointment and poor execution in all areas. Oh how they fell.

While all the fudders desperately try to get holders to part with their SXP...

-60m out of 75m supply are locked up in staking
-Cash back just got increased to 8% on the card
-Binance is becoming compliant in order to become a bank
-CRO is exit scamming

FUDs not working guys. Big holders that are in anchored in since 50c, know the goldmine they're sitting on and won't sell. Especially with the ridiculous staking returns right now.

>>22992825
Yes staking is nice. But who is going to buy SXP? Holding myself

>>22992771
well I think it's very simple, I don't believe they ever really had a genuine intention to deliver. What I mean is, Joselito his expertise is bitcoin trading and OTC trading, I think that was what this was all about all along...

>>22992825
It doesn't matter how many coins are locked up if team and Binance have a lot of tokens to dump. They are the ones being able to profit from you guys staking just like at the first pump and dump. Once they have dumped you can dump your free worthless tokens.

>>22992825
>cro is exit scamming
>swipe is the one doing sketchy stuff

ngmi

>>22992872

All fees in Binance cards are paid in Swipe and 80% are burned. Swipe is the utility for the entire thing, it'll always be required.

>>22992921

Team just burned 10 million SXP to show their commitment to the project. Wouldn't do that if their intention was to pump and dump.

>>22992974
team could have incalculated that burn in advance, I mean 10 million compared to the 200 million they still have is nothing. Also take notice of the timing of the burn. It was right after the exchange rate peaked and was going down, I think it was meant to blow some hopium back in the market so they could sell of more SXP (or Binance). Whatever it was it was not natural, there was a lot of good sentiment, there was supposed to be only very little coins in circulation, but Binance wallets got emptied and price went down a lot. This was shady as most investors thought circulating supply means all the coins that are available on the market for buying and selling.

>>22993097
There's gonna be one finam pump before the plane crashes.

>>22993199
maybe, but not likely based on fundamentals, so it's like gambling. But maybe you are right though, Swipe team and Binance still have a lot of coins left to dump. Maybe the insane staking rewards and farming gets potential sellers off the market and they can rinse and repeat a pump and dump that way. I don't like gambling though so I will watch it unfold from the sidelines.