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11723551 No.11723551 [Reply] [Original]

what went wrong?

>> No.11723558

>>11723551
???

It served its purpose. Coinbase needed to unload their bags.

>> No.11723579

>>11723551

The only reason this coin ever existed was to get the Coinbase pump. That's literally why its creators quit their jobs at Coinbase and created it. Once that happened, there was no more reason for it to exist so it dumped.

>> No.11723646

>>11723551
Most people weren't interested in it besides Coinbase adding it. Still will probably pump again someday, and it's a good project, but Coinbase was the main draw for many.

>> No.11723673

>>11723646
How long will it bleed for?

>> No.11723714

>>11723673
I wish I knew. Hopefully it bounces soon, but it depends on the overall market.

>> No.11723762

it's a great project but the token's only value is for governance on the platform which will only matter if the relayers get massive adoption.

>> No.11723788

>>11723579
Is that same thing gonna happen to BAT?

>> No.11723791

>>11723551
what went right? zrx and usdc is how coinbase is going to make decentralized exchanges work. just be patient frens.

>> No.11723797

>>11723788
bat has promising tokenomics. zrx has bad, nearly worthless, tokenomics.

>> No.11723847
File: 30 KB, 650x382, laugh.jpg [View same] [iqdb] [saucenao] [google]
11723847

>>11723791

Decentralized KEK

> zrx - top 100 holders own 80% of the token

> usdc - needs KYC in coinbase to cash out

Please name some exchanges that use ZRX? Right, you've been scammed

>> No.11723971

>>11723551
This erc20 shitcoin is useful only for trading other erc20 shitcoins. Did you really think this had a future?

>> No.11723983

>>11723847
https://www.forbes.com/sites/michaeldelcastillo/2018/11/09/new-sec-cyber-chief-puts-cryptocurrency-exchanges-on-notice/#5da3ad062fb8

>In May 2018 licensed cryptocurrency exchange Coinbase purchased Paradex, a decentralized exchange powered by 0x, a platform designed to streamline the creation of cryptocurrency exchanges without a single point of failure. In August 2017 0x raised $24 million in an initial coin offering (ICO) in which the public was able to purchase tokens used by the exchange.

Since then, a number of other decentralized exchanges have launched on the 0x platform, the most prominent of which is Radar Relay, which raised $10 million in traditional venture capital from Blockchain Capital and others. Similarly, decentralized asset manager Melonport is building an autonomous system scheduled to be fully deployed in February 2019.

While Cohen’s comments make it clear the SEC intends to assure that exchanges doing business in the United States are compliant, what is less clear is how the regulator might handle decentralized exchanges with less cooperative or anonymous creators.

By their very nature, blockchain-based exchanges are nearly impossible to shut down. While online access to centralized servers can be revoked, a new wave of decentralized servers, domain providers and more are becoming increasingly popular. Soon, even traditional means of enforcement could become more difficult.

>> No.11724014

>>11723983
>>11723971 do you even read the stuff you type?

>> No.11724041

>>11723551
Added during the first year of a years-long bear market.

>> No.11724049

>>11724014
Did something I say go over your head? Do I really need to spell it out for you?
SCAM
C
A
M

>> No.11724082
File: 152 KB, 1200x1200, RP.jpg [View same] [iqdb] [saucenao] [google]
11724082

This is the horse you should be putting your money on. But once again you will miss out biz.

>> No.11724111
File: 48 KB, 624x567, 1527348457164.jpg [View same] [iqdb] [saucenao] [google]
11724111

>>11723983

>the most prominent of which is Radar Relay,

- Radar Relay does $79K in volume and is 170th in exchanges. It's utter shit.

- No other exchange uses 0X

- A governance token that maybe used for fees in DEX but not used by any DEX unless you're retarded enough to be scammed by $79K volume

- We don't even know what the future of DEXes will look like. What kind of DEXes will be dominant, what they will be using.

- Token model is broken. How is value going to increase? Relayers will get them for fees but they'll sell them for profit. There is no burn. Even shitty REQ was smart enough to think of a token burn model to increase value!

- People thinking that Relayers hording them to monopolize the token and increase value are mistaken. Top 100 wallets already own 80% of them. They are already horded by a few


Fucking retards don't do your research and get scammed by shitcoins.

>> No.11724140

>>11724111
0x the project is really cool and dexes built on 0x are cool. there's no reason for anyone to own the zrx token nor any reason to expect it to increase in value.
zrx the token is a one trick pony. getting listed on cuckbase was its one claim to fame. anyone holding after that is deluded and probably retarded.

>> No.11724183

>>11724140
>anyone holding after that is deluded and probably retarded.
but it mooned a lot even before cb

>> No.11724201

>>11724183
because everyone knew it was going on coinbase. that was it. that was the whole reason to hold it. to dump after coinbase listing.

>> No.11724229

>>11724049
Excellent argument

>> No.11724279

>>11723551
Coinbase listing is now the kiss of death.