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14495168 No.14495168 [Reply] [Original]

Is idex token undervalued? 12M market cap for the most established dex exchange in crypto space seems too low. Their volume spiked big time in the last few weeks and I believe it will only go higher in future once Americans start leaving binance. Also, their staking program is great in a sense that it rewards hodlers in ETH so it doesn't inflate token price. Major update of UI update is planned for Q3.

I'm thinking about investing half of my portfolio into IDEX. What do you guys think, is it worth it?

>> No.14495178

sure can't go wrong betting on the house

>> No.14495257

Idex has already blocked New York, get ready for the token to crash when they block the US

>> No.14495380

>>14495257
First, they said they won't block US, second US block wouldn't crash it anyway since mutts consist a very minor group of IDEX users as they are generally too stupid to use it

>> No.14495399

>>14495380
Source?

>> No.14495568

Isn't IDEX supposed to be a decentralized exchange? IDEX being able to block a state sounds like a centralized sort of move though

>> No.14495703

>>14495568
Well, they can restrict you from accessing their website, but simple VPN/proxy fixes this problem, as they won't ask you for KYC like CEX can do.

>> No.14496658

>>14495257
>getting blocked from a decentralized exchange
why are americans retarded?

>> No.14496700

>>14496658
binance dex is geo-locked

>> No.14496948

>>14495168
>tfw bought at 20k gwei

just

>> No.14496974

>>14495703
I thought it was KYC for withdrawals or is that only for burgerland accounts?

>> No.14497081

>>14496948
just 10% down, you'll be alright

>> No.14497099

What kind of returns are people getting from staking 10k Idex?

>> No.14497118

>>14497099
~5$ a month

>> No.14497125

>>14497118
lol,that's shit

>> No.14497132

>>14495168
Exchange coins are a guaranteed income boost. But you would have to wait until idex gets binance users first.

>> No.14497187

>>14497118
Really?

>> No.14497214

>>14495168
No, if anything it's overvalued. While it's certainly one of the bigger DEX, the ROI from running a validation node isn't anywhere near enough to offset the potential gains from shitcoins mooning. Lrn2 Opportunity Cost.

>> No.14497270

>>14496974
Burgers need to, but it's probably easy to bypass. They're making a reasonable effort, and it's honestly more of a good will move IMO, as I doubt the authorities have passed a law or something. It's just that the US is one of the most crypto-unfriendly nations, and New York is the most unfriendly.