/biz/ - Business & Finance

[Anonymous No.19497268]

If you know, you know.

[Anonymous No.19497293]

token not needed

[Anonymous No.19497305]

>>19497268
I don't know, what's there to know?

[Anonymous No.19497394]

>>19497293
True but what project does need a token? Link, omg? Literally none of them outside of eth. At least it will be rewarding tokenholders through staking, burns, and governance.

[Anonymous No.19497425]

>>19497394
link needs a token for transfer and call, no?

[Anonymous No.19497431]

Is this Kucoin?

[Anonymous No.19497607]

>>19497425
Couldn't you just use eth without any need for a token?

So you're not holding and do not care for this project because there is no need for the token even though it seems to have the best rewards for holders? Do you think having to pay fees to useless token holders will make it uncompetitive and obsolete? Right now I think the biggest concern is transaction costs but you'd think it would resolve with eth 2.0.

[Anonymous No.19498521]

>>19497293
Pretty sure the token is needed for every transactions on the kyber network. Network fees are in knc and a percentage of the tokens get burned with every transaction.

[Anonymous No.19498584]

>>19498521
This is is why I am so bullish.

[Anonymous No.19498892]

>>19498584
Yeah I don't get why people just don't go onto the official site and read the blog updates and white papers. The tokenomics for this project are some of the best I've seen but we get fags on this board repeating the "token not needed" meme for very alt that gets shilled here.

[Anonymous No.19499009]

>>19498892
We just need some good memes but we should wait until above $1 to start shilling.

[Anonymous No.19499039]

>>19498892
Well, just because there's good rewards for tokenholders doesn't mean it's needed. It's not needed I suppose.

I think the project is going to blow up but at the moment transfer fees are a little high and that will seriously hurt adoption.

[Anonymous No.19499101]

Make it stack?

[Anonymous No.19499233]

>>19499101
10k to make it.

[Anonymous No.19499347]

the token is literally what's keeping this platform down
lol
ICO model no longer valid

[Anonymous No.19499378]

>>19499347
I think it's the high gas prices.

[Anonymous No.19499512]

>>19499233
explain to pleb

[Anonymous No.19499522]

>>19497607
>Couldn't you just use eth
I don't think the transfer and call that LINK needs can be done with ETH, but I might be wrong.

[Anonymous No.19499537]

>>19497607
I think for link to be blockchain agnostic it 'needs' its own token because wouldnt using eth be prohibitively expensive? I thought this was the hype around link+arbitrum.

[Anonymous No.19499600]

KNC $10 EOY. Proof is in my ID

[Anonymous No.19499746]

>>19497268
I wanted to hedge against a longshot DEX play
I have a position in with a position in a more established and safer DEX coin. Looked hard at Kyber or Loopring and wound up going with $LRC. In about 3 weeks my $LRC has a 50% ROI so I probably made the correct short-term play at least. I feel like they are comparable projects: What do you think?
>>19497394
Most projects have a whitepaper or equivalent documents; read them. If you haven't done that, then you're talking out of your ass. Decentralized exchanges use tokens in various ways but generally they are needed to secure the network. For instance, someone can build their own dex no top of Loopring's tech but they need to secure some LRC first.

[Anonymous No.19499864]

>>19499746
Kyber seemed to have more support in the defi community which is driving this bull run as well as better tokenomics.

[Anonymous No.19500049]

>>19499864
$LRC has half the market cap of $KNC but I wouldn't say they have half the support of the "defi community". In fact, part of the reason Loopring seems to be doing so well is the constant recognition it keeps getting from money skely and the community for their scaling tech for ETH. I think Kyber will grow, but I can't see why Loopring won't catch up to them and their growth potential looks much higher.

[Anonymous No.19500292]

>>19500049
I see. I will do more research into loopring.

[Anonymous No.19500320]

>>19500049
I totally agree to this. Loopring and zkRollUp is the way to go tbf

[Anonymous No.19500552]

>>19500292
Wasn't trying to completely hijack the kyber thread into a loopring thread; I just didn't talk to any $KNC holders like I probably should have before making some investment choices so now I'm kind of making up for it after the face. Do you stake your KNC and if so, what are the returns like? For reference, my numbers are too early to get anything statistically significant but I think I'm getting like 1 LRC per 10k staked a day (based off of 3~ weeks of staking). Still a lot can fluctuate but I was estimating about 4% APR when I did the math a week ago and the price of LRC has only grown so it might be closer to 5% now. Still early rough guesses though.

[Anonymous No.19500844]

>>19500552
I appreciate the input. I'm actually just getting back into crypto after being on a couple year hiatus. Noticed Kyber getting a lot of traction and decided to start with it so posted this vague thread to get a feel for the sentiment. Heard it is what MakerDAO uses and also is what powers uniswap along with it's own dex. Staking is not launched yet but is supposed to go live end of June and you will get paid in eth. Holders vote on rates I guess. I didn't look into loopring much and wasn't aware they had a successful product as when I was last seriously involved in crypto they were mostly written off as a chink scam.

From what I see though high gas fees are crippling further adoption so loopring may be in better position.

[Anonymous No.19501919]

>>19497293
You know, except for TX's, and the Katalyst DAO, oh yeah and staking. Fud much?

[Anonymous No.19502501]

>>19497268
when is staking?

[Anonymous No.19502946]

How can you cope with holding crypto from a service company? The future is in decentralization and the applications of corporations on trustless protocols. Kyber would have better luck if they developed the leading dex on top of the best protocol.