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/biz/ - Business & Finance

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25178368 No.25178368 [Reply] [Original]

Assuming Jollen delivers on the DEX with limit orders and chart tools and finds solutions for slippage and impermanent loss as it looks like he might, where does DEXG go next year?

>> No.25178382

$500m mcap if everything happens (especially limit orders and stop loss).

>> No.25178480

>>25178382
Optimistic mate, I was thinking a X20 from here to take it to $100M market cap next year, but fuck it, why not a X100.

>> No.25178551

>>25178368
at least $50 million cap in 2021 at least

>> No.25178640

>>25178368
how does eliminating IL work?

>> No.25178712

>>25178640
Nobody actually knows, there's a bunch of math formulas in the research paper's jollen wrote but I don't know enough math to verify.

>> No.25178751

>>25178640
I don't know if it can be eliminated anon, but looking at their beta it seems the combination of the speculative AMM and individual asset pools each backed by individual weth pools, rather than being pegged to other assets, may reduce it, unsure yet though.

>> No.25178943

I think the dex offers benefits over existing dexes for both liquidity providers and traders. Honestly there is no reason to not see it as over 100 mil mcap next year. 500 mcap mentioned in this thread is possible as well.

>> No.25179204

Unbelievably under the radar. If they deliver a quarter of what they have promised in the next few months this will be above Pancakeswap (5X from here)

>> No.25179241

>>25178943
I'm thinking the same 100 to 500 million market cap should be achievable, traders are gonna trade where its cheapest and reducing slippage is gonna be a big one. I think people also overlook how having no oracles makes it truly decentralized exchange. On top of that implementing cex tools into the decentralized platform is going to be huge if that comes out 2021. Very exciting project that has a lot to deliver, and delivering even half would still put it past most DEXs already put there.

>> No.25179248
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25179248

100 mil next year for sure. Sky's the limit beyond that.

>> No.25179361

500m is possible but honestly the bigger holders in the community are going to dictate that. They've been patient and have managed to accumulate quite a lot of DEXG while the majority of crypto space has ignored it, so a lot will depend on how good the rewards are for holding it (volume and transfer fees). I would imagine selling pressure will keep us to 50-100m in the short term while DEXG changes hands from some of the biggest holders early next year, and after that and the DEX is established we could see some great stuff Q2 2021.

>> No.25179551

and yet all i see is threads for graph, bond, api3, iexec and all the other absolute shite, but hardly any DEXG threads, never change biz.

>> No.25179601

>>25179551
I mean, I've been feeling that way for a while but it is also possible that people are generally uninterested, which is a shame but sometimes great projects go ignored and that's just the way it is. Given how much is yet to be released I am still bullish, but expecting anons to actually research something is expecting to much I suppose. Have finally seen some Crypto Twitter accounts talking about DEXG though so am hoping our time is soon to come!

>> No.25180228

>>25179361
I'm hoping we get some clarity on rewards for holders, the percentage that gets set and the tokenomics of the secondary coin should give us an idea of how valuable this coin will be as a long term hold. Ideally I'd want to sell some of my stack into bitcoin when we get to a certain point but if my stack pays me enough where it's more profitable to hold and pour my secondary coin into BTC over time I'll probably just do that. But I gotta know the parameters of rewards before I start thinking about long term plays.

>> No.25180330

>>25180228
Yes benefits for holders will be a key part of the development

>> No.25180544

The supply is going to be capped at around 55,000 too, only 550 people can hold 100

>> No.25181034
File: 500 KB, 2083x1079, 1608660419118.jpg [View same] [iqdb] [saucenao] [google]
25181034

Always remember I was here trying to tell you absolute degens to buy this in the 30 dollar range, and I think a few higher functioning biz browsers did.

>> No.25181140

And the reward for most slept on, potential X100 project of 2020 goes to......DEXG

>> No.25181172

>>25181140
think you mean award anon

>> No.25181266
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25181266

>>25178368
>finds solutions for slippage

>> No.25181341

Also I suppose I should have added that I’m from the future, dexg overtook UNI as the number one decentralised exchange in 2021 and people no longer use centralised exchanges after what happened with binance. Many early DEXG holders live on the moon with a fleet of lamboraris (the two companies merged in 2022) and John McAfee is the president of the US, with bitcoin having replaced fiat currency in early 2023.

>> No.25181385

>>25181266
Yes?

>> No.25181477

100m marketcap in q2 2021 screenshot this

>> No.25181509

>>25181385
>10k token X in pool
>someone buys 9999 of it
>no slippage
???
are you actually retarded? supply and demand

>> No.25181621

100-200m mc at end of q1 2021.

>> No.25181684

>>25181509
Its reducing slippage is what the protocol does, not cures it. Also there's no Impermanent loss due to how the sAMM interacts with the token pools apparently so that actually is solved

>> No.25181769

>>25181509
Find solutions for is not equivalent to removes completely, this may or may not be the final solution for slippage, but it will definitely effectively reduce it.

>> No.25182033
File: 85 KB, 1280x783, 63659F7D-9A55-439A-9859-BE12153DF8FE.png [View same] [iqdb] [saucenao] [google]
25182033

At least reducing slippage is going to be good for bigger traders

>> No.25182279

I understand the technology and its implications and have a big bag of this

>> No.25182309

explain how you think impermanent loss can be fixed and i'll send you 1 ETH

>> No.25182380

>>25182309
Removed completely or reduced?

>> No.25182419

>>25182309
Hey I can't explain it but you can test it right now on the beta on the ropsten network. Ask one of the dev's in the telegram, he might be able to give you the math behind it. Maybe you can save that ETH and just spend it on a few DEXG and wait.

>> No.25182499

>>25182309
Here I pulled the quote from the telegram for you from one of the dev's
>"The long answer is not easy since it's all mathematical formulas. Most AMMs are inspired by what's already exisitng, which are token-pair contracts to build pools. The sAMM has been built to handle single token contracts instead. Instead of interacting with one pool when you exchange token X for token Y, the sAMM interacts with two pools allowing the pooled assets to be independent from each other. In turn the negative effects of pooling a token-pair can be removed from the equation."

>> No.25182507

>>25182309
AFAIK it is that by providing liquidity you provide it into individual pools, so similar to how smart pools work in balancer the amount of tokens in each individual pool can change and it doesn't mean you are providing 50:50 liquidity balanced between two pools like on Uniswap, which is the major cause of IL.

>> No.25182565

>>25182499
>>25182507
does this mean you can provide liquidity on only one side if you want?

>> No.25182630

>>25182565
I haven't had a chance to use the beta yet but I believe from what users in the telegram are saying is that you use single token liquidity pools if I remember correctly.

>> No.25182690

>>25182565
Yes you can deposit a single asset.

>> No.25182784

Strap in lads, this is going to fucking fly soon.

>> No.25182969

>>25181034
Thank you anon.
I didn't buy it at that price, but thank you for trying>>

>> No.25183181

>>25181034
I dithered at $30, thought about it, researched extensively, then bought in at $48, and again at $70 after exiting my RLC stack (feeling pretty righteous about that decision right now) - and feeling quietly optimistic about the potential of this one lads. I've given up shilling it on /biz though, getting called a pajeet scammer for trying to help people out becomes tiresome after a while. wagmi boys, praise Jollen!

>> No.25183257

>>25183181
Make it stack is 100?
Also a new staking round will be up on 28th, dont forget that.

>> No.25183414

>>25183181
I know the feeling, I wish people could fire up their neurons, load google and do some research on Jollen chen and flowchain, instead of listening to mongloids going wild about graph and link.

>> No.25183450

>>25183257
100 will be worth $100,000 in a few months.

>> No.25183498

If any of you inbred would have read the WP, you would have understood that slippage is not eliminated, but significantly reduced and the same goes for IL. Unfortunately, if you are waiting for someone from this cancerous forum explain to you how this works you won't make it. 99% of you probably can't even read the math detailed in the WP, let alone understand it. That's a pity though, you are going to stay poor anon.

>> No.25183567

>>25181034
I've told you this before but as soon as I saw your post, I read the white paper and aped the fuck in QUICK.

>> No.25183708
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25183708

something doesn’t add up here, sounds like a top 100 on CMC project but has a marketcap of 5 million, what am I missing?

>> No.25183769

>>25183414
there was a 2 day window when you could make a 6x out of Graph, i looked at it after the initial dump when it was at ATL, but was all-in on DEXG by then and left it - in hindsight it would've been worth throwing in for the pnd, but i didnt imagine it would go to .7 over the next day or so - at that point id already decided it wasn't set up for genuine long tern gain - to much supply, most out of circulation etc - anyway, 'biz will notice DEXG eventually once most are priced out. shrug.

>> No.25183817

>>25183708
Main net hasn't launched yet, if the main net launch goes as planned you should see rapid growth.

>> No.25183867

>>25183708
maybe you're missing that 'herd mentality' impulse when everyone apes into the next scam. 90% of /biz are hot-heads who lack circumspection. If there is a catch, then its well hidden -if you find it, let us know !

>> No.25183913

>>25183867
seriously though, imho the unit price just puts most Anons off from the get-go - the thought process being; why buy a handful of DEXG when you can get 1M shitcoins for the same $ spend

>> No.25183976

>>25183708
I'm in DEXG and I still wonder if I am Psyopsing myself

>> No.25184028

This could go 100x if it is not vaporware. I'm thinking of buying more, I just don't want to get fucked in the ass if it doesn't turn out to be viable.

>> No.25184056

>>25183913
Low supply is a huge filter. I laughed my ass off seeing all the UNN threads hyping up. It took one etherscan to see the absurd supply. Same thing with GRT (I did 2x on the hype though).

DEXG should see mass FOMO when the main-net launches mid Q1.

>> No.25184183

>>25178368
A modest prediction would be around 30m market cap, since there is a lot of competition it might be hard for it to stand out initially, even if it is really good. 150m market cap if things are delivered on marketing is there and it catches on faster. 300-350 market cap with a bit of luck, and it catches on faster than expected. 500-600m market cap if it is head and shoulders above the rest of the competition and word spreads like wildfire. 1B if the benefits of holding DEXG are absolutely fucking insane (really good passive income through dividends off of trading fees) and with the before aforementioned scenario

As it stands, I think it will hit around 150m for just being a competent exchange

>> No.25184188

I'm expecting YFI numbers if there is a crazy bullrun next year. The low suppy is the key.

>> No.25184551

>>25184183
Based opinion in all honesty.

>> No.25184611

>>25182630
Very interesting.

>> No.25184734

>>25182630
As much as I have faith that this project will make me money I cant trust people in telegram as far as I can throw them

>> No.25184988

What's the problem with the TG? I've always had almost instant replies to all my queries, proper answers I mean no BS. So your point is?

>> No.25185131

>>25184734
There are developers in the TG that answer questions from time to time.

>> No.25185216

>>25184988
Agreed the team members in the chat are some of the most helpful I’ve come across, insightful on all levels.

>> No.25185332

If this token had a price point of below 10$ (and respective supply) the mkt cap would've easily been 3-4x higher. Inbreds really love seeing a lot of tokens in their wallets

>> No.25185508
File: 28 KB, 512x460, bestdex.jpg [View same] [iqdb] [saucenao] [google]
25185508

>>25178368
I’ve said it before and i’ll say it again, I’m convinced these basic niggers don’t understand what the market cap of a decentralised exchange with little slippage, minimal IL, order books, limit orders, inbuilt dextools and no price oracles should be. Wake up biz you’re an absolute disgrace.

>> No.25185575

>>25185508
To be fair it has to actually launch and work on live network, but I'm confident the team behind it will pull it off. Also limit orders and stuff are a ways down the road, I dont think they're going to be live when the exchange first goes up.

>> No.25186044

>>25185575
agreed, that will be the big test

>> No.25186719

Dexg has so much promise.
Launch seemed to boost the price
Even now seems low, comparable to this year's high anyways.
This is 5x growth minimum.
Also does anyone understand the slippage and how its a vast improvement to other tokens. I dont understand it all but a tech buddy of mine said the tech was groundbreaking

>> No.25187425

>>25186719
oooh tech buddies

>> No.25187477

In my mind the timeline goes like this...

Q4, 2020; Beta launches, shows promise. J-Curve begins. [YOU ARE HERE]
Q1, 2021; Main-net launches, functional DEX with reduced slippage exists. Lots of hype.
~Q4 2021 - Q1 2022: CEX tools such as stop losses and limit orders are here. [SURPASSES UNISWAP HERE].

At least in my mind, that's the timeline. Supply is locked, so have a fun trip.

>> No.25187561

>>25187477
I think some advanced features may come earlier than you think

>> No.25187591

how many do you faggots have?

111 stacklet here

>> No.25187810

>>25187591
350

>> No.25187860

>>25187591
Big dick bastard with a 270 stack

>> No.25187946

more than you peasants

>> No.25188037
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25188037

Only consiglieres and above will make it next year

>> No.25188109

>>25188037
omg whyyy I have only 50 ;-((

>> No.25188278

>>25187591
1k dexg

>> No.25188298

>>25188109
Same, I missed all the staking rounds and now the IL makes it so lose if I stake. But I wanted to stake at least one to grab a small bag of the secondary token airdrop.

>> No.25188332

>>25188278
larper

>> No.25188681

>>25188037
gonna be in the hundred bracket soon dexgbro

>> No.25188842

>>25188332
not larper anon future millionaire

>> No.25189482
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25189482

we’re all going to make it

>> No.25189569

We'll have a great addition tot the DeFi world when this launches. Very interesting to see such AMM innovation

>> No.25189614

>>25188298
How exactly does the staking work? I'm new to this and also a brainlet

>> No.25189788

Anyone who can play the devil's advocate and find serious arguments as to why this might fail miserably, I'll genuinely pay you $500.

>> No.25189938

>>25188037
120 dexg here. It feels like enough but if other investments go well I will get at least 200

>> No.25190029

>>25189788
The serious arguments as to why this might fail are
>something goes bad with the team, a scandal that breaks them up, which causes the brainpower to not be all there
>The launch of the mainnet goes poorly, and more time is needed to fix it, by the time they get the mainnet going something could have taken their niche
>the tests for hacking in the beta are not quite enough to be addressed and a large scale hack happens to dexg itself, proving it to be unsecure and unreliable

>> No.25190164

>>25190029
They have 2 external audits and many internal audits. Along with that they have the community. I think things will go well

>> No.25190191

>>25190164
Yeah I think they have more going in their favor than against them, however they are still only human and prone to human failings.

>> No.25190474

>>25189614
I tried and fucked it up, ended up losing $20 in ETH fees

>> No.25190695

>>25190029
>>25190164
>>25190191
Glad to see anons taking this project seriously and looking at some actual issues this could face and not just barking "MOON MOON".
For me it honestly all seems top good to be true. The dev team and white paper made no mention of the lack of Impermanent loss on the platform which seems weird. Also I'm not a math genius and have no way to genuinely assess the math used in the sAMM despite it being in the white paper. For all I know its gibberish and I'm being bamboozled. Although it is highly unlikely considering jollen chen is legit.
Also I fear promising so much, even of they do deliver, missing some dead lines or promised features not living up to hype could sour price movement.

>> No.25190759

>>25190695
I think even if price movement sours. having a functional exchange still makes it a profitable investment at the very least. It will probably reach its prior ATH upon launch of the exchange