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/biz/ - Business & Finance

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50216168 No.50216168 [Reply] [Original]

Avax is criminally undervalued

>> No.50216247

*overvalued

>> No.50216270

>>50216168
>still up 19x
not buying

>> No.50216269

>>50216247
Go fuck yourself. Another paid fudder

>> No.50216343

It's going to be around 200 EOY bro

>> No.50216523

>>50216168
They have massive incentive programs, isn't the Subnet incentive thing alone $290M, most other projects are tighter than a ducks ass, ICP $6M hackathon, Jewlana $10M phone dapp incentives.

>> No.50216648

>>50216168
No, it really isn't. It's garbage shitcoin that the world has no use for.

>> No.50216659

>>50216168
faggot did you check the unlock schedule ? it is way overvalued

>> No.50216693

honestly whole dump feels like it was just to get as much cheapies as possible

>> No.50217166

>>50216168
Sounds like a you problem

>> No.50217184

>>50216247
FPBP

>> No.50217187

Is Subnets, the official Avalanche scaling solution, stolen?

Here’s what’s alleged:

- Zero.Exchange submitted a proposal for funding a multi-blockchain subnets to Emin
- Emin loved the idea and encouraged them to provide all the info they could so he could appraise the project in full
- Weeks go by; no feedback from Emin
- Suddenly, all contact is broken off
- The next day, Subnets is announced
- Zero.Exchange, fearing the worst, launch by building their own Polkadot parachain
- AVAX team and Subnets devs start gaslighting the community, by first lying that Zero.Exchange is a scam, then pretending it doesn’t exist
- Subnets launches, taking down Avalanche and crashing the price from $60 to $30
- Zero.Exchange accelerate integration with Polkadot to mitigate the risk of being stuck on Avalanche and the apparent risk it now entails
- Zero.Exchange rapidly iterates, integrating additional blockchains such as BSC, leaving Subnets in the dust as a second rate also-ran

Can anyone refute these claims? What’s most concerning is Zero.Exchange is clearly the better app and the ZERO team are certainly smarter and harder working, so the allegations are entirely plausible.

I think AVAX holders deserve an explanation.

>> No.50217216

>>50216523
Emin said they haven't even used 1/3 of Rush funds, and Rush isn't even 1/10 of AVAX foundation budget

They're unironically loaded for multiple bear market

>> No.50217217

What about all the AVAX that 3ac owns? That has to get dumped right?

>> No.50217245

>>50217187
is zero.exchange dead now?

>> No.50217280

>>50217217
They dumped their wallet a month ago

>> No.50217291

>>50217187
zero, hbar, eth, poldka, iv'e seen every single L1 throw it's name around when avax is mentioned. i just don't care dude. Avax will reign in heaven.

>> No.50217317

>>50217216
also this, in his lat podcast Emin mentioned being set up for the next 3 years, they are swimming in funds now, imagine the next run up.

>> No.50217335

>>50216247
this
not buying your crappy ghost chain
avax is the new NEO

>> No.50217356

>>50217187
Based Zeroschizo, glad you're still around

>> No.50217404

>>50216168
Is 500 Avax enough to make it? I have $70k that i dont want to touch.

>> No.50217429

>>50217404
Long term: Yes
mid to short term: no

>> No.50217500

Inflationary septuple spend
Overvalued short term and long term

>> No.50217506

>>50216168
What does it do?

>> No.50217636
File: 31 KB, 600x600, st,small,507x507-pad,600x600,f8f8f8.jpg [View same] [iqdb] [saucenao] [google]
50217636

At the current state of the market avax is an eth hedge and everyone that can code a simple "hello world" output knows that its superior based on facts and not on promises. Also everybody knows that eth could be a giant scam rugpull because they are in denial that its not more worth that a fucking dead outdated shitcoin like litecoin eos and neo.
Gl anons see you on the other side

>> No.50218459

>>50217317
so they were the ones to dump us into oblivion, nice what amazing devs you guys have

>> No.50218580

>>50216247
Fpbp

>> No.50218610
File: 1.29 MB, 1360x5751, 1637141884023.png [View same] [iqdb] [saucenao] [google]
50218610

>>50216247
fpbp

>> No.50219521 [DELETED] 

>>50218459
>dump into oblivion
and instead Avalanche Rush sent the token price from $10 to $140. Turns out providing incentives to devs is actually a smart move. Who would have thought?

>> No.50219566 [DELETED] 

>>50216168
I would buy it but I don't buy anything unethical

>> No.50219655

>>50219521
they got the funds by... dumping just like sir gay does
>avax went from $60 to $9 to $140 to $14

>> No.50219882
File: 144 KB, 777x766, 1657190808593.jpg [View same] [iqdb] [saucenao] [google]
50219882

>>50218610

BIG OOF

>> No.50222097

got a 1.4k stack

see you in a few years

>> No.50222204

>>50216693
you sound like you're playing bagholder bingo

>> No.50222226

agree

my $3 buy order is set

>> No.50222253

>>50222222

>> No.50222297

>>50216168
It's overvalued. DeFi will never work on a blockchain. The correct value is: $0

>> No.50222344

>>50217506
uhhh it uhhh it it it can be u-used for uhhhh uhhhhh well blockchain is uhh part of it. that uhh makes it it makes it so t-that its not centralised you see uhh this is.. is is decentralised finance. its a decentralised finance token. thats what it does.

Blockchains are slow and shitty and can only be used for things that require tiny amounts of data. ETH requires $250m to store 1gb and that number is $150k for AVAX. The future of finance.

>> No.50223179

Yea, avax is criminally

>> No.50223840

you're a literal dumbass if you think avax is undervalued. the only altcoin that's truly undervalued is matic simply look at the recent developments like reddit launching their nft marketplace on polygon, you'll realize how undervalued it is

>> No.50223900

>>50223840
>shit coin A us useless! let me tell you why shit coin B is the future!
why are people like this

>> No.50223945
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50223945

>bought at $3
>sold at $60
i'll re-buy at $3

>> No.50224012
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50224012

>>50216168
It's still overvalued. It's literally a shitcoin.

Give me 1 utilisation of AVAX roach chain... lmao

>> No.50224033

>>50216269
Why would someone be paid to FUD? I mean the research is there for all to see in the most ambiguous of senses to confuse the normies obviously

>> No.50225163

>>50224012
>Give me 1 utilisation
200+ dapps and actual DeFi

>> No.50225436

>>50216523
You know they fund those by selling AVAX right?

>> No.50225732

>>50225436
They give Avax tokens out for the incentives…. The rush program was 10 million Avax tokens, then multiverse program is 4 million or something. They don’t sell the tokens for those programs.

>> No.50226256

> Have stable business, revenue, and growth plans for expanding into blockchain
> Reach out to AVAX team
> Get 15 min meeting with moonbois JOHN and ERIN, or other whiteboy trash names
> Sit down and discuss need for partnership, security, and mutual interest growth
> Explain benefit to AVAX ecosystem & investors as baseline business transactions will happen on blockchain
> Moonbois offer literally nothing in return
> Moonbois brag about avax technology
> "It's the future bro"

And this is why AVAX will never be anything more than marketing hype. It's basically FTM with the stupid TVL games, nobody wants to build with AVAX. Good luck while Cosmos chains & ecosystem eat your lunch bagholders.

>> No.50226692 [DELETED] 

>>50226256
>marketing hype
crypto price action is 90% marketing and 10% fundamentals
what you said is actually good for the disgusting turkroach coin

>> No.50227793

>>50226256
Yes, cosmos. Where you have to find random validators for your chain. Limited to about 150 btw. Avax at least enables you to use validators from a marketplace.

>> No.50228015

>>50216247
Fpbp

>> No.50228066

>>50217335
>the new NEO
Unlikely. NEO actually made me money.

>> No.50229762

>>50217404
That's enough only for the long term. I have the same on AVAX and LOX respectively and I have no intention of selling them until the next five years.

>> No.50230409

>>50216168
those cheeky fucking turks stole the subnets idea from Cosmos!!

>> No.50230824

>>50230409
it drew inspiration from Polkadot and Cosmos as these projects are also trying to create a horizontally scaled and heterogenous network. However, DOT and Cosmos are ultimately more derivative of each other than AVAX simply due their shared use of Nakamoto consensus and it's relatively tiny validator limit. Validator limit may not sound like a big deal, but it actually has a ton of weight when designing network architecture.

Compared to Nakamoto, Avalanche consensus is most suitable to horizontal heterogenous scaling for two reasons. First, the validator limit scales to millions allowing for every validator to participate in the 'hub chain(s)' (for AVAX it's the 3 XCP-chains) and it also allows for subnets to scale to encompass the entire network if market forces push in that direction. Second reason, Avalanche consensus is not actually a 'block-chain consensus' protocol like Nakamoto is as it doesn't need a blockchain or even a DAG to function. It's a more elegant and simpler consensus mechanism that does not need data arranged in any particular way. Some find it hard to believe that you can separate the blockchain data structure from consensus, but it only seems that way since that's the only way it's been done for an entire decade before Avalanche unexpectedly showed up. Same way a fish wouldn't know what water is until it's been pulled out and exposed to air.
So Avalanche is a pure consensus protocol and because of that it allows for more flexibility for the layer running on top, the data layer where blockchains, DAGs, and VMs sit. So unlike DOT and Cosmos, AVAX subnet devs are not limited on what they can build at the VM layer. Of course this space feels more comfortable with blockchains and they are indeed very useful structures, but that doesn't mean the future will be blockchain forever. Flexibility makes you future-proof because change is guaranteed over a long enough timespan. If you can't adapt to it then you die.

>> No.50230882
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50230882

>>50230824
sounds like a bunch a mumbo jumbo trash to me

>> No.50230923

>>50216270
this
wtf these are bullmarket prices

>> No.50231058

>>50216247
fpbp

>> No.50231188

AVAX has the best technical fundamentals of any project i.e. if the people in here think its fairly or even over-valued, other projects should be at zero

>> No.50231326
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50231326

A $5 billion protocol on Hyperledger is launching their own AVAX subnet, that's as much TVL as Uniswap
Too bad it's likely to be permissioned so normies won't know about it

>> No.50231849

>>50230824
Also Subnets are very beneficiary to the primary network, Contrary to Cosmos/Dot the protocol itself, the network effect only gets stronger with each Subnet that gets deployed, That has huge long term economic benefits and technical flexibility for other scaling solutions in the future like Rollups (With Rollups you mostly need robust network and fast finality as a settlement layer)

>> No.50231883
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50231883

>>50231188

post pic of hand

>> No.50232914

>>50216168
does anyone care?