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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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50538028 No.50538028 [Reply] [Original]

how long did it take you to realize it was a scam?

>> No.50538054

Explain

>> No.50538109

>>50538028
when i read "most traders lose" and "minimum position size should be above 1,500 DAI" in the docs

>> No.50538114

when I realize token unironically is not needed

>> No.50538323

>>50538109
>>50538114
there really is no saving this project huh

>> No.50538338

>>50538054
see
>>50538109
>>50538114

>> No.50539285
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50539285

>>50538028
Why's it a scam?
Most people losing money doesn't imply it's a scam unless they have unfair fees or manipulate scamwicks.

>> No.50539538
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50539538

>>50538028

>> No.50539546

>>50538109
What's the issue with either of those

>> No.50539556
File: 117 KB, 1594x907, gainscamed.png [View same] [iqdb] [saucenao] [google]
50539556

>>50538109

>> No.50539592

>>50538028
When I went to their website and it says they had $14B in trading volume lmfao.

>> No.50539604
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50539604

>>50538028

>> No.50539684

when it was gfarm2 and every bear on the board was asking me to find out what happened to gfarm1 and then they switched from gfarm2 to gns

>> No.50539702

buy gmx. they’re adding tons of new pairs next month. gns is going to 0

>> No.50539742

>>50538109
>>50538114
>>50538323
>>50539556
>>50539592
>>50539604
>>50539702
Real organic sounding fud there guys, good job. I was waiting for the gmx plug.

>> No.50540115

It's a good project. Yall are just seething incels lol. You likely hate on everything to boost your personal sense of superiority.

>> No.50540132

>>50540115
It's just one guy trying to shill gmx, just ignore him.

>> No.50540305

Loooool the FUD is so weak bros

>> No.50540375

thanks just sold

>> No.50541060

>>50538114
it‘s not about the token, this is about the platform
>>50538109
valid criticism i guess. There‘s no reason for it to be that high, since it‘s all synthetic.

>> No.50541648

>>50541060
The minimum position is $1,500 because there are fees for the liquidation bots to interact with oracle and network. This is the minimum economical size to justify fees. Maybe in the future LINK fees will reduce.

Keep in mind though that is the final position, not collateral. You can use $100 at 15x leverage for minimum size. If you can't afford $100 per trade then you probably shouldn't be trading.

>> No.50541695

>>50541648
link fees are already piss cheap, how cheap do you want them to become?

>> No.50541806

>>50541695
Well the NFT bot fee is 0.02%.

At $1,500, that is $0.3. That $0.3 needs to cover gas fee + link fee.

If you reduce the minimum to $150, the NFT fee is only $0.03 and not enough to cover the transaction.

GNS can increase fees but at point the collateral is eaten away before the trade is even entered.

>> No.50541845

>>50541806
This is the price to pay for true decentralization

>> No.50541920

>>50541806
nodes have the same problem, they need to cover the network fees on matic. The only long term solution seems to be to abandon layer 1 2 and what not and go for application specific ledgers. Would give the token also more value and a need, without losing value to third party validators and adding value to a third party token