Pump & dump or buy & hold?
How do you define decentralization?
What similar coins/projects are there and what is the USP?
How does interoperability work outside the Ethereum blockchain?
How do you define decentralization?
What similar coins/projects are there and what is the USP?
How does interoperability work outside the Ethereum blockchain?
•
22
•
9Mes
@DonkeyInvestor For me, buy & hold. The USP lies in the speed and simplicity. The simple connection to various Web 3 applications and the intuitive interface set the project apart from others in my opinion. As far as transaction costs are concerned, I don't know of a cheaper project. I attribute the decentralization to the fact that the users vote on the further development of the project and it represents a financial system that is detached from banks. https://hub.injective.network
••
9Mes
@DonkeyInvestor Something else I forgot. Through an auction process, 60% of all exchange fees are burned every week, leading to a shortage.
••
@Noel Thank you. No offense, but this is far from "unique". It may go well, but it probably won't in the long run. Would recommend you take profits in time. Good luck 👍
•
11
•9Mes
@DonkeyInvestor Thank you ☺. Yes, you're right that it may not go well, but I'm not aware of any comparable project so far and I'm not in it with too large a sum anyway, as I don't go over 10% on crypto. Do you know of any comparable projects?
••
@Noel It feels like there are now millions of coins. There are certainly some that can do the same thing. I'm no longer up to date. Your coin already has quite a high market capitalization. That could mean that it's particularly good or that it's particularly hot.
Decentralization is the be-all and end-all for everything in the long term. Speed, low fees, complex features, ... are worth nothing without true decentralization, as all of this can be implemented more easily and efficiently in a centralized manner. Decentralization involves many things. Among other things, the network, the distribution of coins, who works on the code, ... This is difficult to measure and even more difficult to achieve.
Decentralization is the be-all and end-all for everything in the long term. Speed, low fees, complex features, ... are worth nothing without true decentralization, as all of this can be implemented more easily and efficiently in a centralized manner. Decentralization involves many things. Among other things, the network, the distribution of coins, who works on the code, ... This is difficult to measure and even more difficult to achieve.
•
33
•