@DBCrypt0 I get what you're saying and I agree with you. If we're talking mcaps, I feel like we're much closer to reality than FDVs.
I think it's fair to say crypto is many times more speculative than tradfi which is why we can see overevaluations and underevalutions everywhere in crypto.
@DBCrypt0 The example was meant to be extreme to underline the problem in evaluating a crypto using FDV and then comparing it to stock market caps. BERA, which you mentioned earlier has over 76% supply locked. What happens if BERA doubles the max supply tomorrow? Double the FDV?
@DBCrypt0 ergo, the FDV, as is the case for most crypto, is based off of low liquidity and speculative trading.. whereas a stock mcap is based less on speculation and more on real financial metrics
@DBCrypt0 FDV assumes all tokens will be in circulation at the current price.
If I make a token and lock 99.99% out of circulation and I just use some funds to bring the price up of the 0.01% in circulation, then the FDV will be astronomical and will not reflect actual price.
@vaken_crypto@xPortalApp wow you'd actually be making a great point if it was actually correct. maybe try swapping the same way on both platforms and THEN compare the fees
@josefcoap@MultiversX While that's not a bad idea I don't think this would've avoided anything. The "hack" was due to blind signing a transaction that altered the smart contract logic to send the funds to the attacker's wallet.
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Always DYOR but also invest wisely. IYKYK.
Crypto Twitter doesn’t realize that the Cartel robbing and also running Crypto, also runs the influencers and what gets talked about on here.
Remember after FTX went bust, and they immediately told you to put all your money in DEXs, and out of CEXs? They hammered it home for months. Made meme’s, promoted on podcasts, put it even on CNBC. The biggest of media was telling everyone DEFI is the future, get your money off CEXs!!! Your keys your crypto.
Except for the fact 99.9% of everything in Crypto is exploitable.
Did they warn you though of the dangers of Wrapped assets, Bridges, Defi Wallets like Atomic? NOPE
How much money has exploited from a CEX over the last 9 months?
Exactly
How much money has been drained from DEFI, DEX Wallets, & Decentralized Pools?
In July, almost half a Billion.
In June, Multichain began to rug their $1.8B in TVL. There was Atomic.
It’s a massive criminal org, influencing the masses to move money around to places they can rug you. They have the same influencers who “Investigate” and tell you stories of how it happened. Theatrics. They have employed and built influencers to get you to listen, accept, and hopefully do and not do exactly what they want.
It’s how they work.
Always stay Curious my Friends.
Boring Sleuth