1/5
The tokenomics for Mex 2.0 have arrived and Lkmex will stop being transferable starting 24th November.
We have decided to halt all swaps on Sunday at 22:00 UTC. So three more days available for buying/selling LKMex.
1/5
The tokenomics for Mex 2.0 have arrived and Lkmex will stop being transferable starting 24th November.
We have decided to halt all swaps on Sunday at 22:00 UTC. So three more days available for buying/selling LKMex.
@the_economystic@flightofthefox@BogdanPetrovi19@TheSerenation @JessieGreat12 @LbmRob@sushilkrishna07 Until now I am very confident the impact overall was net positive. But things were changing fast with the huge amount of unlocked Mex coming on the market. Except a decrease in Mex buy pressure there were a lot of benefits of the lkmex trading ecosystem.
5/5
For the health of the ecosystem people need to buy Mex, not sell it. So we believe the changes done were needed and we are very ok with shutting down the Exchange.
It was a fun year !
And LKMex is finally sexy !!
4/5
The same users that were actually accumulating more LKMex were the ones dumping Mex and the price of the token. A very unfortunate spiral taking the price lower and lower that until now was negligible but becoming a serious threat with the unlocking that was coming
@Lumpthelot@tzb_pnd@CircleCryptic I do not understand what were your expectations. There are chests which give 70-80 mil lkmex. Plus 1.35B in prizes. Did you expect me to give those from my own pocket ? Yes, 80% of chests are bellow the lkmex swap price, duh. I still need to sell a bunch to reach break-even.
@NFTnCryptoNerd @Zopack1 @ElrondNetwork You can buy and get 2.5 usd for 1. Nobody is a bandit here, it is basic market principle. The Mex burning on Mex is at this moment irrelevant. The volumes need to be 100x bigger to have an impact.
@TheSerenation @Zopack1 @NFTnCryptoNerd @ElrondNetwork Buying Lkmex makes sense because of the big discount. Buying Mex not so much. Hopefully the team brings more utility for Mex soon.