Short Intellectual Property based thread on NFTs, and a concept called “The Piracy Paradox”.
TDLR: Derives are beneficial to the original project if they do not compete in the same price bracket. They are a necessity for a thriving ecosystem.
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@ThirdTimeIan@ore /2 No one is asking you to spend a million dollars. The point is that without proper liquidity and real depth, the token cannot attract buyers in the first place. The sell pressure exists because the market structure has not been improved.
@ThirdTimeIan@ore 1/ If there is already a market maker then the state of the books is even more concerning. Depth across every CEX is either zero or a few hundred dollars, DEX pools sit around twenty to thirty thousand USD, and daily volume is under 150k. That is not functional liquidity.
@ThirdTimeIan@ore 2/ Getting an MM was raised a long time ago, and nothing has changed. A 500 bps auto buy is not a liquidity plan. The game might be solid, but the token market structure has not improved in any meaningful way. It would be good to know if there is a real plan to fix this.
@ThirdTimeIan@ore 1/CROWN has been trending down since 2024, and the liquidity has stayed extremely thin. The DEX pools sit around twenty to thirty thousand USD, daily volume is under 150k across all markets, and the CEX order books have almost no depth.
@pattyice Liverpool could get two nukes dropped on them and still get a winner in the dying minutes. Plus after the Gala loss midweek, they gotta pump Chelsea. 4k bet is wild but respect 🫡
$CROWN still holding all. I had much higher targets so didn't even think about taking off initials. Currently looks like a mistake but I'm not selling here. I'm not posting about them anymore but they're not scammers and there are people everywhere in the world that logs in daily to play the game. When the narratives change this might pump to new aths without much effort. I'll make sure to sell next time. For now I'm sorry this was a bad call