The SNX updates are coming in fast & furious. Transition to Layer 2 is still underway and SIPs are being implemented. This current SIP is bringing "Shorting" capabilities to Layer 2. I love that SNX is still flailing around at the bargain price we see today. I'm telling my friends to pick up more if they have extra cash and store their SNX at Celsius Network to...
Are you staking your SNX? If you aren't, you might look at creating a Celsius Network account and transfer your SNX there and start getting 13.99% APY on your tokens. I started with 2771 tokens on 1 August. I now have 2828 tokens without ever having bought another token. I get more tokens every Monday without doing anything else. This morning, Celsius added 7.11...
This is not financial advice. This is simply what I am doing and why. I find SNX extremely attractive at $10 or below. I consider it on sale. As a derivatives platform, Synthetix Network has a very profitable idea. If they can pull it off, traders will be able to go to one place and trade without using paper moneys (using tokens to buy synths), to the long or...
Knowing what is in store for Synthetix Network Tokens (SNX) has kept me in for the long view. I have been fairly impressed with the Chaikin Money Flow (CMF green line on bottom of chart) attempting to maintain positive territory (staying above zero) for SNX even as ETH goes negative. Right now, it seems SNX is more closely tied to BTC money flow. Should be...
As always, this is not financial advice. This is simply what I am doing. It looks like the recent bear action has been especially unkind to Synthetix Network Tokens (SNX). But today is starting to look like it is establishing a floor last seen in June. I am still long on SNX as I believe in the team, the platform, the idea of free trading of derivatives across a...
Since my initial purchase of 20 billion ULTGG/USDT on BitMart on 20 November 2021 for about 125 USD, I recently found I have received an additional 114,524,208.6 tokens on 8 December 2021 as an "Event Reward" while they sit in my BitMart Wallet (Yes, I do know that BitMart was recently hacked and no, I didn't lose anything). I didn't mention any of the ULTGG...
This is NOT financial advice. Full disclosure: I spent $125 USDT on purchasing 20 billion ULTGG tokens on BitMart. This is a review of UltimoGG (ULTGG). You can find everything I'm sharing here on their website, ultgg dot io. Yes, you have to put a real dot where I wrote the word. UltimoGG (ULTGG) is the revolutionary gaming token from the Ultimo GG platform....
I know this sounds silly, but this is a real thing. Do not underestimate the value of a "Pig Army." For that matter, do not underestimate the value of a black hole. This token has some superior qualities and ideas that I believe will pay very handsomely in the near future. At first blush, it starts with a stupidly high number of tokens, not unlike Shiba Inu, but...
---Kwenta Testnet Takeaways, Next-Price Orders, SIP 80 and 184, and Synthetix Bottom Line--- The following is taken directly from the Synthetix io Blog update, dated 1 December 2021 and titled, "Futures Update." These are only excerpts and you would be well served to read the entire blog update. Kwenta Testnet Takeaways: "Much progress has been made and numerous...
Bondly overview: Launched on Polkadot (DOT) in September 2020, the "Bondly protocol offers an ecosystem of decentralized products that enable anyone to execute digital payments between peers (from their website bondly dot finance)." With a circulating supply of less than 200 million and a total count possible of less than 1 billion coins/tokens, this is a steal of...
This is a one-hour chart. As you can see, Synthetix was taking a beating along with much of the altcoin market only to fall off a cliff a day ago. I'd refer to this as a black Friday sale on SNX! If you missed out at that price, you likely missed out forever. Now, Synthetix Network Tokens begin their long climb out of this hole on the heels of a multitude of SIPs...
It occurs to me as I was fielding questions from friends who follow my picks, that any outside observer who clicks on the old dot "io" domain of Synthetix may believe Synthetix as a derivatives exchange has died and withered on the vine. Nothing could be further from the truth. If you don't follow their blog, you may have missed the transitioning that is occurring...
If you haven't heard of Piccolo Inu (PINU), you are not alone. And if it sounds like another dog coin knock-off, it did to me too... but don't be so fast to dismiss it. After running through various coins/tokens and their websites searching for the next big thing, I may have found it. This one has it all; NFTs, Gaming and Defi. Launched exactly one month ago (22...
Synthetix Network and Kwenta are still blasting away at upgrades, or as they call them, "SIP's" which is an acronym for Synthetix Improvement Proposal. They also give weird "star" names to their SIP releases (in order of visual magnitude) which is all good, I suppose. What matters is they are in storm mode when it comes to improving and implementing. I love it....
I posted about this back on the 19th, with little fanfare. So, in an attempt to give it the attention it deserves, here are direct quotes from their blog: "This competition will act as a demonstration of how perpetual futures trading on Kwenta will feel as we continue to refine the experience and prepare for the main net launch." "Futures ...are unique in that...
Note the following quotations are their words, not mine. I am just passing this on to my fellow SNX hodlers to keep you abreast of either delays or progress (I see it as both). 1. "Today (October 19, ~21:00 UTC) the Kaus release will begin, implementing a minor upgrade on both L1 and L2. During this release there will be no downtime on L1 or L2. Here's what’s...