what went wrong?
What went wrong?
Connor Cruz
Camden Sanchez
???
It served its purpose. Coinbase needed to unload their bags.
Joseph Lewis
The only reason this coin ever existed was to get the Coinbase pump. That's literally why its creators quit their jobs at Coinbase and created it. Once that happened, there was no more reason for it to exist so it dumped.
Cameron Foster
Most people weren't interested in it besides Coinbase adding it. Still will probably pump again someday, and it's a good project, but Coinbase was the main draw for many.
Dominic Cox
How long will it bleed for?
Elijah Hernandez
I wish I knew. Hopefully it bounces soon, but it depends on the overall market.
Nolan Myers
it's a great project but the token's only value is for governance on the platform which will only matter if the relayers get massive adoption.
Joshua Davis
Is that same thing gonna happen to BAT?
Cooper Smith
what went right? zrx and usdc is how coinbase is going to make decentralized exchanges work. just be patient frens.
Jackson Edwards
bat has promising tokenomics. zrx has bad, nearly worthless, tokenomics.
Dylan Thomas
Decentralized KEK
> zrx - top 100 holders own 80% of the token
> usdc - needs KYC in coinbase to cash out
Please name some exchanges that use ZRX? Right, you've been scammed
Jaxon Morgan
This erc20 shitcoin is useful only for trading other erc20 shitcoins. Did you really think this had a future?
Samuel Harris
>In May 2018 licensed cryptocurrency exchange Coinbase purchased Paradex, a decentralized exchange powered by 0x, a platform designed to streamline the creation of cryptocurrency exchanges without a single point of failure. In August 2017 0x raised $24 million in an initial coin offering (ICO) in which the public was able to purchase tokens used by the exchange.
Since then, a number of other decentralized exchanges have launched on the 0x platform, the most prominent of which is Radar Relay, which raised $10 million in traditional venture capital from Blockchain Capital and others. Similarly, decentralized asset manager Melonport is building an autonomous system scheduled to be fully deployed in February 2019.
While Cohen’s comments make it clear the SEC intends to assure that exchanges doing business in the United States are compliant, what is less clear is how the regulator might handle decentralized exchanges with less cooperative or anonymous creators.
By their very nature, blockchain-based exchanges are nearly impossible to shut down. While online access to centralized servers can be revoked, a new wave of decentralized servers, domain providers and more are becoming increasingly popular. Soon, even traditional means of enforcement could become more difficult.
Isaac Rodriguez
do you even read the stuff you type?
James Watson
Added during the first year of a years-long bear market.
Charles Wright
Did something I say go over your head? Do I really need to spell it out for you?
SCAM
C
A
M
Wyatt Mitchell
This is the horse you should be putting your money on. But once again you will miss out biz.
Easton Wright
>the most prominent of which is Radar Relay,
- Radar Relay does $79K in volume and is 170th in exchanges. It's utter shit.
- No other exchange uses 0X
- A governance token that maybe used for fees in DEX but not used by any DEX unless you're retarded enough to be scammed by $79K volume
- We don't even know what the future of DEXes will look like. What kind of DEXes will be dominant, what they will be using.
- Token model is broken. How is value going to increase? Relayers will get them for fees but they'll sell them for profit. There is no burn. Even shitty REQ was smart enough to think of a token burn model to increase value!
- People thinking that Relayers hording them to monopolize the token and increase value are mistaken. Top 100 wallets already own 80% of them. They are already horded by a few
Fucking retards don't do your research and get scammed by shitcoins.
Kevin Rogers
0x the project is really cool and dexes built on 0x are cool. there's no reason for anyone to own the zrx token nor any reason to expect it to increase in value.
zrx the token is a one trick pony. getting listed on cuckbase was its one claim to fame. anyone holding after that is deluded and probably retarded.
Camden Taylor
>anyone holding after that is deluded and probably retarded.
but it mooned a lot even before cb
Caleb Harris
because everyone knew it was going on coinbase. that was it. that was the whole reason to hold it. to dump after coinbase listing.
Charles Sullivan
Excellent argument
Jonathan Rogers
Coinbase listing is now the kiss of death.