you're going to start to see this getting shilled a lot here. careful though, cause it's going to be a quick pnd scam.
in the digital bits TG, someone in the ICO presale brought up the fact that the neither the presale or ICO has been distributed yet. so it had me wondering, who is selling this on IDEX? the answer to that is the team of course. they've opened up trading and haven't even distributed tokens yet. I looked into the trade history, and what do you know, it's already being faked. check out this address
>0x96b8B3aF39EF127B19781ff81128a8C11963a762
it's distributed XDB to a number of wallets that are wash trading this token. notice how they all hold IDEX membership tokens? they are passing XDB between each other to fake volume. kek. Its minimal right now but I bet it ramps up soon with the shilling. this shit is off to a sketchy start. team is unloading before distribution has even begun and will likely ramp up shilling to try and pump this soon to dump on newfags. a token like this doesn't have a future, so if you buy, sell soon.
New scam. don't fall for it biz
>what is a market maker
You’re in contention for dummy of the month aren’t you buddy?
>someone in the ICO presale brought up the fact that the neither the presale or ICO has been distributed yet. so it had me wondering, who is selling this on IDEX? the answer to that is the team of course.
fud and fake news, tokens were opened to a handful of early investors and their next unlock isnt until 2020, also if you even had a half a brain you would know that its a market maker.
probably fudding this early to try get as cheap as possible
>implying this garbage ass scam has funds to hire a marketmaker
lol
they did another private round, you can ask the team, I already did and they are pretty transparent about it, not everything is a scam user :)
>api.idex.market
take a look at this and tell me what you see. the same two addresses passing this shit back and forth. that's not market making retard, that's faking volume. they aren't trading with any other wallets. just each other. have fun with this scam.
an XLM fork...but it's an erc20 token? wow.
>implying a Canadian team with the CMO of Walmart and Pantera as investors is too poor to pay an MM but is paying for some Canuck to manually trade between accounts frequently 24/7 just like a MM would.
????
Oh great we have crypto’s starsky and hutch on the case.
Market making = volume and liquidity.
>Is there order book depth on IDEX?
Yep.
>Are they make volume?
Yep.
Enlighten us what you think market making is, exactly? Seemingly you’ve pulled a new definition out of your ass
>muh market maker
look at the trade history on this pair on any of the addresses linked to the one in the OP. it's a fucking scam newfags.
holy shit, biz really is retarded. market making is providing liquidity to the market. a market maker would be buying up sells and selling into pumps. this is not market making. it's not providing liquidity to the market. it is wash trading between a handful of wallets controlled by the same individual. If I have two wallets and i pass XDB back and forth over and over again between them...you think this is market making? kek.
>yet to provide a single coherent argument for why that wouldn’t be a DEX MM
Still waiting faggot
And what happens if the order book is already built and able to handle new orders as they come?
Why don’t you place and order and see what happens.
Holy shit you guys are retarded
thanks just unironically bought 100k
are you serious right now? of course I can buy, the team wants to sell. they've stacked the entire sell side. don't fucking believe me?
>api.idex.market
every god damn sell is coming from the same address. the same one that set up the wash trading network. wake up retard.
scam or not I bought mcap is too low already let’s get that bread
smart user and based
what is the market cap? you don't know because the team is the ones selling. so what is actually the circulating supply? total supply minus what wasn't distributed to ICO participants yet.
>WAIT FOR ME, LET ME ACCUMULATE KEEP IT SECRET REEEEEEEE
the thread
I'm sorry faggot, like it or not we're stacking
dex market maker buy and sells on the market. it doesn't just trade with itself. I can't believe I have to keep explaining this shit to you.
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the order books don't lie. we can see the entire sell side stacked by the same address. I posted proof. go fuck yourself.