Notcoin. Start.
It's funny that every third subscriber asks me: "Why didn't you write anything bad about Notcoin, since the startup was so bad?" Honestly, I just didn't have time. But I kept notes, and now I want to share three of them.
1. Conclusions NOT. There were tons of bugs: Wallet was lagging, Bybit wasn't crediting, Binance was making refunds. Bottom line is that each side now has to finesse and reward users. Bybit will give away about $3M to users, and Wallet will give away as much as $10M. Not too bad, "for keeping quiet" 😁
2. Everything went down. During the active token giveaway, the TON blockchain nodes were getting very dumb. The blockchain was also resting from the load. Transactions went from 10 to 50 minutes throughout the evening. As far as I know, TON Foundation and TOP even convened a "headquarters" where all the representatives of the main projects sat and decided what to do in certain situations. For example, STON hit tonapi's raitlimits and didn't work, so they turned on unlimited as an exception. And that's the case with everything in TON. For USDt commissions were removed, for Notcoin other privileges, it's normal, we live, everything is for us.
3. lack of liquidity. There's a very funny situation here. Everyone was issued NOT tokens, but on centralized exchanges. However, the issuance of onchain was very slow. And it turns out that no one could pour DEX into pools. Well, the exchanges themselves were also not allocated liquidity. It turns out that STON, DeDust, xRocket would like to start trading, but have nothing. So they got sophisticated, bought wNOT, exchanged it for NOT and then poured it themselves. Then exchanges began to organize actions, like "here we have made boosts, bring us your liquidity". And even then everything was starting to get better. On the other hand, ARBUZ has the same story, where all liquidity on DEX is poured by ordinary users, so there is no ragpool and will not be like Notcoin.
Otherwise it's not even bad. That's probably why I didn't write 😁 Notcoin paved the way for TON tokens on exchanges, so it's fine. I'm glad we have it, and Durov at least wrote about some token. Another question: what will happen to it next...
@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.
It's funny that every third subscriber asks me: "Why didn't you write anything bad about Notcoin, since the startup was so bad?" Honestly, I just didn't have time. But I kept notes, and now I want to share three of them.
1. Conclusions NOT. There were tons of bugs: Wallet was lagging, Bybit wasn't crediting, Binance was making refunds. Bottom line is that each side now has to finesse and reward users. Bybit will give away about $3M to users, and Wallet will give away as much as $10M. Not too bad, "for keeping quiet" 😁
2. Everything went down. During the active token giveaway, the TON blockchain nodes were getting very dumb. The blockchain was also resting from the load. Transactions went from 10 to 50 minutes throughout the evening. As far as I know, TON Foundation and TOP even convened a "headquarters" where all the representatives of the main projects sat and decided what to do in certain situations. For example, STON hit tonapi's raitlimits and didn't work, so they turned on unlimited as an exception. And that's the case with everything in TON. For USDt commissions were removed, for Notcoin other privileges, it's normal, we live, everything is for us.
3. lack of liquidity. There's a very funny situation here. Everyone was issued NOT tokens, but on centralized exchanges. However, the issuance of onchain was very slow. And it turns out that no one could pour DEX into pools. Well, the exchanges themselves were also not allocated liquidity. It turns out that STON, DeDust, xRocket would like to start trading, but have nothing. So they got sophisticated, bought wNOT, exchanged it for NOT and then poured it themselves. Then exchanges began to organize actions, like "here we have made boosts, bring us your liquidity". And even then everything was starting to get better. On the other hand, ARBUZ has the same story, where all liquidity on DEX is poured by ordinary users, so there is no ragpool and will not be like Notcoin.
Otherwise it's not even bad. That's probably why I didn't write 😁 Notcoin paved the way for TON tokens on exchanges, so it's fine. I'm glad we have it, and Durov at least wrote about some token. Another question: what will happen to it next...
@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.