#VeChain X #VeFam
I know a lot of people think "VeFam" is cringey.
But there is a reason it's called #VeFam and not an "Army". It explains the vibe of the community.
We are growing so fast because of our friendly and educational approach to new people/ "haters".
1/3
2/3 Only the people who didn't read about VeChain don't like it. In 2017/2018 I've been "fighting" "haters", but you can never convince/educate someone with such an approach.
The moment my approach changed, the discussions changed too and the results were much better.
3/3 #VeFam will grow and I will keep using the word because it describes our strength.
*You don't have to use it too but try not to start a "fight" with someone to convince them. Just tag someone of the VeFam. ;)
Education is Key
π
β’ β’ β’
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How Celsius lost $50,000,000 today and why wannabe bankers are easy prey to the crypto-savvy. Should investors & users be weary?
TLDR: Celsius banked on BadgerDAO, which was just hacked for $120m and it was the biggest loser.
1/n
Iβm gonna say why, so please read well my crypto-faithful and DYOR. CeFi sharks often leech off the DeFi doctrine, but make use of it and are happy to take advantage of your cash - their AUM. Remember that a company only goes down once and itβs gone with all your funds.
2/n
So hereβs a good example of what to be careful for as a community caring for the dream of a bankless world, and where it all goes wrong.
3/n
Stablecoins π§΅
There are different type of Stablecoins:
- Fiat Backed
$USDT
- Commodity Backed
$PAXG
- Crypto Backed
$DAI
- Algorithmic Stablecoins
Rebase
$AMPL
Fractional
$FEI
Seigniorage
$ESD
What's the difference?
Let's dive in π
1/11
2/11
According to CoinGecko, there are 67 different stablecoins.
You can basically compare them by looking at 3 different aspects:
- Type of collateral
- Collateralization ratio
- Degree of centralization
Let start with the most popular stablecoins.
Fiat Backed Stablecoins
3/11
- Fiat Backed Stablecoins
$USDT $USDC $BUSD
These are backed by government currencies in bank accounts.
There is one dollar in a bank account for every token on the network.
They are centralized and not censorship resistance.
#Wootrade X WOO X
WOO X is the professional trading GUI. The goal of WOO X is to let traders access all that liquidity aggregated on the Wootrade network, while also giving institutional clients a portal to manage their accounts.
$WOO 1/3
2/3 WOO X is uniquely suited to people who trade a lot, and prefer not to lose money to fees. Thatβs not to say we discriminate against smaller traders. The benefits and design are just better suited for people who like to push the trading platform harder and faster.
$WOO
3/3 The economic model of WOO X is based on users staking WOO to access the network. Users who stake will be entitled to a number of perks including zero-fee trading and bonus yields in WOO.
$WOO
#Vechain X What is it (not)
$VET is not a supplychain (SC) coin. VeChain is a public blockchain (like $ETH) on-which you can build anything you want.
The reason a lot of people think that $VET is a SC coin is that a lot of the first usecases built on VeChain are SC related. 1/8
2/8 This is because the whole idea of VeChain started with the CEO Sunny Lu who worked at Louis Vuitton as Chief Information Officer on an internal project called "track and trace". They wanted to expand that project and that's how he discovered blockchain technology.
3/8 Sunny noticed that 90% of the blockchain startups were developing apps related to financial services, which is considered difficult because of the strict compliance regulations.
He also realized if you have no commercial activities on the blockchain and just go
$VET
So I have 8000 VET focused tweets, I post about some blockchains /dApps and suddenly I`m a shitcoin shiller and traitor?
Thread
I wanted to learn more and make a kind of abstract. Also a little bit of teasing to my friends.
Like I said: I don't hold ICX 1/6
2/6 $.
I'm reading about other coins to learn how their value flows go and add it to this thread, so it's easy to compare and see how awesome Vechain works. Also trying to bring VET outside of our bubble.
#Uniswap
I started reading about Uniswap AMM, an amazing tech.
3/6 I started reading about how it works and the other (shady) coins like . Very interesting tech so I gave Uniswap credits for what they do (pic 1). They had no coin at that time.
Got more interested in Uniswap and was looking for a solid coin. (Pic 2)
#Uniswap X AMM Chaining
Today I posted about this person that bought $22 dollar of and paid $42 dollar of fee.
I was wondering why it was so much and found out he was using AMM Chaining.
A nice feature of a AMM DEX is Automated Market Maker Chaining; AMM Chaining. 1/4
2/4 You can basically trade any token for another token as long as there is a pair with liquidity for both tokens on the AMM DEX.
As you can see in the above case:
He had .
He wanted .
The protocol automatically traded for and bought with that .
3/4 The only problem is that the fees are 'a bit' high. However, I do think it's an amazing feature which will be used a lot in the future once the fees are fixed.