1/ I learned today that a CEX is coming to $FTM.

I've never heard of @Felix_Exchange before so I dug into their discord (@tombfinance $TOMB discord as it's their project).

I searched for "Felix", skimmed through 126 pages of comments and made some notes. 👇
2/ Disclaimer: These are just notes. It's not a proper research.

I can't guarantee that this info is 100% accurate but it's something to start with.
3/ 1) One of the problems #FELIX aims to solve is helping noobs get into $FTM ecosystem in an easy way.

2) It will be powered by Binance Cloud. As I understand it means that the CEX will be built by Binance tools but Harry Yeh will have full control of it.
4/ 3) $TOMB will be the main liquidity. It will be the main trading pair. The hope is that this will increase the demand for $TOMB and give the token a use case.

4) $TOMB will also be the main utility token. Holders will be rewarded with discounts on trading fees.
5/ 5) Felix exchange will bring in funds to $TOMB through trading and service fees. No reliance for new money coming in for $TOMB to become sustainable.

6) A lot of liquidity needed for Felix. Emissions were increased.
6/ 7) Felix will be listing all major $FTM ecosystem tokens.

8) Won't be launching in US right away but it's on the roadmap.

Generally I got the feeling that Felix will be the one thing that can save $TOMB.
7/ Here is a comment from their discord bot on what Felix is all about.

discord.com/channels/84420…
8/ If you found this thread useful, please like and retweet the first post.

Cheers!

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More from @crypto_adder

May 5
1/ It was a killer Fantom Unchained episode with @FTMAlerts.

I watched it for two hours and made some notes.

Here's what I got. 👇

$FTM
2/ Disclaimer: These are just my notes that I decided to share.

I don't pretend to have made the best summary, I just noted what was said that I thought is interesting / important. I might have missed something. 👇
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May 3
1/ If it wasn't for compounding we might not even know who Warren Buffett is.

This is a quick intro to compounding for noobs.

Knowing the basics is a must when it comes to investing.

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2/ Suppose you invest $100 in an interest bearing bank account paying 1% annually.

At the end of the first year, you will have the $100 plus the interest earned, 0.01 x $100 = $1.

Now suppose you want to invest the $100 for two years.
3/ At the end of the first year, you will have $101 and you decide to leave it in your bank account for another year.

The beginning amount of the second year is $101 and at the end of the second year you will have $101 x (1+0.01) = $102.01.
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