Well, time to explain what we do with coins and why we deposit most of them on exchanges. Even #floki holders believe that we dump all the purchased coins, because we bought 81B #floki from and send them to exchanges. We just sent 57B floki to the on-chain wallet. @RealFlokiInu
The rest sit across exchanges, because as MM we must provide liquidity 24/7. Link to the wallet, feel free to check. bscscan.com/address/0x073A…
Frankly, the most dumb thing that #MM could do is to leave all the purchased/burrowed assets in the #wallet. Because MM should create markets, provide #depth, improve order execution instead of doing nothing and waiting when the market is skyrocketing to execute its call options
MM itself - As was mentioned before and above, we leverage our #inventory of coins and stablecoins for #liquidity provision. Liquid and deep markets are the key of price discovery, efficient and simple enter and exit for retail, institutional and algo #traders.
#Collateral - When the markets are maintained properly and liquid enough, the rest of inventory is being used as a collateral for prop trading strategies. Many exchanges allow market makers to use coins as a collateral and borrow stablecoins or trade #perps and #options.
#Staking and #lending markets - an additional tool to generate some yield for an inventory is to stake coins or to lend coins to people using exchanges’ solutions.
#Flexibility - crypto MM has to be ready for emergency situations and extreme #volatility and has an available inventory of coins and stablecoins for liquidity purposes 24/7.
I’m not sure that it would be a good sign for the market, when a #coin is up and at the same time MM is sending large amounts of coins to exchanges from its on-chain wallet and confusing people, instead to have everything ready and prepared for smooth actions.
Conclusion - some “experts” and “MMs” are pushing and doing just a part of MM’s job. Spreading unprofessional opinions about aggressive #taker strategies and mixing them with washtrading, and simultaneously leave tons of burrowed / purchased coins on the wallets.
Vision - believe that MM and VC should leverage all the legal and available solutions in order to bring maximum value to its portfolio projects and its profitability. Only strong and profitable MM/VC can do the best job and move forward through all the #crypto market #volatility
Here you can check my clarification about agressive strategies, I never thought that notable MMs and experts don't know basics about MM, name it like #washtrading instead to working properly
Using #floki as an example, we bought 81B #floki tokens and sent them to exchanges. To dispel accusations from some that we dumped them, we just sent 57B floki to the on-chain wallet. - some clarification, because around too many "experts"
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Market making (#MM)- it has three main parts: Market #depth - we add more #liquidity on bid and ask side across exchanges where a token is listed on. Spread - we reduce the spread between the best bid and ask offers by adding more quotes around the middle price in the order book.… twitter.com/i/web/status/1…
#PR and #marketing - the most powerful tool to boost projects on the #crypto market. We support projects with everything from #media to KOLs, and we can act as an outsourcing marketing agency (spoiler - we will extract our marketing department to an independent company very… twitter.com/i/web/status/1…
Well, we made some noise and I feel that it is the right time to explain our #vision, workflow and #investments thesis. Our vision is to be a leader of every liquid / investment / MM / Institutional niche in the #crypto and #web3 industry. It leads us to take care of our… twitter.com/i/web/status/1…
1. Main investment target is #Layer1/#Layer2#protocols. Investments and cooperation with such projects help us to reach a lot of promising early stage and super early stage projects in order to find brilliant investment #opportunities.