Thread by @CryptoGideon_

Today, we'll address 5 main concerns about $LVL:

1️⃣"It's on $BNB"
2️⃣"Fake volume"
3️⃣"Emissions are too high"
4️⃣"Binance is behind them"
5️⃣"They are burning money"

and why these concerns are nonsense.🤫

Short thread on @Level__Finance and why you shouldn't be worried 🧵

@Level__Finance 1️⃣"It's on $BNB"

First, tell me one crypto project that plans to stay only on one chain?

Good luck finding it...
Even ve(3,3)DEXs can migrate cross-chain in a week.

Future is multichain.

Especially with EVMs, projects can just copy-paste code, and voila.

But, why not $BNB?👇

https://twitter.com/1273384503210160128/status/1630029636116840449

1️⃣"It's on $BNB"

Second, tell me why are strong projects like:

• $JOE
• $UNI
• $RDNT
• $GAMMA

and many others, STILL expanding to $BNB?🤔

They expand where users are.

And guess what?
$LVL just announced the cross-chain expansion.

What excuse you will find now?
$ARB soon

2️⃣"Fake volume"

But, fake volume still has to pay fees.

If fees > emissions, $LVL and users still win.

How?

Stakers get fees & treasury gets filled.

You can redeem treasury funds with your $LGO.

Also, with cross-chain expansion, it will be interesting to watch "Fake volume"

3️⃣"Emissions are too high"

Crypto projects are real businesses.

You don't have to have a business degree to know that:

•Customer acquisition 🆕

is harder and more expensive than

•Customer retention.🔄

$LVL is in customer acquisition mode right now.

What does that mean?

3️⃣"Emissions are too high"

They are acquiring loyal users by incentivizing them with $LVL tokens.

People are driven by 2 things:

✅Purpose
✅Money

Most people are driven by 💸.

Until they are driven by purpose(passion/love)for your project, you have to drive them with money.

3️⃣"Emissions are too high"

Why $GNS & $GMX didn't have to incentivize traders with native tokens?

Because they were first movers.

Also, as @ThorHartvigsen pointed out:

They have a strong community combined with NFTs.

That's where $LVL is heading with a new proposal👇

https://twitter.com/1561019638288351235/status/1652352224029450241

3️⃣"Emissions are too high"

$LVL announced NFT drop for loyal & active members.

They are also doing trading competitions like $GNS & $GMX did multiple times.

Fees need to be > $50k for incentives to be profitable.

And $LVL has been hitting $200k+ fees every day consistently.

4️⃣"Binance is behind them"

Honestly, I can't believe this is an actual concern.🤦‍♂️

Tell me how the top CEX in the world being behind the project is a bad thing?

Binance also has Binance labs that has invested in many DeFi startups successfully.

+ Binance listing is easier

5️⃣"They are burning money"

As you can see, their Q1-Q2 earnings are at a loss.

But, let me remind you $ETH has been "Losing" billions until Merge.

This means they were "Burning 💸" to get loyal users.

"But Gideon, you can't compare blockchain to dapp"

Let's compare dapp then

5️⃣"They are burning money"

$LDO - giant LSD leader has been "losing money" until recently.

Why?

To achieve steady loyal users for the long term.

Also, these incentives can be lowered or turned off with a single proposal.

Everything can change overnight.😉

/ Conclusion

So if all concerns are nonsense, why are people still hating it?🤔

Imo, 2 reasons:

✅They THINK they are late

Because they look only at price.

They neglect undervalued metrics such as:

•TVL
•P/S & P/F
•Market cap
•Volume/TVL

and many more.

https://twitter.com/1610335108455620609/status/1644372126177034243

/ Conclusion

✅They are MAXI

They made or lose money with another perp DEX.

Now, they are scared $LVL will take their market share.

Let me remind you, you entered crypto to make money.

Not to become MAXI.❌

Don't miss a lifetime opportunity just to be a fanboy.⚠️

Follow $LVL fam👇

@KPeruggi
@Cryptopleb4
@xingGorilla
@resdegen
@CryptoDamus411
@flip_mar
@KODOTHH
@CryptoScoopOG
@veH0rny
@DeFiSurfer808
@JumperWave
@Fibonaccious
@Crypto_Shaggy
@NagatoDharma
@Cryptotrissy
@midoji7
@0xdoola
@crypto_linn
@CryptoYusaku
@criptopaul
@Crypto_Nolt

@KPeruggi @Cryptopleb4 @xingGorilla @resdegen @CryptoDamus411 @flip_mar @KODOTHH @CryptoScoopOG @veH0rny @DeFiSurfer808 @JumperWave @Fibonaccious @Crypto_Shaggy @NagatoDharma @Cryptotrissy @midoji7 @0xdoola @crypto_linn @CryptoYusaku @criptopaul @Crypto_Nolt If you made it this far, you are in the top 1%.💎

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