Is anyone else starting to become a bit excited?

BorneTobyWilde · 14-03-2021 08:14PM

20 times 5k is only 100,000 , that's if it hit a million a coin... correct..

Unearthly · 14-03-2021 08:16PM

BorneTobyWilde wrote: »

20 times 5k is only 100,000 , that's if it hit a million a coin... correct..

I'll have some of those peanuts :pac:

bosco12345 · 14-03-2021 08:34PM

Str8outtaWuhan wrote: »

bought last night , its crazy fee to withdraw

What wallet did you transfer it to?

Mellor · 14-03-2021 08:49PM

BorneTobyWilde wrote: »

That's the thing, even if it went to a million a coin, still not a fortune with 5k into it at this stage, still peanuts.

Peanuts/Fortune is all relative.
If somebody can only invest $5k then I don’t think they would be close to considering $100k as peanuts.

olestoepoke · 14-03-2021 08:56PM

Str8outtaWuhan wrote: »

bought last night , its crazy fee to withdraw

I bought XGG on Bilaxy and transferred to trust wallet, fees weren't too bad.

Str8outtaWuhan · 14-03-2021 09:10PM

bosco12345 wrote: »

What wallet did you transfer it to?

didnt withdraw yet , going to see if fees come down . was going to throw it to xodus or atomic

Str8outtaWuhan · 14-03-2021 09:11PM

olestoepoke wrote: »

I bought XGG on Bilaxy and transferred to trust wallet, fees weren't too bad.

.02 eth

olestoepoke · 14-03-2021 09:15PM

Str8outtaWuhan wrote: »

.02 eth

Just had a look there, I didn't really pay attention it was 0.009097725 Ether ($16.99)

Lex Luthor · 14-03-2021 09:18PM

been saying this for a while, these ETH gas fees are ridiculous high and others will capitalise on this

FFVII · 14-03-2021 09:26PM

Lex Luthor wrote: »

been saying this for a while, these ETH gas fees are ridiculous high and others will capitalise on this

The upgrade will sort it. Assuming it goes to plan...

FFVII · 14-03-2021 09:40PM

sReq | uTeK wrote: »

Hey guys, I just want to make you aware of an altcoin. Permission.io

I have a friend who knows the creators etc. Anyway it's gone from 0.006 private to listed on bithumb at 0.002 and is now up over 250% going at 0.005, expected to hit 10 cent as they have something in the cooker with IBM. Dont know what it will stabilise at but might be worh a punt.

Anyway just wanted to pass the info

Anyone buy this? Another dodgy site using a third party company to complete purchase...

https://www.bithumb.pro/en-us

Str8outtaWuhan · 14-03-2021 10:13PM

FFVII wrote: »

Anyone buy this? Another dodgy site using a third party company to complete purchase...

https://www.bithumb.pro/en-us

bought via uniswap store on my coinbase wallet

Onecoolcookie · 14-03-2021 10:50PM

I see a number of people have taken the plunge on XGG, anyone researched it fully and have high hopes for the platform or is it more just a worthwhile punt to get in this early? What price do you think it can reach? Cheers

bosco12345 · 14-03-2021 10:52PM

Str8outtaWuhan wrote: »

didnt withdraw yet , going to see if fees come down . was going to throw it to xodus or atomic

Withdrawing it now to atomic wallet and its costing me 56 euro (3400 XGG).. ye fk that

dor83 · 14-03-2021 11:19PM

Onecoolcookie wrote: »

I see a number of people have taken the plunge on XGG, anyone researched it fully and have high hopes for the platform or is it more just a worthwhile punt to get in this early? What price do you think it can reach? Cheers

I don't know if I'm missing something but it's basically the native token for a platform that lets people play a lottery with crypto. They give 90% of the crypto staked to the winner and 10% to the platform. The 10% that the platform gets will then be used for token buybacks. Won't that just mean that the creators of the platform will be amassing huge amounts of tokens for themselves?

My understanding is that you can use other cryptos to enter the pools, if this is correct what is the point of the token itself other than they are buying it back with the 10%?

This is all just from a quick look at their website so I could be missing something or just not getting something so don't take what I said as advice because I don't know anything more than is on the site I linked to.

Timmaay · 15-03-2021 12:50AM

Anyone into yeild farming here? I've a nice amount of fetch.ai on crypto.com which cannot be staked there, and I was checking out the developers website, and they offer a reward system of "up to 275% apy" for yeild farming on their system.

ConstantinL · 15-03-2021 09:18AM

Str8outtaWuhan wrote: »

didnt withdraw yet , going to see if fees come down . was going to throw it to xodus or atomic

I did the same, bought the XGG on Bilaxy and waiting for the price to go up...so the fee doesn;t bite as much in the amount of coins I bought.
I bought at different prices...the first price I bought was 0.0045 and the fees on withdrawal from there to any wallet were around 6000 XGG. As the price of XGG went a up a bit the fee (which is actually calculated in USD and converted in XGG) is not biting as much and now it's around 2000XGG per withdrawal. I have around 700k XGG on bilaxy atm and will wait just a bit longer before withdrawing them to my wallet...maybe the fee will be only 250-500 XGG in a couple of days.
I also bought around 98k XGG by using Uniswap, needed to have metamask linked to my wallet, and then I swapped USDT for XGG and paid a gas fee (at that time was lucky and got charged only $10.5) but had to wait like 15-20 min for the swap to take place, after confirming the swap.
I'd say that once they launch their marketing campaign this week...they might launch it on other exchanges as well, or other exchanges will list it themselves, same as Bilaxy. The team listed XGG only on Uniswap, but Bilaxy became interested and bought some to attract clients and make profits on the buy/sell gap.

ConstantinL · 15-03-2021 09:41AM

dor83 wrote: »

I don't know if I'm missing something but it's basically the native token for a platform that lets people play a lottery with crypto. They give 90% of the crypto staked to the winner and 10% to the platform. The 10% that the platform gets will then be used for token buybacks. Won't that just mean that the creators of the platform will be amassing huge amounts of tokens for themselves?

My understanding is that you can use other cryptos to enter the pools, if this is correct what is the point of the token itself other than they are buying it back with the 10%?

This is all just from a quick look at their so I could be missing something or just not getting something so don't take what I said as advice because I don't know anything more than is on the site I linked to.

As you mentioned, the winner gets 90% of the pool, the platform receives the other 10%. But the winner has the chance to get the additional 10% from the platform back (actually to get the 100% pool amount) if they use their XGG tokens. We are still waiting on a full tokenomics update. Also one of their lottery games will be using XGG tokens, this might be interesting.

Another thing which we must look at is the Total supply, which is 1billion XGG, but only 200mil is the circulating supply that was put up on Uniswap for sale, the rest 800mil are locked if I understood correctly.
The team have put $1mil liquidity from their own pockets.
Team is also very transparent, if you go to their website there is a link to Linkedin to see who they are, also they have been behind the DMST project, which is the official partner of OGesports which is backed by redbull.
so for me this sounds like a responsible, transparent and well known team.

About the platform...we'll have the chance to test it today as they're launching the beta, plus remember there is the $250k marketing campaign, so from here I get the idea that we are still in the early stages. Apart from that, there are about 1550 people watching their telegram chat, and 2400 on twitter ...yet there's only about 600 holder...I;d say that most people just wait to see if the platform is real and not a scam (have not done their research properly I guess). SO when they'll see the beta platform they'll start buying, in my opinion. Plus more investors after the marketing campaign. The official platform (real crypto one) will be launch at the end of the month.
How the lottery system works...from what I understood there's going to be a few different pools (a few at start, they might develop more interesting games along the way), where 10 people take their chances and 1 wins all...great for the winner, he had a 10% chance of winning and made a lot of money. What about the others? Well they still can make more money if they continue playing as they have a 10% chance everytime, and the gains are very appealing.

If you understand the project and tokenomics (or what we know about them at the moment) then you will know how early we are.
Their roadmap:
Q1:
-Beta phase (today they're launching beta)
-Marketing campaign (asap after beta)
-Platform launch (confirmed at end of month)
-Staking platform
Q2:
- 2x-100x pools
- New interface
- NFTS integration !!!
- Tokens listing page
Q3:
-Spin&Win
-ICO Launchpad
-Platform Upgrade
-BSC support

I will try to find more info and will keep you updated. There's plenty of info on their twitter account and a healthy group on telegram.

Graham · 15-03-2021 11:01AM

ConstantinL wrote: »

I;d say that most people just wait to see if the platform is real and not a scam (have not done their research properly I guess).

Can I ask where you did your research ConstantinL?

I can't find much outside of the small amount of info put out by the promoters and a handful of dubious looking "going to the moon" shilly looking posts.

Every one of your posts here is about XGG so I guess that makes you our resident expert

Unearthly · 15-03-2021 11:14AM

Anyone monitor large movement alerts?

Got one last night that a billion worth of BTC was sent to Gemini. Might be the reason for this mornings dip

ConstantinL · 15-03-2021 11:15AM

Graham wrote: »

Can I ask where you did your research ConstantinL?

I can't find much outside of the small amount of info put out by the promoters and a handful of dubious looking "going to the moon" shilly looking posts.

Every one of your posts here is about XGG so I guess that makes you our resident expert

I watched the video on their website, have checked the posts on Twitter, also checked their team on Linkedin and in what other projects they have been involved..etc, and looked at the pinned messages on telegram, then I also check them on ethereum scan & dextools. And there's even some info on Tokpie about them, but that's a super small exchange, the info is good tho.
I'd say there's more info coming to the surface this week, the team might have been busy trying to prepare the beta launch for today. But ahead of marketing campaign we might get more info, if not, then we get it from the marketing campaign itself...I took the risk (in my opinion low) and have bought way ahead.
Waiting now to see the beta platform live...will let you know about it asap.

Update: they just announced: 6pm UTC as the launching time.

sparrowcar · 15-03-2021 11:17AM

Bought some VET a few months back, done great for me recently. It's a funny game.

Graham · 15-03-2021 11:20AM

ConstantinL wrote: »

I watched the video on their website, have checked the posts on Twitter, and looked at the pinned messages on telegram, then I also check them on ethereum scan & dextools. And there's even some info on Tokpie about them, but that's a super small exchange, the info is good tho.

Sorry to be a skeptic but anything that hasn't been directly put out by the XGG promoters?

If you have some links you could share, that would be great.

dor83 · 15-03-2021 11:23AM

Graham wrote: »

Can I ask where you did your research ConstantinL?

I can't find much outside of the small amount of info put out by the promoters and a handful of dubious looking "going to the moon" shilly looking posts.

Every one of your posts here is about XGG so I guess that makes you our resident expert

Most of the info is from the 10x Twitter page from what I can see myself.

I could well be wrong because I don't know much about crypto myself but from what I've seen from their website and twitter I wouldn't be putting money into it myself. The only use I can see for the token is to gamble on the pools and not pay the 10% for using another crypto and what do they do with the tokens the buy with the 10%? To me it looks like a way for them to sell useless token solely to make money for themselves, they make money from selling the token and if you use another crypto they take 10% to buy the tokens themselves which they then sell to someone else.

Again, I don't know a lot about it and only have the info that everyone else has so I could well be missing something so don't take anything I say as advice on it, if you're interested in it have a look yourself and see what you think.

Graham · 15-03-2021 11:32AM

As a crypto proposition it's probably not the worst ever but gambling and crypto combined might justify a slightly more cautious approach.

At the same time that's not to say it won't have a good run if they pump it properly but you'd probably want to have one hand on the ripcord ready to make a fast exit

ConstantinL · 15-03-2021 11:33AM

Graham wrote: »

Sorry to be a skeptic but anything that hasn't been directly put out by the XGG promoters?

If you have some links you could share, that would be great.

That is no problem.
I guess we have to wait for more solid/reliable source of info about it.
check this link on the dmst, have a look at the first pic there, you'll see the 10x logo in the upper right corner, also there's lots of info about the DMST on their medium and on that page you'll see their partners, etc
https://dmscript.medium.com/how-you-can-utilize-dmst-tokens-7cb7de8b6c1a
Also DMScript published XGG video on their twitter: https://twitter.com/DMScript/status/1366406310414200835
DMScript is huge and I personally consider it a reliable source.

Update: they're launching beta platform today at 6pm UTC

ConstantinL · 15-03-2021 11:38AM

Graham wrote: »

As a crypto proposition it's probably not the worst ever but gambling and crypto combined might justify a slightly more cautious approach.

At the same time that's not to say it won't have a good run if they pump it properly but you'd probably want to have one hand on the ripcord ready to make a fast exit

For fast exits use fibonacci retracements rule...u'll still make money either way.
at least when they are marketing it.
Of course, everyone need to do their own research, apply their judgement and
take the risk or not.
Not trying to shill you into it, was just pointing to an early entry opportunity, either for short or long term.
What everyone does with their money is not my concern.

ConstantinL · 15-03-2021 11:55AM

dor83 wrote: »

Most of the info is from the 10x Twitter page from what I can see myself.

I could well be wrong because I don't know much about crypto myself but from what I've seen from their website and twitter I wouldn't be putting money into it myself. The only use I can see for the token is to gamble on the pools and not pay the 10% for using another crypto and what do they do with the tokens the buy with the 10%? To me it looks like a way for them to sell useless token solely to make money for themselves, they make money from selling the token and if you use another crypto they take 10% to buy the tokens themselves which they then sell to someone else.

Again, I don't know a lot about it and only have the info that everyone else has so I could well be missing something so don't take anything I say as advice on it, if you're interested in it have a look yourself and see what you think.

You are perfectly right there, but based only on that we can still make loads of money in short term from the marketing campaign.
But what if their long term plan for XGG is much more than what you've explained there? Because they haven't set out a tokenomics article yet...we have to wait and see.

djan · 15-03-2021 11:58AM

Unearthly wrote: »

Anyone monitor large movement alerts?

Got one last night that a billion worth of BTC was sent to Gemini. Might be the reason for this mornings dip

What do you use to monitor that? I remember that usually such large movements lead to substantial price changes. Same as when F2Pool sold off.

Graham · 15-03-2021 12:01PM

ConstantinL wrote: »

That is no problem.
I guess we have to wait for more solid/reliable source of info about it.
check this link on the dmst, have a look at the first pic there, you'll see the 10x logo in the upper right corner, also there's lots of info about the DMST on their medium and on that page you'll see their partners, etc

I guess that's the other element that makes me slightly cautious. There's not much information about $DMST outside of what the promoters have published. The market cap of $DMST is $4.1M or 73 BTC which doesn't really demonstrate an established track record from what I can make out.

None of this should be read as me bashing either DMST or XGG, there's nothing to suggest there's anything wrong but to my mind it would be a long-shot punt at this stage.

Is anyone else starting to become a bit excited?

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