Join 48,565 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 204,993.47).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
In recent days, 106.000+ people claimed their tokens and the generosity of Uniswap hyped a lot. The first time that came across with the airdrop, I thought that thousands of people will give birth to dump in price. Yet, something unexpected took place; the price went up and vast majority of token holders were considering to invest these tokens. I assumed the rising of a new era with the debut of UNI. So it begins...
I believe that it is just nothing at all. It is certain that money is created from nothing. The reason why I refer to it as nothing is partly because it is not backed by something in the real world. Kind of "hocus pocus" but let's be clear, the paradigm has already shifted and here is the new normal crypto world 😅
Some concepts gained more importance such as "volume", "users", "partnership" or even "news" and they are enough to create a new digital asset. Just check the situation from a bigger perspective, which reveals the situation that being the users of the social media platforms, we are selling our time and attention, things are becoming clearer. Maybe it is true that we are the products.
What was great about UNI is that they created specific pools for UNI token parity. Without these pools, it would be too superficial and these effects would not be observed.
Thanks to the pools it turns into:
You did nothing to receive these tokens ✓
(you were considering to sell) ------> HEY, do not sell them, they can work for you
Add liquidity -------> the money coming from the sky brings more money for you...
If it is the DEX with one of the highest volume, then it is okay for me (though, it is not supposed to be)
Some people think that: If UNI did it, Everyone can (!)
Sadly though, they cannot. Uniswap gives birth to a new way of attracting people and it is popular because it is the pioneer of this action. Look at the centralized exchanges, they all listed UNI even though they are competing to grab us.
Question: Is it "if you can't them, join 'em?" or something else. To be honest, I could not conclude until now 😅
Nowadays, the rival DEXs are under pressure
Due to the brilliant move by Uniswap. People gossip about the unreal Token airdrops coming from the other DEXs. However, how long will they keep talking about them if they are not served what is expected? Not for a loooong time...
The chart by glassnode states a lot of things that are coming. Maybe, it is the hardest time to control yourself so as not to scatter and waste your Ethereum. Besides, "maybe" it is the first time ever Bitcoin is forgotten because of Ethereum. Bitcoin matters for us but let's be honest, we sleep with Ethereum, we wake up with it.
Whenever you are about to invest in something overhyped, just remember the chart by Glasscode to realize the importance of your assets. Look around, COVID is uncontrollable; governments are printing money, people lose their sanity.
UNI will never be the only one with such hype. The action was devastating and it will be duplicated by many others. However, they may not bring happiness like UNI.
We all are earning; not earning money in crypto requires additional effort and I believe it is nearly impossible. One skill that we should develop is to get into the right train at the right time then the rest will be done.
We will see many DEX tokens distributed to the users as in UNI situation. However, do not put your money under risk for the sake of hocus pocus tokens. Be careful and act wisely.
Thanks for reading.
If you have any experience or comment, please share with us.