After FTX collapse, some call for a return to decentralized roots

[Marryan]

In order to keep the price high they need to constantly buy back all the coins that other members are selling. If this is the case that's even better! Then it means that the team has full confidence in their future and wants to accumulate as many coins as possible to pump and sell to other market participants.

[Junaid Waseem]

Jeet Killer


This project is launched to kill jeets and make BSC space great again. Rewarding holders 8% BNB on both buys and sells. Lp is Locked and Contract is Renounced.


Contract Address : 0xc6211b47d7d6f7f4907c65666344cbfbf698feb3

[Zardbeig]

In order to keep the price high they need to constantly buy back all the coins that other members are selling. If this is the case that's even better! Then it means that the team has full confidence in their future and wants to accumulate as many coins as possible to pump and sell to other market participants.

Then how much money do they have to invest in order to make such a manipulation? And in case of Utopia project, I won't be sure that it will work in such a positive way to make them rich enough. It looks more like they'll lose everything one day.

[DominionAJ]

After the collapse of FTX, the trend of iron has been attracted by the decentralized exchange, due to which the demand for these coins has increased and their value has increased. Investors want their funds to be safe with them and can trade easily.

What decentralized exchanges can you advice to use? As I use no KYC Crypton exchange now, but there are not many coins there yet. So look for some others also.

I don’t know how to keep switching between DEX and CEX, CEX has a lot of benefit; a lot of rewarding events, varieties of opportunities to make money within the crypto space, the best we can all do is to make a right choice of CEX. Selecting a good CEX to use is very important.

Just as some people do not want to have KYC done, there are exchanges that still gives you opportunity to transact without carrying out KYC. A good example is Bitget exchange with proof of reserve and user protection fund and also allows non KYC users.

[Marryan]

We should prepare for the fact that soon no one will be able to buy anything without KYC and probably there will not be a single project left that will not obey the regulator's rules. The project will either introduce KYC and AML or it will simply be blocked by all means.

[Zardbeig]

While KYC and AML regulations are becoming more prevalent, it's not the end of the road for innovative projects or decentralization. The industry is constantly adapting, and the future will likely bring a diverse array of projects that find ways to comply with regulations while preserving the values that attracted people to cryptocurrencies in the first place.

[Marryan]

I am sure that there are still projects that are completely decentralized, and states will not be able to influence their activities in any way. We need to shift our attention to such products!

[Zardbeig]

That's hard for them to exist and to prove that they're worth believing and using. People don't really trust something that is fully anonymous and closed source. But for the devs of such projects it's a must as no one will let them live in such conditions, hiding all the data..

[Marryan]

Recently there have been reports that the US authorities are lobbying to recognize DeFi as banks and force them to get licenses. This means that in the future they will probably force DEX exchanges to get licenses. So it is possible that in a few years we will find ourselves cut off from DEX.

[Zardbeig]

Do you hear yourself? XD Most of the decentralized exchanges are anonymous as well as their devs. So how can they be forced to get a license? And how they can be blocked if they have no central server?

[Marryan]

Do you hear yourself? XD Most of the decentralized exchanges are anonymous as well as their devs. So how can they be forced to get a license? And how they can be blocked if they have no central server?

Yeah, yeah, you're right. Live with that knowledge. If you really think no one knows the executives and developers of Uniswap, pancake swap, 1 inch and others. You probably don't understand anything at all. Well, if you want to tell us about some DEX exchanges where the volume of 100$ per day, it just means that we are at different levels of understanding of how the world works! And except for you and two other people, no one will ever use such DEX.

[Zardbeig]

And what if I don't trust them and I don't want to connect my wallet? What if all my funds will disappear afterwards or blocked for some reason? I'm ready to share my receive address, but don't want to connect the whole wallet. That can't be called anonymous and safe.

[Marryan]

In the last few years, I don't see any news about anyone creating an anonymous blockchain or wanting to create a truly anonymous DEX. All this shows that it's complicated and nobody needs it. Lately the cryptocurrency world is just a way to make money

[Zardbeig]

Then what about the Utopia P2P blockchain based no KYC dex Crypton? I know that it's too row, few coins are added, but it's fully anonymous. You don't have to provide any personal data, even email is not required. And the fees are low. I think if they will widen the allowed crypto, they have a great future.

[Marryan]

Yes, it's very interesting, but they have been in the market for a long time and are constantly working to improve. But I am referring to new projects, not those that were launched 3-5 years ago. And if we take the last 1-2 years, the idea of anonymity is not relevant at all.