Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: BullTrader on January 22, 2025, 05:59:15 PM
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Now that the inauguration is done, I’m guessing the focus should shift to getting in early on crypto assets before they go mainstream.
Most of us aren’t familiar with DEXs or using sniping bots like Trojan or Bonk. Then there’s the issue of cross-chain bridging and gas fees on different chains like Sui, Base, Ethereum, and Solana.
I was thinking—why don’t we have an innovation that allows access to trending tokens not yet listed on top exchanges, using stablecoins like USDT, BUSD, or USDC?
This could eliminate the need for bridging, slow entry, high gas fees, and even the risk of phishing scams—like the case of that guy who lost $800k trading the wrong Melania token on a DEX.
What do you think?
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Gas fees are expensive on Ethereum — on SUI, Solana, Base the fees are in cents so not much trouble.
This could eliminate the need for bridging, slow entry, high gas fees, and even the risk of phishing scams—like the case of that guy who lost $800k trading the wrong Melania token on a DEX.
It's on the guy himself tbh. Confirm token contract address and make sure it's legit before you trade.
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I was thinking—why don’t we have an innovation that allows access to trending tokens not yet listed on top exchanges, using stablecoins like USDT, BUSD, or USDC?
This could eliminate the need for bridging, slow entry, high gas fees, and even the risk of phishing scams—like the case of that guy who lost $800k trading the wrong Melania token on a DEX.
Not sure I get what you're looking for. I'm pretty sure you can buy new tokens on DEXes immediately with stablecoins as long as you're using the right chain. Even if you have a platform that can convert your tokens to other chains easily, it won't help you filter fake tokens on the market.
Regarding easier bridging or cheaper multinetwork trades, some projects do claim to do that. I remember seeing one who claims you can use your ETH to buy tokens on Solana without bridging, although it's significantly more expensive because it still needs to convert your token in the background.
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I was thinking—why don’t we have an innovation that allows access to trending tokens not yet listed on top exchanges, using stablecoins like USDT, BUSD, or USDC?
Then you would be eliminating the advantage of those people who do the work of 'gem hunting'. I'm pretty sure there are smaller exchanges that are actively listing these new tokens with a stable coin pair but the problem always lies with the legitimacy of the cex/dex.
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Gas fees are expensive on Ethereum — on SUI, Solana, Base the fees are in cents so not much trouble.
This could eliminate the need for bridging, slow entry, high gas fees, and even the risk of phishing scams—like the case of that guy who lost $800k trading the wrong Melania token on a DEX.
It's on the guy himself tbh. Confirm token contract address and make sure it's legit before you trade.
What if all these can be eliminated?? That's the discovery. I was thinking—why don’t we have an innovation that allows access to trending tokens not yet listed on top exchanges, using stablecoins like USDT, BUSD, or USDC?
Then you would be eliminating the advantage of those people who do the work of 'gem hunting'. I'm pretty sure there are smaller exchanges that are actively listing these new tokens with a stable coin pair but the problem always lies with the legitimacy of the cex/dex.
Ai are pretty much sound everything rn, There's already a method of copying wallets using bonk bots, sol flare etc, there's also a recent development I noticed
(https://i.ibb.co/WyTRfDY/1737711685919.jpg) (https://ibb.co/C7rSQJT)
Tbh, alpha callers should learn something new imo
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I was thinking—why don’t we have an innovation that allows access to trending tokens not yet listed on top exchanges, using stablecoins like USDT, BUSD, or USDC?
This could eliminate the need for bridging, slow entry, high gas fees, and even the risk of phishing scams—like the case of that guy who lost $800k trading the wrong Melania token on a DEX.
What do you think?
I think there are a lot of websites for altcoins that has not yet released if I'm not mistaken.
However, if we have such tools then I think it will defeat the purpose of crypto itself, as what we said, we should be doing our due diligence here. If everything is going to be spoon feed or you are not checking anything that most likely you will still be scammed.
And for the individual that has been scammed, there is no one to blame but himself for not verifying and checking everything.
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Gas fees are expensive on Ethereum — on SUI, Solana, Base the fees are in cents so not much trouble.
This could eliminate the need for bridging, slow entry, high gas fees, and even the risk of phishing scams—like the case of that guy who lost $800k trading the wrong Melania token on a DEX.
It's on the guy himself tbh. Confirm token contract address and make sure it's legit before you trade.
What if all these can be eliminated?? That's the discovery. I was thinking—why don’t we have an innovation that allows access to trending tokens not yet listed on top exchanges, using stablecoins like USDT, BUSD, or USDC?
Then you would be eliminating the advantage of those people who do the work of 'gem hunting'. I'm pretty sure there are smaller exchanges that are actively listing these new tokens with a stable coin pair but the problem always lies with the legitimacy of the cex/dex.
Ai are pretty much sound everything rn, There's already a method of copying wallets using bonk bots, sol flare etc, there's also a recent development I noticed
Tbh, alpha callers should learn something new imo
Oh nice, first time seeing such innovation from an crypto exchange.. But it's still not guaranteed that these projects will make waves on the market, so it's only up to us how we focus on that specific project and have our faith that it'll rise. This is a good feature though since they will update the newest projects on their SEED homepage and we can even look out all the info by clicking one of the projects and research.
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What if all these can be eliminated?? That's the discovery.
I don't think you can remove naivety though. Sure, we can make everything more simple at a cost, but people will make mistakes if they're not being careful about what they do. There's a reason why people fall for scams, phishing websites, etc. Making everything simpler doesn't help to solve that, only education does IMO. It doesn't help that some people hate reading nowadays and they look for videos instead, even though some of them are misleading with no fact check at all.