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Gambling discussion / Re: Is RammDex an exchange or a gambling game?
« on: February 29, 2024, 11:51:20 AM »
I've seen RammDex mentioned on social media, but I'm still unclear about what sets it apart from other exchanges.
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You are confusing AMM with RAMM, of course, any liquidity pool needs to be abundant. The issue with RAMM is different. Today, I have carefully reviewed the whitepaper of RammDex. RAMM is not a place that provides liquidity to reward liquidity providers as DEX platforms do. The liquidity pool of RAMM is created continuously by a group of people, among whom there are always two groups selecting two opposing results. These results are taken from the upcoming Hash string, and the Hash string is immutable. When the result is known, any unmatched assets will be returned to the account without transaction fees.I find it completely different from DEX, and the most significant difference is using the hash string as the result. The two opposing result groups mentioned by RammDex can be understood as the buying and selling sides, similar to CEX.But there is no central connection. The problem in these pools is always ensuring more deposits, which is often obtained by giving a higher return. This higher return, if it does not achieve quick profits, will lead to the service not fulfilling obligations and then scam.
Risk Automated Market Maker (RAMM) Technology raised two main problems: The risk of unsafe exchanges. 2. Market manipulation by whales. They did not succeed in explaining it. I searched on the site and on the Internet and did not find a clear explanation of how to solve the two problems. Returning to the definition, they will use the blockchain components as results in the future, and with 2 opposite outcome groups for risk exchange, I see that the project adds additional risks and, through the difference between the results of current and future risks, achieves a profit, but such ideas have ended badly in most DEX.I find it completely different from DEX, and the most significant difference is using the hash string as the result. The two opposing result groups mentioned by RammDex can be understood as the buying and selling sides, similar to CEX.