LIVEBitHappy
@BitHappy
PM & Dev | On Binance Feed & BitHappy.xyz | X: @BitHaHa | Tip: Always read till the end 🌟
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Do cryptocurrencies need market makers?
Market makers provide both buy and sell quotes, creating a token trading service provider with liquidity and depth.
➬ There is no market maker, the trading depth is insufficient, users cannot sell tokens at the holding price, nor can they buy the required number of tokens, which increases transaction costs
For example, in an order book-based transaction, if you want to buy 10 tokens, if there is a market maker that provides sufficient liquidity and the price of each token is 4000U, you only need to spend 40000U to buy 10 tokens; on the contrary, if there is no market maker to guarantee sufficient liquidity, the possible situation is 5 sell orders of 4000U and 5 sell orders of 5000U, and your purchase of 10 tokens will cost 45000U, which is 5000U more than with a market maker.
➬ There is no market maker, the trading depth is insufficient, users cannot sell tokens at the holding price, nor can they buy the required number of tokens, which increases transaction costs
For example, in an order book-based transaction, if you want to buy 10 tokens, if there is a market maker that provides sufficient liquidity and the price of each token is 4000U, you only need to spend 40000U to buy 10 tokens; on the contrary, if there is no market maker to guarantee sufficient liquidity, the possible situation is 5 sell orders of 4000U and 5 sell orders of 5000U, and your purchase of 10 tokens will cost 45000U, which is 5000U more than with a market maker.
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Token Economics Decoded: From Circulation to Empowerment, a Must-Read Guide for Investors
Token economics sounds pretty intimidating. I remember when I first read the project white paper, I skipped this part directly. After all, I had never studied economics. 🤣
In fact, token economics mainly talks about two things. One is the information about the number of tokens, such as the total amount, circulation amount, unlocked amount, etc. The other is the role of tokens in a project or ecosystem, which is often called empowerment. For example, $ETH is used to pay for Gas.
Next, follow my thoughts on token economics!
➤ About the number of tokens:
The basic information of a token includes at least a few points: the total supply of tokens, the initial circulation of tokens, and the distribution of tokens (project owners/early investors/community airdrops). From these, we can deduce some indicators of whether it is worth buying:
In fact, token economics mainly talks about two things. One is the information about the number of tokens, such as the total amount, circulation amount, unlocked amount, etc. The other is the role of tokens in a project or ecosystem, which is often called empowerment. For example, $ETH is used to pay for Gas.
Next, follow my thoughts on token economics!
➤ About the number of tokens:
The basic information of a token includes at least a few points: the total supply of tokens, the initial circulation of tokens, and the distribution of tokens (project owners/early investors/community airdrops). From these, we can deduce some indicators of whether it is worth buying:
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🇺🇸 U.S. Election "Trump + Musk" Concept Coins:
$TRUMP Trump's name.
$FIGHT and $MAGA Trump's campaign slogans and famous world paintings.
$DOGE Just waiting for Musk's official announcement.
$MASK Homophone of Musk.
$PEOPLE Election concept.
Not complete, feel free to add in the comments!!!
$TRUMP Trump's name.
$FIGHT and $MAGA Trump's campaign slogans and famous world paintings.
$DOGE Just waiting for Musk's official announcement.
$MASK Homophone of Musk.
$PEOPLE Election concept.
Not complete, feel free to add in the comments!!!
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Binance "Smart Arbitrage" Test:
Invested 2500U, lasted 21 days 8 hours 32 minutes.
Total value at termination 2512.26U, of which funding rate earned 14.6U, the intermediate difference of 2.34U should be the transaction fee paid.
Calculation formula: 12.16 / 2500 / 21 * 365 = 0.08454095238, equivalent to APR 8.45%.
Because an investment of 2500U or less can earn an additional 10% APR reward, the actual APR this time is 18.45%.
This yield may seem insignificant to OGs, but it's quite good for more laid-back friends.
Invested 2500U, lasted 21 days 8 hours 32 minutes.
Total value at termination 2512.26U, of which funding rate earned 14.6U, the intermediate difference of 2.34U should be the transaction fee paid.
Calculation formula: 12.16 / 2500 / 21 * 365 = 0.08454095238, equivalent to APR 8.45%.
Because an investment of 2500U or less can earn an additional 10% APR reward, the actual APR this time is 18.45%.
This yield may seem insignificant to OGs, but it's quite good for more laid-back friends.
LIVEBitHappy
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The secret to wealth: Binance Smart Arbitrage
Binance's "Smart Arbitrage" is a neutral strategy, which means that no matter whether the market goes up or down (unless there is a black swan event), it will not affect your capital gains or losses. It is a way to preserve capital and profits.
Currently, the highest yield on $USDT is 21% APR!
The specific operation is to go long and short in different markets at the same time to achieve "risk hedging", and the profit comes from the "funding rate".
There are many stories about trading masters who make a lot of money through funding rates with their keen insight and professional operations!
Conventional means of earning funding rates:
Currently, the highest yield on $USDT is 21% APR!
The specific operation is to go long and short in different markets at the same time to achieve "risk hedging", and the profit comes from the "funding rate".
There are many stories about trading masters who make a lot of money through funding rates with their keen insight and professional operations!
Conventional means of earning funding rates:
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😱 Xiaomi is actually the "fourth largest" car manufacturer in the world!!!
In 2023, Lei Jun said that Xiaomi aims to become one of the top five car manufacturers globally in 15-20 years, and now they are already fourth. I don't know if Jun was referring to market capitalization ranking, but this achievement is a bit outrageous!
If I remember correctly, there was a previous investment of #GameFi from Xiaomi.
In 2023, Lei Jun said that Xiaomi aims to become one of the top five car manufacturers globally in 15-20 years, and now they are already fourth. I don't know if Jun was referring to market capitalization ranking, but this achievement is a bit outrageous!
If I remember correctly, there was a previous investment of #GameFi from Xiaomi.
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😳 Can Trump 'survive' until the day of the power transition is the biggest question?
After the election ends, there are still two and a half months before the election results can be recognized by U.S. law, with inauguration not being announced until January 21, 2025.
I was shocked by the beginning of a certain UP's video on Bilibili, is the U.S. election that crazy?
After the election ends, there are still two and a half months before the election results can be recognized by U.S. law, with inauguration not being announced until January 21, 2025.
I was shocked by the beginning of a certain UP's video on Bilibili, is the U.S. election that crazy?
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At the beginning, I was optimistic about Hamster's roadmap and circulation. I sold the airdropped chips at the opening of 0.01166, and took them back at 0.0058, and added positions.
Later, it fell all the way to 0.0033 and cleared the positions. In the end, I lost 50%, which took less than 1 month.
It was the biggest mistake in the past three months. At that time, all analytical methods were used, except data analysis, because TON had almost no data analysis channels. I was lazy at this point. At that time, I also bet that the TON ecosystem would always have an upward mentality. The result of laziness + betting is loss.
Like Scroll, I carefully compared the data, and at the same time, I shorted $ZK and $SCR , and the income was not bad, but it still could not make up for the loss on $HMSTR .
Later, it fell all the way to 0.0033 and cleared the positions. In the end, I lost 50%, which took less than 1 month.
It was the biggest mistake in the past three months. At that time, all analytical methods were used, except data analysis, because TON had almost no data analysis channels. I was lazy at this point. At that time, I also bet that the TON ecosystem would always have an upward mentality. The result of laziness + betting is loss.
Like Scroll, I carefully compared the data, and at the same time, I shorted $ZK and $SCR , and the income was not bad, but it still could not make up for the loss on $HMSTR .
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Kontos: Transitioning from Binance-invested zkRollup L2 to a full chain abstraction layer
In 2022, #Binance joined #Zecrey to develop the zkRollup L2 of BNB Chain. To this day, the competition between Optimistic and ZK has become less significant, and ordinary L2 seems to have become a 'false proposition.'
However, the industry has been evolving, and the liquidity fragmentation and user fragmentation issues caused by L2 have led NEAR to propose chain abstraction and Paradigm to introduce the concept of intent, presenting new solutions and trends to the industry and users.
Zecrey has long recognized this and launched the 'Full Chain Abstraction Layer' #KONTOS , which complements BNB Chain's layout for chains.
Kontos's full chain abstraction layer:
However, the industry has been evolving, and the liquidity fragmentation and user fragmentation issues caused by L2 have led NEAR to propose chain abstraction and Paradigm to introduce the concept of intent, presenting new solutions and trends to the industry and users.
Zecrey has long recognized this and launched the 'Full Chain Abstraction Layer' #KONTOS , which complements BNB Chain's layout for chains.
Kontos's full chain abstraction layer:
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Weekly Cryptocurrency Data Analysis (10.28-11.3)
Last week's top projects all saw data declines, with TVL (Total Value Locked) generally dropping by 10%; Fees generally dropped by around 15%. The Solana ecosystem shows some fatigue while Ethereum is starting to rise!
It is mainly related to the U.S. elections, with the market sentiment being cautious. Binance Blockchain Week also had some impact, as many project teams and investors attended.
Reminder before reading: Data is very important, but it is not the only thing, not the only thing, not the only thing!!!
There is a tutorial at the end regarding Hapi's understanding of it and how to find project profit data!
It is mainly related to the U.S. elections, with the market sentiment being cautious. Binance Blockchain Week also had some impact, as many project teams and investors attended.
Reminder before reading: Data is very important, but it is not the only thing, not the only thing, not the only thing!!!
There is a tutorial at the end regarding Hapi's understanding of it and how to find project profit data!
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Happy's Binance Blockchain Week trip is over!
As a developer, Happy likes the word "iteration" very much and believes that a person is a product, and growth is continuous iteration, continuous optimization of oneself, and ending one's own iteration at the last or most dazzling moment of life.
However, this event experience made Happy realize that he had fallen into a common misunderstanding in the product development process, that is, the version has never had a "deadline", resulting in insufficient pressure and sense of purpose. Although it is also iterating, it is more passively moving forward, and the product is not seriously polished.
After realizing this problem, Happy will make some specific version plans in the future, such as taking pictures, karaoke, aesthetics, stage fright, English and social interaction, etc. (some teachers and friends performed too well, and Happy was inferior).
Of course, Happy is not a very stubborn character. He understands that not everything can be exchanged for hard work. He may give up after continuous setbacks. Life is not perfect after all.
In short, continue to "iterate" and "release versions" to become a better self!
------ 🫡 ------
Thank you Zhuzhu @能量猪猪 for the invitation. My first trip abroad is dedicated to you. Although last month caused a lot of psychological trauma to Happy, it has healed this time. 🤣
Thank you for the care of Teacher Wu and Ni Da. The two brothers also took care of me a lot last time, and they also took care of me this time. Thank you for your hard work!
Teacher Wu @BITWU has a really good aesthetic sense and sings really well. 👀
Ni Da @PhyrexNi is really good at English and is also really busy (for example, the left hand is occupied, and the right hand can still refresh and post tweets). 👀
As a developer, Happy likes the word "iteration" very much and believes that a person is a product, and growth is continuous iteration, continuous optimization of oneself, and ending one's own iteration at the last or most dazzling moment of life.
However, this event experience made Happy realize that he had fallen into a common misunderstanding in the product development process, that is, the version has never had a "deadline", resulting in insufficient pressure and sense of purpose. Although it is also iterating, it is more passively moving forward, and the product is not seriously polished.
After realizing this problem, Happy will make some specific version plans in the future, such as taking pictures, karaoke, aesthetics, stage fright, English and social interaction, etc. (some teachers and friends performed too well, and Happy was inferior).
Of course, Happy is not a very stubborn character. He understands that not everything can be exchanged for hard work. He may give up after continuous setbacks. Life is not perfect after all.
In short, continue to "iterate" and "release versions" to become a better self!
------ 🫡 ------
Thank you Zhuzhu @能量猪猪 for the invitation. My first trip abroad is dedicated to you. Although last month caused a lot of psychological trauma to Happy, it has healed this time. 🤣
Thank you for the care of Teacher Wu and Ni Da. The two brothers also took care of me a lot last time, and they also took care of me this time. Thank you for your hard work!
Teacher Wu @BITWU has a really good aesthetic sense and sings really well. 👀
Ni Da @PhyrexNi is really good at English and is also really busy (for example, the left hand is occupied, and the right hand can still refresh and post tweets). 👀
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How long has it been since you last saw #CZ ? Tonight at 8 PM Beijing time, you can watch the live stream of Big Cousin!
I wonder if there will be a QR code to collect red envelopes, hahaha!
👉 Live stream link: https://www.binance.com/en/live/video?roomId=2229558
#BinanceBlockchainWeek $BNB
I wonder if there will be a QR code to collect red envelopes, hahaha!
👉 Live stream link: https://www.binance.com/en/live/video?roomId=2229558
#BinanceBlockchainWeek $BNB
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Wow, I got ripped off by the Dubai taxi driver for 150 dirhams, friends in Dubai be careful!
The distance from the hotel to Dubai Mall is 5 kilometers, the taxi app shows 30 dirhams, and the meter shows 18 dirhams!
When we arrived, I watched helplessly as the driver manually entered 180 dirhams into the taxi app, and before I could react, the money was deducted from my credit card!
#BinanceBlockchainWeek
The distance from the hotel to Dubai Mall is 5 kilometers, the taxi app shows 30 dirhams, and the meter shows 18 dirhams!
When we arrived, I watched helplessly as the driver manually entered 180 dirhams into the taxi app, and before I could react, the money was deducted from my credit card!
#BinanceBlockchainWeek
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A photo achieving two accomplishments!
✅ Successfully took a photo with the big sister!
✅ Binance Square 2024 Creator!
#BinanceBlockchainWeek
✅ Successfully took a photo with the big sister!
✅ Binance Square 2024 Creator!
#BinanceBlockchainWeek
