Trying to make my life My financial advices are worst advices you could listen to
Somewhere I belong
Joined June 2023
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Here's what you need to know so you don't make the same mistakes I did.
How did this happen?
Now all exchanges provide 2 pre-market systems.
1. Standard system where you sell/buy a token and leave a deposit (which is charged to you if you fail to fulfill the conditions on your part). It`s pre-spot trading by it`s definition. You have to complete or give-up order that u filled to get tokens/money.
2. Futures on a token. Like futures on nothing(price guessing).
But the most important thing that can liquidate you is that any liquidation on futures occurs at a fair price. A fair price is the price at which the token is traded on the spot market.
What's the catch? Let`s take the $0G token as an example. Team calculated its tokenomics with the token price of 5$, at the same time the pre-market price on all exchanges was 3.5$.
At 13:00 UTC during the listing, all market makers launched at the specified price: 5$ per token. What does this mean? The fair price (which, I remind you, is tied to the spot price) instantly became 5$. And at the same time, no one bought the token at a price lower or higher than this, which is the launch price of the token on the spot market.
As you understand, the “last price”(price which you open and close positions at) was 3.5$, and the "fair price"(spot once again) instantly became 5$ at 1:00 p.m. for 1 second (which is a 40% net upward movement from the futures price), and this immediately triggered a cascade of liquidations for everyone who did not have enough margin for the liquidation price to be above 5$.
What conclusion should be drawn?
When listing a token that is traded on the futures premarket, it can be released at ANY price, regardless of how much higher or lower it is than the futures price. The market maker can easily liquidate you in both directions (by starting trading too low or, conversely, creating a huge upward candle that will liquidate everyone).
To be honest, in my opinion, this is a clear scam on the side of @MEXC_Official exchange. Just draw a fair price for liquidating people. Fair price is not a real price for futures, U cant trade with fair price (you can be liquidated at a fair price in such a case, but at the same time you will not be able to open any position at this price).
Thanks for your attention. Please learn from my mistakes.
(2nd chart is how 1 second fair price pump looks on chart)
Wow massive spam of scam link of "sol burner" to clear unclosed sol accs (read more about it)
funny how this "0.002 SOL" got into trending.
Btw don`t think there is a single person to fall for that stuff
P.s Solincinerator to clean acc (or u can do that inside axiom)
nah no way it`s not fake substack acc and @solscanofficial really launched a token which being rug + sniped + dumped by all the snipers ever possible
EZKBLsiMX8HbjS31bzmRm97KqYN4ji8BqkG3jeL8bh2L
+ DEX literally saying not the off token
RUG gg
Just opened X after being afk for 5 months.
Loshimi still post BALD PICS and get more views than My entire acc did when I was daily posting.
nah....
How did they deposited money to sender`s OKX wallet ? Scammers asked them to set "XRP memo" in comments for TON transaction. That`s how they always knew where to send money to.
And. Why TonKeeper 4.4.1? This was one of the versions that didn`t show .ton in adress line.
Bomb their ethos reviews as hard as possible
Luckly I never grinded that garbage, But I fell sorry for those who farmed @monad for 5 years and got non eligible
"just an average L1 nobody really cares of"
Even after strong market crash and NFT`s going as dead as possible I still hold my @ChimpersHQ
ETH is 4300 Floor is 0.765 and theyre gaining MORE and MORE views on tiktok going MORE and MORE viral.
What else do you need to join the club? Grab urs now!
$TON ALREADY x3 From this screenshot WHAT IN THE WORLD IS THAT
Just wanted to share thing my friend showed me.
That`s cool tho, CHART ART I see smth like this first time in my life.
NGL respect to the guy who did that. Seems like @binance meta made someone rich
One of the most popular ordinals collections @Pizza_Ninjas launching their own strategy coin (with the mechanic like ETH strategies do) via account @Pizza_Ninjas
It`s used to be very hyped but they still seems to be one of the most alive collections on ordinals with not the worst floor.
Rn we can register there and try get some referrals to the project or at least spread to info.
So register, connect wallet (my advice to always connect clean wallets) and X.
Only 14H left.
Refferal - ninjastrategy.fun?pizza=52K3
NOT refferal - ninjastrategy.fun
