answer. I’ll ask again, but presume there isn’t much you guys can say, but give it a go anyway.
Tel wants to obviously have self custodial assets that trade cheap and the sell point is cheap and a dex, not cex.
However due to liquidity in pools atm/whatever the reason there isnt even a competition. Trading anything that isn’t a few quid will result in potential 100’s in loss from a trade. This obviously doesn’t fit the brief and would leave people on exchanges and not wanting to flock to the app for trading. Which is ofc part of the fly wheel.
Just wondering if you guys acknowledge this and could share how this changes in the future as tel scales…. With these exchange rates we won’t have a hope in hell of tel scaling as people won’t use it?
They dont answer those sorts of questions here it seems 🥴
Well I know it’s a question that’s awkward to answer and they probs can’t give me one either especially as they are just admins. But it’s a question I’d like to know the answer to none the less
Has anyone replied to this point? Seems like an interesting question that ought to have a robust answer
There was a series of questions in our AMA of a simillar nature, asking about risk management or systems, token value depreciation and viability, and countermeasures. The answers were straightforward (and are being signed off presently) for an AMA write-up. Hopefully this will be released very soon too. Appreciate it’s been a short while, so apologies to the community for the hold up, in the lead up to 3.1 everyone was at full capacity, so now that’s out, we can get more housekeeping tasks completed.
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