GravityDEX wasn't functional? I read that in the Crescent article.

Question

GravityDEX wasn't functional? I read that in the Crescent article.

That's a lie. Why do they feel the need to lie to justify 🤦🏿‍♂️. GravityDEX was functional. The same code is being used.for Crescent. The problem with GravityDEX is that they had very little liquidity. It shouldn't be a surprise to the team, they didn't offer any incentive for providing liquidity. What were they thinking? They know how tokenomics works, that was a strange move and it wasted a lot of time. It also caused people pain because the team promised there would be rewards to liquidity providers but they never came.

#atom #blockchain #cryptocurrency #english

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17.04.2022

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Esco Obong Автор вопроса

Zoltan
Code can be the same.But Atom was the governance t...

Exactly which is why I said it was a strange move. It was a bad idea from the start. And even worse they still promised rewards in the article that many people were waiting for. People lost out on a lot of gains by putting there funds into GravityDEX only to get nothing but small tx fees in return.

0

17.04.2022

Zoltan

Esco Obong
Exactly which is why I said it was a strange move....

I totally understand you! And many community members share your feelings. I will forward your feedbacks to the teams! But crescent will add new values to Cosmos ecosystem,no doubt.

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17.04.2022

Esco Obong Автор вопроса

Ok I hope it will because it seems the Cosmos SDK roadmap could've been implemented faster and we'd have even newer things on the roadmap to compete with alternative blockchain platforms and make Cosmos the top choice for developers if resources weren't diverted. For example liquid staking could've already been released by now.

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17.04.2022

Zoltan

Esco Obong
Ok I hope it will because it seems the Cosmos SDK ...

Until now developers were busy with ibc protocol and other infrastructures! Finally devs are working on adding new features to the Cosmos HUB (Interchain security,liquid staking and more) and they continue to work very hard behind the scenes, I can assure you.Have a great Sunday.

0

17.04.2022

Zoltan · Accepted Answer

Zoltan

Code can be the same.But Atom was the governance token of Gdex and adding incentives to the pool was not an easy decision because of Atom inflation.

0

17.04.2022

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GravityDEX wasn't functional? I read that in the Crescent article.

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