launched together with the DYP?
DYP launched back in Oct 2020 iDYP was launched in 2021
The investor in Coinbase receives for every dyp1=6dyp2 Even at this price the price does not match The current price is 0.46 = 0.076 in Coinbase
Is there an explanation for this?
During snapshot taken, DYP on BSC/AVAX chain holders gets 1:1. If you hold DYP on ETH chain then 1:6 is the ratio. Proposal went YES with all DYP voters from ETH/BSC/AVAX
Gentlemen…. The prices will likely never match. It’ll likely never be “fair”. It’s market pricing. If CB decides to wake up, accept dyp2 and insta swap your bag tomorrow….youre screwed. Your options? 1) Sell the old dyp and buy the new dyp elsewhere. 2) pray to crypto Jesus that it’s a “fair” swap price wise (by chance, of course) if/when CB decides to acknowledge this project (hint: not gonna be fair)
I think the Coinbase exchange cannot be displaced Because of the price difference
Dear Khaled. It is not price difference. DYP v1 is available on Coinbase only. Once Coinbase migrate to DYP v2, it will also be like the current CEX (Kucoin, MEXC, HTX, Gate ) where DYP V2 is available
Why is bsc at this disadvantage?
He’s likely referencing the fact that he’s going to get hosed if he has his dyp1 bag on CB and it automatically exchanges it for dyp2 one day. Let’s look at current prices if CB were to swap your dyp1 bag right now for you 6:1 dyp2 bag. Hypothetically, let’s say I have $10,000 worth of dyp @.44 that’s about 22,727 dyp1 Now, CB swaps my dyp1 bag to dyp2. My 22,727 dy1 become 136,363 dyp2. Here’s the issue Khalid is referring to. 136,363 dyp2 coins are currently worth $7,718. And *poof* there goes $2300.
Please check this article https://dypius.medium.com/should-dypius-do-a-token-migration-to-upgrade-the-smart-contract-for-the-bridge-and-other-related-a97315841969
As admin mentioned, when the swap was finalized the ratio was fixed. Also, if Coinbase decides to migrate in the current market conditions, dyp v2 will pump hard to cover any price difference with v1. Practically speaking, Coinbase investors need not worry about being short changed ! What you said still stands theoretically.
Not spreading FUD. I agree. A CB pump should offset the difference, if not more
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