However, as we can see below, most of this liquidity is… 100% illiquid. It’s consisting of memecoins which have less than 1$ of 24h-volume.
Beside having so many memecoin projects launched over $FX network at the same time, saturating the main project’s flows, this is a very big red flag for me and many outside-investors. We couldn’t do worse in terms of communication.
Would it be possible to automatically exclude from the top tokens and graphical statistics any token which volume is less than 1% of the $FX token volume ?
Hey lord Pundians, I have a different opinion, even small liquidity should be displayed as part of the tvl, user can filter accordingly to his/her preference.
This is standard practice on UniSwap and other major dexes.
I’m litteraly shocked by your answers… (“Others do have a very low standard, so do we…”)
IRL, this would expose any decent trading exchange to fraudulent charges.
Anyway, I can read between the lines. Hope others will be able too.
Hi lord @FrenchXCore , trying to do a whitelist might be riskier to regulatory risk, imagine SEC asking why did u list A token NOT B token yada yada… Instead DEX want to stick to a marketplace model where they are just facilitating the flow.
In any case, I believe $BAVA will be on MarginX whether its permissionless or white list
This is extremely well documented by @SCENE and is exactly what I meant.
I didn’t really care about the meme coins up to now : people like playing with that is fine with me…
However, it now impacts the project we put trust in, and could definitely imply regulatory issues or prevent a listing on a more serious exchange. And I noticed it just now because I had a little spare time in these troubled days…
The issue you think it is (MarginX and Joe):
Permissionless listing allows anyone to do the method above.
Permissionless listing is a must for a DEX, I totally agree.
However, this is not the actual issue.
Actual issue:
The dashboard is including tokens with inflated value.
The point system is including swaps with inflated value.
This is the main issue.
Solution:
The dashboard should be able to filter both inflated liquidity & swaps.
Counting only pools that have real value
Point system should exclude inflated swaps
This allows the permissionless listing feature to exist whilst ensuring only real value swaps into the point system and counting actual tvl.
With this, even if anyone try to abuse the inflated method above, it won’t affect both the dashboard value and the point system contributed by real traders. See how DeFiLlama does it.
Preventive measures is better than cure.
There you go, the issue and the solution.
P.S. There’s another separate issue with the point system that I reported few months ago also but I think we should solve the current one first.
Step by step and all for a better future of MarginX!
I’ve been in PundiX and former FunctionX projects since 2019, and noone can say it’s a scam. They’ve been building continuously since then, even thru monstruous bitcoin crashes periods.
Maybe, instead of judging too quickly, should you be asking for help with accurate details of what you’re trying to do ? I’m understanding you’re blocked, and some of the community around here might be able to help.
I have also been with pundix team since 2019, but i can definetly say they have the worst management and PR. Why would they hold money for months, why don’t they sort it out quickly… my withdrawal are also pending for while now and the worst part is the team does not bother to communicate at alll…you never know when you gonna get you money back…i have bridge my assets 2 3 times during last couple of months and it always took more than week to get back into you wallet… and everytime i have to post here…if its keeps on happening people eventually feel like it’s scam…harsh but bitter truth…at least the team could do is to communicate ane let holders know how long it’s gonna take time for withdrawals to arrive…
Team’s choices might not be perfect, but you’re on a decentralized system. The team CAN’T HOLD your money. There’s definitely something wrong in what you’re doing or what you’re saying. I’ve been bridging money many-many times between FXEVM and BSC, ERC20, TRC20, POLYGON, and it rarely took longer than a minute !!!
When saying stuff like that, please provide evidence with transaction hashes to support such FUD.
Sometimes, if you don’t understand or like a project, it’s better to leave it.
Transaction hash 0xb59ddba739e16a120c5424bff4df035d25685e8a7f78e36333dbac7f60602269 this one took more than week…
0x89e8f56f7e143472ddda6e9dc1920a8a70410fe42d51542f745b3c4f367ad38a…this one still pending almost a week…
also you can see others post as well where trx are pending for weeks… not here to fud but just providing constructive criticism… yeah and ll be out fully once i get this cross chain issues fixes as my funds are all in fxcore core and there is no way i can withdraw fund without bridge.
Thanks
