I don’t understand why their cold storage wallet has 330K coins but there are 660K on their btc-maid orderbook and 413K on their btc-eth orderbook. Anyone have insight into why this is?
This year’s Bitwise report on exchange volume singled it out specifically, noting that it is “easy to show that HitBTC volume is almost entirely fake.”
An excerpt from the above post: “…Sanders lauded Kraken and Bitbuy as examples, with both conducting proof-of-reserve and security audits.
Meanwhile, HitBTC has failed to conduct audits of any kind,…”
All I have to say is, being so dependent on HitBTC is like playing with fire. ERC20.MAID can’t come soon enough. Plus, hopefully upcoming releases, price appreciation and increased interest will open up opportunities on other, more reputable exchanges.
Well, this is no secret in the crypto world. This is a common practice. A recent example is how Cred lost 100 million$ of its customers’ cryptocurrencies. The crypto is designed to remove intermediaries. But people just can’t wait to give their money to an intermediary.
What is infuriating is that we have a brutal example lasting over 6 years of how badly centralized intermediaries are. The infuriating thing is that there is an alternative - UniSwap. It is obvious to me that all our efforts for the token must be aimed at creating liquidity there, so that traders can transfer there.
Idk who keeps the gas on MAID buying but I like to see it. Keep it up benevolent rich people . I will start to be happy when I see us break $.30 cents again.
I think the market is looking for proof that there has been considerable progress made with development, all the signs are good/better than they have ever been and why we’ve had a slight increase, but this is only ever so slight compared to what can come if there is any resemblance to a useable product that is released in this upcoming testnet and is able to show a little bit of what is to come
I’m not expecting a testnet today, would be a nice surprise But we’re getting really close, thats for sure. Man, I’ve been accumulating for the last 3 years, haven’t sold a coin and even I’m having some sort of FOMO.