{"id":13495,"date":"2022-12-15T07:00:15","date_gmt":"2022-12-14T23:00:15","guid":{"rendered":"https:\/\/www.smallcapasia.com\/?p=13495"},"modified":"2022-11-16T16:05:01","modified_gmt":"2022-11-16T08:05:01","slug":"crypto-rug-pull-sick-of-rug-pull-by-cex","status":"publish","type":"post","link":"https:\/\/www.smallcapasia.com\/zh-hant\/crypto-rug-pull-sick-of-rug-pull-by-cex\/","title":{"rendered":"Crypto Rug Pull – Sick of rug pull by CEX?"},"content":{"rendered":"

Excerpts from CareYourPresent \u2013 a crypto enthusiast<\/em><\/p>\n

\n

Crypto Rug Pull – Sick of rug pull by CEX?<\/h2>\n

Recently there are many news of\u00a0 crypto rug pull with trading plaforms\/CEX\/Lending company (3AC, Hodlnaut, Terra, Celsius etc) that bankrupt, rugged pull and collapses etc\u2026.Do you still feel safe to put your money in Centralized exchange?<\/p>\n

Decentralized platform to solve crypto rug pull<\/h2>\n

Small sum that you can afford to lose should be fine\u2026what about those big sums that you can\u2019t afford to lose? That\u2019s why you need a decentralized platform.<\/strong><\/p>\n

Of course, the recent one that gain one of the most traction is GMX. It was even listed in Binance recently and there was also a spike in the price of the main token.<\/div>\n<\/header>\n
\n
\"decentralized<\/figure>\n
Source:\u00a0https:\/\/www.coingecko.com\/en\/coins\/gmx<\/a><\/figcaption><\/figure>\n

Besides GMX, another possible platform that one can look at will be Gains Network<\/a>.<\/p>\n

\"gains<\/a>
Source:\u00a0gTrade<\/a><\/figcaption><\/figure>\n

Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading\u00a0platform. This<\/span>\u00a0platform allows for low trading fees, and a wide range of leverages and pairs (up to 150x on cryptos, up to 1000x on forex, and up to 100x on stocks).<\/p>\n

The main token that enable gTrade will be GNS token ($GNS). It started initially as the $GFARM2 token on Ethereum, which was fairly distributed in an ETH pool and a GFARM2\/ETH LP pool.<\/p>\n

The dev fund and the gov fund had a 5% share of the token distribution (10% total). It was later bridged to Polygon, and had a 1:1000 split to $GNS.<\/p>\n

The GNS token also acts as a mechanism of liquidity efficiency, offer returns for those participating in the ecosystem. Over its lifetime it has been net deflationary.<\/p>\n

In order to start trading in this platform, you will need 3 things:<\/p>\n

    \n
  1. A Web3 wallet e.g. Metamask that you can connect directly to this platform.<\/li>\n
  2. MATIC in that wallet to pay for transaction fees.<\/li>\n
  3. DAI in that wallet to use as collateral.<\/li>\n<\/ol>\n

    Basically, after you have the 3 items above, just click the connect wallet button at the top right side of the platform to start. If you wish to stake, you can also do so via this\u00a0site<\/strong><\/a>\u00a0too.<\/p>\n

    \"crypto<\/figure>\n

    Dune gaining traction?<\/h2>\n

    If you look at the stats using dune<\/a>\u00a0(see screenshots below), this is definitely gaining traction. It is worth exploring to find out more and try the platform.<\/p>\n

    However, do note that currently is still bear market, please your own due diligence before doing anything. Personally, I feel that this is still early but worth considering.<\/p>\n

    \"dune<\/figure>\n
    \"dune<\/figure>\n

    If you want to receive regular updates about my site, please click here<\/a><\/em>\u00a0to subscribe.\u00a0F<\/i>or more details on crypto, please click here.<\/a><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Excerpts from CareYourPresent \u2013 a crypto enthusiast Crypto Rug Pull – Sick of rug pull by CEX? Recently there are many news of\u00a0 crypto rug pull with trading plaforms\/CEX\/Lending company (3AC, Hodlnaut, Terra, Celsius etc) that bankrupt, rugged pull and collapses etc\u2026.Do you still feel safe to put your money in Centralized exchange? Decentralized platform […]<\/p>\n","protected":false},"author":36,"featured_media":13498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[925,1],"tags":[508,516,1835,2056,2259,2260,2261,2262],"class_list":["post-13495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-blog","tag-crypto","tag-crypto-assets","tag-crypto-defi","tag-cex","tag-crypto-rug-pull","tag-decentralized-platform","tag-dune-platform","tag-gmx"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts\/13495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=13495"}],"version-history":[{"count":4,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts\/13495\/revisions"}],"predecessor-version":[{"id":13501,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/posts\/13495\/revisions\/13501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/media\/13498"}],"wp:attachment":[{"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=13495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=13495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=13495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}