Get Rich or Die Trying, DeFi edtion :)

in defi •  4 years ago 

DeFi, the obvious trend now days.

The new listing trend is becoming quite obvious. The public clearly sees something in DeFi that I don't. So here's my opinion for those looking into jump on the hype train that is DeFi.

  1. Identify the DeFi tokens with meaningful trading volume on DEXs like Uniswap, Balancer, and Mooniswap
  2. Check to make sure they aren't listed on Binance yet (Gotta catch this rocket to the moon early.)
  3. Keep track of which major exchanges are listing the new DeFi tokens and buy low
  4. Rinse and repeat

I'm just pointing out the obvious and current trend.

So no real examples?

Cream Finance (CREAM) is the most recent example for this trend.

cream_cex_vs_dex_xangle.png

  1. DeFi? Check.
  2. Not listed on Binance? Check.
  3. 8/28 - Price $83.00
    9/1- Listing at Gate.io
    9/3 - Price $125.00
    9/11 - Listing at Poloniex
    9/11 - Price: $ 281.00
  4. Wait until Binance listing, R&R

So what's next? I can't predict the future, but the Bounce Token (BOT) governance is interesting. So is Nest Protocol(NEST), another Oracle hype. But, you should do your own research before trading.

You can try using the CEX vs DEX listing matrix we made at Xangle to come up with your own conclusions.

https://xangle.io/defi

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  ·  4 years ago  ·  

Welp, Bounce Token (BOT) just got listed in Coinone exchange today 12:00PM KST. 50% increase in price right after listing. :)

Can this trend be any less obvious considering things from the Centralized Exchanges' POVs.

They're losing out in making money, how could they resist it?

bot_xangle.jpg