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AMA - Ociswap [The Front Page of Radix]

Thanks for hosting us, r/CryptoCurrency, meow 😺

Our community has traded over 1,000,000,000 XRD in volume since our DEX launch in September 2023. And this is just the beginning. Join Co-Founder Lukas as he shares our latest developments and answers your burning questions about Ociswap and the Radix ecosystem. Don't miss out!

Need proof? it's us: CLICK

AMA: August 2, 2024, at 11:30 am UTC 📆

Drop your questions below — u/LoveSushi5 starts answering on August 2 at 11:30 am UTC!

What's Ociswap?

Ociswap is the Front Page of Radix, designed to help you explore and trade your favorite tokens efficiently.

Pools for Every Need: Utilizing Precision Pools similar to Uniswap v3, we eliminate blind signing, enabling confident trading. Our Flex Pools cater to new tokens, especially memes, allowing quick and easy use.

As the central hub of the ecosystem, we showcase top tokens and provide a decentralized exchange for capital-efficient swaps on Radix. Our platform ensures a seamless user experience by simplifying and enhancing trading with social profiles based on the brand new Radix Personas identity system.

What's cooking 🧑‍🍳

Introducing sXRD: Ociswap’s new DeFi powerhouse.

Ociswap is now listed as a DEX on CoinGecko.

Major UI/UX improvements for the Ociswap dApp, now fully optimized for mobile trading.

Discover Ociswap and its ecosystem with "Token Trek".

Kickstart your journey 💪

• Make your first swap on Ociswap: https://youtu.be/nZkzCePuNpw

• Grab the Radix Wallet for iOS or Android: https://wallet.radixdlt.com

DeFi can be easy to use and hassle-free.

Join the movement:

〰️ Reddit 〰️ X/Twitter 〰️ Discord 〰️ Telegram 〰️ YouTube 〰️ Our DEX 〰️

🎉 GIVEAWAY 😻

We'll give away $20 worth of OCI to 10 lucky participants from this AMA.

We'll pick and DM all the winners after the event randomly!

We've finished answering all your questions! 🎉

Thanks for your interest and engagement. We're very happy with the outcome and look forward to seeing you again in the Ociswap community. Don't forget to use and recommend our DEX!

We'll soon announce the 10 lucky winners.

Follow our X account so you don't miss out: x.com/ociswap

Thanks again to everyone involved.

Meow 🐾


Daily Crypto Discussion - August 3, 2024 (GMT+0)

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.


 

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.


 

Rules:

  • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.

  • Discussion topics must be related to cryptocurrency.

  • Behave with civility and politeness. Do not use offensive, racist or homophobic language.

  • Comments will be sorted by newest first.


 

Useful Links:


 

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.


Donald Trump planning to make a National Shitcoin to pay off the 35 Trillion dollar national debt. Donald Trump planning to make a National Shitcoin to pay off the 35 Trillion dollar national debt.
COMEDY

So the Genius Donald Trump who likes to call himself the "Crypto President" has proven that he doesn't understand how crypto or bitcoin works when he promised to pay off the US national debt by writing them a little crypto check.

Trump:

Who Knows maybe we'll pay off our thirty five trillion dollar, hand them a little crypto check right. We'll hand them a little bitcoin and wipe out our thirty five trillion Dollars.

Maybe this guy isn't as smart as he thinks he is.

Clip of Trump proving he doesn't understand Crypto or bitcoin

https://x.com/atrupar/status/1819379866732462375






Made $2.3M in crypto, penny-pinching daily: When to cash out for a better life? Made $2.3M in crypto, penny-pinching daily: When to cash out for a better life?
DISCUSSION

Hey everyone, long-time crypto investor here with a bit of a dilemma.

I've been in the crypto space for years, starting as a Bitcoin maximalist during the Ethereum ICO when I was still a student. Now, I'm all in on Ethereum.

Over the past few years, I've made what I'd call life-changing money - about $2.3 million. That's an insane amount compared to the average salary in my country. Currently, 99% of it is still in crypto, specifically ETH.

Here's my issue: Despite this wealth, I've been living a stressful, penny-pinching life because I'm so focused on delayed gratification. I seriously struggle to spend anything over $100 without thinking, "If I invest this instead, it could double in a few years." This mindset is especially strong given the current high inflation.

Recently, I've been considering buying a house that would significantly improve my quality of life. It costs around $700k. Since I don't have a regular job, this means I'd need to sell some of my crypto. I've been waiting for the "next bull run" so ETH can get back to its all-time high before buying.

When the Bitcoin ETF happened and BTC surpassed its all-time high, I thought Ethereum would follow suit. But that hasn't happened, and now I'm back to waiting for the next catalyst. Some say it'll come by the end of the year, others think it might take several years.

So now I'm torn: should I wait longer, or is it time to bite the bullet, sell some ETH, and finally buy that house?

What would you do in my situation? Any advice would be appreciated.

EDIT:

I'm so glad to receive so many positive response and want to say that I'm super appreciate about it. I want to clarify the situation a little bit, to be honest deep down I understand money is no use if I do not get to enjoy it, some people think this is purely greed, which I think it's right to say that too, the thing about wanting more for me is, the money is enough for what I think I would need, but on the other hand, I am afraid what if I wanted more in future, etc.

There's a formula in my mind, it's like a bell curve, the peak of the curve is where you optimal happiness, longevity with less stress and sacrifices, but the formula is unsolvable as there's too many assumed variables like how long can I live, can I spend, etc.

But I did learn last year I would need to start enjoy life more and started DCA out since last year, prior to that I never DCA out, only invest everything into it, I have a DCA out strategy as well, it's like this:

I combine multiple risk model out there like the one from ben cowen, alphasquared, cbbi into 10 risk level, then every month I sell X% based on the risk level, for example if the risk level is 10, which mean multiple risk model assume we're at the market peak, then my sell percentage is actually as high as 80%, the percentage is like exponential, I ran multiple backtest to derive the percentage to sell based on these levels.

However market has been moving so slow and the risk (price) didn't go up much, so I'm basically selling only bare minimum to cover living cost. I guess in coming weeks I will going to revise the % I withdraw, so that I can withdraw enough earlier to buy my house.





150 - 300kwh of free electricity per month. Mine crypto? 150 - 300kwh of free electricity per month. Mine crypto?
ADVICE

A family member recently installed a solar power system that turned out to be more efficient than they anticipated. As a result, they are generating an excess of about 150 to 300 kWh of electricity each month more than they actually need for their household consumption. The utility company zeros out their electricity bill, but any surplus energy produced is simply absorbed by the grid without any additional compensation. They said that I could use this extra electricity by setting up a cryptocurrency miner. This way, the excess energy wouldn’t go to waste, so I'm hoping to use it to make some profit. I’m curious to know if there are any small or older models of crypto miners that would be worth plugging in to utilize this surplus electricity. Any recommendations or advice would be greatly appreciated!

** edited for clarity.**







MicroStrategy Stock Has Soared 1200% Since Adding Bitcoin to Its Balance Sheet, Outpacing Nvidia's Returns: What You Should Know - MicroStrategy (NASDAQ:MSTR)