Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
It would be nice if people were actually making valid points or valid claims with evidence supporting it.
Instead of throwing around a bunch of personal opinions and displaying their subjective view on things.
Still waiting on the evidence to support the claim that Binance whole sum of Dash is about 8000 coins.
Instead of throwing around a bunch of personal opinions and displaying their subjective view on things.
One more thing.Binance couldnt establish 400 new masternodes,because whole sum of DASH on it is about 8000 coins,enough for only 8 nodes.
Still waiting on the evidence to support the claim that Binance whole sum of Dash is about 8000 coins.
Look at DASH markets at Binance and you will see that whole sum of coins is about 8000-10000 coins.I didnt see any change on it since Binance offered locked savings for DASH.There is not at one single evidence that Binance savings attracked enough DASH to establish 400 masternodes. Not even close.
These are all the Dash markets on Binance, please tell me where you only see 8,000-10,000 Dash ?
First pair is 8,57M USDT, which is about 94,000 Dash. Second pair is $85,479 BUSD, which is about 939 Dash.
94,000 Dash + 939 Dash + 1012 Dash + 316 Dash + 256 Dash = 96,523 Dash.
Source : Binance
Also total number of Dash on Binance can not be calculated by simply looking at Dash daily traded volume on Binance.
Exchanges will have a far larger supply of Dash stored in cold storage. You will need to know Binance cold wallet Dash addresses to correctly
calculate the total number of Dash stored on Binance. I don't think that information is publicly out there.
Not to mention that locked savings Dash amounts get removed from users spot accounts and moved to who knows where.
Sum all of sell market orders for DASH on different pairs and you get 8-10000 coins on Binance. Using volume to estimate number of coins on exchange is wrong for many reasons,especially for volume of coin with low level of market orders.Low level of market orders and high volume is always a mark of massive wash trading.
You are right that coin market cap is wrong indicator of coin strengh.Volume is also quite problematic due to wash trading.
The best indicator of coin strength for me is the size of Buy orders for coin - how much money is really offered on market to buy some coin - so call coin liquidity. Unfortunately, DASH liquidity has been shrunken multiple times for a year.It is sad that it is almost 10x less than it is for such classic memecoin like DOGE or 5.5x from DASH "fierce" opponent - XMR.
If people who run DASH think that things will change positively if they continue to follow the same path - well it wont. I will write one Einstein quote about it : "Insanity is doing same things over and over again and expecting different results".