Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
https://twitter.com/BTSEcom/status/1346800594808406016
ntroducing Wrapped Monero Token $XMR
https://blog.btse.com/introducing-wrapped-monero/
"Wrapped Monero, brings XMR to the Ethereum network with all the flexibility of an ERC-20 token. Wrapped Monero (WXMR) is backed 1:1 by Monero and secured by BTSE.
Wrapped Monero brings greater liquidity to the Ethereum and DeFi ecosystem. It gives holders of Monero more flexibility to utilize their tokens without having to sell it for Ethereum or stablecoins, in order to access the many exciting opportunities in the DeFi space."
How do you rate this news? Is coloboration with Defi useful for monero?
ntroducing Wrapped Monero Token $XMR
https://blog.btse.com/introducing-wrapped-monero/
"Wrapped Monero, brings XMR to the Ethereum network with all the flexibility of an ERC-20 token. Wrapped Monero (WXMR) is backed 1:1 by Monero and secured by BTSE.
Wrapped Monero brings greater liquidity to the Ethereum and DeFi ecosystem. It gives holders of Monero more flexibility to utilize their tokens without having to sell it for Ethereum or stablecoins, in order to access the many exciting opportunities in the DeFi space."
How do you rate this news? Is coloboration with Defi useful for monero?
Haha this is a fucking joke right?
What kind of a retard would do this?
Just reading your linked blog, https://blog.btse.com/introducing-wrapped-monero/ ,points out every reason this would be moronic.
This idiotic move would strip away every reason to own and use Monero ,even the custodial part!
Boy they will try and think of any reason to shake your coins loose! Apparently they don't know the things that this is supposed to solve are already a part of Monero.
Changing your Monero into a shit token of a centralized over bloated chain that is failing under its own weight is so far beyond stupid that anyone that even considers doing this deserves to lose all their coins.
But of course if those coins are genuinely "locked up" 1 for 1 then we will see less supply and greater price. So it feel like BS or Win for us