Re: DeFi continues to evolve with projects like TAIKO

I think this is a controversial opinion, I think the usefulness of a premarket depends mainly on the token you're buying or selling, if you're buying a token that the community are planning to dump and sell upon listing a loss is almost inevitable but a token like an utility one with real potential is really worth buying on a pre market

I've bought on a premarket before and made very little profit but I didn't take any loss

Quote from: MAAManda on Today at 03:24:54 PM

Quote from: Crypto_Potato on Today at 12:24:07 PM

The scarcity is definitely an advantage in tokenomics comparison to other L2 projects. Also a premarket does pose a chance for a good and early investment, I'm curious if anyone here has participated or is willing to participate

Quote from: MAAManda on Today at 08:07:26 AM

Quote from: Crypto_Potato on May 23, 2024, 04:24:31 PM

What are your thoughts about this project and token?

I don't really understand the scaling technology behind it, but when it comes to tokenomics, I think Taiko (TKO) has an advantage in terms of scarcity. 2 other large L-2 Ethereum projects have a larger supply than Taiko (TKO), for example Arbitrum (ARB) which has a supply of 10B tokens & Optimism (OP) which has 4.29B tokens. Meanwhile, on the other hand, Taiko (TKO) only has 1B supply.

Quote from: Bureau on May 23, 2024, 11:44:52 PM

If there is a pre market then investing in the token will be beneficial. After listing the token price will surely scale up.

Pre-market for Taiko (TKO) is available on Bitget, currently pre-market data for Taiko (TKO) is as follows:

24h total (USDT): 18.07K
Best bid price (USDT): 1.59
Best ask price (USDT): 2.20
Last price (USDT): 11.11 (+455.5%)

Pre-market prices can't be a real reference, I once went there instead of waiting for the official listing time on CEX, but what did I get? I was unlucky & experienced a loss. Based on that incident, I advise all of you not to go to the pre-market, it's like buying an item whose shape isn't yet clear, it's better to wait for the official listing time and buy immediately when the market opens.