Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
wmaurik
on 27/06/2024, 13:49:37 UTC
⭐ Merited by JayJuanGee (1)
Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?

I tried to trace the project you mean "Bamk" and what I saw was that the price was still too low with the supply and market cap already quite high. I got a little information about the project at https://magiceden.io/runes/BAMK but if that's not what you mean I don't know where else to look because I've never heard of a project like this before so can't give an assessment which is more precise. However, for now it seems worth exploring because who knows, it could be an opportunity to make a profit from it, especially considering that the price is still very low, which of course is also very affordable if you want to buy it now.