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Active LOBD15 - Jeffrey

Jeffrey said:
Wallet coverage: finish Shield support in Coinomi and Edge so users have more self-custody options as CEX access shrinks.
Click to expand...

One thing has been consistent in recent times and that's exchange delistings. I know you alone are not powerful enough to take on FINCEN and the so-called war on privacy.
Can you please confirm here how much liquidity we need for effective buying and selling for new and existing users, so that we can all start working towards that (if its not a static number, then a ballpark is ok), and also with swapdusk it does seem like we are heading more towards a DEx approach, I asked in another thread, but do you think it would be possible to conduct our own in-house marketmaking by providing liquidity across dex's. I realise that question has both technical and legal ramifications, so feel free to answer what you can.

Thankyou our benevolent emperor :)
 
Cryptosi said:
One thing has been consistent in recent times and that's exchange delistings. I know you alone are not powerful enough to take on FINCEN and the so-called war on privacy.
Can you please confirm here how much liquidity we need for effective buying and selling for new and existing users, so that we can all start working towards that (if its not a static number, then a ballpark is ok), and also with swapdusk it does seem like we are heading more towards a DEx approach, I asked in another thread, but do you think it would be possible to conduct our own in-house marketmaking by providing liquidity across dex's. I realise that question has both technical and legal ramifications, so feel free to answer what you can.

Thankyou our benevolent emperor :)
Click to expand...
Hey Cryptosi. I am adding dexes there just to provide an alternative source of liquidity. right now on all major pairs users could probably trade at max 30-45 usd. As for CEX we need 20k USD minimal for trading to resume on XT. I already setup a market makign tool for dexes. trading across the board needs around 70K USD worth of liquidity to provide functional trades on the depths down to -10%. its quite the process but we can work toward it
 
Hey @Jeffrey .

How much Liquidity balance do we have now? With the MEXC fiasco, and general volatility, I get that it changes fast.

Assuming it is zero, and the super block that just passed contributed $1K USD, we've only got $69K USD to go. At current prices of $0.024, that is only 2,875,000 PIV! Of course 50% needs to be sold to create the USDT side, creating massive downward price pressure. So that will bump up the total needed to approx 5,000,000 PIV if we do it slow over time. That's kinda necessary given there is only 432,000 PIV per cycle, and we've got developers who need to eat.

If we can set aside 250K PIV per cycle, leaving barely enough for a full time and part time developer, and nothing else, that works out to just 20 cycles!

We better get started.
 
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