Bon déjà pour expliquer le Move de la liquidité Galeon / BUSD vers Galeon / BNB :.
18 Mar 2023, 06:22
Bon déjà pour expliquer le Move de la liquidité Galeon / BUSD vers Galeon / BNB :
Pendant toute la chute du marché crypto on s'est adossé à un stablecoin (BUSD) avec une grosse liquidité, ça a permis d'encaisser les coups, la seule pression vers le bas été les gens qui vendaient pour diverses raisons qui leurs sont propre (besoin de liquidité, peur, impatience etc...) .
Comme vous l'avez vu, une fois que le marché a touché le fond (à priori, peut-être que ça pourra continuer encore). On a mis une paire de GALEON / ETH sur Ether, comme il y a pas encore de bridge, cette paire fait sa petite vie de son côté sans vraiment de vendeurs car les seuls qui peuvent vendre là bas son ceux qui l'ont acheté là bas (ou Galeon mais on vend pas de token en bear donc pas de risque de ce côté là). Comme Galeon est adossé à l'Ether sur la blockchain ether sa valeur a monté avec la montée de l'ether.
On voulait faire le même mouvement sur BSC mais on avait la liquidité bloquée pendant 1 an donc il fallait attendre la fin de blocage de la liquidité, ce qui est arrivé en début de semaine.
Maintenant que la liquidité est débloquée et qu'on estime que le marché est bien descendu (ça peut encore refaire une descente mais on est pas loin du plus bas) on a transformé notre grosse liquidité en BUSD vers du BNB, ça a l'avantage (et l'inconvéniant) de rendre le GALEON plus volatile (à la hausse comme à la baisse). Si le BNB / ETHER vont monter, mécaniquement la valeur du GALEON va monter, s'ils diminuent ça va jouer dessus aussi. (c'est pour ça que beaucoup de crypto montent et descendent avec le bitcoin car elles sont adossées au bitcoin).
Plus on va déployer Galeon sur des échanges centralisés, plus ces mouvements vont s'équilibrer par les "market maker", des gens qui gagnent de l'argent en équilibrant les marchés s'il y a des bridge (exemple acheter du galeon sur BNB pour l'envoyer sur Ether et le revendre là bas)
Same news in other sources
118 Mar 2023, 06:31
Well, first of all, to explain the Move of the $GALEON/$BUSD liquidity to $GALEON/BNB:
During the entire crypto market drop, we were backed by a stablecoin (BUSD) with high liquidity, which allowed us to absorb the blows. The only downward pressure was from people selling for various personal reasons (need for liquidity, fear, impatience, etc.).
As you've seen, once the market bottomed out (apparently, maybe it could continue further), we added a GALEON/ETH pair on Ether. Since there is no bridge yet, this pair is living its own life without many sellers, as the only ones who can sell there are those who bought it there (or Galeon, but we don't sell tokens in a bear market, so no risk on that side). As Galeon is backed by Ether on the Ethereum blockchain, its value increased with the rise of Ether.
We wanted to make the same move on BSC, but our liquidity was locked for a year, so we had to wait for the liquidity lock to end, which happened earlier this week.
Now that the liquidity is unlocked and we believe the market has come down enough (it could still go down further, but we're not far from the bottom), we have converted our large BUSD liquidity to BNB. This has the advantage (and disadvantage) of making GALEON more volatile (both upward and downward). If BNB/ETHER go up, the value of GALEON will mechanically go up; if they decrease, it will also be affected. (That's why many cryptocurrencies go up and down with Bitcoin because they are backed by Bitcoin).
The more we deploy $GALEON on centralized exchanges, the more these movements will be balanced by "market makers" – people who make money by balancing markets if there are bridges (for example, buying $GALEON on BNB to send it to Ether and resell it there).
This move is strategic because the whole team is convinced that crypto will experience a massive adoption boom during the next bull market (end of 2024-2025), and it was crucial to allow the $GALEON token to benefit from the enthusiasm of the crypto market, even if it can still go down in the short/medium term. BNB and ETHER will inevitably rise during the next bull run, and with them, they will pull up the little $GALEON that is making its way 😏
Well, first of all, to explain the Move of the $GALEON/$BUSD liquidity to $GALEON/BNB:.
Well, first of all, to explain the Move of the $GALEON/$BUSD liquidity to $GALEON/BNB:
During the entire crypto market drop, we were backed by a stablecoin (BUSD) with high liquidity, which allowed us to absorb the blows. The only downward pressure was from people selling for various personal reasons (need for liquidity, fear, impatience, etc.).
As you've seen, once the market bottomed out (apparently, maybe it could continue further), we added a GALEON/ETH pair on Ether. Since there is no bridge yet, this pair is living its own life without many sellers, as the only ones who can sell there are those who bought it there (or Galeon, but we don't sell tokens in a bear market, so no risk on that side). As Galeon is backed by Ether on the Ethereum blockchain, its value increased with the rise of Ether.
We wanted to make the same move on BSC, but our liquidity was locked for a year, so we had to wait for the liquidity lock to end, which happened earlier this week.
Now that the liquidity is unlocked and we believe the market has come down enough (it could still go down further, but we're not far from the bottom), we have converted our large BUSD liquidity to BNB. This has the advantage (and disadvantage) of making GALEON more volatile (both upward and downward). If BNB/ETHER go up, the value of GALEON will mechanically go up; if they decrease, it will also be affected. (That's why many cryptocurrencies go up and down with Bitcoin because they are backed by Bitcoin).
The more we deploy $GALEON on centralized exchanges, the more these movements will be balanced by "market makers" – people who make money by balancing markets if there are bridges (for example, buying $GALEON on BNB to send it to Ether and resell it there).
This move is strategic because the whole team is convinced that crypto will experience a massive adoption boom during the next bull market (end of 2024-2025), and it was crucial to allow the $GALEON token to benefit from the enthusiasm of the crypto market, even if it can still go down in the short/medium term. BNB and ETHER will inevitably rise during the next bull run, and with them, they will pull up the little $GALEON that is making its way 😏