NewDex and Dexeos: Let's Take a Look At Airdrop Trading

So we have two decentralised exchanges up and running. Dexeos and NewDex. Which one you use is a matter of taste at this moment. Seems like NewDex is the up and coming, and I personally find it more user friendly and I like the interface better. These exchanges are very fast, very easy (as long as you master Scatter) and very exciting! Which coins are mooning right now? And is there any volume? For beginners, volume, or liquidity in a market is very important to understand. Make sure you don’t FOMO into buying a coin just because the creators of that coin is pumping it or trying to create liquidity. I would caution people to take it very easy in these early days of EOS dapp trading. To log in to the exchange is easy. Connect your desired account with Scatter and you are ready to go. Let’s look at some examples: Luck Luck Chain is the world’s first decentralized market forecasting platform based on the EOS protocol. You can predict the results of any event (football, World Cup, campaign, etc.) in the LuckChain. We verify the results through blockchain. No one can cheat. So, 10,000LUCK trading volume 24h at 0.003EOS which is 0,018USD. A trading volume of $180USD 24h. You have to realise that this is very early on, so price discovery have to happen. The Luck token has not yet dropped, so this is probably the team themselves or someone associated with the team trying to create some action. Or we could speculate in other reasons. Luck is airdropping 1:10, which means 1000 EOS gives you 10,000LUCK september 9. And like we calculated, 10,000LUCK is about $180USD right now. Is that good or bad? Who knows. It will be exciting to see when people receive their tokens. I think the general market sentiment will decide in the beginning. If their token is dropped when everything is going down, chances are people will sell off. If there are more bullish sentiments, I suspect people will buy or at least hodl. Either way, there are good opportunities to either buy cheap tokens or sell at high prices. So now, before the drop, reading into these tokens that are all ready ready to be traded the exact moment people start to receive airdrops, is a good idea. Then you won’t FOMO in or FUD out. Karma Karma is a token that HAS been airdropped. 2,5 million tokens traded last 24h at avg 0.00017EOS or 0,001USD which gives it a 24h vol of around $2500USD. Not a lot of liquidity. If you have let’s say 10,000KARMA that is worth around $10. Worth selling? No. The reason is that not even most people in EOS, let alone crypto is even aware of these exchanges. This is so new, that there is no way that we have seen any real attempt at price discovery yet. Conclusion According to Dappradar about 230-240 people are using each these exchanges now. That is not a lot of people. So 99,99% of people holding these tokens are not yet aware that you can actually trade them. Spend some time now to read about these dapps (and I will of course do my best to read into them and cover them and share my thoughts about them) and have a clear opinion about what you want to do, so your mind does not get clouded by FOMO and FUD when the actions starts. Is Karma, or Trybe in your opinion undervalued projects? Then you pull the trigger and buy up cheap tokens if they for example dump because the markets dump and there is no real underlying problem with the token itself. And if something sounds like a scam or just a shitty project, you put in a limit order at a price you will be satisfied with and then just leave it. These tokens are free money, so no point of getting heart attacks over it. Just decide what you are comfortable with and make a long term decision. Check out some of my other posts as well How High Can EOS Go? Eoscontract.io – A New Account Market For EOS A Practical Guide To EOS Knights Me, Myself&EOS   Join Trybe on Discord as well as Telegram Follow me on Steemit @eosmastering as well! Not investing advice obviously Recommend0 recommendationsPublished in Blockchain & Cryptocurrencies, EOS dApps, Tools & Wallets, EOS (EOS), Exchanges, Airdrops Loading...