3 ms·
My favorite recent NFT story was the exchange that opened an NFT market, and then closed it 30 days later because they only had $100 in trades: https://web3isg
by pram 4y ago
My favorite recent NFT story was the exchange that opened an NFT market, and then closed it 30 days later because they only had $100 in trades:
https://web3isgoinggreat.com/?id=wazirx-closes-nft-marketplace-after-processing-112-in-trades-over-a-month https://web3isgoinggreat.com/?id=wazirx-closes-nft-marketpla...
- jandrese 4y agoImagine starting an NFT market and not even doing the standard wash trades to set the ridiculous prices for all of the FOMO spam. Oh my god, these guys were true believers. That’s even more hilarious.
- deleted 4y ago[deleted]
- oliwarner 4y agoWashing is pretty abrasive when there's a 5% sales commission.
- adastra22 4y agoNot for the people running the market.
- uncletammy 4y agoI think they are suggesting that the exchange would use bot accounts, exempt from trading fees.
- jandrese 4y agoYou gotta spend money to grift money.
- kuhewa 4y agoEven if they did pay it they would be collecting their own vig
- shapefrog 4y agoYou need to work on your grindset - Washing is cheap when there's a 5% sales commission.
- DebtDeflation 4y agoA low price to pay when you're laundering money, which is the only real NFT use case.
- ilrwbwrkhv 4y ago[flagged]
- remram 4y agoIt's pretty weird to call your product "a fully decentralized platform" as you announce that you have unilaterally shut it down.
- 1337biz 4y agoIn other news companies launch products that fail. Not sure what is suprising about that.
- xwolfi 4y agoWhat's surprising is that anyone believed it was a product.