You are viewing a single comment's thread from:

RE: A Discussion about SPS, Exchanges and Market Makers

in #spslast year

Thanks for writing this up. I don't really see the value in having these small CEX listings so I'd vote against it. I really would like to see more done on the education side.

As I said in Discord, I've spent two years asking people how to buy DEC and hive using a coinbase onramp. The only answer I've gotten from anyone is "I just use binance". Living in NYC, that was not an option for me. Then in this last town hall Matt casually dropped that always just tells people to open a coinbase account and buy USDC for no fees and then swap to DEC on whatever DEX he mentioned for DEC. Literally no one in two years has given me that answer so I've only been able to buy into the game with credits. Every time aggy said buy DEC at this discount I've had no way to do it other than buying credits to buy cards to hopefully sell them for DEC.

We need education. Paying thousands of dollars per month for listings on exchanges that hardly anyone uses just to save face with people who don't know we exist seems like a waste of money when other Decentralized onramps exist that no one knows about.

Sort:  

I just buy DEC on Hive-Engine with Hive…. I buy Hive on Ionomy.com. Cheapest way of all.

Could be a good project for the War Room in discord... get some community members mobilized to make a tutorial video? There are many swap sites and hive-engine has free ETH deposits as well. If you can buy ETH, you can deposit it on hive-engine for whatever the transaction fee is and then use the pools on tribaldex to convert it to HIVE/DEC etc... just check the liquidity in the pool you are using. I tend to suggest going ETH to hive to whatever token you want.

the liquidity for swap.eth usually sucks. Plus I'm one of those people who believes I shouldn't have to spend $100 in fees to move $500, hoping I don't lose the $100 to a failed transaction.

After two years of searching for a way to avoid low liquidity, binance, and rediculous fees, I did discover a few months ago that I could swap algorand, cardano, and matic on simple swap for hive with very little fees. But it took years to learn that and I had to figure it out on my own. That's what I'm saying though. There are existing rails, Its just that no one knows about them.

Agreed on education and onboarding!!

$$$ Buying into a game should be like rolling off a log, not searching for the secret of Praetoria. It should not take 2 years, 2 months, or even 2 minutes to find the answer to the question, "Where can I give you my money?"
I agree with your suggestion for the education - easing the onboarding processes. I think this is a super high priority - like #1.

As for the Exchanges, I don't think it is wise to let these listings die out. It breeds familiarity and we already have the listing. I don't agree with pursuing additional exchanges, but allowing those we do have to perish is not a good message to others or us - especially gate.io and crypto.com would be a mistake. We should not pursue any more exchanges but we should not let these two go for reasons I posted on the proposal...

But thumbs up on the Educational Video idea for sure.

Definitely doesn't hurt to do better on the education front. Perhaps that is something the DAO can help pickup the slack on!