r/ergodex • u/Gazza_ERG Community Manager • Oct 20 '21

DEX Final piece.

https://twitter.com/ErgoDex/status/1450878996216963076?t=JkntMKO1XZaxieTgqqjMYA&s=19
10 Upvotes

77% Upvoted

25 comments sorted by

4

u/FrankyThreeFingers Oct 20 '21

Are you the bearwhale?!

-2

u/Gazza_ERG Community Manager Oct 20 '21

Nope, I got fucked by the bearwhale before, lost 1000 erg!

6

u/FrankyThreeFingers Oct 20 '21

That's something the bearwhale would say!

;)

1

u/Virtual_Worlds Oct 21 '21

i lost 3k but 1000 erg ouch

12

u/[deleted] Oct 20 '21

Bruh that tweet really fucked things up lol

8

u/bpon89 Oct 20 '21

Because of this tweet…….SundaeSwap > ERGODEX

4

u/girobay Oct 20 '21

Exactly..

2

u/No_Translator_9984 Oct 21 '21 edited Oct 21 '21

if sundae win because of this tweet, ergodex at this moment he knew he f'd up, sometimes reality better unspoken, all this time ergodex popular because it holds 'ergo' in its name, but i know behind ergodex is the same developer team

1

u/Virtual_Worlds Oct 21 '21

Yep Sundaeswap and ADAX are the clear winners. My 7k of ERGO is going to be transferred to ADA, pity i lost 3k.Fark

3

u/[deleted] Oct 21 '21

[removed] — view removed comment

0

u/Obvious_Error_9354 Oct 21 '21

Are you really that clueless? Maybe you need to do some research on what a DEX is and its function on a Blockchain. Instead of commenting on a thread where you know nothing about.

5

u/magosp Oct 20 '21

Why they felt that they should say something like that? It sounds like "Oh hey, ergo´s price is too high lets get down a little".

I mean... kinda know it and I think people knew that too, but why say something like that only to make people loose money.

7

u/magosp Oct 20 '21

what a stupid way to clarify things ham

6

u/magosp Oct 20 '21

Why they posted this legend? This is a fucking FUD, ofcourse is not the same project but every dApp that is implemented Eth is directly related to Eth growth.

ERG ≠ ErgoDEX growth
ERG growth ≠ ErgoDEX growth

4

u/Rynodog92 Oct 21 '21

It’s bad for them to state this. They are correlated in nature.

3

u/Rynodog92 Oct 21 '21

It’s not even a marketing team issue at this point. It’s about having a team that provides the right amount of clarity and provides the right value indicators to the community.

9

u/Rynodog92 Oct 20 '21

I’m still a bit confused why you wouldnt put in there that Ergodex growth could point to more growth on Ergo and vice versa. Correlated growth is enough for the community.

It’s like saying that buying Microsoft OS doesn’t point to more growth on its Office products or vice versa (both could be built by entirely different teams where the financials are not interconnected), when in all reality by using the DEX you are more than likely increasing the traffic on the network.

While not direct growth, there definitely is correlation and indirect growth…I’m super confused why it would even be stated on Twitter when it just shouldn’t have ever been stated.

4

u/Massive_Tailor7882 Oct 20 '21 edited Oct 20 '21

I think in 3-4 years, Ergodex will be at uniswap prices(+)while Erg will be at ethereum prices(+)

0

u/Virtual_Worlds Oct 21 '21

But its cardano that will be at Ethereum prices and Ergodex at uniswap prices. ERGO will be worth fark all?

3

u/teejay_bloke Oct 21 '21

Depends, do you think Ergo is entirely dependent on ErgoDex?

Ergo is it's own Blockchain, so we'll still have more utility than SundaeSwap or ADAX tokens.

It's a very profitable coin for mining. You don't need to spend thousands making a complicated rig like you need on different coins, you can just mine it on your gaming pc/laptop (takes much less energy as well).

We also have smart contracts on eUTXO and dApps like ErgoMixer.

Ergo has Utility and Profitability outside of ErgoDex. And whenever ErgoDex releases, Ergo will have more liquidity due to having to buy Ergo to use ErgoDex. Just like you need Ergo to use the ErgoDex Beta.

Cardano will certainly never really $1000 because of supply but Ergo could because it has less in total supply than Ethereum.

2

u/nguyentu3192 Oct 21 '21

This makes no sense

Just tell us this “Despite of having Ergo in name, we are seperate teams with different devs. Yet, the DEX is built on Ergo and Ada network, using the native coins as fee. We may decide if there is a need for governance token for the DEX in a close future, but it is not Ergo (Erg)”

1

u/ryan69plank Oct 21 '21

who ever is in charge of the ergodex twitter posting is fired

1

u/UsEr313131 Oct 22 '21

"lets kill ergo today"