In this clip from the AMA, Mitch and I give our take on everything Post-FTX collapse. A lot has happened in crypto the past few months.
All of these events have led to a lot of mistrust in the crypto industry. Everyone is running scared of what might collapse next.
There are record amounts of crypto being ripped off exchanges like Coinbase and Binance. People are withdrawing from CEXes in an unprecedented way.
Long-term, this FTX collapse could have a beneficial impact on the industry - leading to more personal security and scrutiny from reatil.
Short-term, we might see some more fallout.
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
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Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
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BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
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Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
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▶️ 3Speak
LeoFinance is a blockchain-based Web3 that is good to hear, I love the app
In as much as many crypto project has collapse, many good project like #hive, #leo and others in went is here to rewrite the story. So let those who doubt give it a trial.
#leofinace
#leothread
#hive
#HBD
We move in the world of crypto.
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BUSD/bHBD farming is so good in a bear market. The APY is ridiculous and HBD normally keeps within a few cents of $1 but may pump to a few bucks once in a blue moon or something less more frequently.
I agree that crazy value exists today on Cubfinance
Posted Using LeoFinance Beta
The collapse in CEXs would happen sooner or later anyway, a decentralized asset should not be expected to be traded on a centralized exchange. Cryptos are still in early stages so it's normal for them to be traded on centralized exchanges but 10 years from now we won't be seeing a lot of CEX. There will always be CEXs, but the trading volumes will not be this high.
The collapse of the CEXs will be a bit of a pain for the crypto markets, but I think it's a good thing for the future.
Posted Using LeoFinance Beta
Crypto is doomed, of course! Or at least, that's what the doomsayers want us to believe. I didn't listen to them any of the times when they said Apple was dead either, and what do you know? It's 2022 and I'm using a Mac that I paid for with BTC that I got from from faucets!