20094
This group is about DeFiChain - a project that is bringing DeFi to the Bitcoin ecosystem! For more info: https://defichain.com
Ah ok well that explains why I can't find anything
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Hi, I wanted to try out the defichain wizard and join their telegram group, but I couldn't find a working link. Maybe you can help me, thanks
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Usecases and improvements are always happening. Just check out the latest DFIP's aiming at solving some of the dtoken constraints and improve it for a better trading experience and attract more users 🙂 Also, check the projects that are being built on DMC, some will have new usecases for dusd, while others will have it even as part of it's treasury 🙂
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Yea gaming platform using dUSD
Many dont know Japan is working on tis 6 years already, Japan will be the greatest on crypto adapted gaming platforms in the future. Japan knows the future
Dusd cannot peg. We should rename it as some like a swap token for dstocks
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Keep peg is not the only way to handle the situations, the problem keep circulating and come back again... until most people are afraid of dUSD
Why not break the wall, focus on creating more use case on dUSD.... use on Bake a.i technology is just an idea, you guys can come out more or better ideas...
It has to hit peg first which regardless of the measures in place, the reality is it will only really recover when DFI does. Which won’t be soon but I do believe will happen in the next few years
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Well, think this way, which is the other side of the rational. If it lowers more, will be even easier to burn. That is also another side, if it would reach to one cent, with a single dollar anyone could buy 100, send it to the burn adress, and remove algo dusd like crazy 😅
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DeFiChain's dToken system plans to become stronger and better than ever.
Lord Mark and DZ are live on YouTube presenting a new episode of DeFiChain News Show.
https://www.youtube.com/watch?v=zCujx-EJLfw
There are naysayers saying that DUSD will go even to 1 cent.. I mean.. if that happens, that's a 100x opportunity when it pegs..!
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I get that part and agree with it, but I was wondering more about their thought process on why they think that DUSD will achieve its peg
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I would say the thought process is quite simple.
It's undergoing a heavy discount phase, so the best time to buy any asset for anyone with dry powder who analisys and sees it may or will go up. Even investing a small amount, for anyone that can do such, will get a lot of DUSD with little investment and in the event it goes lower, the investor can think "ok, was a calculated bet, not much was "lost"".
But in the event it goes up and achieves the peg, the return will have been an easy 7 or 8X.
So basically, a good balance between risk/reward may simply be the thought process here.
Welcome to DeFiChain Labs: Unlocking DeFiChain’s potential
Find out more about DeFiChain Labs and how it will accelerate the growth of DeFiChain in the blog post below
https://blog.defichain.com/defichain-labs-leads-the-way-to-metachain-mainnet
I don’t think the Defichain wizard is active
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Baby steps first. DFI to $0.50!!! Let’s go!!! 🔥🔥🔥
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Yea, I agree its not stable
Thats why they should build some use case on it for better value.
Dusd gives an illusion that’s it’s a stable coin
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I agree with you, new use cases are needed, another idea would be to partner with some massively adopted gaming platform and let them use dusd as a token somehow there
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Lol Dusd now is same value as Ringgit Malaysia
I just notice this 1 USDT = $4.70 Dusd
Never expect this could happen...
My dUSD is now same value as my own country's currency note...1USD = RM4.70
My money devalue so much ;(
Earlier I mentioned DUSD use case on a.i technology as a.i is the future, at least people will hold some dUSD or buy more as it has useful on others things like a.i functions.
For dstocks is not enough or turn bad when market bearish... we have to wait for the bull market to come back which is going to be long time... those whales sold dUSD to hold Dfi is nothing feel happy about it, how much value they have made in dUSD losses... I feel pain for them, burn their dUSD after they have sold...
dUSD has to expand to more use case to make it better... im still holding my dUSD on dStock, really hope to buy more dfi at low but my dUSD losses too much value to swap to more dfi at low price...
Are there any plans to go back to pair back to usd
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I am not aware of any DFI airdrop as of now, but there could be airdrops from network participants on the new DeFi Meta Chain.
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Well, many factors. Currently, DFIP's being voted to make the dtoken system more stable and usable, which may bring more use to the dex. Also, DMC will allow external projects to interaxt easier with the dex, bringing the possibility of more use, more fees, more burn. And last, several projects in DMC may and will have dusd as part of their treasury, therefore efectively removing it from the market and locking it. So a good possibility of peg, it's the rational I wpuld say in who invests.
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But yes.. the qsn is what makes one think it will repeg if it drops much lower..
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Although I’m a micro/small volume investor, I still use my rewards to buy some dUSD and dStocks everyday. Little bits add up.
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Genuinely curious on who are the ones buying DUSD and what their thought process is 🤔
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https://x.com/bushstar/status/1709547650821877969?s=46&t=aKvLCmIlJUh2eLEli6Uw9w
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