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Elrond Maiar DEX Farming: Was The Holoride RIDE Launch A Rug-Pull?? My Strategy for RIDE/EGLD/MEX…

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Goku
Goku
1 month ago

So basically this whole situation was caused by new investors being dumb. Huh.

the celt
the celt
1 month ago

never buy a new listing unless one got in the ico (initial coin offering ) ..fomo is not how to trade we live we learn

Eden Ayla
Eden Ayla
1 month ago

$760,000 just in two weeks Mrs Evelyn Alene Rhines you are so amazing.

Warren McCormick
Warren McCormick
1 month ago

I think the issue with this one is that there were so many ride tokens giving out early but it wasn’t really a fair launch thing ended up looking more like a venture capital pre-launch with people who had something worth nearly nothing or able to sell it for a crazy amount of money which caused the spike in the crash after. I think it be nice for a project like this going forward to just make it a fair launch every time.

D V
D V
1 month ago

So Elrond team bought 88% of RIDE And then disabled sell option and sold by themselves all the coin. Looks like a rug pull to me. I hope they will get jailed.

Ionut JaR
Ionut JaR
1 month ago

It was market manipulation by the team. Check last town hall meeting where Beniamin recognize that ppl had transaction on that pool

Jimmy Becker
Jimmy Becker
1 month ago

I just kept farming MEX with my Lp tokens, not thinking about RIDE, and will do so until the MEX unlock. HAPPY FARMING 😀😀. Maybe rich in 2023 who knows 😉

They Should Have Never Given Me Internet
They Should Have Never Given Me Internet
1 month ago

The smugness is really misplaced. It was definitely NOT the slippage that led to people losing their money. Don't be fooled people. The real reason people lost their money was because Maiar INTENTIONALLY enabled swapping RIDE for EGLD at the very same time as the launch so VC's and ticket holders could easily exit with huge profits (by cashing out in EGLD, as thousands did) . It may not be a rugpull in the traditional sense but it was still a calculated scam by the very definition of the term.

Had they delayed/disabled the swap function (like they did with several other DEX features throughout the day) the whole thing would have gone down super fair and legit. Think about it. Don't believe the FOMO narrative.

TTBOn00bKiLleR
TTBOn00bKiLleR
1 month ago

this was expected, this is what always happens when tokens get listed

R R
R R
1 month ago

Why the fuck is the MEX price 0.000666 ?
Quick, remove this goddamn video.

Thomas Smith
Thomas Smith
1 month ago

Did you ever find out where you had that 1000 ride from ?

Odin Light
Odin Light
1 month ago

Tired of seeing Elrond cultist's tell others they have no idea how to trade crypto blah blah… Elrond CEO just admitted this morning via their town hall that an Elrond team member made a purchase of over 2 million ride. They used 3 wallets to cover their tracks but someone caught them. This purchase was moved to the front while the rest of us were stuck. This is what caused the 150x in the first second. We were all screwed before we even had a chance. This is not what everyone expected from Elrond. What a shame. Now they say they will distribute that bought ride to the community… But my god, what a epic failure. Lost 10s of thousands of supporters….

Ben Iskat
Ben Iskat
1 month ago

❗️Scarygames❗️
-Launch on 11 November 2021 🔥
-Doxxed 🔸
-marketcap $4,984,476 ✨
-Audit ✅
-NFT 🎇
-LP Locked🔒
….

Chuck B.
Chuck B.
1 month ago

I waited weeks for the launch and it couldn’t have been more disappointing! APRs up & down like crazy and RIDE price fluctuating from $1-$5! I took half of my holdings out, sold them and now farming on different DEXs. I would’ve been happy to leave this capitals rewards locked for a year and help the DEX grow but yesterday was far too shambolic! Such a shame 😢

Bradley Houston
Bradley Houston
1 month ago

When you harvested your ride tokens. Did that not reset the timer on your 1 percent penalty?

theBearded Duck
theBearded Duck
1 month ago

i dont have a big amount of egld on the dex, but happy enough to farm with what i got, been looking how people inraged all day yesterday because they were greedy and wanted instant profits. farming with my lkmex on ride farm and again: happy enough with what i am getting so far, considering this is a long term project for me. But keep up with the viedeos, really interested in your journey in the maiar dex

R.S. Hildebrant
R.S. Hildebrant
1 month ago

Good point about Slippage- It's a safeguard against price changes during the transaction process…

DU3L CITIZ3N
DU3L CITIZ3N
1 month ago

I farmed it with LKMEX, I wasn't going to trade any EGLD for RIDE. This pattern always plays out on new coin listings… pumps, then the people who got in before the new listing dump it… finds support and that's when you should buy it if you didn't get in before.

Bedunda Uni Verse
Bedunda Uni Verse
1 month ago

best thing happend to me yesterday…i bought cheap mex with my egld when everyone was buying RIDE… Best Deal EVER! my portfolio got bigger by around 25%. way to go boys!!!

btc coins
btc coins
1 month ago

it wasn't Elrond or Ride fault, it was USER FAULT for buying the ride at the high price. Did somebody pressure you to buy the ride at certain price? Just b/c you bought the ride high price doesn't mean that it was rug pull. Bunch of cry babies! I have been in crypto since 2012 and I will tell you that you got it made. There wasn't staking, bonds, farming etc… back in those days, in fact you had ONLY two options, sell it at a loss or just hold it for many years hoping the price bounce back. Now days, you could make passive income

Victor Marcu
Victor Marcu
1 month ago

Thanks! Very good video!

This kind of high rise in price happens with every token launch on any network, not only on the Elrond network. It is extremely risky to buy right at the moment of the launch or few minutes or even hours after the launch. So many people rushing in and buying at a high price, instead of waiting for everything to calm down. I am pretty sure that this will happen again at the next token launch.

It wasn't Elrond team's fault for the volatility of the Ride price. They don't influence the price. It's done by the market, by request and demand. The DEX uses an AMM. People need to do their own research and take responsability for their actions. Moreover, never use high slippage.

I do feel sorry for those who bought at high prices. I've been there and I've learned my lesson. Patience is the key now.

btc coins
btc coins
1 month ago

All I got to say is that don't put all your eggs in one basket, this is how you get burn. Don't have too much faith on certain coins b/c you are here to MAKE money not the bag holder for many years

Christopher Luna
Christopher Luna
1 month ago

I used the RIDE launch to do a little bit of fall cleaning. I dissolved my LKMEX-EGLD token, then put the LKMEX into RIDE staking and used some of the EGLD to buy a bit MEX on the dip. I then used that unlocked MEX and the loose MEX already in my account to make more MEX-EGLD LP token and added it to my remaining farm. I think from this point in I'm going to focus on 1 LP farm instead of 2+ farms. Kind of a hassle logging all of that on the tax spreadsheet. I think the RIDE-EGLD LP farm is a little too risky for my tolerance threshold plus the APR has dropped significantly since this video. I did buy a little bit of RIDE at $1.16 just in case but like you, I probably won't add any more unless it drops below $1. I don't mind adding free RIDE via staking right now.

daniel dumitru
daniel dumitru
1 month ago

I loss 2.5 EGLD with that faking impermanent loss.

Aten
Aten
1 month ago

I pulled out of Ride. I staked 10M LKMeX for 4 hours and only received 2.8 ride. Yes 2.8. I went back to the Mex farm.

israel henry
israel henry
1 month ago

Hey Save, video lost sound @ the middle to the end

James Shaw IV
James Shaw IV
1 month ago

What do you think is a reasonable price target for MEX? Future not short term, only in this for long term. What company can we compare to the only thing I can think of is Uniswap and quite frankly not much competition.

BULLISH TITAN
BULLISH TITAN
1 month ago

Is there an unbonding time or a time you have to wait to when removing liquidity?
(Miami member)

Jimbo Pricey
Jimbo Pricey
1 month ago

Thanks, another good video! Quick question, I want to consolidate 2 MEX staking farms into 1, is there a way of changing MEX to locked MEX (or vice Versa)?

Doug Ross
Doug Ross
1 month ago

Ride tokens will be valuable coins in the near future and anything under a dollar is a good buy. Mex is moving but still in the ethesphere.

Indian
Indian
1 month ago

Should have got pre ico I got in at .004

Indian
Indian
1 month ago

What rug pull ? In from 4 cents got 6 🎟

Moss Free
Moss Free
1 month ago

Let this be a warning to all. Don't ape into things immediately at launch. Trying to get rich quick is going to get you wrekt 99% of the time. Play the long game 🎯

Boing Boing
Boing Boing
1 month ago

Swapped $1000 worth of egold in ride. 10 min later was worth $30. 10 min after that $550. At least an interesting experience. Considering the fact that I still have $500 worth of ride, would it be a good choice buying 2 more egold and creating a lp? As I don’t see any better option for getting something out of that ride honestly

Misfit
Misfit
1 month ago

developer tokens were locked 18 months and lottery were locked 3 months. it wasnt a rug pull.

fantaaastico
fantaaastico
1 month ago

It's incredible that people thing it was a rug pull. Very easy to be a back seat driver. Does anyone feel this way when a new token is on another dex and it goes parabolic at the first minute? No, they know there TX failed and didn't meet the price point. This team has held our hands and yet some are of little faith. Tsk tsk. Good video.