This is a very bad sign for users of this exchange.
Before exitskam cryptocurrency exchanges, quotations of major cryptocurrencies are often jacked up, it is displayed on aggregators and arbitrageurs get into the funnel first of all, and everyone else on the chain. Input is available, withdrawal is no longer (this is in general). Such scheme was implemented on exchange Livecoin, before the scam. There are a lot of schemes, those who have been in the market for a long time have seen everything.
When the annual rate on stabelcoin reaches 100%, what is the sense of trading? You can just put stabbles and not blow the whistle, the income is incomparable, passive🤣 (ideal for parasites).
On bitcoin and ether the rate is close to 150% per annum, also the dream of any trader.
Such interest rates are inadequate to the market, especially now, when exchanges are experiencing a liquidity crisis. They spent a lot of money on all sorts of gimmicks secured by cryptocurrencies (in the hope for infinite growth), which are still rapidly falling in value, and they need to pay back the money to creditors. And here frightened hamsters and smart investors are withdrawing assets from exchanges.
Write in the comments what do you think will happen in the near future, or in your opinion all is well and this is just marketing and nothing bad?
Posted Using LeoFinance Beta
I have said this for a while now, exchanges offering this kind of return are bound to fail and collapse and take the crypto with them. I mean 100% returns is never more than a Ponzi
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