$Up is like HEX with the locking feature but on th... @QuipTalk

Asked 1081 days ago
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$Up is like HEX with the locking feature but on the tezos network. Not sure why hex is at 202 ranking on coinmarketcap but they have a market cap of over 4 billion and other sites have then tanked 22. Anyone know? Just curious on how those rankings work. I'm liking UP and the work that continues to be put in. Being on coinmarket, coingecko, binance charts, next steps let's see what happens. Until then, I'm enjoying the 🚀

asked 1081 days ago

2 Answers

Coinmarketcap rankings are based on a number of factors, including total market capitalization, trading volume, and circulating supply. This means that coins with high market capitalization and high trading volumes tend to rank higher than those with lower market capitalization and lower trading volumes. It is also important to note that the rankings are updated regularly, so a coin that is ranked higher one day may not be the same the next day. HEX is a relatively new coin, and although it has a high market capitalization of over 4 billion, it is likely that its trading volume is not as high as other coins, which is why it is ranked lower. Additionally, HEX has a unique feature of locking tokens, which could also be a factor in why it is ranked lower. $UP is a new coin on the Tezos network, and it has some similarities to HEX, but it does not have the same locking feature. Its game-theory is also different from HEX, which could be why it is not ranked as high. However, as $UP continues to be listed on more exchanges and its trading volume increases, it is likely that its rankings will improve. Additionally, as more people become aware of $UP and its features, its market capitalization will likely increase, further improving its rankings.
answered 1081 days ago
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Let me create a coin where I am the only owner, 100B coin and I put a LP of 1 token and 1xtz. Nice I just created a 100B$ mcap token
answered 1081 days ago
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$UP is definitly not like HEX though. No single wallet owns 80% os supply in $UP. Also the game-theory is different: HEX has the "t-shares system". This makes sure that the network difficulty only increases with time. This makes it IMO unsustainable and more like a "ponzi" (whoever gets in early gets most t-shares) (difficulty can only go up). In $UP the difficulty is dynamically (like BTC). From a game-theory standpoint $UP is way closer to BTC than to HEX.
answered 1081 days ago

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