50X: Further Exploration of Any-Any Exchange
Thanks to our source who has invested since 4 years in 50X
(TiN) โ Today, weโd like to share some insights into a little-known exchange with our readers. We quote from one of our reliable sources:
I have been following its development for more than 4 years as an investor in its own 50X and A2A tokens and I know everything in detail inside and out. Unlike almost all other exchanges, I donโt consider it a โkitchenโ because absolutely confident in the honesty and openness to the people of its chief developer Nick Price.
Because the exchange is at the stage of promotion and has not yet managed to acquire millions of users, there is still one big minus - rather weak liquidity, but I'm sure this is temporary.
As for her own tokens, if anyone is interested, 50X - a token that in the future, when the exchange reaches a positive balance, will work like an ordinary share, generating profit from the exchangeโs income. At the moment its value is much lower than the value of the ICO 4 years ago.
The second A2A token works on the principle of BNB of Binance - it gives a 50% a discount on trading fees and, over time, expect a good increase from it as the number of users of the exchange grows. I remember Bianance BNB also at one time cost some ridiculous cents, but after a couple of years its value reached $500.
Readers can sign up to 50X here or visit 50x.com to find out more.
Or, keep reading for more details from our discussion with one of the shareholders who answered a number of questions.
50ะฅ tokens provide the same rights and functionality as STE tokens: net profit of 50x.com per quarter is distributed among 50X token holders.
Q: Please tell us more about the 50X tokens and what about the 50X100?
50X tokens exist in 2 variations. 50X100 and 50X. Both are analogous to the shares of the exchange itself with only a slight difference. On the one hand 50X100 is a 100% token that will give "dividends" from the total 100% of the exchange's net profit pool. 50X on the other hand is a token that will profit from 80% of the exchange's net profit pool.
Let's say the net profit of the exchange was $10 million. Holders of 50X and 50X100 will receive a profit in proportion to the number of coins from the $8M pool (80% of the profit). And the remaining $2 million of profits will be distributed only among 50X100 holders. But at the moment, the 50X100 token is disproportionately much more expensive than 50X, so itโs not profitable to take it yet.
It is profitable to take just 50X by buying it on the exchange. The total emission of 50X + 50X100 tokens is about 47 million coins (and this is very little), 20% of them belong to the development team, and the rest are either already bought and are with investors or are sold on the exchange.
The cost of the 50X token is currently around $0.04 - which is also very cheap! The exchange, in order to reach net profit, needs to reach stability. A stable level of trading is about $3-5 million per day. After this happens (or even when the dynamics of approaching these figures are visible), the 50X token, according to my expectations, can also go up sharply.
Q: Which token is more profitable, A2A or 50X in your opinion?
Both tokens, in my opinion, are extremely promising and, in order not to rack your brains, you can buy them in a portfolio in the proportion of 50/50! A2A will grow as new traders come to the exchange and buy it to reduce commissions whilst 50X will start exploding as it approaches the exchange's breakeven point.
Q: What of the fall in A2A price since April? What caused that?
The most important factor is, of course, the general bear market, one way or another, absolutely all coins are subject to this. The question is therefore, to what extent, since everything can be known in comparison: Bitcoin fell 4X whilst the most stable coins such as XMR (Monero) and others from the top 20 also fell over 4-6X compared to their ATH (all time high). And there are coins such as Gari for example - more than 25-30X, ELT - more than 40X.
Therefore, against this background, A2A has withstood the bear market relatively well, having fallen a little more than 2.5X (starting from April).
Q: How can coins be deposited into 50X?
If we are talking about depositing via fiat money, then ADVCash is the only option through an intermediary. Otherwise the 50X exchange does not work directly with fiat and is unlikely to ever do that, due to the fact that it adheres to the concept of no KYC (โKnow Your Customerโ which are privacy-invasive identification measures). If they were to work with fiat currencies, they would be forced to introduce mandatory ID verification (KYC).
You can deposit any cryptocurrency including TON without any problems at all, from any exchange or personal wallet. Everything works like clockwork. The most convenient way is to deposit, for example, USDT on the TRC-20 TRON on the exchange, which corresponds to the TUSDT ticker on 50X.
On 50X unlike other exchanges where USDT ERC-20 and TRC-20 are traded as one ticker, on 50X it is 2 separate tickers: USDT = USDT ERC-20 and TUSDT = USDT TRC-20.
Recommendation
So dear readers, if you have read this far, hereโs what we recommendโฆ
Firstly note that you should always seek qualified advice and do your own research and in addition you should never purchase stocks, shares or tokens more than what you can afford to lose. There is always uncertainty in markets.
Our recommendation would be to buy what you can afford, taking the above advice into account, in A2A tokens, and also to explore using this exchange because in our view such an honest exchanges that has been working hard on such features for many years with a strong and moral development team, which moreover does not want to get involved in โKYCโ, is worthy of support.
By sharing referral links to the exchange to invite others, the liquidity should go up and it will be more and more easy to use for exchanges. We learned of this exchange via TonSafe wallet which lists it on the TON exchanges to use!
By signing up to TON info News email below, you will be notified if the 50X token as mentioned above starts to explode in future. Now that the disreputable exchanges run by children full of scams and connected only by virtue of their families in corridors of power are now collapsing, this can only help the growth of market for 50X with its unique โany to anyโ technology.
