Manta

Manta co-founder: Market makers are all pests, and if there is real demand, they can only lend out at most 0.2% of the coins

ChainCatcher news, Manta Network co-founder Victor Ji posted on X: "We basically receive invitations every day from so-called proactive market makers and OTC for buying coins and acquisitions, and my attitude is to just stay put. Market makers, whether proactive or passive, are in my eyes blood-sucking parasites; they don't pay any attention to the fundamentals of the projects at all. However, every time there's a meeting, these people are very active in organizing events, and the bosses are also extremely wealthy. Why? Because this money comes from the project's community. If in this industry, more and more funds do not pay attention to fundamentals, then this industry will collapse faster and faster, and market makers are the most blatant group that ignores fundamentals. I believe that liquidity comes from real community trading; whether you are bullish or bearish, it is a natural market. If market makers are willing to participate, you can buy coins in the market to gain positions."Victor Ji added: "If some project founders are worried about insufficient liquidity but are unwilling to spend money on retainers, then my suggestion is to consider a loan, but the size must be minimal. In the early days of the Polkadot era, Calamari was asked by Three Arrows to provide over 3% of tokens, and these guys immediately sold the coins, while claiming to be very legit and that they would never sell the coins. A real loan only requires no more than 0.2% of the coins. Because think about it, if you need 200k for a 2% depth, that’s already a lot; 0.2% of the coins must exceed that value. If market makers want more coins, aren't they just here to dump?"

Manta Network co-founder Victor: Deeply cultivating emerging markets in Southeast Asia, living locally to support community development

ChainCatcher news, at the "DeInsight 2024" annual summit held during Devcon in Bangkok, Manta Network co-founder Victor shared a keynote speech on "The First Layer2 Adopting MultiDA."Victor stated that in terms of community incentives, Manta's Gas Gain profit rebate program converts 50% of the Gas profits on the Manta Pacific chain into MANTA tokens to reward users. Additionally, the Manta Foundation has committed to distributing 10 million MANTA as extra rewards over the next four years, with more for the top 400 ranked users on the network.Furthermore, the Manta CeDeFi product serves as a bridge between DeFi and CeFi, aggregating multiple yield strategies from RWA, on-chain, and CEX, allowing users to enjoy diversified returns from both CeFi and DeFi by simply depositing BTC, ETH, or stablecoins.Victor revealed that the $50 million ecological fund established by the Manta Foundation has supported around 16 projects, including KiloEx, in just two months.The Manta community team places great emphasis on global expansion, especially in emerging markets in Southeast Asia. He is a founder who truly lives in Southeast Asian countries to support local community development.Video live stream link:https://www.youtube.com/live/tTVcUPumPysImage live stream link:https://www.pailixiang.com/album_ia7637038926.html
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