>>60909883
My biggest money play last 3 years was Bancor.
I was the biggest USDC whale stuck in that shitty platform.
I noticed that when BNT was at 40 cents, I had a 20% deficit, and when it hit 60 cents, I still had like 12% deficit. Didn't know how the curve worked, but didn't care - now all I needed to do was wait until it's $0.40 again, take the 20% loss, buy BNT with the money (about $1m) and go to telegram and explain to everyone else, that:
1. if you believe you'll ever be able to withdraw without a deficit, that means you believe BNT will 2.5x.
2. If you believe BNT will 2.5x, you might as well take the 20% loss and buy BNT now, so you make 250% instead of 25%.
A fuckton of people bought, and we got everyone out of USDC deficit. I made $400,000.
But that doesn't make them less scammy, fuck them
>t. still has ETH and LINK in Bancor