EPX: nobody talks about, time to buy?
Technical analysis
Technical analysis looks pretty strong at this moment because the descending channel is currently breaking out with a strong bullish weekly candle. I also drawn a bullish rectangle and the support of it really must hold, otherwise – sell and protect your money. But I think the chances of an uptrend is very high. Good news is that this coin still didn’t pump compared to others, so you can catch a big profits at start. What do you think guys about EPX? Boost + Follow for more ideas. Thank you so much!
Fundamental analysis
Ellipsis operates on the BNB Smart Chain (BEP20) platform. Ellipsis has a current supply of 132,000,000,000 with 70,298,978,577.73303 in circulation.
Ellipsis is a decentralized exchange, and an authorized fork of Curve Finance on BNB chain that generally solves 3 problems:
It offers efficient, well priced swaps.
It offers yield to token holders in a safe, well tested environment.
It offers a solution for protocols to build deep liquidity for their tokens.
Who should use Ellipsis?
People who need to swap tokens.
People with tokens looking for yield.
Protocols looking for liquidity for their pools.
More about Ellipsis
Ellipsis is an Automated Market Maker (AMM) or exchange that lets users and other decentralised protocols exchange tokens (BUSD to USDC, for example) with low fees and low slippage.
Unlike exchanges that match a buyer and a seller, Ellipsis uses liquidity pools. To achieve successful exchange volume and low slippage, Ellipsis needs a high amount of liquidity (tokens) in the pools. To incentivize liquidity to deposit in Ellipsis pools, Ellipsis offers rewards in EPX tokens to liquidity providers.
What are liquidity pools?
Liquidity pools are pools of tokens that sit in smart contracts and can be exchanged or withdrawn at rates set by the parameters of the smart contract. Adding liquidity to a liquidity pool gives you the opportunity to earn trading fees and possibly rewards.
What are liquidity providers and LP tokens?
Liquidity providers (LPs) refers to the people who provide liquidity in Ellipsis’ pools. For example, if you deposit USDC + BUSD into the 3EPS pool, you are a liquidity provider in the 3EPS pool.
When you deposit, in return you receive LP tokens representing your deposit in the pool.
What does it mean to stake LP tokens?
Staking LP tokens refers to staking your LP tokens in Ellipsis to receive the EPX rewards from a pool.
Boost + Follow for more ideas. Thank you so much!
Checkout latest world news below links :
World News || Latest News || U.S. News
The post EPX: nobody talks about, time to buy? for BINANCE:EPXUSDT by Magikan appeared first on WorldNewsEra.