FTX EXCHANGE:
It came as a surprise to many but not to all. The recent events that transpired at FTX exchange, has nothing to do with unfortunate mistakes or technical failures. It’s the price we pay, when “popularity” is valued over earned VALUES, in the crypto space. The industry in general, is mostly to blame for this. Those who are genuinely working their tails off to contribute to the space are often ignored, especially if they don’t meet the unwritten rule of “popularity” standards in crypto.
This gives bad actors the perfect opportunity to do whatever it takes to get attention, gain popularity and manufacture visibility, which is often confused as TRANSPARENCY. When you “look” popular with false hype, almost all DUE DILIGENCE goes out the window. But others are highly scrutinized and pushed to the side. We unconsciously program the minds of crypto users to believe the lies that, the more popular a project is, the better it is for them, which is not always true. Luna, Celsius, FTX, Three Arrows and more, all in one calendar year, is simply unacceptable.
The industry fame seekers are becoming more of a stumbling block and possibly a threat to us all. This is mostly at the expense of innocent victims. This needs to STOP. We must focus on projects that care more about growing the young crypto space; not on those seeking attention and celebrity status for themselves. We can do better as a young industry and stop making excuses for our manufactured failures.
SafeBLAST (BLAST) FUTURE ON CEX:
We recently added more Blockchains to give us more options, when moving BLAST tokens to and from future centralized exchanges. These new Blockchains will also help us to create more future decentralized listings. There are legitimate centralized exchanges out there, who will list BLAST token free after due diligence. However, there are other legitimate centralized exchanges, who will require a listing fee and more.
Those who require a listing fee, to list SafeBLAST on their centralized exchanges, will need to provide transparent proof publicly or privately, to avoid falling into the trap of FTX liquidity crunch. This proof will be similar to something suggested by CZ of Binance’s “PROOF of Reserve” or whatever you want to call it. Growing projects like SafeBLAST, should NOT have to:
1. Pay enormous listing fees,
2. Give a large sum of tokens for marketing,
3. Provide initial liquidity pairs in some cases, and then be left out to dry because money does not grow on trees.
This has happened in the past with small and medium exchanges. Now it’s happening with the top ten ranked exchanges, which is absurd to say the least. We are thankful to the exchanges, who do their very best to support SafeBLAST’s community growth in particular, and the growth of crypto in general. We will continue to do our small part as a community, to support those exchanges who are helping to grow the crypto space.
We are in a growing industry and many mistakes have been made, with many more mistakes on the way. This is part of the growing process, especially when the goal is to disrupt the status quo. However, avoidable mistakes MUST and should be avoided at all costs. One good way to do this is to stay focused and stop being distracted by the “Celebrity” side of the process. When you care more about how you look, sound, or worry too much about your popularity in the industry, then you lose complete focus on why Cryptocurrency is here.
Let’s CHANGE how Money is USED
Let’s CHANGE how Money is VIEWED
Let’s CHANGE how Money is CREATED
Let’s CHANGE how Money is ACCEPTED
But most importantly, Let’s CHANGE lives for the better, by promoting financial independence and making Currency GLOBAL not LOCAL. #BLASTstrong
