New Crypto Exchange

Here is description from the site
'NiobSwap is a Decentralized Exchange and Automatic Liquidity Acquisition Yield Farm running currently on Binance Smart Chain, with a three-type referral system, and opportunities to launch on several other blockchains as Polkadot, Polygon, Tron and Ethereum. We have created a deflation token, Niob, which allows a constant increasing price with a sufficient burn mechanism.'

OK can someone explain this to me like I'm a 5 yr old? I've been buying crypto on Binance since last Feb and have actually made some nice gains but still don't understand what any of this stuff they talk about on the website means or what's so great about it but I'm definitely interested. Or links to some good and trusted tutorials would be nice

Centralised exchanges like Coinbase, Binance etc have owners and everytime you trade they get a cut. Decentralised exchanges rely on liquidity of assets and the users are the suppliers, certain exchanges will give you a % for keeping some of your crypto there.

I think also maybe more importantly, the way things are going if you don't bend and comply to every request of the Technocratic Overlords - you might find yourself locked out of exchanges and bank accounts frozen etc...

With decentralised exchanges you are in control of your own assets at all times, just keep your main stash in a hardware wallet or paper wallet.

Also buying some of the coin helps them reach there target goal to launch and it's at 17c per coin atm, it will launch at 44c when they reach there target or the 21st of December, whichever comes first.

The coin is going to be listed on other exchanges as well. So if you didn't want to stake or use the exchange you can still over 2x your money if sold on the day of release I guess...

Look at there roadmap and read the whitepaper.

Thanks for the explanation. I've been taking some time today to watch some videos and am looking at getting a hardware wallet now. I did register on that site but that's as far as I've got so far. Will be keeping an eye it

This could be huge, decentralised with a fiat cash out option. I've never seen any decentralised exchange offering that.

no open source code

the "team" is just a bunch of cartoon avatars

so many red flags

Does anybody know how to trade on coinbase without getting gouged for 3 to 4% on every trade?? I'm trying to make pennies and their making dollars!!

What are the staking reward % they offer? You have to hold their coin to stake with them? And if so, how much do you have to hold? Thanks

I'm still trying to get my head around defi, and looking into the different platforms and staking %'s.

What are the red flags?

I didn't see a cartoon avatar, I just saw an interview with main dev. He shows his face, you can find his name and other projects he has worked on, it's all in the interview.

You seem upset for no good reason, do you work for pancake swap lol

Use a decentralized exchange, no extra costs only the network fees.

I don't see a % I guess it would be scaled in price and time in some fashion, here is quote from there website:

'Yield farming lets users that are providing liquidity earn NIOB rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.'

No idea what I’m looking at. Explain this to me like I’m 5

I just took a look.



Cartoon characters with just a first name. That, right there, is a YUGE red flag!

Most if not all decentralized exchanges are anonymous, you won't find out who they are by choice. These guys have a face, credentials and licenses in place.

I'm not 100% certain it's legit, but I do know that you likely didn't even know what crypto was 10 years ago.

How would it be legit in your eyes? Would sleepy Joe have to approve it?
I don't get why you so mad you have to reply to urself!

If you have no idea how crypto or exchanges work, think if it like this:

Centralized exchanges - you have 10 red beans and you want 10 blue beans... you give your 10 red beans to the man who swaps them for you, but he only gives you 9 blue ones... you are left short because you can't swap them yourself, you have to pay the man with all the beans for the privilege of changing your beans.

If you're OK with eating less and feeding the fat man, this is for you.

Decentralized - you learn how to swap beans with other bean owners, and no one steals anything from you.

You need to get your coins out of coinbase first, then trade them on a dex like this project will be.

Dex's don't charge you for the privilege of trading your own coins, you only pay the transaction fees. TradeOgre is one I use, also no kyc.

Transfer everything to Pro.coinbase for free and trade from there.

Fees are 80% less. No signup fees. Your username and password for Coinbase work for Pro.Coinbase. You can also set market, limit and stops.

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stop scamming decent people.




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What about the maiar exchange?