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Tron Pounces on Ethereum's Gwei Gas Prices Skyrocking: Is a New King in Town? - YouTube
Channel: Altcoin Accelerator
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hey guys eloquent author so you've
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probably seen that
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defy is heating up would be an
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understatement
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and in the last 24 hours it's really
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been rough for a lot of
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crypto i guess what started it off is
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that
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a bunch of whales liquidated on various
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exchanges
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and that sent bitcoin into
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a tail spin when it almost kissed 12 000
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and now it's down to almost 10 000
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so one must also bear in mind
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that all crypto is pegged to
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[Music]
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uh bitcoin essentially if you go down
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any major exchange
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they'll all have btc crypto swap pairs
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or crypto pairs so when bitcoin goes
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down
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most all the ecosystem goes down except
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for the stable coins you know step
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tether and those things that are
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actually linked to something or
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something linked to gold or
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what have you but everyone's materially
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affected
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except in the last 24 hours you're
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seeing tron actually go much higher
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and the reason for that is what you're
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seeing right here just swap
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just swaps the brainchild another one of
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justin's son which is
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he's the leader and architect of tron
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and
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they have all sorts of d5 plays they're
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trying to be the
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effective ethereum killer in the space
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and with
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this it's set up as a uniswap version 2
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clone and the difference between unit
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version 1 and version 2 is that two
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actually
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sends you tokens that are representative
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of your portion of the pool
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and what's kind of interesting
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with just swap is it takes that open
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source protocol and
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they integrate as the
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balancing out pair trx and
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the thing with the theorem right now is
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that even the talibuteron will say that
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ethereum is broken
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really because the cost of doing a
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transaction
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is i would say prohibit prohibitively
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high
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it's to the point where some people were
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doing screenshots of it costing 35 us
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dollars
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to put forth a standard transaction they
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wanted with some degree
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of swiftness i think a few days ago it
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was
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450 plus way for a half an hour
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confirmation
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which is insanity because i remember i
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would wait
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you know half an hour when the way got
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to 10
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and i'm like i'm not paying 10 way and
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yeah now it's almost
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50 times that so if people are trying to
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do d5 on aetherium
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they're seeing that let's say they put
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in a thousand dollars
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which you know most transactions and
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stakings are
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good size but that's quite a bit and
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if you're gonna stake in to die and
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you're
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grabbing that top of the food chain you
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know 10 percent
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return then to do that transaction and
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send it in
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if it's 35 it's three and a half percent
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off the bat so you're already three
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months in the hole
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off of an exercise that
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has a really good return you know when
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banks are giving
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0.5 0.1 or nothing at all
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at a lot of the major banks so it's
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an attractive proposition but you either
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have to go into it with
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many hundreds of thousands in order for
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that 35 dollars to be a blip
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or you have to figure something out
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with gas so that you
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put a transaction in only when the way
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hits a certain amount
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for a half an hour confirmation so it
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doesn't get lost and you have to send it
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through again or you have to pay
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some eth in order to even cancel the
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transaction to get back
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the original principle of what you were
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sending out
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tron doesn't have a lot of those issues
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you can stake
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and you'll get some integrated energy so
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you can do
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transactions with those and then
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you can also lease tron's
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energy and tron is it's in many ways
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similar to eos in the sense that
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the i guess in eos it's cpu but with
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tron it's energy
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and you have a certain amount based on
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amount the amount that you stake and
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so it's you know a workable way to do
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defy
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and people are getting some traction on
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i saw that chris bleck
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was mentioning tron and some of the ones
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that are making some headway and
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you know justin sun he has
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a copy or a similar model
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to the urine finance
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and i guess it also be closer to yams
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and they allow you to stake your
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you know tokenization of your position
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in a pool on just swap
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i think they also have a bunch of other
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ones
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like hot dogs and oysters and all these
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ones that
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are really meant to
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mimic the unbelievable success
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of some of the decentralized tokens that
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are done do
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with a fair launch and that are going
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into the stratosphere such that
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people are very quickly able to roi on
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what they put in so
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the cool thing about that is you're not
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only earning from just swap you're also
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earning from these
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other platforms and as far as i know
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you do seed some type of
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control there and keep in mind all of
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these
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smart contracts are largely unaudited i
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think
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one of my developers was telling me
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today that on just swap even on tronscan
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the interactions that are typically
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there
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he's so close-sourced the
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tron scan tron swap code that you can't
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even interact
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with it the way you can on normal
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projects on tronscan
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so it's like a double close and justin
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recognizes that
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you know with uniswap and all these
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projects people are just copying and
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pasting them
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and it's like the meme says you know
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what's a blockchain engineer and then it
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shows the buttons ctrl c
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ctrl v because a lot of the projects are
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franken code and you'll see a little bit
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of dyds
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compound and all the ones that are a
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little bit innovative
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and they'll put them together and say
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like this is truly innovative but the
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problem is
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sometimes the contracts leave some
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vulnerability bugs
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and they get exploited exploited and
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drained
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and yesterday they had 5.5
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billion tron in the trx on just swap
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so that translates to about a quarter
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billion us dollars so you know
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football stadiums worth of black hat
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devops are there
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trying to find those vulnerability
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points for the drain because that would
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be a seismic drain
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that any unethical hacker would
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be super excited about getting their
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fingers on that
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size of a honey pot so really
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interesting time to be in the space
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and you can see that more and more
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tokens
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are put on there every day the
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ustj that's justin sun's answer to a
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stable coin
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similar to the tether and
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the ones that are on here you can really
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easily make a pool i've made several
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pools on uniswap and it's the same sort
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of thing applies
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you just put in that trc20s wallet
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address
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and then you can start putting in it
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whatever
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equilibrium that you want to
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start a pool and then people will
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quickly see like oh wait a minute this
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is worth twice as much as this so let me
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trade it out such that i can make an
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arbitrage profit but interesting time to
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be in d5 so definitely keep an eye on
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the tron blockchain which peaked
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yesterday at
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ninth i think it's down to 14th in terms
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of the overall network of what the 6 000
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different coins and projects out there
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so keep an eye on it and
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what justin sun is doing interesting
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times
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