Saturday, January 7, 2023

Hey, I'm rju.

Hi! Thanks u/Connect_Wolf_7262 for inviting me.

I bought a lot of Banano. Prices of other coins fell where they should have (including Nano), but Banano shouldn't be at such low prices.

What's my plan?

If the price continues to be low, I'll buy more. I wouldn't be surprised if the Banano market cap beats Nano.

Who will win and who will lose?

Those who contribute to the Banano community are the winners: NiceTheBoy, Prussia, Airtune, yekta, bbedward, Oops, SoggyApplePie, anemone, RQ, Fudcake, Kron, Turd, Kirby, Ptera, Coranos, Phantoad, Bantano, just_dimitry, Wrap-That-Potassium and others. Y'all win!

Banano holders will win. Exchanges such as Binance, Kucoin, MEXC will also win if they add BAN to their exchanges.

Hey emusk!

Thanks a lot for giving me all your Banano. Seriously, I would definitely not be able to buy that much Banano without your help.

Do I think of selling now?

I'm not as philanthropic as emusk.

Here's some advice!

  1. Any price under 0.01 USD is "extremely cheap". Don't be surprised if the Banano price moves separately from Bitcoin and other coins. Banano is different from other coins in many ways. Tell me which coin ranks first in folding@home? Which coin has a great community and a wonderful team? Which coin has a great wallet app like Kalium? Which coin has such fun events? Which coin has a cute whale making such statements??? It is BANANO and it's like no other!
  2. The Banano community should grow further. banano subreddit is alright. More effort should be given on Twitter. We can divide Banano distributions into two categories: spending to the existing community and spending to grow the community. Both are important, but the latter should be considered and given more importance.
  3. Developers, keep building! Some competitions can be organized for new developments on Banano. The people with the highest "multiplier" in a community are developers.
  4. wBAN liquidity incentives don't work, it doesn't help. The volume/liquidity ratio is too low. Adding liquidity to wBAN does not increase the volume. The highest volume is on Coinex, and I couldn't get this much Banano anywhere but Coinex. Therefore, wBAN incentives can be removed, focusing instead on more beneficial Banano distributions.
  5. Don't focus on price! Just focus on building and making good stuff.

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