Killua

TL;DR How @binance rugged you Actually this is wrong, if there was a buyer for every seller the price would remain stagnant. It´s when there´s not a buyer for a seller or vice versa that pricaction happens. Now since most pairs are illiquid in crypto and especially on @binance , marketmakers provide synthetic buyers and sellers to provide stability. If the pair is illiquid enough, marketmakers end up being 90% of the buyers and sellers. This enables them to drive prices up or down at their will and any given time. Where it gets tricky is when marketmakers collaborate with a cex that holds significant supply of underlying token. This way the CEX can apply sellpressure and marketmakers can withdraw their "buyers" accordingly, leading to full control over the chart. Now if you let people bet in between and borrow them a multiple of their collateral under condition of limited downside (leverage) where you cancel your loan and keep their collateral (liquidation), without disclaiming how much impact you have on pricemovements, that is called manipulation and scamming. The concept of the house offering you a loan obviously equates to them having to take the opposite side of your trade, to keep the collateral and not lose their loan. Not bad practice on liquid pairs with good liquidity distribution amongst multiple independent entities. In the case of binance , they work very closely with @wintermute_t , which usualy for a token team directly, wouldn´t be allowed to even communicate about their marketmaking activites. This doesn´t count for binance though, as they are not the tokens teams directly but rather the listing venue for such. This is when manipulation starts. @binance offers leverage on any illiquid pair though and requires 8-9% supply from teams for listings (other CEX`s require 1-3% simply to provide a seller side without acquiring the token), that´s when it becomes ethicaly wrong and a scam at mass scale. Dare to deny it or call it a paid fud campaign you little bitch @cz_binance , i´ll gladly provide proof of @binance requiring said 8-9% for listings even from high liquidity projects. On 10/10, CZ found himself with too many winners running around with the money they lent from him, so he had to exploit his own oracle 1 day before it had to be updated to a market wide common oracle, through his illiquid scam stablecoin. The biggest rug in crypto history happened because CZ was not willing to accept that he lent money to people and their bets were winning. Binance users might´ve been made whole, but what he won´t mention is the subnet of companies that binance owns, that offer loans on their behalf, which all of them got liquidated through binances depeg, but not made whole as they are not "directly affiliated". I hope this helps for even the last incel that doesn´t understand what a scammer this guy is.

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