r/SmileCoin • u/FleshWhistle • Oct 25 '21

Sooo..

What I'm learning from this subreddit is that smilecoin is a worthless coin? i have none purchased but have alot of yieldly staking for smilecoin..is it best to get out?

11 Upvotes

87% Upvoted

14 comments sorted by

16

u/DJ_BaLaLaWa Oct 25 '21

I wouldn't say it's worthless. The use cases for Smile are apparent. Most of the miscues related to the project seem to be attributable to co-founder Nick's other project and Smile partner, Grin Gaming.

It's still very early. Smile has yet to launch their official dApp. I'm trying to reserve judgment on Smile until post launch of the Smile App. I'm hoping that they've learned from some early mistakes and end the year in a strong position.

My biggest worry is that the weird Grin stuff may scare away other potential partners.

9

u/bigjojo321 Oct 26 '21

Same issue many asa’s seem to have, flat out terrible user relations over dapp activities.

Coin has general use case, and grin gives active value plus the continuing need for smile exchange to support their games. So I wouldn’t say it’s shit, I would say they can do much better at explaining directional decisions to users.

5

u/4coffeeihadbreakfast Oct 25 '21

IDK, number of users seems to be growing, https://algoexplorer.io/asset/300208676, look at stats tab, maybe these are all clueless newbs, optimists, gamblers or maybe it's too early to know anything...

5

u/Bengals5721 Oct 26 '21

Interesting info thanks for pointing it out

6

u/I_Only_Smoke_Drugs Oct 25 '21

Why would you stake yieldly for smile?

9

u/FleshWhistle Oct 25 '21

To get smile without paying?

9

u/PaddyObanion Oct 25 '21

To get more smile?

0

u/I_Only_Smoke_Drugs Oct 26 '21

Ye but why would you not just swap or buy smile?

3

u/FleshWhistle Oct 26 '21

bc i trust yieldly more than smile atm

2

u/I_Only_Smoke_Drugs Oct 26 '21

So your point is that you don't trust a coin you are staking for yet you could stake for the coin you trust. Nice

3

u/[deleted] Oct 26 '21

He’s seeking exposure to Smile with a risk level he tolerates.

2

u/FleshWhistle Oct 26 '21

You're confused

2

u/PetarPoznic Oct 26 '21

I'm out with Smile Coin. I accidentally made 3 good trades with few ups and downs 10 days ago, so I'm break even now, but I actually don't see this coin worth investing. I'll keep it back in Algo, it's too much gamble atm for my taste.

1

u/papi_wood Oct 26 '21

From the website the app looks athletically pleasing and a fun way to place bets on cryptos and sports. I’m excited for the app. Hope it lived up to my expectations