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About GLDY

BuzzShow is a reward-based social video platform that has largely been developed.It provides its users with full control of their content as well as monetary incentives for creating, curating, sharing & viewing videos with BuzzShow Goldies, the BuzzShow’s native currency.

Buzzshow (GLDY) is a cryptocurrency launched in 2020. GLDY has a current supply of 150.00M with 0 in circulation. The last known price of GLDY is 0.000641305236 USD and is -0.000001770242 over the last 24 hours. It is currently trading on active market(s) with $10.01 traded over the last 24 hours. More information can be found at https://buzzshow.com.

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GLDY Price Statistics
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Updated Jun 24, 2024 4:16 am
Mkt Cap $0
There's nothing here for now
Curve Finance Founder's Large Token Holdings Lead to Market Panic
Curve Finance Founder's Large Token Holdings Lead to Market Panic
According to Bloomberg, in the cryptocurrency industry, it's typical for founders to accumulate substantial amounts of their project's native token as a stake in the business. This approach, while promoting transparency and offering a more liquid exit strategy, can sometimes lead to complications. For instance, when executives and venture-capital backers hold significant portions of a token, market liquidity can become scarce when they sell. This has led some to resort to unconventional methods to liquidate their holdings. A recent incident involving Curve Finance founder Michael Egorov serves as a prime example. Egorov's trading of nearly $96 million in stablecoin loans was backed by approximately $140 million of his CRV holdings as collateral. This collateral was spread across several DeFi platforms, including Curve's own LlamaLend. However, when the price of CRV plummeted following the hack of a small DeFi lender this month, the value of Egorov's collateral also fell, forcing his positions into liquidation. This forced selling resulted in millions of dollars in bad debt for Egorov and Curve, and triggered widespread market panic among CRV investors. The value of the coin briefly hit a record low following the liquidation. Egorov subsequently sold more CRV tokens in an over-the-counter deal to cover most of Curve's bad debt. In a statement, Egorov confirmed that he personally repaid most of the bad debt and was committed to ensuring that all users could withdraw their deposits without any issues. This incident highlights the challenges faced by crypto founders and early backers when they attempt to realize the value of their holdings. The market's volatility and immaturity often mean that holdings are too dense for buyers to handle when sold in large quantities. This experimental nature of crypto markets allows for such situations, giving buyers, sellers, and builders the freedom to test the boundaries of finance without traditional rules.
Jun 24, 2024 3:33 am

Frequently Asked Questions

  • Who Are the Founders of Buzzshow?

    Offer Kohen, Serial Entrepreneur and Film Director, with over 20 years of experience, is the founder and inventor of BuzzShow Network. Offer is a visionary innovator in disruptive technology development, film director & producer, with wide eclectic experience in initiating & directing visionary creative & technology driven concepts into outstanding products. He has worked through all creative & start-up phases starting from idea to launch to reaching end consumer at home as well as directing & managing startups and projects from garage phase through growing into funded & revenue driven companies.

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  • Where Can I Buy Buzzshow (GLDY)?

    Follow this link to get a guide on how and where you can buy the tokens

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  • What is the all-time high price of Buzzshow (GLDY)?

    The all-time high of GLDY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Buzzshow (GLDY) is 0. The current price of GLDY is down 0% from its all-time high.

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  • How much Buzzshow (GLDY) is there in circulation?

    As of , there is currently 0 GLDY in circulation. GLDY has a maximum supply of 150.00M.

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  • What is the market cap of Buzzshow (GLDY)?

    The current market cap of GLDY is 0. It is calculated by multiplying the current supply of GLDY by its real-time market price of 0.000641305236.

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  • What is the all-time low price of Buzzshow (GLDY)?

    The all-time low of GLDY was 0 , from which the coin is now up 0%. The all-time low price of Buzzshow (GLDY) is 0. The current price of GLDY is up 0% from its all-time low.

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  • Is Buzzshow (GLDY) a good investment?

    Buzzshow (GLDY) has a market capitalization of $0 and is ranked #6391 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Buzzshow (GLDY) price trends and patterns to find the best time to purchase GLDY.

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