Hashoshi brings the latest Cardano news about a powerful new project from the creator of Unsigned Algorithms, Alexander Watanabe. Guchi is a platform that allows Cardano users to express both ends of sentiment related to Cardano NFTs, bullish or bearish, in a trade on a decentralized market. In other words, Guchi lets bears short a Cardano NFT’s floor price and bulls counterbalance that trade. Guchi is designed as a noise-cutting market that lets those bearish on a given Cardano NFT the opportunity to put their money with their mouth is and express that in the open market. There are some interesting side effects of a platform like this that Cardano ADA holders will want to hear about…
Check out Guchi: https://www.guchi.io/
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⏰ // Timestamps // ⏰
0:00 Welcome Alexander Watanabe!
0:46 What is Guchi, the new Cardano project?
3:15 Guchi enables shorts on Cardano NFTs
5:52 Does Cardano’s design uniquely enable this?
9:00 “Put your money where your mouth is”
12:43 Fixing the broken NFT markets
16:10 Guchi puts another person on the seesaw
17:46 How Guchi works
23:51 The incentives in Guchi
31:27 Open-sourcing on Cardano
34:14 Collaborating with Cardano NFT exchanges
36:14 Cardano offers unique capabilities
39:28 Guchi launch and looking ahead
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The information in this video is an opinion and is for informational purposes only. It is not intended as investment advice, tax advice nor legal advice, nor does it represent any entity’s opinion but my own. Seek a duly licensed professional for investment advice. No guarantees are being made, nor promises rendered of financial gain or other benefit in this highly speculative market.
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