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[NoLiquidity Unrealistic Values/Marketcaps - Serious Problem and Feature Request] False Values for tokens and marketcaps: a problem present on many exchanges/lists but Alcor should ONLY show value based on whats ACTUALLY AVAILABLE in the pools and market buy orders. Token and marketcap value on wallet page should not exceed total base token pool liquidity + Total price adjusted Market Buy orders - preventing "fake" or exaggerated No-Liquidity marketcaps and token values #696

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ackza opened this issue May 26, 2023 · 1 comment

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@ackza
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ackza commented May 26, 2023

@avral tldr: #idea #ideas Create Limit on every wallet token value and marketcap in alcor wallet page, value of each token is NOT to exceed total value in pool and market buy orders.

Values of a token in wallet and even Marketcap should only show what amount of money can ACTUALLY be taken out. Later on estimates made for probable future sell potential can me REALISTICALLY made based on past volume performance and how much money has been put into a token so far, extrapolating this data to estimate what sort of volume to expect in the future, BUT for now, we MUST assume that the ONLY money available to actually withdraw from any alcor token, is the money in the pool and market buy orders.

-- extra analysis/opinions: --

The idea is to actually limit wallet value and marketcap values on alcor wallet page by whats actually available in a pool so the Wallet value of a token or marketcap cannot exceed the total $ dollar amount of WAX or XPR in a pool AND market so we add up all the pool liquidity and add the total buy orders amounts (and adjust for their various prices) and use this number to be the LIMIT for showing Value and Marketcap of a token on the wallet page

This way your wallet will ACTUALLY be useful and show REAL values not these fake values we all like on one level of our brain but we all know deep down its a lie and we should change it to show what is REALLY available not some magical number based on current prices. we should only allow wallet values and marketcap to show NOT MORE than the total amount of Pool + buy orders and no more.

We should make this a top priority , what happens when you take away fake marketcap and fake wallet token values is you remove the scam tokens and make the playing field more fair and honest attracting more money from fair honest serious projects, like how the market XPR only page has helped fix things allowing serious projects to show as #1 with real liquidity

We still have a problem with fake marketcaps in the XPR section, i dunno why thats still allowed, foobar and another token are showing fake volumes because of the backwards way the quote / base shows up, but that hopefully can be fixed without having to force create a new market and moving all the orders over.

@avral you should innovate what it means to show value/marketcap and something you can invent called "Fair Value / Fair Marketcap" - where you only show the value of wallet tokens, based on price of total amount AVAILABLE, not just a multiplication of price and total tokens, NO, thats very inaccurate - we should show real value based on SWAP pools

SO if you have a token with only 1000 WAX liquidity in pool and 1000 of your token = 1000 wax, then you can only show the total value in your wallet as 1000 wax, not 1 million just because youy have 1 mi9llion of your own token you made up

Bloks / protonscan should also change and coingecko/ CMM should all adopt this new system of ONLY showing a token's wallet value based on what is ACTUALLY available in the pool! #idea #ideas

@dougbutner
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With the improved analytics tools, I don't know if this is still an issue for you.

While I completely understand your case, it's not always an easy thing to figure out, as the amount of liquidity is truly unknowable due to the fact that anybody can launch their own pools and create private liquidity pools and their arbitrage bots to interact with these pools.

Even an attempt to incorporate the latest information would be futile as it's impossible to make it future proof.

All of that said, I think what you're describing would be a great addition to the analytics page.

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