21 sats \ 1 reply \ @a5y 26 Jun \ parent \ on: Sold my first Magma channel yesterday... Highly Recommended! lightning
Hi Jason!
I'm thrilled to hear that you're enjoying using Magma and appreciate your service to the network! 🌋 I wanted to address some concerns and clarify a few points about our service, especially given the FUD you are getting from others.
Before Magma, buying and selling liquidity was already being handled through inefficient and time-consuming means like Telegram and Twitter. Magma has transformed this process by allowing users to transparently view liquidity prices, seller reputations, and more. Importantly, our payment infrastructure ensures that sellers are only paid after the channel has been successfully opened. This means buyers don't need to trust that sellers will open a channel!
While you're free to sell directly to buyers, there is a reason why Magma became so popular compared to other methods.
Regarding Hydro, it's primarily designed for liquidity buyers, but sellers on Magma automatically contribute to the liquidity pool. This means that as a Magma seller you can get connected with more businesses seeking liquidity!
Hydro offers various management plans tailored to different business needs. Some plans require additional data for optimized decision-making, but we also offer automation plans that use solely public information. The results won't be as optimal but the option is still there.
Lastly, we as a company don't buy liquidity from other sellers on the market 😂 Definitely a new addition to the normal FUD we see!
Thanks again for using Magma and hope you continue enjoying it!
GENESIS