Look at TEKcoin as virtual mining machine that is not affected by the network difficulty that much.. Will be fixed back to 40% after hardfork.
That forms the DEMAND for more then two years now!
Yes, it is attractive and the reason I joined. However, I didn't grasp the concept of exponential growth until I ran the numbers. Hypothetically, if we did the hard fork today at 65577536 coins and everyone gets 40%, then at the end of 12 months we will have something like 3 7 billion coins. I realize not everyone will stake, but even a billion coins is a lot. Take it out to 2 years and that's 210 billion coins. After 3 years, well, it's in the trillions.
I sure hope you are right and there is enough demand to absorb all these coins. Trade accordingly.
Exponential growth will devastate the price per coin, if U look at all of the coins with Numbers over a few billion, they all have a price of only a few sats.
At some point , users will stop buying tek because when you have 1 million coins and 40% per month, why would you need to buy anymore, you would not, then you only sell excess coins and that lowers the price. Interest rate will have to be changed within a year or so to avert that problem. But hopefully before the 500 million mark.
Then you could move to a 25% per year, a more sustainable alternative that the current 20 or 40% per month.
The more new users the longer that tipping point can be postponed, but it can't be postponed forever, the tipping point will come, it is inevitable.
AG18
interest over 40% per month?
Yeah! Now You do your calculations since you joined
Remember to do your calculations from the very genesis bloick of this coin and look at what we have for now ..the price ..the amount of coins we have now, but should be by now according to your calculations?
BTW - Now the difficulty is low and you can stake at about 40% PER 30 days //due to everyone keeps wallets locked ..waiting for the hard fork
...but the difficuly is usualy hifgh and we get 10-15%
peace