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Showing 13 of 13 results by Stucamey
Re: [ANN] FuturoCoin - cryptocurrency with instant payments launched.
Is http://pool.futurocoin.org/ mining pool a scam? Been mining there for the past 24 hours, accumulated around 1 FTO and it shows payments being made out of my account to a select few others? I still have not received any transfer to my account from the pool...
Re: [ANN][SMC] SmartCoin | Next generation currency | continued development
I just bought a huge position on Yobit, to find that I cannot transfer my SMART coins out of the exchange. Anyone have the same issue and/or know when this will get resolved?
Re: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹
For new coin registrations, does the Cryptobridge team go out and "recruit" coins to the site or do the coin creators need to register themselves? Keen to see TRX and ETH on here. This would skyrocket the daily transaction value.
ETH is scheduled and probably coming soon.
tokens too
According to the website road map, support for ETH based coins were meant to be up and running in December. Can we please get an updated road map?
Re: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹
Just realised the transaction volume on https://coinmarketcap.com/exchanges/cryptobridge/ does not include all the coins trading on Crypto-Bridge (i.e. ESCO which has a 24 hour volume of 25 BTC). Where can I easily see the average complete USD 24-hour volume?
Re: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹
For new coin registrations, does the Cryptobridge team go out and "recruit" coins to the site or do the coin creators need to register themselves? Keen to see TRX and ETH on here. This would skyrocket the daily transaction value.
Re: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹
Any news about new coins? When ETH will be available?
ETH is on track to be ready for middle of January. That's really good news. I cant understand why price of BCO is falling down third day in a row.
Big promo... or overrated growth in last week.
I think the market got a bit ahead of itself. I like this coin because you can calculate your expected earnings (i.e. dividend per year) and apply what you deem an appropriate PE multiple to get to what price you are happy to pay.
At the moment, the market has priced this at a PE multiple of +/-124 (based on the last dividend payout over 27m coins). So the market is pricing in some substantial grow on volume already. Once this growth materialises and increases over and above what is priced in, then I see the price rising further.
Re: [ANN]★CryptoBridge★BCO★Decentralized EXchange RELEASED NOW BETA
It is not clear how the staking reward is calculated, and it is now found that the reward is not enough to pay the deposit fee.
The staking is calculated as follows:
The staking reward is 0.15% of the exchanges volume. If the exchange does $10M volume in a day, then everyone staking will share 10M * 0.15% = $15,000 between them.
Your share depends on how much BCO you have staked, and the total amount of BCO being staked. Simply divide the amount you are staking by the total number of BCO being staked to figure out your slice of the pie.
As for "it is now found that the reward is not enough to pay the deposit fee", that seems a little misleading. Let's break it down:
You pay the fee only once, not every time.
If you stake some BCO, it will continue to stake until you choose to stop it.
This means that after a certain amount of time, you will have earned the staking fee back.
This will depend on how much you stake - the more you stake, the more you make.
Let's imagine you stake 1 BCO, and the fee is 10 BCO
If you stake 1 BCO, then your slice of the pie is quite small. It may take you a *long* time to receive enough payouts to pay back the fee, considering the fee is 10x your initial investment. This may not be a wise idea.
Let's imagine you stake 100 BCO, and the fee is 10 BCO.
Now your slice of the pie is 100x more, it will take you 100x less time to receive enough payouts to pay back the fee, considering the fee only represents 10% of your initial investment.
The fee is (relatively) fixed, there is no question about that. But what you can control is the % of your investment the fee comprises. And you only have to pay the fee once.
Correct me if I am wrong, but both the buyer and seller on CryptoBridge are charged 0.2% fee, therefore on each transaction, the stakers get 50% of this, therefore 0.2% of each transaction? (note at this stage it is 75% of the fee i.e. 0.3%)
You are correct, both the market maker (the person who proposes the price) and the market taker (the person who accepts the price) are indeed charged a 0.2% fee.
However, the market maker is refunded their 0.2% fee. The market maker also gets 25% of the market taker's fee (ie 0.05% of the trade). This is to incentivise people to provide offers, and thus volume, to the exchange. As they say - get paid to trade. You get paid to offer assets at a set price.
The other 75% of the market taker's fee (ie 0.15% of the trade) goes to the stakers.
Does that make sense?
It does. Thanks. So eventually once the platform gains momentum, there will not be a need for market makers and then the BCO stakers will get 0.2%?
Waiting for BCO to start adding all the other minable alt-coins, this should increase volume substantial (i.e. I mine some random coins, get it deposited onto Yobit at the moment and immediately convert these to BTC and I am sure a lot of other miners do the same). Will be more than happy to deposit them onto Cryptobridge where I could save on fees as well.
Re: [ANN]★CryptoBridge★BCO★Decentralized EXchange RELEASED NOW BETA
It is not clear how the staking reward is calculated, and it is now found that the reward is not enough to pay the deposit fee.
The staking is calculated as follows:
The staking reward is 0.15% of the exchanges volume. If the exchange does $10M volume in a day, then everyone staking will share 10M * 0.15% = $15,000 between them.
Your share depends on how much BCO you have staked, and the total amount of BCO being staked. Simply divide the amount you are staking by the total number of BCO being staked to figure out your slice of the pie.
As for "it is now found that the reward is not enough to pay the deposit fee", that seems a little misleading. Let's break it down:
You pay the fee only once, not every time.
If you stake some BCO, it will continue to stake until you choose to stop it.
This means that after a certain amount of time, you will have earned the staking fee back.
This will depend on how much you stake - the more you stake, the more you make.
Let's imagine you stake 1 BCO, and the fee is 10 BCO
If you stake 1 BCO, then your slice of the pie is quite small. It may take you a *long* time to receive enough payouts to pay back the fee, considering the fee is 10x your initial investment. This may not be a wise idea.
Let's imagine you stake 100 BCO, and the fee is 10 BCO.
Now your slice of the pie is 100x more, it will take you 100x less time to receive enough payouts to pay back the fee, considering the fee only represents 10% of your initial investment.
The fee is (relatively) fixed, there is no question about that. But what you can control is the % of your investment the fee comprises. And you only have to pay the fee once.
Correct me if I am wrong, but both the buyer and seller on CryptoBridge are charged 0.2% fee, therefore on each transaction, the stakers get 50% of this, therefore 0.2% of each transaction? (note at this stage it is 75% of the fee i.e. 0.3%)
Re: [ANN]★CryptoBridge★BCO★Decentralized EXchange RELEASED NOW BETA
Any idea when profit sharing will commence? As soon as that begins (no matter how small the initial distribution), it'll show outsiders that management are serious and that would have a massive impact on the price.
The time everyone is waiting for is mid December
this is when the PoW time of BCO will be done and staking will beginn
Doing the math, even if the team manages to only distribute USD0.01/coin/month x 12 months x 12 time earnings = USD1.44/coin (or 0.00019BTC). 10x price that it is current sitting at. Let's hope management stick to their plan and deliver...
Re: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹
Any idea when profit sharing will commence? As soon as that begins (no matter how small the initial distribution), it'll show outsiders that management are serious and that would have a massive impact on the price.