Am I reading this right that it costs 21 BCO just to open a staking position?? That's $30! Are the rewards worth that kind of fee if you have less than 10k coins?
Yeah it is quite a hurdle. I did the math after the first day. 1 million $ traffic daily and like 5 million bco are staked. My share would have been 1000 bco (staking for a year with 100% bonus). In my calculation I needed 1 quarter of a year to get just the fee back.
So if you stake with 10k you should be fine. Furthermore you just have to hope that the volume gains track massively, then everything is possible.
this is the thing, maybe it's not worth today but it can change quite a lot if the DEX keeps growing.
This would only occur to as professional trader:
(1) Traders need cash and liquidity... to create liquidity for others.
(2) Cryptobridge is trying to attract traders in a super competitive market.
(3) So the Bitshares/Steem Dev copies the LEAST POPULAR feature from Steem = "time lock" for staking
(4) Twitter miners may be hyping BCO, but no serious trader would "time lock" their capital for 1 year. Ever.
(5) I've done about 100 trades on CryptoBridge, I'm supposed KEEP WORKING so some lazy staker gets the payouts?
1 OK, but that applies everywhere so how this will occur to profesional trader only on CryptoBridge DEX
2 Yes they/we are, that's why CryptoBridge came up with Market Maker program
3 ?!? What the poet trader wanted to say
4 OK we promote DEX and serious trader don't need to lock his coins to stake BCO to use CryptoBridge DEX
5 Great, you will get paid for your trades even if you don't stake BCO...
So you working for yourself and for me and all other stakers but just in a way you work for Richie when trading on Bittrex.
Hmmm and you are trader so basically it's what you do anyway, right?
...and yes we mined BCO early that is what spec mining is all about, some of us were among first miners that tweeted early enough so everyone could get in on time.