/biz/ - Business & Finance

I like watching when coins list. I haven't developed the big balls to buy, though.

do you think i will make it with my measly 1,000,000 FANTOM bag ??? i bought it back in march last year with some left-over funds and just got back into crypto...i did a digital detox and now the price is already 4x like wtf..

do you think i will make it with my measly 1,000,000 FANTOM bag ??? i bought it back in march with some left-over funds and just got back into crypto...i did a digital detox and now the price is already 4x like wtf..

Okay goys. I have a question that troubles me.

It seems that FANTOM has not figured out how to incentivize node operators long-term. I listened to the AMA that was shilled yesterday and they said the mainnet is ready but they can't launch because they have no idea how to make it profitable for validators?? He even said it may be unprofitable sometimes. This is a huge concern, you can't say 15% staking returns and pull that out of your ass - the funds have to come from somewhere... Who is paying for the outrageous fees?? Users? Please help me with this red flag.

Here's a quick calculation:

- Assume FTM has reached $1
- Total market capitalization is now around $3 billion
- We have 15% staking reward and 70% of supply is staked, paid out *annually*

$3,000,000,000 x %70 x %15 = $315,000,000

So we have $315 million in staking rewards that have to be paid out to validator node operators. In just ONE YEAR. Where is the money supposed to come from? How is the foundation making this much money?? This seems totally unsustainable desu.

I hope you took my advice and bagged up because we’re about to blast through the sky, bois