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/biz/ - Business & Finance

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22745344 No.22745344 [Reply] [Original]

Can someone tell me how my math is wrong?

Uniswap has currently 300mill daily volume, and UNI owners will be paid 0.05% of that. Assuming current supply of about 100 mill, the annual payout per UNI will be roughly

(300 000 000 * 365 * 0.05 / 100) / 100 000 000 = .5 USD.

Now assuming a stable financial asset returns about 5% interest on average, this would result in UNI taking a price of 0.5/(0.05) = 10 USD.

There are of course confounding factors, like the total volume or circulating supply increasing, but since these will work against eachother, I cannot possible imagine the coin being worth much more than 10USD (whether the price will reflect that is of course another story all together).

>> No.22745354

>>22745344
dude its a scam cause number went down move on

>> No.22745359
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22745359

>> No.22745379

>>22745344
300 mill daily volume in a defi bull market. Once the scams die down this shit will be lucky to get 50 mill daily volume. Nobody uses Uniswap for day trading. It's only used to ride weekly scams.

>> No.22745395

>>22745379
what DEFI bull market?

>> No.22745424

>>22745354
I mean I still hold my 400 UNI, I'm not saying its a scam, its a very simple concept STA's team probably could implement lol , so unless they're literally just gonna dump a billion UNI and quit the project, I don't see why its not a sound project, I'm just arguing against morons on here who pretend like this is going to 1000usd.


>>22745379
I mean, the hope is that crypto will grow I think.

>> No.22745471

>>22745379

Once L2 gets built out on Uni, they'll slap a Binance like UI on it and control the DEX market for at least a few years. Whales already love uni because they trade high time frames and large amounts, meaning non custodial is more important to them. If they can get cex like UI and performance, then it's game over for the likes of binance unironically.

>> No.22745502

>>22745379
try 1 billion daily volume, and DeFi hype didn't even start yet. The average 24h volume for the past 3 weeks was around 500 million

>> No.22745512

With rollups aka scaling we still might see 20-30usd because on hype alone

>> No.22745758

>>22745471
What's L2 on Uniswap? What is it in general in crypto?

>> No.22745815

>>22745758

Layer 2 scaling solutions. They are a whole class of datastructures and algorithms which aim to take strain off the base Eth 1.0 blockchain.

>> No.22746732

>>22745424
>morons on here who pretend like this is going to 1000usd
Dude, nobody unironically thinks that, they're just trolls, that's what /biz/ ultimately is.

>> No.22746855

>>22745471
Nash Exchange already exists and nobody cares. Has all of those features. People want no KYC and abundant shitcoins.